RPIBX vs. TPINX
RPIBX (T. Rowe Price International Bond Fund) and TPINX (Templeton Global Bond Fund) are both Global Bonds funds. Over the past 10 years, RPIBX returned 0.10%/yr vs -0.03%/yr for TPINX. At a 0.45 correlation, their price movements are largely independent. RPIBX charges 0.67%/yr vs 0.94%/yr for TPINX.
Performance
RPIBX vs. TPINX - Performance Comparison
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Returns By Period
In the year-to-date period, RPIBX achieves a -1.15% return, which is significantly lower than TPINX's 2.28% return. Over the past 10 years, RPIBX has outperformed TPINX with an annualized return of 0.10%, while TPINX has yielded a comparatively lower -0.03% annualized return.
RPIBX
- 1D
- 0.00%
- 1M
- -1.07%
- 6M
- -0.87%
- YTD
- -1.15%
- 1Y
- -0.55%
- 3Y*
- 4.28%
- 5Y*
- -2.25%
- 10Y*
- 0.10%
TPINX
- 1D
- 0.42%
- 1M
- 0.42%
- 6M
- 1.99%
- YTD
- 2.28%
- 1Y
- 5.67%
- 3Y*
- 2.19%
- 5Y*
- -0.47%
- 10Y*
- -0.03%
RPIBX vs. TPINX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RPIBX T. Rowe Price International Bond Fund | -1.15% | 10.96% | -2.90% | 9.35% | -20.72% | -7.18% | 11.51% | 6.67% | -2.93% | 11.16% |
TPINX Templeton Global Bond Fund | 2.28% | 15.02% | -11.95% | 2.45% | -6.17% | -5.06% | -4.41% | 0.63% | 1.26% | 2.36% |
Correlation
The correlation between RPIBX and TPINX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1990 | 0.45 |
Over the past year, RPIBX and TPINX have become more correlated (0.82) than their long-term average of 0.45, meaning their price movements have been converging.
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Return for Risk
RPIBX vs. TPINX — Risk / Return Rank
RPIBX
TPINX
RPIBX vs. TPINX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price International Bond Fund (RPIBX) and Templeton Global Bond Fund (TPINX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RPIBX | TPINX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.14 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 0.85 | -0.99 |
| Martin ratioReturn relative to average drawdown | -0.34 | 2.51 | -2.86 |
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Drawdowns
RPIBX vs. TPINX - Drawdown Comparison
The maximum RPIBX drawdown since its inception was -33.80%, which is greater than TPINX's maximum drawdown of -26.45%. Use the drawdown chart below to compare losses from any high point for RPIBX and TPINX.
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Drawdown Indicators
| RPIBX | TPINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.80% | -26.45% | -7.35% |
Max Drawdown (1Y)Largest decline over 1 year | -4.98% | -6.36% | +1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -8.18% | -13.03% | +4.85% |
Max Drawdown (5Y)Largest decline over 5 years | -31.45% | -17.85% | -13.60% |
Max Drawdown (10Y)Largest decline over 10 years | -33.80% | -26.45% | -7.35% |
Current DrawdownCurrent decline from peak | -14.81% | -12.93% | -1.88% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -4.86% | -1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 2.14% | -0.14% |
Volatility
RPIBX vs. TPINX - Volatility Comparison
The current volatility for T. Rowe Price International Bond Fund (RPIBX) is 1.30%, while Templeton Global Bond Fund (TPINX) has a volatility of 1.71%. This indicates that RPIBX experiences smaller price fluctuations and is considered to be less risky than TPINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RPIBX | TPINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.30% | 1.71% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 4.88% | 6.11% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.04% | 7.24% | -1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.84% | 8.16% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.22% | 7.16% | +0.06% |
RPIBX vs. TPINX - Expense Ratio Comparison
RPIBX has a 0.67% expense ratio, which is lower than TPINX's 0.94% expense ratio.
Dividends
RPIBX vs. TPINX - Dividend Comparison
RPIBX's dividend yield for the trailing twelve months is around 3.74%, less than TPINX's 4.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPIBX T. Rowe Price International Bond Fund | 3.74% | 4.06% | 5.59% | 4.46% | 1.37% | 1.90% | 1.27% | 1.99% | 2.05% | 1.89% | 1.81% | 1.98% |
TPINX Templeton Global Bond Fund | 4.97% | 4.29% | 5.77% | 3.87% | 5.17% | 5.38% | 4.59% | 6.12% | 6.53% | 3.34% | 2.33% | 3.11% |
Frequently Asked Questions
RPIBX and TPINX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TPINX has higher volatility (1.71%) compared to RPIBX (1.30%). In terms of maximum drawdown, RPIBX dropped -33.80% vs TPINX's -26.45%.
TPINX currently has the higher Sharpe Ratio (0.75 vs -0.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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