Correlation
The correlation between RPIDX and JBBB is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
RPIDX vs. JBBB
Compare and contrast key facts about T. Rowe Price Dynamic Credit Fund (RPIDX) and Janus Henderson B-BBB CLO ETF (JBBB).
RPIDX is managed by T. Rowe Price. It was launched on Jan 10, 2019. JBBB is an actively managed fund by Janus Henderson. It was launched on Jan 11, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RPIDX or JBBB.
Performance
RPIDX vs. JBBB - Performance Comparison
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Key characteristics
RPIDX:
2.10
JBBB:
1.45
RPIDX:
3.59
JBBB:
1.97
RPIDX:
1.53
JBBB:
1.41
RPIDX:
2.35
JBBB:
1.58
RPIDX:
9.71
JBBB:
7.14
RPIDX:
0.77%
JBBB:
0.96%
RPIDX:
3.37%
JBBB:
4.69%
RPIDX:
-19.95%
JBBB:
-10.79%
RPIDX:
-1.00%
JBBB:
0.00%
Returns By Period
In the year-to-date period, RPIDX achieves a 1.90% return, which is significantly higher than JBBB's 1.34% return.
RPIDX
1.90%
0.46%
2.33%
6.96%
5.40%
6.16%
N/A
JBBB
1.34%
1.84%
2.18%
6.76%
9.20%
N/A
N/A
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RPIDX vs. JBBB - Expense Ratio Comparison
RPIDX has a 0.63% expense ratio, which is higher than JBBB's 0.49% expense ratio.
Risk-Adjusted Performance
RPIDX vs. JBBB — Risk-Adjusted Performance Rank
RPIDX
JBBB
RPIDX vs. JBBB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Dynamic Credit Fund (RPIDX) and Janus Henderson B-BBB CLO ETF (JBBB). 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.
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Dividends
RPIDX vs. JBBB - Dividend Comparison
RPIDX's dividend yield for the trailing twelve months is around 6.66%, less than JBBB's 7.92% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
RPIDX T. Rowe Price Dynamic Credit Fund | 6.66% | 6.87% | 5.87% | 8.81% | 5.35% | 7.70% | 4.42% |
JBBB Janus Henderson B-BBB CLO ETF | 7.92% | 7.65% | 8.10% | 5.03% | 0.00% | 0.00% | 0.00% |
Drawdowns
RPIDX vs. JBBB - Drawdown Comparison
The maximum RPIDX drawdown since its inception was -19.95%, which is greater than JBBB's maximum drawdown of -10.79%. Use the drawdown chart below to compare losses from any high point for RPIDX and JBBB.
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Volatility
RPIDX vs. JBBB - Volatility Comparison
The current volatility for T. Rowe Price Dynamic Credit Fund (RPIDX) is 0.71%, while Janus Henderson B-BBB CLO ETF (JBBB) has a volatility of 1.17%. This indicates that RPIDX experiences smaller price fluctuations and is considered to be less risky than JBBB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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