RPIDX vs. QQQ
Compare and contrast key facts about T. Rowe Price Dynamic Credit Fund (RPIDX) and Invesco QQQ ETF (QQQ).
RPIDX is managed by T. Rowe Price. It was launched on Jan 10, 2019. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Performance
RPIDX vs. QQQ - Performance Comparison
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RPIDX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RPIDX T. Rowe Price Dynamic Credit Fund | 0.63% | 13.01% | 7.39% | 4.72% | -0.76% | 6.21% | 2.71% | 6.87% |
QQQ Invesco QQQ ETF | -4.76% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 34.59% |
Returns By Period
In the year-to-date period, RPIDX achieves a 0.63% return, which is significantly higher than QQQ's -4.76% return.
RPIDX
- 1D
- -0.34%
- 1M
- -0.80%
- YTD
- 0.63%
- 6M
- 2.98%
- 1Y
- 10.90%
- 3Y*
- 7.98%
- 5Y*
- 4.92%
- 10Y*
- —
QQQ
- 1D
- 1.24%
- 1M
- -3.79%
- YTD
- -4.76%
- 6M
- -2.89%
- 1Y
- 24.21%
- 3Y*
- 22.83%
- 5Y*
- 13.16%
- 10Y*
- 18.99%
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RPIDX vs. QQQ - Expense Ratio Comparison
RPIDX has a 0.63% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
RPIDX vs. QQQ — Risk / Return Rank
RPIDX
QQQ
RPIDX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Dynamic Credit Fund (RPIDX) and Invesco QQQ ETF (QQQ). 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.
| RPIDX | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.82 | 1.07 | +1.75 |
Sortino ratioReturn per unit of downside risk | 4.88 | 1.66 | +3.22 |
Omega ratioGain probability vs. loss probability | 1.69 | 1.24 | +0.45 |
Calmar ratioReturn relative to maximum drawdown | 4.09 | 2.00 | +2.09 |
Martin ratioReturn relative to average drawdown | 17.02 | 7.32 | +9.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RPIDX | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.82 | 1.07 | +1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 0.59 | +0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 0.38 | +0.78 |
Correlation
The correlation between RPIDX and QQQ is -0.02. 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.
Dividends
RPIDX vs. QQQ - Dividend Comparison
RPIDX's dividend yield for the trailing twelve months is around 12.78%, more than QQQ's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPIDX T. Rowe Price Dynamic Credit Fund | 12.78% | 12.85% | 6.87% | 6.64% | 7.97% | 5.34% | 7.14% | 4.41% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
RPIDX vs. QQQ - Drawdown Comparison
The maximum RPIDX drawdown since its inception was -19.95%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for RPIDX and QQQ.
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Drawdown Indicators
| RPIDX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.95% | -82.97% | +63.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -12.62% | +9.81% |
Max Drawdown (5Y)Largest decline over 5 years | -7.31% | -35.12% | +27.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -1.14% | -7.86% | +6.72% |
Average DrawdownAverage peak-to-trough decline | -1.89% | -32.99% | +31.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 3.44% | -2.77% |
Volatility
RPIDX vs. QQQ - Volatility Comparison
The current volatility for T. Rowe Price Dynamic Credit Fund (RPIDX) is 0.94%, while Invesco QQQ ETF (QQQ) has a volatility of 6.61%. This indicates that RPIDX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RPIDX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 6.61% | -5.67% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 12.82% | -10.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.91% | 22.70% | -18.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.86% | 22.38% | -18.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.84% | 22.25% | -17.41% |