RPIDX vs. SUBFX

Last updated Apr 2, 2026

Compare and contrast key facts about T. Rowe Price Dynamic Credit Fund (RPIDX) and Carillon Reams Unconstrained Bond Fund (SUBFX).

RPIDX is managed by T. Rowe Price. It was launched on Jan 10, 2019. SUBFX is managed by Carillon Family of Funds. It was launched on Sep 28, 2011.

Performance

RPIDX vs. SUBFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Dynamic Credit Fund (RPIDX) and Carillon Reams Unconstrained Bond Fund (SUBFX). The values are adjusted to include any dividend payments, if applicable.

RPIDX vs. SUBFX - 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%
SUBFX Carillon Reams Unconstrained Bond Fund	0.65%	10.61%	4.22%	8.53%	-4.74%	-0.32%	11.18%	6.15%

Returns By Period

The year-to-date returns for both investments are quite close, with RPIDX having a 0.63% return and SUBFX slightly higher at 0.65%.

RPIDX

• 1D: -0.34%
• 1M: -0.80%
• YTD: 0.63%
• 6M: 2.98%
• 1Y: 10.90%
• 3Y*: 7.98%
• 5Y*: 4.92%
• 10Y*: —

SUBFX

• 1D: 0.40%
• 1M: -1.02%
• YTD: 0.65%
• 6M: 1.59%
• 1Y: 7.17%
• 3Y*: 6.40%
• 5Y*: 3.58%
• 10Y*: 4.06%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RPIDX vs. SUBFX - Expense Ratio Comparison

RPIDX has a 0.63% expense ratio, which is higher than SUBFX's 0.50% expense ratio.

RPIDX

T. Rowe Price Dynamic Credit Fund

SUBFX

Carillon Reams Unconstrained Bond Fund

Return for Risk

RPIDX vs. SUBFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RPIDX

RPIDX Risk / Return Rank: 97
RPIDX Sharpe Ratio Rank: 98
RPIDX Sortino Ratio Rank: 98
RPIDX Omega Ratio Rank: 97
RPIDX Calmar Ratio Rank: 97
RPIDX Martin Ratio Rank: 97

SUBFX

SUBFX Risk / Return Rank: 94
SUBFX Sharpe Ratio Rank: 92
SUBFX Sortino Ratio Rank: 95
SUBFX Omega Ratio Rank: 90
SUBFX Calmar Ratio Rank: 95
SUBFX Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RPIDX vs. SUBFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Dynamic Credit Fund (RPIDX) and Carillon Reams Unconstrained Bond Fund (SUBFX). 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	SUBFX	Difference
Sharpe ratio Return per unit of total volatility	2.82	2.10	+0.72
Sortino ratio Return per unit of downside risk	4.88	3.15	+1.73
Omega ratio Gain probability vs. loss probability	1.69	1.42	+0.26
Calmar ratio Return relative to maximum drawdown	4.09	3.61	+0.48
Martin ratio Return relative to average drawdown	17.02	13.88	+3.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RPIDX vs. SUBFX - Sharpe Ratio Comparison

The current RPIDX Sharpe Ratio is 2.82, which is higher than the SUBFX Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of RPIDX and SUBFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RPIDX	SUBFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.82	2.10	+0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.28	0.66	+0.62
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.16	0.96	+0.20

Correlation

The correlation between RPIDX and SUBFX is -0.03. 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. SUBFX - Dividend Comparison

RPIDX's dividend yield for the trailing twelve months is around 12.78%, more than SUBFX's 5.88% 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%
SUBFX Carillon Reams Unconstrained Bond Fund	5.88%	6.44%	4.92%	4.52%	2.16%	1.96%	3.01%	2.83%	2.06%	1.17%	1.01%	0.52%

Drawdowns

RPIDX vs. SUBFX - Drawdown Comparison

The maximum RPIDX drawdown since its inception was -19.95%, which is greater than SUBFX's maximum drawdown of -11.22%. Use the drawdown chart below to compare losses from any high point for RPIDX and SUBFX.

Drawdown Indicators

	RPIDX	SUBFX	Difference
Max Drawdown Largest peak-to-trough decline	-19.95%	-11.22%	-8.73%
Max Drawdown (1Y) Largest decline over 1 year	-2.81%	-2.11%	-0.70%
Max Drawdown (5Y) Largest decline over 5 years	-7.31%	-11.17%	+3.86%
Max Drawdown (10Y) Largest decline over 10 years	—	-11.22%	—
Current Drawdown Current decline from peak	-1.14%	-1.17%	+0.03%
Average Drawdown Average peak-to-trough decline	-1.89%	-1.47%	-0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	0.55%	+0.12%

Volatility

RPIDX vs. SUBFX - Volatility Comparison

The current volatility for T. Rowe Price Dynamic Credit Fund (RPIDX) is 0.94%, while Carillon Reams Unconstrained Bond Fund (SUBFX) has a volatility of 1.61%. This indicates that RPIDX experiences smaller price fluctuations and is considered to be less risky than SUBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RPIDX	SUBFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.94%	1.61%	-0.67%
Volatility (6M) Calculated over the trailing 6-month period	2.67%	2.20%	+0.47%
Volatility (1Y) Calculated over the trailing 1-year period	3.91%	3.56%	+0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.86%	5.43%	-1.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.84%	5.26%	-0.42%