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RPIDX vs. TMSRX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between RPIDX and TMSRX is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.3

Performance

RPIDX vs. TMSRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Dynamic Credit Fund (RPIDX) and T. Rowe Price Multi-Strategy Total Return Fund (TMSRX). The values are adjusted to include any dividend payments, if applicable.

-6.00%-4.00%-2.00%0.00%2.00%4.00%JulyAugustSeptemberOctoberNovemberDecember
3.79%
-5.36%
RPIDX
TMSRX

Key characteristics

Sharpe Ratio

RPIDX:

2.26

TMSRX:

-0.16

Sortino Ratio

RPIDX:

3.94

TMSRX:

-0.13

Omega Ratio

RPIDX:

1.48

TMSRX:

0.96

Calmar Ratio

RPIDX:

1.23

TMSRX:

-0.12

Martin Ratio

RPIDX:

18.78

TMSRX:

-0.85

Ulcer Index

RPIDX:

0.38%

TMSRX:

1.27%

Daily Std Dev

RPIDX:

3.19%

TMSRX:

6.82%

Max Drawdown

RPIDX:

-19.95%

TMSRX:

-12.76%

Current Drawdown

RPIDX:

-0.89%

TMSRX:

-8.62%

Returns By Period

In the year-to-date period, RPIDX achieves a 6.06% return, which is significantly higher than TMSRX's -1.40% return.


RPIDX

YTD

6.06%

1M

-0.45%

6M

3.68%

1Y

6.96%

5Y*

1.87%

10Y*

N/A

TMSRX

YTD

-1.40%

1M

-5.56%

6M

-5.26%

1Y

-1.29%

5Y*

0.71%

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


RPIDX vs. TMSRX - Expense Ratio Comparison

RPIDX has a 0.63% expense ratio, which is lower than TMSRX's 1.19% expense ratio.


TMSRX
T. Rowe Price Multi-Strategy Total Return Fund
Expense ratio chart for TMSRX: current value at 1.19% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.19%
Expense ratio chart for RPIDX: current value at 0.63% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.63%

Risk-Adjusted Performance

RPIDX vs. TMSRX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Dynamic Credit Fund (RPIDX) and T. Rowe Price Multi-Strategy Total Return Fund (TMSRX). 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.


Sharpe ratio
The chart of Sharpe ratio for RPIDX, currently valued at 2.26, compared to the broader market-1.000.001.002.003.004.002.26-0.16
The chart of Sortino ratio for RPIDX, currently valued at 3.94, compared to the broader market-2.000.002.004.006.008.0010.003.94-0.13
The chart of Omega ratio for RPIDX, currently valued at 1.48, compared to the broader market0.501.001.502.002.503.003.501.480.96
The chart of Calmar ratio for RPIDX, currently valued at 1.23, compared to the broader market0.002.004.006.008.0010.0012.0014.001.23-0.12
The chart of Martin ratio for RPIDX, currently valued at 18.78, compared to the broader market0.0020.0040.0060.0018.78-0.85
RPIDX
TMSRX

The current RPIDX Sharpe Ratio is 2.26, which is higher than the TMSRX Sharpe Ratio of -0.16. The chart below compares the historical Sharpe Ratios of RPIDX and TMSRX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
2.26
-0.16
RPIDX
TMSRX

Dividends

RPIDX vs. TMSRX - Dividend Comparison

RPIDX's dividend yield for the trailing twelve months is around 6.14%, while TMSRX has not paid dividends to shareholders.


TTM202320222021202020192018
RPIDX
T. Rowe Price Dynamic Credit Fund
6.14%5.87%3.87%3.47%4.15%4.03%0.00%
TMSRX
T. Rowe Price Multi-Strategy Total Return Fund
0.00%5.95%1.49%0.50%0.85%2.59%1.94%

Drawdowns

RPIDX vs. TMSRX - Drawdown Comparison

The maximum RPIDX drawdown since its inception was -19.95%, which is greater than TMSRX's maximum drawdown of -12.76%. Use the drawdown chart below to compare losses from any high point for RPIDX and TMSRX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-0.89%
-8.62%
RPIDX
TMSRX

Volatility

RPIDX vs. TMSRX - Volatility Comparison

The current volatility for T. Rowe Price Dynamic Credit Fund (RPIDX) is 0.42%, while T. Rowe Price Multi-Strategy Total Return Fund (TMSRX) has a volatility of 6.49%. This indicates that RPIDX experiences smaller price fluctuations and is considered to be less risky than TMSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
0.42%
6.49%
RPIDX
TMSRX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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