RPIDX vs. TMSRX
Compare and contrast key facts about T. Rowe Price Dynamic Credit Fund (RPIDX) and T. Rowe Price Multi-Strategy Total Return Fund (TMSRX).
RPIDX is managed by T. Rowe Price. It was launched on Jan 10, 2019. TMSRX is managed by T. Rowe Price. It was launched on Feb 22, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RPIDX or TMSRX.
Key characteristics
| RPIDX | TMSRX | |
|---|---|---|
| YTD Return | 6.78% | 4.83% |
| 1Y Return | 8.74% | 6.33% |
| 3Y Return (Ann) | 0.62% | -0.59% |
| 5Y Return (Ann) | 2.32% | 2.21% |
| Sharpe Ratio | 2.72 | 2.31 |
| Sortino Ratio | 4.88 | 3.39 |
| Omega Ratio | 1.60 | 1.47 |
| Calmar Ratio | 1.30 | 0.72 |
| Martin Ratio | 25.74 | 8.94 |
| Ulcer Index | 0.35% | 0.70% |
| Daily Std Dev | 3.35% | 2.69% |
| Max Drawdown | -19.95% | -12.76% |
| Current Drawdown | -0.22% | -2.85% |
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.
Performance
RPIDX vs. TMSRX - Performance Comparison
In the year-to-date period, RPIDX achieves a 6.78% return, which is significantly higher than TMSRX's 4.83% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RPIDX vs. TMSRX - Expense Ratio Comparison
RPIDX has a 0.63% expense ratio, which is lower than TMSRX's 1.19% expense ratio.
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.
Dividends
RPIDX vs. TMSRX - Dividend Comparison
RPIDX's dividend yield for the trailing twelve months is around 6.61%, more than TMSRX's 5.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
RPIDX T. Rowe Price Dynamic Credit Fund | 6.61% | 5.87% | 3.87% | 3.47% | 4.15% | 4.03% | 0.00% |
TMSRX T. Rowe Price Multi-Strategy Total Return Fund | 5.68% | 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.
Volatility
RPIDX vs. TMSRX - Volatility Comparison
T. Rowe Price Dynamic Credit Fund (RPIDX) has a higher volatility of 1.11% compared to T. Rowe Price Multi-Strategy Total Return Fund (TMSRX) at 0.67%. This indicates that RPIDX's price experiences larger fluctuations and is considered to be riskier than TMSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.