RPIDX vs. TUIFX

Last updated Jun 5, 2026

RPIDX (T. Rowe Price Dynamic Credit Fund) and TUIFX (Toews Unconstrained Income Fund) are both Nontraditional Bonds funds. Over the past 5 years, RPIDX returned 4.38%/yr vs 1.28%/yr for TUIFX. At a 0.01 correlation, their price movements are largely independent. RPIDX charges 0.63%/yr vs 1.25%/yr for TUIFX.

Performance

RPIDX vs. TUIFX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with RPIDX having a 0.28% return and TUIFX slightly lower at 0.27%.

RPIDX

• 1D: 0.12%
• 1M: -0.63%
• YTD: 0.28%
• 6M: 1.10%
• 1Y: 7.26%
• 3Y*: 7.70%
• 5Y*: 4.38%
• 10Y*: —

TUIFX

• 1D: -0.11%
• 1M: -0.32%
• YTD: 0.27%
• 6M: 0.37%
• 1Y: 3.20%
• 3Y*: 4.00%
• 5Y*: 1.28%
• 10Y*: 1.78%

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

RPIDX vs. TUIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
RPIDX T. Rowe Price Dynamic Credit Fund	0.28%	9.74%	9.92%	4.72%	-0.76%	6.21%	2.71%	6.87%
TUIFX Toews Unconstrained Income Fund	0.27%	3.55%	4.53%	3.08%	-4.36%	-0.20%	2.58%	6.74%

Correlation

The correlation between RPIDX and TUIFX is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (All Time) Calculated using the full available price history since Jan 15, 2019	0.01

Return for Risk

RPIDX vs. TUIFX — Risk / Return Rank

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

RPIDX

RPIDX Risk / Return Rank: 75
RPIDX Sharpe Ratio Rank: 51
RPIDX Sortino Ratio Rank: 84
RPIDX Omega Ratio Rank: 75
RPIDX Calmar Ratio Rank: 93
RPIDX Martin Ratio Rank: 73

TUIFX

TUIFX Risk / Return Rank: 47
TUIFX Sharpe Ratio Rank: 33
TUIFX Sortino Ratio Rank: 36
TUIFX Omega Ratio Rank: 37
TUIFX Calmar Ratio Rank: 83
TUIFX Martin Ratio Rank: 43

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. TUIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Dynamic Credit Fund (RPIDX) and Toews Unconstrained Income Fund (TUIFX). 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	TUIFX	Difference
Sharpe ratio: Return per unit of total volatility	2.11	1.61	+0.49
Sortino ratio: Return per unit of downside risk	4.05	2.46	+1.59
Omega ratio: Gain probability vs. loss probability	1.49	1.32	+0.18
Calmar ratio: Return relative to maximum drawdown	5.25	3.83	+1.42
Martin ratio: Return relative to average drawdown	13.84	9.03	+4.81
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. TUIFX - Sharpe Ratio Comparison

The current RPIDX Sharpe Ratio is 2.11, which is higher than the TUIFX Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of RPIDX and TUIFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RPIDX	TUIFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	1.61	+0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.15	0.49	+0.66
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	0.76	+0.36

Drawdowns

RPIDX vs. TUIFX - Drawdown Comparison

The maximum RPIDX drawdown since its inception was -19.95%, which is greater than TUIFX's maximum drawdown of -7.37%. Use the drawdown chart below to compare losses from any high point for RPIDX and TUIFX.

Drawdown Indicators

	RPIDX	TUIFX	Difference
Max Drawdown Largest peak-to-trough decline	-19.95%	-7.37%	-12.58%
Max Drawdown (1Y) Largest decline over 1 year	-1.34%	-0.87%	-0.47%
Max Drawdown (3Y) Largest decline over 3 years	-3.17%	-1.64%	-1.53%
Max Drawdown (5Y) Largest decline over 5 years	-7.31%	-7.37%	+0.06%
Max Drawdown (10Y) Largest decline over 10 years	—	-7.37%	—
Current Drawdown Current decline from peak	-0.74%	-0.59%	-0.15%
Average Drawdown Average peak-to-trough decline	-1.87%	-2.07%	+0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.51%	0.37%	+0.14%

Volatility

RPIDX vs. TUIFX - Volatility Comparison

T. Rowe Price Dynamic Credit Fund (RPIDX) and Toews Unconstrained Income Fund (TUIFX) have volatilities of 0.65% and 0.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RPIDX	TUIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.65%	0.65%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	2.56%	1.30%	+1.26%
Volatility (1Y) Calculated over the trailing 1-year period	3.35%	2.06%	+1.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.83%	2.63%	+1.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.80%	2.69%	+2.11%

RPIDX vs. TUIFX - Expense Ratio Comparison

RPIDX has a 0.63% expense ratio, which is lower than TUIFX's 1.25% expense ratio.

Dividends

RPIDX vs. TUIFX - Dividend Comparison

RPIDX's dividend yield for the trailing twelve months is around 9.92%, more than TUIFX's 3.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RPIDX T. Rowe Price Dynamic Credit Fund	9.92%	9.91%	9.20%	6.64%	7.97%	5.34%	7.14%	4.41%	0.00%	0.00%	0.00%	0.00%
TUIFX Toews Unconstrained Income Fund	3.97%	4.17%	4.68%	4.09%	1.05%	2.13%	1.33%	2.44%	2.05%	4.34%	2.29%	1.19%

Frequently Asked Questions

Can I hold both RPIDX and TUIFX in my portfolio?

RPIDX and TUIFX have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RPIDX or TUIFX?

TUIFX has higher volatility (0.65%) compared to RPIDX (0.65%). In terms of maximum drawdown, RPIDX dropped -19.95% vs TUIFX's -7.37%.

Which has better risk-adjusted returns?

RPIDX currently has the higher Sharpe Ratio (2.11 vs 1.61), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.