RPIDX vs. PDI
RPIDX (T. Rowe Price Dynamic Credit Fund) is Nontraditional Bonds fund managed by T. Rowe Price, while PDI (PIMCO Dynamic Income Fund) is a stock. Over the past 5 years, RPIDX returned 6.13%/yr vs 2.52%/yr for PDI. Their 0.02 correlation means their historical movements had little consistent relationship.
Performance
RPIDX vs. PDI - Performance Comparison
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Returns By Period
In the year-to-date period, RPIDX achieves a 0.15% return, which is significantly higher than PDI's -1.34% return.
RPIDX
- 1D
- 0.48%
- 1M
- -1.29%
- 6M
- -0.80%
- YTD
- 0.15%
- 1Y
- 2.23%
- 3Y*
- 9.67%
- 5Y*
- 6.13%
- 10Y*
- —
- ALL TIME*
- 6.23%
PDI
- 1D
- -0.68%
- 1M
- -2.92%
- 6M
- -5.41%
- YTD
- -1.34%
- 1Y
- -3.63%
- 3Y*
- 8.66%
- 5Y*
- 2.52%
- 10Y*
- 6.63%
- ALL TIME*
- 9.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $42.57M | $40.75M | $45.28M | |
| $0.00 | $0.00 | $0.00 |
RPIDX vs. PDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RPIDX T. Rowe Price Dynamic Credit Fund | 0.15% | 9.15% | 14.31% | 9.09% | -0.76% | 6.21% | 2.71% | 6.87% |
PDI PIMCO Dynamic Income Fund | -1.34% | 11.03% | 17.18% | 11.99% | -16.99% | 7.81% | -9.96% | 16.59% |
Correlation
The correlation between RPIDX and PDI is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2019 | 0.02 |
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Return for Risk
RPIDX vs. PDI — Risk / Return Rank
RPIDX
PDI
RPIDX vs. PDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Dynamic Credit Fund (RPIDX) and PIMCO Dynamic Income Fund (PDI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RPIDX | PDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.95 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | -0.32 | +1.34 |
| Martin ratioReturn relative to average drawdown | 3.28 | -0.61 | +3.90 |
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Drawdowns
RPIDX vs. PDI - Drawdown Comparison
The maximum RPIDX drawdown since its inception was -19.95%, smaller than the maximum PDI drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for RPIDX and PDI.
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Drawdown Indicators
| RPIDX | PDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.95% | -46.47% | +26.52% |
Max Drawdown (1Y)Largest decline over 1 year | -2.20% | -10.95% | +8.75% |
Max Drawdown (3Y)Largest decline over 3 years | -2.81% | -17.55% | +14.74% |
Max Drawdown (5Y)Largest decline over 5 years | -7.31% | -27.19% | +19.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.47% | — |
Current DrawdownCurrent decline from peak | -1.73% | -9.05% | +7.32% |
Average DrawdownAverage peak-to-trough decline | -1.77% | -6.23% | +4.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 5.78% | -5.10% |
Volatility
RPIDX vs. PDI - Volatility Comparison
The current volatility for T. Rowe Price Dynamic Credit Fund (RPIDX) is 1.24%, while PIMCO Dynamic Income Fund (PDI) has a volatility of 3.04%. This indicates that RPIDX experiences smaller price fluctuations and is considered to be less risky than PDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RPIDX | PDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 3.04% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 8.89% | -6.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.42% | 11.83% | -8.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.96% | 15.58% | -11.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.83% | 19.05% | -14.22% |
Dividends
RPIDX vs. PDI - Dividend Comparison
RPIDX's dividend yield for the trailing twelve months is around 7.54%, less than PDI's 16.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDI PIMCO Dynamic Income Fund | 16.54% | 14.94% | 14.43% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 18.70% |
RPIDX T. Rowe Price Dynamic Credit Fund | 7.54% | 9.39% | 13.10% | 10.72% | 7.97% | 5.34% | 7.14% | 4.41% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RPIDX and PDI have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDI has higher volatility (3.04%) compared to RPIDX (1.24%). In terms of maximum drawdown, RPIDX dropped -19.95% vs PDI's -46.47%.
RPIDX currently has the higher Sharpe Ratio (0.66 vs -0.30), 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.
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