RPIEX vs. KAMIX
RPIEX (T. Rowe Price Dynamic Global Bond Fund) and KAMIX (Kensington Managed Income Fund) are both Nontraditional Bonds funds. Over the past 3 years, RPIEX returned 4.46%/yr vs 5.24%/yr for KAMIX. At a correlation of -0.09, they often move in opposite directions. RPIEX charges 0.71%/yr vs 1.36%/yr for KAMIX.
Performance
RPIEX vs. KAMIX - Performance Comparison
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Returns By Period
In the year-to-date period, RPIEX achieves a 3.29% return, which is significantly higher than KAMIX's 1.82% return.
RPIEX
- 1D
- 0.00%
- 1M
- 1.00%
- YTD
- 3.29%
- 6M
- 4.66%
- 1Y
- 6.04%
- 3Y*
- 4.46%
- 5Y*
- 2.23%
- 10Y*
- 2.32%
KAMIX
- 1D
- -0.10%
- 1M
- 0.62%
- YTD
- 1.82%
- 6M
- 1.99%
- 1Y
- 6.22%
- 3Y*
- 5.24%
- 5Y*
- —
- 10Y*
- —
RPIEX vs. KAMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RPIEX T. Rowe Price Dynamic Global Bond Fund | 3.29% | 4.82% | 6.83% | -4.51% | -1.53% |
KAMIX Kensington Managed Income Fund | 1.82% | 4.32% | 4.38% | 3.96% | -2.13% |
Correlation
The correlation between RPIEX and KAMIX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2022 | -0.09 |
The correlation between RPIEX and KAMIX shifts across timeframes, from -0.09 (all time) to 0.11 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RPIEX vs. KAMIX — Risk / Return Rank
RPIEX
KAMIX
RPIEX vs. KAMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Dynamic Global Bond Fund (RPIEX) and Kensington Managed Income Fund (KAMIX). 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.
| RPIEX | KAMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.41 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 2.53 | -0.90 |
| Martin ratioReturn relative to average drawdown | 5.49 | 11.39 | -5.90 |
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Drawdowns
RPIEX vs. KAMIX - Drawdown Comparison
The maximum RPIEX drawdown since its inception was -9.59%, which is greater than KAMIX's maximum drawdown of -6.11%. Use the drawdown chart below to compare losses from any high point for RPIEX and KAMIX.
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Drawdown Indicators
| RPIEX | KAMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.59% | -6.11% | -3.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.64% | -2.55% | -1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -3.64% | -4.35% | +0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -9.59% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -9.59% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | -0.20% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -2.46% | -2.13% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.57% | +0.51% |
Volatility
RPIEX vs. KAMIX - Volatility Comparison
T. Rowe Price Dynamic Global Bond Fund (RPIEX) and Kensington Managed Income Fund (KAMIX) have volatilities of 1.03% and 0.99%, 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.
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Volatility by Period
| RPIEX | KAMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 0.99% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.88% | 2.56% | +1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.40% | 3.16% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.91% | 3.81% | +1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.19% | 3.81% | +0.38% |
RPIEX vs. KAMIX - Expense Ratio Comparison
RPIEX has a 0.71% expense ratio, which is lower than KAMIX's 1.36% expense ratio.
Dividends
RPIEX vs. KAMIX - Dividend Comparison
RPIEX's dividend yield for the trailing twelve months is around 7.51%, more than KAMIX's 5.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
KAMIX Kensington Managed Income Fund | 5.59% | 4.57% | 5.60% | 4.15% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RPIEX T. Rowe Price Dynamic Global Bond Fund | 7.51% | 7.69% | 6.32% | 4.68% | 15.28% | 3.76% | 1.93% | 2.51% | 4.36% | 0.61% | 2.72% |
Frequently Asked Questions
RPIEX and KAMIX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RPIEX has higher volatility (1.03%) compared to KAMIX (0.99%). In terms of maximum drawdown, RPIEX dropped -9.59% vs KAMIX's -6.11%.
KAMIX currently has the higher Sharpe Ratio (2.05 vs 1.35), 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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