RPIEX vs. NTIIX
RPIEX (T. Rowe Price Dynamic Global Bond Fund) and NTIIX (Navigator Tactical Investment Grade Bond Fund) are both Nontraditional Bonds funds. Over the past 3 years, RPIEX returned 6.03%/yr vs 3.43%/yr for NTIIX. Their -0.35 correlation means they have often moved in opposite directions in the past. RPIEX charges 0.71%/yr vs 1.01%/yr for NTIIX.
Performance
RPIEX vs. NTIIX - Performance Comparison
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Returns By Period
In the year-to-date period, RPIEX achieves a 3.33% return, which is significantly higher than NTIIX's -0.55% return.
RPIEX
- 1D
- -0.13%
- 1M
- -0.92%
- 6M
- 2.43%
- YTD
- 3.33%
- 1Y
- 3.26%
- 3Y*
- 6.03%
- 5Y*
- 3.39%
- 10Y*
- 2.68%
- ALL TIME*
- 2.87%
NTIIX
- 1D
- 0.00%
- 1M
- 0.23%
- 6M
- -0.67%
- YTD
- -0.55%
- 1Y
- 1.73%
- 3Y*
- 3.43%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RPIEX vs. NTIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RPIEX T. Rowe Price Dynamic Global Bond Fund | 3.33% | 4.15% | 9.82% | -1.82% | 3.08% | -0.52% |
NTIIX Navigator Tactical Investment Grade Bond Fund | -0.55% | 2.16% | -0.85% | 9.79% | -6.51% | -2.29% |
Correlation
The correlation between RPIEX and NTIIX is -0.27, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.27 |
Correlation (3Y) Balances recent behavior with more history. | -0.30 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2021 | -0.35 |
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Return for Risk
RPIEX vs. NTIIX — Risk / Return Rank
RPIEX
NTIIX
RPIEX vs. NTIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Dynamic Global Bond Fund (RPIEX) and Navigator Tactical Investment Grade Bond Fund (NTIIX). 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 | NTIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.16 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 0.76 | +0.07 |
| Martin ratioReturn relative to average drawdown | 2.47 | 1.61 | +0.87 |
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Drawdowns
RPIEX vs. NTIIX - Drawdown Comparison
The maximum RPIEX drawdown since its inception was -7.84%, smaller than the maximum NTIIX drawdown of -12.35%. Use the drawdown chart below to compare losses from any high point for RPIEX and NTIIX.
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Drawdown Indicators
| RPIEX | NTIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.84% | -12.35% | +4.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.64% | -3.35% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -3.64% | -8.52% | +4.88% |
Max Drawdown (5Y)Largest decline over 5 years | -7.84% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -7.84% | — | — |
Current DrawdownCurrent decline from peak | -1.04% | -3.16% | +2.12% |
Average DrawdownAverage peak-to-trough decline | -1.98% | -5.10% | +3.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 1.58% | -0.37% |
Volatility
RPIEX vs. NTIIX - Volatility Comparison
T. Rowe Price Dynamic Global Bond Fund (RPIEX) has a higher volatility of 1.08% compared to Navigator Tactical Investment Grade Bond Fund (NTIIX) at 0.16%. This indicates that RPIEX's price experiences larger fluctuations and is considered to be riskier than NTIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RPIEX | NTIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 0.16% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 3.87% | 2.21% | +1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 3.50% | +0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.93% | 4.91% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.21% | 4.91% | -0.70% |
RPIEX vs. NTIIX - Expense Ratio Comparison
RPIEX has a 0.71% expense ratio, which is lower than NTIIX's 1.01% expense ratio.
Dividends
RPIEX vs. NTIIX - Dividend Comparison
RPIEX's dividend yield for the trailing twelve months is around 5.67%, more than NTIIX's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
NTIIX Navigator Tactical Investment Grade Bond Fund | 3.83% | 4.07% | 4.24% | 3.85% | 1.63% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RPIEX T. Rowe Price Dynamic Global Bond Fund | 5.67% | 7.07% | 9.06% | 7.53% | 15.28% | 3.76% | 1.93% | 2.51% | 4.36% | 0.61% | 2.72% |
Frequently Asked Questions
RPIEX and NTIIX have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RPIEX has higher volatility (1.08%) compared to NTIIX (0.16%). In terms of maximum drawdown, RPIEX dropped -7.84% vs NTIIX's -12.35%.
NTIIX currently has the higher Sharpe Ratio (0.73 vs 0.69), 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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