RPIFX vs. PBDIX
Compare and contrast key facts about T. Rowe Price Institutional Floating Rate Fund (RPIFX) and T. Rowe Price QM U.S. Bond Index Fund (PBDIX).
RPIFX is managed by T. Rowe Price. It was launched on Jan 30, 2008. PBDIX is managed by T. Rowe Price.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RPIFX or PBDIX.
Performance
RPIFX vs. PBDIX - Performance Comparison
Returns By Period
In the year-to-date period, RPIFX achieves a 7.91% return, which is significantly higher than PBDIX's 1.61% return. Over the past 10 years, RPIFX has outperformed PBDIX with an annualized return of 4.84%, while PBDIX has yielded a comparatively lower 1.51% annualized return.
RPIFX
7.91%
1.00%
4.60%
10.63%
5.67%
4.84%
PBDIX
1.61%
-0.48%
3.29%
6.53%
-0.02%
1.51%
Key characteristics
| RPIFX | PBDIX | |
|---|---|---|
| Sharpe Ratio | 3.89 | 1.12 |
| Sortino Ratio | 13.07 | 1.66 |
| Omega Ratio | 4.20 | 1.20 |
| Calmar Ratio | 14.39 | 0.42 |
| Martin Ratio | 82.25 | 3.63 |
| Ulcer Index | 0.13% | 1.80% |
| Daily Std Dev | 2.73% | 5.84% |
| Max Drawdown | -22.53% | -19.26% |
| Current Drawdown | 0.00% | -9.54% |
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RPIFX vs. PBDIX - Expense Ratio Comparison
RPIFX has a 0.57% expense ratio, which is higher than PBDIX's 0.23% expense ratio.
Correlation
The correlation between RPIFX and PBDIX is 0.07, 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.
Risk-Adjusted Performance
RPIFX vs. PBDIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Institutional Floating Rate Fund (RPIFX) and T. Rowe Price QM U.S. Bond Index Fund (PBDIX). 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
RPIFX vs. PBDIX - Dividend Comparison
RPIFX's dividend yield for the trailing twelve months is around 8.65%, more than PBDIX's 4.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPIFX T. Rowe Price Institutional Floating Rate Fund | 8.65% | 8.66% | 5.51% | 3.95% | 4.30% | 5.12% | 5.17% | 4.32% | 4.32% | 4.46% | 4.37% | 4.21% |
PBDIX T. Rowe Price QM U.S. Bond Index Fund | 4.00% | 3.49% | 2.74% | 1.85% | 4.85% | 2.92% | 2.94% | 2.75% | 2.78% | 2.90% | 2.86% | 3.05% |
Drawdowns
RPIFX vs. PBDIX - Drawdown Comparison
The maximum RPIFX drawdown since its inception was -22.53%, which is greater than PBDIX's maximum drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for RPIFX and PBDIX. For additional features, visit the drawdowns tool.
Volatility
RPIFX vs. PBDIX - Volatility Comparison
The current volatility for T. Rowe Price Institutional Floating Rate Fund (RPIFX) is 0.81%, while T. Rowe Price QM U.S. Bond Index Fund (PBDIX) has a volatility of 1.46%. This indicates that RPIFX experiences smaller price fluctuations and is considered to be less risky than PBDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.