RPIFX vs. PREMX
Compare and contrast key facts about T. Rowe Price Institutional Floating Rate Fund (RPIFX) and T. Rowe Price Emerging Markets Bond Fund (PREMX).
RPIFX is managed by T. Rowe Price. It was launched on Jan 30, 2008. PREMX is managed by T. Rowe Price. It was launched on Dec 29, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RPIFX or PREMX.
Key characteristics
| RPIFX | PREMX | |
|---|---|---|
| YTD Return | 7.69% | 7.03% |
| 1Y Return | 10.51% | 16.44% |
| 3Y Return (Ann) | 6.55% | -0.53% |
| 5Y Return (Ann) | 5.65% | 1.03% |
| 10Y Return (Ann) | 4.82% | 2.48% |
| Sharpe Ratio | 3.84 | 2.84 |
| Sortino Ratio | 12.82 | 4.63 |
| Omega Ratio | 4.07 | 1.58 |
| Calmar Ratio | 14.23 | 0.89 |
| Martin Ratio | 81.15 | 15.73 |
| Ulcer Index | 0.13% | 1.02% |
| Daily Std Dev | 2.74% | 5.64% |
| Max Drawdown | -22.53% | -45.00% |
| Current Drawdown | 0.00% | -4.08% |
Correlation
The correlation between RPIFX and PREMX is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
RPIFX vs. PREMX - Performance Comparison
In the year-to-date period, RPIFX achieves a 7.69% return, which is significantly higher than PREMX's 7.03% return. Over the past 10 years, RPIFX has outperformed PREMX with an annualized return of 4.82%, while PREMX has yielded a comparatively lower 2.48% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RPIFX vs. PREMX - Expense Ratio Comparison
RPIFX has a 0.57% expense ratio, which is lower than PREMX's 0.99% expense ratio.
Risk-Adjusted Performance
RPIFX vs. PREMX - 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 Emerging Markets Bond Fund (PREMX). 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. PREMX - Dividend Comparison
RPIFX's dividend yield for the trailing twelve months is around 8.67%, more than PREMX's 5.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPIFX T. Rowe Price Institutional Floating Rate Fund | 8.67% | 8.66% | 5.51% | 3.95% | 4.30% | 5.12% | 5.17% | 4.32% | 4.32% | 4.46% | 4.37% | 4.21% |
PREMX T. Rowe Price Emerging Markets Bond Fund | 5.39% | 5.11% | 5.22% | 4.64% | 4.55% | 5.14% | 5.29% | 6.29% | 6.45% | 6.58% | 6.00% | 5.68% |
Drawdowns
RPIFX vs. PREMX - Drawdown Comparison
The maximum RPIFX drawdown since its inception was -22.53%, smaller than the maximum PREMX drawdown of -45.00%. Use the drawdown chart below to compare losses from any high point for RPIFX and PREMX. For additional features, visit the drawdowns tool.
Volatility
RPIFX vs. PREMX - Volatility Comparison
The current volatility for T. Rowe Price Institutional Floating Rate Fund (RPIFX) is 0.83%, while T. Rowe Price Emerging Markets Bond Fund (PREMX) has a volatility of 1.81%. This indicates that RPIFX experiences smaller price fluctuations and is considered to be less risky than PREMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.