Correlation
The correlation between RPIFX and VCIT is 0.26, 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.
RPIFX vs. VCIT
Compare and contrast key facts about T. Rowe Price Institutional Floating Rate Fund (RPIFX) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT).
RPIFX is managed by T. Rowe Price. It was launched on Jan 30, 2008. VCIT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5-10 Year Corp Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RPIFX or VCIT.
Performance
RPIFX vs. VCIT - Performance Comparison
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Key characteristics
RPIFX:
2.57
VCIT:
1.19
RPIFX:
4.91
VCIT:
1.55
RPIFX:
2.12
VCIT:
1.19
RPIFX:
3.24
VCIT:
0.64
RPIFX:
15.96
VCIT:
3.58
RPIFX:
0.46%
VCIT:
1.69%
RPIFX:
2.89%
VCIT:
5.58%
RPIFX:
-22.53%
VCIT:
-20.56%
RPIFX:
-0.11%
VCIT:
-2.95%
Returns By Period
In the year-to-date period, RPIFX achieves a 1.45% return, which is significantly lower than VCIT's 2.35% return. Over the past 10 years, RPIFX has outperformed VCIT with an annualized return of 4.85%, while VCIT has yielded a comparatively lower 2.78% annualized return.
RPIFX
1.45%
1.58%
2.67%
7.39%
8.73%
7.11%
4.85%
VCIT
2.35%
0.11%
2.17%
6.38%
3.57%
0.83%
2.78%
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RPIFX vs. VCIT - Expense Ratio Comparison
RPIFX has a 0.57% expense ratio, which is higher than VCIT's 0.04% expense ratio.
Risk-Adjusted Performance
RPIFX vs. VCIT — Risk-Adjusted Performance Rank
RPIFX
VCIT
RPIFX vs. VCIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Institutional Floating Rate Fund (RPIFX) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT). 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.
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Dividends
RPIFX vs. VCIT - Dividend Comparison
RPIFX's dividend yield for the trailing twelve months is around 7.99%, more than VCIT's 4.51% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPIFX T. Rowe Price Institutional Floating Rate Fund | 7.99% | 8.44% | 8.66% | 5.51% | 3.95% | 4.30% | 5.12% | 5.17% | 4.32% | 4.32% | 4.46% | 4.37% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.51% | 4.43% | 3.72% | 3.04% | 2.88% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% | 3.34% |
Drawdowns
RPIFX vs. VCIT - Drawdown Comparison
The maximum RPIFX drawdown since its inception was -22.53%, which is greater than VCIT's maximum drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for RPIFX and VCIT.
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Volatility
RPIFX vs. VCIT - Volatility Comparison
The current volatility for T. Rowe Price Institutional Floating Rate Fund (RPIFX) is 0.59%, while Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a volatility of 1.48%. This indicates that RPIFX experiences smaller price fluctuations and is considered to be less risky than VCIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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