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.
Key characteristics
| RPIFX | VCIT | |
|---|---|---|
| YTD Return | 7.69% | 4.19% |
| 1Y Return | 10.51% | 12.52% |
| 3Y Return (Ann) | 6.55% | -1.04% |
| 5Y Return (Ann) | 5.65% | 1.30% |
| 10Y Return (Ann) | 4.82% | 2.88% |
| Sharpe Ratio | 3.84 | 2.01 |
| Sortino Ratio | 12.82 | 3.03 |
| Omega Ratio | 4.07 | 1.36 |
| Calmar Ratio | 14.23 | 0.79 |
| Martin Ratio | 81.15 | 8.76 |
| Ulcer Index | 0.13% | 1.34% |
| Daily Std Dev | 2.74% | 5.84% |
| Max Drawdown | -22.53% | -20.56% |
| Current Drawdown | 0.00% | -4.27% |
Correlation
The correlation between RPIFX and VCIT is 0.09, 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.
Performance
RPIFX vs. VCIT - Performance Comparison
In the year-to-date period, RPIFX achieves a 7.69% return, which is significantly higher than VCIT's 4.19% return. Over the past 10 years, RPIFX has outperformed VCIT with an annualized return of 4.82%, while VCIT has yielded a comparatively lower 2.88% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 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.
Dividends
RPIFX vs. VCIT - Dividend Comparison
RPIFX's dividend yield for the trailing twelve months is around 8.67%, more than VCIT's 4.26% 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% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.26% | 3.72% | 3.04% | 2.88% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% | 3.34% | 4.00% |
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. For additional features, visit the drawdowns tool.
Volatility
RPIFX vs. VCIT - Volatility Comparison
The current volatility for T. Rowe Price Institutional Floating Rate Fund (RPIFX) is 0.83%, while Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a volatility of 1.75%. 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.