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
Returns By Period
In the year-to-date period, RPIFX achieves a 7.91% return, which is significantly higher than VCIT's 3.31% return. Over the past 10 years, RPIFX has outperformed VCIT with an annualized return of 4.84%, while VCIT has yielded a comparatively lower 2.77% annualized return.
RPIFX
7.91%
1.00%
4.60%
10.63%
5.67%
4.84%
VCIT
3.31%
-0.79%
4.25%
8.55%
0.94%
2.77%
Key characteristics
| RPIFX | VCIT | |
|---|---|---|
| Sharpe Ratio | 3.84 | 1.56 |
| Sortino Ratio | 12.81 | 2.32 |
| Omega Ratio | 4.07 | 1.27 |
| Calmar Ratio | 14.23 | 0.68 |
| Martin Ratio | 81.34 | 6.07 |
| Ulcer Index | 0.13% | 1.45% |
| Daily Std Dev | 2.73% | 5.63% |
| Max Drawdown | -22.53% | -20.56% |
| Current Drawdown | 0.00% | -5.08% |
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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.
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.
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 8.65%, more than VCIT's 4.30% 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% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.30% | 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 1.63%. 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.