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.
Correlation
The correlation between RPIFX and VCIT is 0.10, 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
Key characteristics
RPIFX:
4.88
VCIT:
0.93
RPIFX:
19.16
VCIT:
1.33
RPIFX:
5.39
VCIT:
1.16
RPIFX:
22.25
VCIT:
0.45
RPIFX:
123.60
VCIT:
2.78
RPIFX:
0.13%
VCIT:
1.78%
RPIFX:
3.38%
VCIT:
5.35%
RPIFX:
-22.53%
VCIT:
-20.56%
RPIFX:
-0.11%
VCIT:
-4.59%
Returns By Period
Over the past 10 years, RPIFX has outperformed VCIT with an annualized return of 8.95%, while VCIT has yielded a comparatively lower 2.46% annualized return.
RPIFX
0.00%
0.65%
5.87%
15.59%
11.50%
8.95%
VCIT
0.62%
0.42%
1.11%
4.40%
0.48%
2.46%
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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.
Dividends
RPIFX vs. VCIT - Dividend Comparison
RPIFX's dividend yield for the trailing twelve months is around 14.09%, more than VCIT's 4.40% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPIFX T. Rowe Price Institutional Floating Rate Fund | 14.09% | 14.83% | 17.33% | 11.02% | 6.62% | 8.59% | 9.85% | 9.11% | 5.04% | 4.32% | 4.46% | 4.37% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.40% | 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. 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 0.70%, while Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a volatility of 1.57%. 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.