RPIHX vs. FSHGX
RPIHX (T. Rowe Price Global High Income Bond Fund) and FSHGX (Fidelity SAI High Income Fund) are both High Yield Bonds funds. Over the past 5 years, RPIHX returned 6.29%/yr vs 4.15%/yr for FSHGX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. RPIHX charges 0.75%/yr vs 0.60%/yr for FSHGX.
Performance
RPIHX vs. FSHGX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RPIHX achieves a 1.90% return, which is significantly lower than FSHGX's 2.59% return.
RPIHX
- 1D
- 0.12%
- 1M
- -0.69%
- 6M
- 1.25%
- YTD
- 1.90%
- 1Y
- 5.48%
- 3Y*
- 12.39%
- 5Y*
- 6.29%
- 10Y*
- 6.58%
- ALL TIME*
- 7.31%
FSHGX
- 1D
- 0.21%
- 1M
- -1.05%
- 6M
- 1.67%
- YTD
- 2.59%
- 1Y
- 7.23%
- 3Y*
- 9.15%
- 5Y*
- 4.15%
- 10Y*
- —
- ALL TIME*
- 4.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RPIHX vs. FSHGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RPIHX T. Rowe Price Global High Income Bond Fund | 1.90% | 11.06% | 14.81% | 20.60% | -13.09% | 1.23% |
FSHGX Fidelity SAI High Income Fund | 2.59% | 10.26% | 9.79% | 10.82% | -12.03% | 2.72% |
Correlation
The correlation between RPIHX and FSHGX is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (All Time) Calculated using the full available price history since May 18, 2021 | 0.76 |
The correlation between RPIHX and FSHGX has been stable across timeframes, ranging from 0.69 to 0.77 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RPIHX vs. FSHGX — Risk / Return Rank
RPIHX
FSHGX
RPIHX vs. FSHGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Global High Income Bond Fund (RPIHX) and Fidelity SAI High Income Fund (FSHGX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RPIHX | FSHGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.47 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 3.24 | -1.35 |
| Martin ratioReturn relative to average drawdown | 8.48 | 14.19 | -5.71 |
Loading charts...
Drawdowns
RPIHX vs. FSHGX - Drawdown Comparison
The maximum RPIHX drawdown since its inception was -23.77%, which is greater than FSHGX's maximum drawdown of -15.77%. Use the drawdown chart below to compare losses from any high point for RPIHX and FSHGX.
Loading charts...
Drawdown Indicators
| RPIHX | FSHGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.77% | -15.77% | -8.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -2.31% | -0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -3.27% | -3.92% | +0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -19.25% | -15.77% | -3.48% |
Max Drawdown (10Y)Largest decline over 10 years | -23.77% | — | — |
Current DrawdownCurrent decline from peak | -0.80% | -1.17% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -2.56% | -3.72% | +1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 0.52% | +0.13% |
Volatility
RPIHX vs. FSHGX - Volatility Comparison
The current volatility for T. Rowe Price Global High Income Bond Fund (RPIHX) is 0.44%, while Fidelity SAI High Income Fund (FSHGX) has a volatility of 0.58%. This indicates that RPIHX experiences smaller price fluctuations and is considered to be less risky than FSHGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RPIHX | FSHGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 0.58% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.36% | 2.76% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.07% | 3.46% | -0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.52% | 5.27% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.37% | 5.18% | +0.19% |
RPIHX vs. FSHGX - Expense Ratio Comparison
RPIHX has a 0.75% expense ratio, which is higher than FSHGX's 0.60% expense ratio.
Dividends
RPIHX vs. FSHGX - Dividend Comparison
RPIHX's dividend yield for the trailing twelve months is around 6.78%, more than FSHGX's 5.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FSHGX Fidelity SAI High Income Fund | 5.94% | 6.34% | 6.15% | 5.47% | 3.99% | 2.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RPIHX T. Rowe Price Global High Income Bond Fund | 6.78% | 8.08% | 12.15% | 11.87% | 8.56% | 5.42% | 5.37% | 6.43% | 7.34% | 6.29% | 6.20% |
Frequently Asked Questions
RPIHX and FSHGX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSHGX has higher volatility (0.58%) compared to RPIHX (0.44%). In terms of maximum drawdown, RPIHX dropped -23.77% vs FSHGX's -15.77%.
FSHGX currently has the higher Sharpe Ratio (2.16 vs 1.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for RPIHX and FSHGX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer