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RPLCX vs. TRBFX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

RPLCX vs. TRBFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Institutional Long Duration Credit Fund (RPLCX) and T. Rowe Price Limited Duration Inflation Focused Bond Fund (TRBFX). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
3.56%
3.20%
RPLCX
TRBFX

Returns By Period

In the year-to-date period, RPLCX achieves a -0.27% return, which is significantly lower than TRBFX's 4.42% return.


RPLCX

YTD

-0.27%

1M

-1.09%

6M

3.02%

1Y

9.56%

5Y (annualized)

-2.59%

10Y (annualized)

1.77%

TRBFX

YTD

4.42%

1M

-0.08%

6M

2.98%

1Y

6.29%

5Y (annualized)

3.07%

10Y (annualized)

N/A

Key characteristics


RPLCXTRBFX
Sharpe Ratio0.901.03
Sortino Ratio1.341.52
Omega Ratio1.161.38
Calmar Ratio0.321.09
Martin Ratio2.893.94
Ulcer Index3.36%1.54%
Daily Std Dev10.81%5.92%
Max Drawdown-36.46%-7.33%
Current Drawdown-23.00%-0.90%

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RPLCX vs. TRBFX - Expense Ratio Comparison

RPLCX has a 0.45% expense ratio, which is higher than TRBFX's 0.41% expense ratio.


RPLCX
T. Rowe Price Institutional Long Duration Credit Fund
Expense ratio chart for RPLCX: current value at 0.45% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.45%
Expense ratio chart for TRBFX: current value at 0.41% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.41%

Correlation

-0.50.00.51.00.4

The correlation between RPLCX and TRBFX is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Risk-Adjusted Performance

RPLCX vs. TRBFX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Institutional Long Duration Credit Fund (RPLCX) and T. Rowe Price Limited Duration Inflation Focused Bond Fund (TRBFX). 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.


Sharpe ratio
The chart of Sharpe ratio for RPLCX, currently valued at 0.90, compared to the broader market-1.000.001.002.003.004.005.000.901.03
The chart of Sortino ratio for RPLCX, currently valued at 1.34, compared to the broader market0.005.0010.001.341.52
The chart of Omega ratio for RPLCX, currently valued at 1.16, compared to the broader market1.002.003.004.001.161.38
The chart of Calmar ratio for RPLCX, currently valued at 0.32, compared to the broader market0.005.0010.0015.0020.0025.000.321.09
The chart of Martin ratio for RPLCX, currently valued at 2.89, compared to the broader market0.0020.0040.0060.0080.00100.002.893.94
RPLCX
TRBFX

The current RPLCX Sharpe Ratio is 0.90, which is comparable to the TRBFX Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of RPLCX and TRBFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.000.501.001.502.00JuneJulyAugustSeptemberOctoberNovember
0.90
1.03
RPLCX
TRBFX

Dividends

RPLCX vs. TRBFX - Dividend Comparison

RPLCX's dividend yield for the trailing twelve months is around 5.42%, more than TRBFX's 4.74% yield.


TTM20232022202120202019201820172016201520142013
RPLCX
T. Rowe Price Institutional Long Duration Credit Fund
5.42%4.91%4.78%3.58%10.64%4.11%4.10%3.52%3.79%4.12%3.91%1.96%
TRBFX
T. Rowe Price Limited Duration Inflation Focused Bond Fund
4.74%3.79%5.72%8.08%0.74%1.53%0.47%0.00%0.00%0.00%0.00%0.00%

Drawdowns

RPLCX vs. TRBFX - Drawdown Comparison

The maximum RPLCX drawdown since its inception was -36.46%, which is greater than TRBFX's maximum drawdown of -7.33%. Use the drawdown chart below to compare losses from any high point for RPLCX and TRBFX. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-23.00%
-0.90%
RPLCX
TRBFX

Volatility

RPLCX vs. TRBFX - Volatility Comparison

T. Rowe Price Institutional Long Duration Credit Fund (RPLCX) has a higher volatility of 3.08% compared to T. Rowe Price Limited Duration Inflation Focused Bond Fund (TRBFX) at 0.72%. This indicates that RPLCX's price experiences larger fluctuations and is considered to be riskier than TRBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%JuneJulyAugustSeptemberOctoberNovember
3.08%
0.72%
RPLCX
TRBFX