RPLCX vs. TRBFX
Compare and contrast key facts about T. Rowe Price Institutional Long Duration Credit Fund (RPLCX) and T. Rowe Price Limited Duration Inflation Focused Bond Fund (TRBFX).
RPLCX is managed by T. Rowe Price. It was launched on Jun 2, 2013. TRBFX is managed by T. Rowe Price. It was launched on Sep 28, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RPLCX or TRBFX.
Key characteristics
| RPLCX | TRBFX | |
|---|---|---|
| YTD Return | 1.57% | 4.29% |
| 1Y Return | 15.19% | 6.61% |
| 3Y Return (Ann) | -7.03% | 1.45% |
| 5Y Return (Ann) | -1.93% | 3.05% |
| Sharpe Ratio | 1.43 | 1.11 |
| Sortino Ratio | 2.08 | 1.65 |
| Omega Ratio | 1.25 | 1.41 |
| Calmar Ratio | 0.49 | 1.11 |
| Martin Ratio | 4.88 | 4.30 |
| Ulcer Index | 3.22% | 1.54% |
| Daily Std Dev | 11.01% | 5.95% |
| Max Drawdown | -36.46% | -7.33% |
| Current Drawdown | -21.58% | -0.99% |
Correlation
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.
Performance
RPLCX vs. TRBFX - Performance Comparison
In the year-to-date period, RPLCX achieves a 1.57% return, which is significantly lower than TRBFX's 4.29% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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.
Dividends
RPLCX vs. TRBFX - Dividend Comparison
RPLCX's dividend yield for the trailing twelve months is around 5.32%, more than TRBFX's 4.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPLCX T. Rowe Price Institutional Long Duration Credit Fund | 5.32% | 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 | 4.61% | 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.
Volatility
RPLCX vs. TRBFX - Volatility Comparison
T. Rowe Price Institutional Long Duration Credit Fund (RPLCX) has a higher volatility of 3.44% compared to T. Rowe Price Limited Duration Inflation Focused Bond Fund (TRBFX) at 0.71%. 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.