RPLCX vs. TRBUX
Compare and contrast key facts about T. Rowe Price Institutional Long Duration Credit Fund (RPLCX) and T. Rowe Price Ultra Short-Term Bond Fund (TRBUX).
RPLCX is managed by T. Rowe Price. It was launched on Jun 2, 2013. TRBUX is managed by T. Rowe Price. It was launched on Dec 3, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RPLCX or TRBUX.
Key characteristics
| RPLCX | TRBUX | |
|---|---|---|
| YTD Return | 1.83% | 5.59% |
| 1Y Return | 15.98% | 7.09% |
| 3Y Return (Ann) | -7.51% | 3.55% |
| 5Y Return (Ann) | -1.77% | 2.93% |
| 10Y Return (Ann) | 1.98% | 2.42% |
| Sharpe Ratio | 1.26 | 4.14 |
| Sortino Ratio | 1.84 | 12.27 |
| Omega Ratio | 1.22 | 5.34 |
| Calmar Ratio | 0.44 | 35.60 |
| Martin Ratio | 4.38 | 73.62 |
| Ulcer Index | 3.20% | 0.10% |
| Daily Std Dev | 11.13% | 1.71% |
| Max Drawdown | -36.46% | -4.15% |
| Current Drawdown | -21.38% | 0.00% |
Correlation
The correlation between RPLCX and TRBUX is 0.28, 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
RPLCX vs. TRBUX - Performance Comparison
In the year-to-date period, RPLCX achieves a 1.83% return, which is significantly lower than TRBUX's 5.59% return. Over the past 10 years, RPLCX has underperformed TRBUX with an annualized return of 1.98%, while TRBUX has yielded a comparatively higher 2.42% annualized 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. TRBUX - Expense Ratio Comparison
RPLCX has a 0.45% expense ratio, which is higher than TRBUX's 0.31% expense ratio.
Risk-Adjusted Performance
RPLCX vs. TRBUX - 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 Ultra Short-Term Bond Fund (TRBUX). 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. TRBUX - Dividend Comparison
RPLCX's dividend yield for the trailing twelve months is around 5.30%, more than TRBUX's 5.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPLCX T. Rowe Price Institutional Long Duration Credit Fund | 5.30% | 4.91% | 4.78% | 3.58% | 10.64% | 4.11% | 4.10% | 3.52% | 3.79% | 4.12% | 3.91% | 1.96% |
TRBUX T. Rowe Price Ultra Short-Term Bond Fund | 5.02% | 4.02% | 1.97% | 1.11% | 1.83% | 2.72% | 2.58% | 1.88% | 1.20% | 0.80% | 0.42% | 0.06% |
Drawdowns
RPLCX vs. TRBUX - Drawdown Comparison
The maximum RPLCX drawdown since its inception was -36.46%, which is greater than TRBUX's maximum drawdown of -4.15%. Use the drawdown chart below to compare losses from any high point for RPLCX and TRBUX. For additional features, visit the drawdowns tool.
Volatility
RPLCX vs. TRBUX - Volatility Comparison
T. Rowe Price Institutional Long Duration Credit Fund (RPLCX) has a higher volatility of 3.44% compared to T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) at 0.41%. This indicates that RPLCX's price experiences larger fluctuations and is considered to be riskier than TRBUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.