RPSIX vs. FTHRX
RPSIX (T. Rowe Price Spectrum Income Fund) and FTHRX (Fidelity Intermediate Bond Fund) are both mutual funds - RPSIX is a Multisector Bonds fund managed by T. Rowe Price, while FTHRX is a Intermediate Core Bond fund actively managed by Fidelity. Over the past 10 years, RPSIX returned 3.87%/yr vs 1.96%/yr for FTHRX. A 0.51 correlation means they provide meaningful diversification when combined. RPSIX charges 0.62%/yr vs 0.45%/yr for FTHRX.
Performance
RPSIX vs. FTHRX - Performance Comparison
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Returns By Period
In the year-to-date period, RPSIX achieves a 1.09% return, which is significantly higher than FTHRX's -0.14% return. Over the past 10 years, RPSIX has outperformed FTHRX with an annualized return of 3.87%, while FTHRX has yielded a comparatively lower 1.96% annualized return.
RPSIX
- 1D
- 0.00%
- 1M
- 0.64%
- YTD
- 1.09%
- 6M
- 2.14%
- 1Y
- 7.30%
- 3Y*
- 7.32%
- 5Y*
- 2.58%
- 10Y*
- 3.87%
FTHRX
- 1D
- 0.10%
- 1M
- 0.32%
- YTD
- -0.14%
- 6M
- 0.16%
- 1Y
- 3.12%
- 3Y*
- 4.54%
- 5Y*
- 1.04%
- 10Y*
- 1.96%
RPSIX vs. FTHRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RPSIX T. Rowe Price Spectrum Income Fund | 1.09% | 9.91% | 5.62% | 8.55% | -11.40% | 2.60% | 6.07% | 11.57% | -2.61% | 7.03% |
FTHRX Fidelity Intermediate Bond Fund | -0.14% | 6.89% | 3.25% | 5.55% | -9.17% | -1.60% | 7.06% | 7.20% | 0.52% | 2.31% |
Correlation
The correlation between RPSIX and FTHRX is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 1990 | 0.51 |
The correlation between RPSIX and FTHRX shifts across timeframes, from 0.51 (all time) to 0.77 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
RPSIX vs. FTHRX — Risk / Return Rank
RPSIX
FTHRX
RPSIX vs. FTHRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Spectrum Income Fund (RPSIX) and Fidelity Intermediate Bond Fund (FTHRX). 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.
| RPSIX | FTHRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.22 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 1.59 | +1.46 |
| Martin ratioReturn relative to average drawdown | 14.41 | 4.36 | +10.05 |
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Drawdowns
RPSIX vs. FTHRX - Drawdown Comparison
The maximum RPSIX drawdown since its inception was -16.73%, smaller than the maximum FTHRX drawdown of -19.01%. Use the drawdown chart below to compare losses from any high point for RPSIX and FTHRX.
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Drawdown Indicators
| RPSIX | FTHRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.73% | -19.01% | +2.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.54% | -2.11% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -4.92% | -2.68% | -2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -16.73% | -13.18% | -3.55% |
Max Drawdown (10Y)Largest decline over 10 years | -16.73% | -13.25% | -3.48% |
Current DrawdownCurrent decline from peak | -0.35% | -1.38% | +1.03% |
Average DrawdownAverage peak-to-trough decline | -1.69% | -3.06% | +1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.76% | -0.23% |
Volatility
RPSIX vs. FTHRX - Volatility Comparison
T. Rowe Price Spectrum Income Fund (RPSIX) and Fidelity Intermediate Bond Fund (FTHRX) have volatilities of 0.88% and 0.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RPSIX | FTHRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 0.88% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.37% | 2.08% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.08% | 2.79% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 4.04% | +0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.53% | 3.40% | +1.13% |
RPSIX vs. FTHRX - Expense Ratio Comparison
RPSIX has a 0.62% expense ratio, which is higher than FTHRX's 0.45% expense ratio.
Dividends
RPSIX vs. FTHRX - Dividend Comparison
RPSIX's dividend yield for the trailing twelve months is around 7.54%, more than FTHRX's 3.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTHRX Fidelity Intermediate Bond Fund | 3.70% | 3.59% | 3.49% | 2.94% | 1.55% | 1.53% | 4.16% | 2.49% | 2.48% | 2.20% | 2.63% | 2.13% |
RPSIX T. Rowe Price Spectrum Income Fund | 7.54% | 7.45% | 6.57% | 4.83% | 3.99% | 3.92% | 3.64% | 3.79% | 4.73% | 3.91% | 3.75% | 4.71% |
Frequently Asked Questions
RPSIX and FTHRX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTHRX has higher volatility (0.88%) compared to RPSIX (0.88%). In terms of maximum drawdown, RPSIX dropped -16.73% vs FTHRX's -19.01%.
RPSIX currently has the higher Sharpe Ratio (2.50 vs 1.20), 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.
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