RPSIX vs. PBDIX
Compare and contrast key facts about T. Rowe Price Spectrum Income Fund (RPSIX) and T. Rowe Price QM U.S. Bond Index Fund (PBDIX).
RPSIX is managed by T. Rowe Price. It was launched on Jun 28, 1990. PBDIX is managed by T. Rowe Price.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RPSIX or PBDIX.
Key characteristics
| RPSIX | PBDIX | |
|---|---|---|
| YTD Return | 5.49% | 5.48% |
| 1Y Return | 11.27% | 10.95% |
| 3Y Return (Ann) | 0.56% | -1.61% |
| 5Y Return (Ann) | 2.54% | 1.16% |
| 10Y Return (Ann) | 3.13% | 2.22% |
| Sharpe Ratio | 2.36 | 1.65 |
| Daily Std Dev | 4.69% | 6.49% |
| Max Drawdown | -16.70% | -18.58% |
| Current Drawdown | 0.00% | -5.31% |
Correlation
The correlation between RPSIX and PBDIX is 0.42, 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
RPSIX vs. PBDIX - Performance Comparison
The year-to-date returns for both stocks are quite close, with RPSIX having a 5.49% return and PBDIX slightly lower at 5.48%. Over the past 10 years, RPSIX has outperformed PBDIX with an annualized return of 3.13%, while PBDIX has yielded a comparatively lower 2.22% 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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RPSIX vs. PBDIX - Expense Ratio Comparison
RPSIX has a 0.62% expense ratio, which is higher than PBDIX's 0.23% expense ratio.
Risk-Adjusted Performance
RPSIX vs. PBDIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Spectrum Income Fund (RPSIX) and T. Rowe Price QM U.S. Bond Index Fund (PBDIX). 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
RPSIX vs. PBDIX - Dividend Comparison
RPSIX's dividend yield for the trailing twelve months is around 4.51%, more than PBDIX's 3.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPSIX T. Rowe Price Spectrum Income Fund | 4.51% | 4.25% | 4.93% | 3.92% | 3.64% | 3.79% | 4.73% | 3.91% | 3.77% | 4.72% | 4.39% | 4.91% |
PBDIX T. Rowe Price QM U.S. Bond Index Fund | 3.77% | 3.49% | 2.74% | 1.85% | 6.13% | 3.05% | 2.94% | 2.75% | 2.81% | 2.99% | 3.04% | 3.69% |
Drawdowns
RPSIX vs. PBDIX - Drawdown Comparison
The maximum RPSIX drawdown since its inception was -16.70%, smaller than the maximum PBDIX drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for RPSIX and PBDIX. For additional features, visit the drawdowns tool.
Volatility
RPSIX vs. PBDIX - Volatility Comparison
The current volatility for T. Rowe Price Spectrum Income Fund (RPSIX) is 0.74%, while T. Rowe Price QM U.S. Bond Index Fund (PBDIX) has a volatility of 1.01%. This indicates that RPSIX experiences smaller price fluctuations and is considered to be less risky than PBDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.