RPSIX vs. TRBUX
Compare and contrast key facts about T. Rowe Price Spectrum Income Fund (RPSIX) and T. Rowe Price Ultra Short-Term Bond Fund (TRBUX).
RPSIX is managed by T. Rowe Price. It was launched on Jun 28, 1990. 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: RPSIX or TRBUX.
Key characteristics
| RPSIX | TRBUX | |
|---|---|---|
| YTD Return | 5.22% | 4.73% |
| 1Y Return | 10.77% | 7.23% |
| 3Y Return (Ann) | 0.39% | 3.51% |
| 5Y Return (Ann) | 2.53% | 3.02% |
| 10Y Return (Ann) | 3.11% | 2.44% |
| Sharpe Ratio | 2.32 | 4.34 |
| Daily Std Dev | 4.68% | 1.66% |
| Max Drawdown | -16.70% | -4.15% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between RPSIX and TRBUX is 0.29, 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
RPSIX vs. TRBUX - Performance Comparison
In the year-to-date period, RPSIX achieves a 5.22% return, which is significantly higher than TRBUX's 4.73% return. Over the past 10 years, RPSIX has outperformed TRBUX with an annualized return of 3.11%, while TRBUX has yielded a comparatively lower 2.44% 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. TRBUX - Expense Ratio Comparison
RPSIX has a 0.62% expense ratio, which is higher than TRBUX's 0.31% expense ratio.
Risk-Adjusted Performance
RPSIX vs. TRBUX - 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 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
RPSIX vs. TRBUX - Dividend Comparison
RPSIX's dividend yield for the trailing twelve months is around 4.52%, less than TRBUX's 4.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPSIX T. Rowe Price Spectrum Income Fund | 4.52% | 4.25% | 4.93% | 3.92% | 3.64% | 3.79% | 4.73% | 3.91% | 3.77% | 4.72% | 4.39% | 4.91% |
TRBUX T. Rowe Price Ultra Short-Term Bond Fund | 4.93% | 4.02% | 2.28% | 1.53% | 1.95% | 2.72% | 2.62% | 1.88% | 1.20% | 0.80% | 0.48% | 0.06% |
Drawdowns
RPSIX vs. TRBUX - Drawdown Comparison
The maximum RPSIX drawdown since its inception was -16.70%, which is greater than TRBUX's maximum drawdown of -4.15%. Use the drawdown chart below to compare losses from any high point for RPSIX and TRBUX. For additional features, visit the drawdowns tool.
Volatility
RPSIX vs. TRBUX - Volatility Comparison
T. Rowe Price Spectrum Income Fund (RPSIX) has a higher volatility of 0.72% compared to T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) at 0.38%. This indicates that RPSIX'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.