SDGIX vs. TNBMX
SDGIX (BNY Mellon Global Fixed Income Fund) and TNBMX (T. Rowe Price International Bond Fund (USD Hedged)) are both Global Bonds funds. Over the past 5 years, SDGIX returned 1.46%/yr vs 1.54%/yr for TNBMX. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.53% expense ratio.
Performance
SDGIX vs. TNBMX - Performance Comparison
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Returns By Period
In the year-to-date period, SDGIX achieves a 0.54% return, which is significantly lower than TNBMX's 0.97% return.
SDGIX
- 1D
- -0.24%
- 1M
- 0.79%
- YTD
- 0.54%
- 6M
- 0.63%
- 1Y
- 2.99%
- 3Y*
- 4.86%
- 5Y*
- 1.46%
- 10Y*
- 2.34%
TNBMX
- 1D
- -0.23%
- 1M
- 0.70%
- YTD
- 0.97%
- 6M
- 1.64%
- 1Y
- 4.27%
- 3Y*
- 5.71%
- 5Y*
- 1.54%
- 10Y*
- —
SDGIX vs. TNBMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDGIX BNY Mellon Global Fixed Income Fund | 0.54% | 4.63% | 4.86% | 7.80% | -9.34% | -1.47% | 8.07% | 8.32% | -0.79% | 0.50% |
TNBMX T. Rowe Price International Bond Fund (USD Hedged) | 0.97% | 5.25% | 5.00% | 10.32% | -12.30% | -1.63% | 5.73% | 10.77% | 1.72% | 1.35% |
Correlation
The correlation between SDGIX and TNBMX is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2017 | 0.74 |
The correlation between SDGIX and TNBMX shifts across timeframes, from 0.61 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SDGIX vs. TNBMX — Risk / Return Rank
SDGIX
TNBMX
SDGIX vs. TNBMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Global Fixed Income Fund (SDGIX) and T. Rowe Price International Bond Fund (USD Hedged) (TNBMX). 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.
| SDGIX | TNBMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.85 | -0.67 |
| Martin ratioReturn relative to average drawdown | 3.51 | 6.20 | -2.69 |
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Drawdowns
SDGIX vs. TNBMX - Drawdown Comparison
The maximum SDGIX drawdown since its inception was -14.53%, smaller than the maximum TNBMX drawdown of -15.78%. Use the drawdown chart below to compare losses from any high point for SDGIX and TNBMX.
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Drawdown Indicators
| SDGIX | TNBMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.53% | -15.78% | +1.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -2.32% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -3.92% | -2.32% | -1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -14.53% | -15.48% | +0.95% |
Max Drawdown (10Y)Largest decline over 10 years | -14.53% | — | — |
Current DrawdownCurrent decline from peak | -0.82% | -0.39% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -1.68% | -3.05% | +1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.69% | +0.22% |
Volatility
SDGIX vs. TNBMX - Volatility Comparison
BNY Mellon Global Fixed Income Fund (SDGIX) has a higher volatility of 0.90% compared to T. Rowe Price International Bond Fund (USD Hedged) (TNBMX) at 0.75%. This indicates that SDGIX's price experiences larger fluctuations and is considered to be riskier than TNBMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDGIX | TNBMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 0.75% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.43% | 2.18% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.12% | 2.58% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.95% | 3.63% | +0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.49% | 3.32% | +0.17% |
SDGIX vs. TNBMX - Expense Ratio Comparison
Both SDGIX and TNBMX have an expense ratio of 0.53%.
Dividends
SDGIX vs. TNBMX - Dividend Comparison
SDGIX's dividend yield for the trailing twelve months is around 3.27%, less than TNBMX's 4.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDGIX BNY Mellon Global Fixed Income Fund | 3.27% | 3.53% | 3.55% | 1.82% | 4.51% | 5.64% | 2.45% | 0.49% | 4.02% | 2.75% | 0.59% | 2.83% |
TNBMX T. Rowe Price International Bond Fund (USD Hedged) | 4.78% | 4.76% | 4.24% | 2.85% | 10.20% | 2.84% | 1.90% | 4.65% | 8.20% | 0.64% | 0.00% | 0.00% |
Frequently Asked Questions
SDGIX and TNBMX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDGIX has higher volatility (0.90%) compared to TNBMX (0.75%). In terms of maximum drawdown, SDGIX dropped -14.53% vs TNBMX's -15.78%.
TNBMX currently has the higher Sharpe Ratio (1.66 vs 1.03), 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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