SLQD vs. RPIDX
SLQD (iShares 0-5 Year Investment Grade Corporate Bond ETF) and RPIDX (T. Rowe Price Dynamic Credit Fund) are both funds - SLQD is a Corporate Bonds fund tracking the Markit iBoxx USD Liquid Investment Grade 0-5 Index, while RPIDX is a Nontraditional Bonds fund managed by T. Rowe Price. Over the past 5 years, SLQD returned 2.48%/yr vs 4.43%/yr for RPIDX. At a 0.02 correlation, their price movements are largely independent. SLQD charges 0.06%/yr vs 0.63%/yr for RPIDX.
Performance
SLQD vs. RPIDX - Performance Comparison
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Returns By Period
In the year-to-date period, SLQD achieves a 0.73% return, which is significantly higher than RPIDX's 0.51% return.
SLQD
- 1D
- 0.05%
- 1M
- -0.12%
- YTD
- 0.73%
- 6M
- 1.17%
- 1Y
- 4.49%
- 3Y*
- 5.41%
- 5Y*
- 2.48%
- 10Y*
- 2.63%
RPIDX
- 1D
- 0.23%
- 1M
- -0.05%
- YTD
- 0.51%
- 6M
- 1.56%
- 1Y
- 7.39%
- 3Y*
- 7.87%
- 5Y*
- 4.43%
- 10Y*
- —
SLQD vs. RPIDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 0.73% | 6.27% | 4.94% | 5.98% | -4.38% | -0.61% | 4.76% | 5.96% |
RPIDX T. Rowe Price Dynamic Credit Fund | 0.51% | 9.74% | 9.92% | 4.72% | -0.76% | 6.21% | 2.71% | 6.87% |
Correlation
The correlation between SLQD and RPIDX is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2019 | 0.02 |
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Return for Risk
SLQD vs. RPIDX — Risk / Return Rank
SLQD
RPIDX
SLQD vs. RPIDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) and T. Rowe Price Dynamic Credit Fund (RPIDX). 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.
| SLQD | RPIDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.54 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 5.62 | -1.38 |
| Martin ratioReturn relative to average drawdown | 19.25 | 14.72 | +4.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SLQD | RPIDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.04 | 2.26 | +0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 1.16 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 1.12 | -0.28 |
Drawdowns
SLQD vs. RPIDX - Drawdown Comparison
The maximum SLQD drawdown since its inception was -12.69%, smaller than the maximum RPIDX drawdown of -19.95%. Use the drawdown chart below to compare losses from any high point for SLQD and RPIDX.
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Drawdown Indicators
| SLQD | RPIDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.69% | -19.95% | +7.26% |
Max Drawdown (1Y)Largest decline over 1 year | -1.06% | -1.34% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -1.06% | -3.17% | +2.11% |
Max Drawdown (5Y)Largest decline over 5 years | -7.63% | -7.31% | -0.32% |
Max Drawdown (10Y)Largest decline over 10 years | -12.69% | — | — |
Current DrawdownCurrent decline from peak | -0.24% | -0.51% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -0.87% | -1.87% | +1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 0.51% | -0.28% |
Volatility
SLQD vs. RPIDX - Volatility Comparison
The current volatility for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is 0.51%, while T. Rowe Price Dynamic Credit Fund (RPIDX) has a volatility of 0.70%. This indicates that SLQD experiences smaller price fluctuations and is considered to be less risky than RPIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLQD | RPIDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 0.70% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 1.12% | 2.57% | -1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.49% | 3.34% | -1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.44% | 3.83% | -1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.14% | 4.79% | -1.65% |
SLQD vs. RPIDX - Expense Ratio Comparison
SLQD has a 0.06% expense ratio, which is lower than RPIDX's 0.63% expense ratio.
Dividends
SLQD vs. RPIDX - Dividend Comparison
SLQD's dividend yield for the trailing twelve months is around 4.33%, less than RPIDX's 9.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPIDX T. Rowe Price Dynamic Credit Fund | 9.89% | 9.91% | 9.20% | 6.64% | 7.97% | 5.34% | 7.14% | 4.41% | 0.00% | 0.00% | 0.00% | 0.00% |
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 4.33% | 4.15% | 3.71% | 2.99% | 2.00% | 1.67% | 2.34% | 2.89% | 2.55% | 1.98% | 1.81% | 1.43% |
Frequently Asked Questions
SLQD and RPIDX have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RPIDX has higher volatility (0.70%) compared to SLQD (0.51%). In terms of maximum drawdown, SLQD dropped -12.69% vs RPIDX's -19.95%.
SLQD currently has the higher Sharpe Ratio (3.04 vs 2.26), 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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