TAGG vs. PBDIX
Compare and contrast key facts about T. Rowe Price QM U.S. Bond ETF (TAGG) and T. Rowe Price QM U.S. Bond Index Fund (PBDIX).
TAGG is an actively managed fund by T. Rowe Price. It was launched on Sep 28, 2021. 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: TAGG or PBDIX.
Correlation
The correlation between TAGG and PBDIX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TAGG vs. PBDIX - Performance Comparison
Key characteristics
TAGG:
0.61
PBDIX:
0.48
TAGG:
0.89
PBDIX:
0.73
TAGG:
1.11
PBDIX:
1.09
TAGG:
0.30
PBDIX:
0.19
TAGG:
1.56
PBDIX:
1.23
TAGG:
2.12%
PBDIX:
2.16%
TAGG:
5.45%
PBDIX:
5.48%
TAGG:
-17.25%
PBDIX:
-19.26%
TAGG:
-6.41%
PBDIX:
-9.85%
Returns By Period
In the year-to-date period, TAGG achieves a 0.35% return, which is significantly higher than PBDIX's -0.32% return.
TAGG
0.35%
1.45%
-1.45%
4.23%
N/A
N/A
PBDIX
-0.32%
0.96%
-1.97%
3.52%
-0.46%
1.38%
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TAGG vs. PBDIX - Expense Ratio Comparison
TAGG has a 0.08% expense ratio, which is lower than PBDIX's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
TAGG vs. PBDIX — Risk-Adjusted Performance Rank
TAGG
PBDIX
TAGG vs. PBDIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price QM U.S. Bond ETF (TAGG) 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
TAGG vs. PBDIX - Dividend Comparison
TAGG's dividend yield for the trailing twelve months is around 4.36%, more than PBDIX's 3.82% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TAGG T. Rowe Price QM U.S. Bond ETF | 4.36% | 4.36% | 3.48% | 3.68% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PBDIX T. Rowe Price QM U.S. Bond Index Fund | 3.82% | 4.11% | 3.49% | 2.74% | 1.85% | 4.85% | 2.92% | 2.94% | 2.75% | 2.78% | 2.90% | 2.86% |
Drawdowns
TAGG vs. PBDIX - Drawdown Comparison
The maximum TAGG drawdown since its inception was -17.25%, smaller than the maximum PBDIX drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for TAGG and PBDIX. For additional features, visit the drawdowns tool.
Volatility
TAGG vs. PBDIX - Volatility Comparison
T. Rowe Price QM U.S. Bond ETF (TAGG) and T. Rowe Price QM U.S. Bond Index Fund (PBDIX) have volatilities of 1.41% and 1.36%, 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.