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TMSRX vs. RPIDX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TMSRX and RPIDX is 0.31, 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.


-0.50.00.51.00.3

Performance

TMSRX vs. RPIDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Multi-Strategy Total Return Fund (TMSRX) and T. Rowe Price Dynamic Credit Fund (RPIDX). The values are adjusted to include any dividend payments, if applicable.

10.00%12.00%14.00%16.00%18.00%JulyAugustSeptemberOctoberNovemberDecember
9.56%
16.11%
TMSRX
RPIDX

Key characteristics

Sharpe Ratio

TMSRX:

-0.21

RPIDX:

2.26

Sortino Ratio

TMSRX:

-0.18

RPIDX:

3.94

Omega Ratio

TMSRX:

0.94

RPIDX:

1.48

Calmar Ratio

TMSRX:

-0.16

RPIDX:

1.19

Martin Ratio

TMSRX:

-1.23

RPIDX:

19.19

Ulcer Index

TMSRX:

1.13%

RPIDX:

0.38%

Daily Std Dev

TMSRX:

6.82%

RPIDX:

3.19%

Max Drawdown

TMSRX:

-12.76%

RPIDX:

-19.95%

Current Drawdown

TMSRX:

-8.92%

RPIDX:

-0.78%

Returns By Period

In the year-to-date period, TMSRX achieves a -1.72% return, which is significantly lower than RPIDX's 6.18% return.


TMSRX

YTD

-1.72%

1M

-5.86%

6M

-5.77%

1Y

-1.51%

5Y*

0.66%

10Y*

N/A

RPIDX

YTD

6.18%

1M

-0.22%

6M

3.91%

1Y

7.33%

5Y*

1.90%

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


TMSRX vs. RPIDX - Expense Ratio Comparison

TMSRX has a 1.19% expense ratio, which is higher than RPIDX's 0.63% expense ratio.


TMSRX
T. Rowe Price Multi-Strategy Total Return Fund
Expense ratio chart for TMSRX: current value at 1.19% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.19%
Expense ratio chart for RPIDX: current value at 0.63% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.63%

Risk-Adjusted Performance

TMSRX vs. RPIDX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Multi-Strategy Total Return Fund (TMSRX) 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.


Sharpe ratio
The chart of Sharpe ratio for TMSRX, currently valued at -0.21, compared to the broader market-1.000.001.002.003.004.00-0.212.26
The chart of Sortino ratio for TMSRX, currently valued at -0.18, compared to the broader market-2.000.002.004.006.008.0010.00-0.183.94
The chart of Omega ratio for TMSRX, currently valued at 0.94, compared to the broader market0.501.001.502.002.503.003.500.941.48
The chart of Calmar ratio for TMSRX, currently valued at -0.16, compared to the broader market0.005.0010.0015.00-0.161.19
The chart of Martin ratio for TMSRX, currently valued at -1.23, compared to the broader market0.0020.0040.0060.00-1.2319.19
TMSRX
RPIDX

The current TMSRX Sharpe Ratio is -0.21, which is lower than the RPIDX Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of TMSRX and RPIDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
-0.21
2.26
TMSRX
RPIDX

Dividends

TMSRX vs. RPIDX - Dividend Comparison

TMSRX has not paid dividends to shareholders, while RPIDX's dividend yield for the trailing twelve months is around 6.13%.


TTM202320222021202020192018
TMSRX
T. Rowe Price Multi-Strategy Total Return Fund
0.00%5.95%1.49%0.50%0.85%2.59%1.94%
RPIDX
T. Rowe Price Dynamic Credit Fund
6.13%5.87%3.87%3.47%4.15%4.03%0.00%

Drawdowns

TMSRX vs. RPIDX - Drawdown Comparison

The maximum TMSRX drawdown since its inception was -12.76%, smaller than the maximum RPIDX drawdown of -19.95%. Use the drawdown chart below to compare losses from any high point for TMSRX and RPIDX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-8.92%
-0.78%
TMSRX
RPIDX

Volatility

TMSRX vs. RPIDX - Volatility Comparison

T. Rowe Price Multi-Strategy Total Return Fund (TMSRX) has a higher volatility of 6.48% compared to T. Rowe Price Dynamic Credit Fund (RPIDX) at 0.43%. This indicates that TMSRX's price experiences larger fluctuations and is considered to be riskier than RPIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
6.48%
0.43%
TMSRX
RPIDX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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