TNBMX vs. ANAZX
Compare and contrast key facts about T. Rowe Price International Bond Fund (USD Hedged) (TNBMX) and AB Global Bond Fund Class Z (ANAZX).
TNBMX is managed by T. Rowe Price. It was launched on Sep 11, 2017. ANAZX is managed by AllianceBernstein. It was launched on Oct 15, 2013.
Performance
TNBMX vs. ANAZX - Performance Comparison
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TNBMX vs. ANAZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNBMX T. Rowe Price International Bond Fund (USD Hedged) | -0.20% | 6.87% | 3.84% | 10.32% | -12.30% | -1.63% | 5.73% | 10.77% | 1.72% | 1.35% |
ANAZX AB Global Bond Fund Class Z | -0.85% | 6.42% | 2.70% | 5.99% | -12.17% | -2.14% | 5.13% | 7.84% | 0.38% | 0.27% |
Returns By Period
In the year-to-date period, TNBMX achieves a -0.20% return, which is significantly higher than ANAZX's -0.85% return.
TNBMX
- 1D
- 0.24%
- 1M
- -1.97%
- YTD
- -0.20%
- 6M
- 1.34%
- 1Y
- 6.09%
- 3Y*
- 5.79%
- 5Y*
- 1.41%
- 10Y*
- —
ANAZX
- 1D
- 0.15%
- 1M
- -2.28%
- YTD
- -0.85%
- 6M
- -0.33%
- 1Y
- 2.70%
- 3Y*
- 3.84%
- 5Y*
- 0.23%
- 10Y*
- 1.75%
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TNBMX vs. ANAZX - Expense Ratio Comparison
TNBMX has a 0.53% expense ratio, which is higher than ANAZX's 0.52% expense ratio.
Return for Risk
TNBMX vs. ANAZX — Risk / Return Rank
TNBMX
ANAZX
TNBMX vs. ANAZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price International Bond Fund (USD Hedged) (TNBMX) and AB Global Bond Fund Class Z (ANAZX). 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.
| TNBMX | ANAZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.32 | 0.90 | +1.42 |
Sortino ratioReturn per unit of downside risk | 3.57 | 1.31 | +2.27 |
Omega ratioGain probability vs. loss probability | 1.55 | 1.17 | +0.37 |
Calmar ratioReturn relative to maximum drawdown | 2.85 | 1.21 | +1.64 |
Martin ratioReturn relative to average drawdown | 12.61 | 4.88 | +7.73 |
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
| TNBMX | ANAZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 0.90 | +1.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.05 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.66 | +0.20 |
Correlation
The correlation between TNBMX and ANAZX is 0.77, 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.
Dividends
TNBMX vs. ANAZX - Dividend Comparison
TNBMX's dividend yield for the trailing twelve months is around 6.71%, more than ANAZX's 3.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TNBMX T. Rowe Price International Bond Fund (USD Hedged) | 6.71% | 6.29% | 3.15% | 2.85% | 10.20% | 2.84% | 1.90% | 4.65% | 8.20% | 0.64% | 0.00% | 0.00% |
ANAZX AB Global Bond Fund Class Z | 3.73% | 4.89% | 3.67% | 2.53% | 8.39% | 2.73% | 2.64% | 3.71% | 3.17% | 2.53% | 3.27% | 4.06% |
Drawdowns
TNBMX vs. ANAZX - Drawdown Comparison
The maximum TNBMX drawdown since its inception was -15.78%, smaller than the maximum ANAZX drawdown of -17.24%. Use the drawdown chart below to compare losses from any high point for TNBMX and ANAZX.
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Drawdown Indicators
| TNBMX | ANAZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.78% | -17.24% | +1.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.32% | -3.13% | +0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -15.48% | -17.24% | +1.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.24% | — |
Current DrawdownCurrent decline from peak | -2.09% | -2.56% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -3.42% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 0.77% | -0.25% |
Volatility
TNBMX vs. ANAZX - Volatility Comparison
The current volatility for T. Rowe Price International Bond Fund (USD Hedged) (TNBMX) is 1.15%, while AB Global Bond Fund Class Z (ANAZX) has a volatility of 1.49%. This indicates that TNBMX experiences smaller price fluctuations and is considered to be less risky than ANAZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TNBMX | ANAZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.49% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 1.80% | 2.18% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.71% | 3.43% | -0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.60% | 4.39% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.33% | 3.72% | -0.39% |