Correlation
The correlation between TRHYX and TRBUX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
TRHYX vs. TRBUX
Compare and contrast key facts about T. Rowe Price Institutional High Yield Fund (TRHYX) and T. Rowe Price Ultra Short-Term Bond Fund (TRBUX).
TRHYX is managed by T. Rowe Price. It was launched on May 31, 2002. TRBUX is managed by T. Rowe Price. It was launched on Dec 3, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRHYX or TRBUX.
Performance
TRHYX vs. TRBUX - Performance Comparison
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Key characteristics
TRHYX:
2.41
TRBUX:
3.53
TRHYX:
3.41
TRBUX:
9.07
TRHYX:
1.54
TRBUX:
3.87
TRHYX:
2.35
TRBUX:
14.62
TRHYX:
9.85
TRBUX:
50.30
TRHYX:
0.90%
TRBUX:
0.12%
TRHYX:
3.90%
TRBUX:
1.65%
TRHYX:
-27.31%
TRBUX:
-4.15%
TRHYX:
-0.00%
TRBUX:
0.00%
Returns By Period
In the year-to-date period, TRHYX achieves a 2.55% return, which is significantly higher than TRBUX's 1.60% return. Over the past 10 years, TRHYX has outperformed TRBUX with an annualized return of 4.60%, while TRBUX has yielded a comparatively lower 2.72% annualized return.
TRHYX
2.55%
1.87%
2.24%
9.29%
6.45%
5.36%
4.60%
TRBUX
1.60%
0.20%
2.03%
5.79%
4.94%
3.37%
2.72%
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TRHYX vs. TRBUX - Expense Ratio Comparison
TRHYX has a 0.50% expense ratio, which is higher than TRBUX's 0.31% expense ratio.
Risk-Adjusted Performance
TRHYX vs. TRBUX — Risk-Adjusted Performance Rank
TRHYX
TRBUX
TRHYX vs. TRBUX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Institutional High Yield Fund (TRHYX) and T. Rowe Price Ultra Short-Term Bond Fund (TRBUX). 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.
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Dividends
TRHYX vs. TRBUX - Dividend Comparison
TRHYX's dividend yield for the trailing twelve months is around 6.80%, more than TRBUX's 5.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRHYX T. Rowe Price Institutional High Yield Fund | 6.80% | 6.71% | 6.47% | 6.67% | 5.47% | 5.32% | 5.73% | 6.48% | 5.74% | 6.27% | 7.33% | 9.56% |
TRBUX T. Rowe Price Ultra Short-Term Bond Fund | 5.02% | 5.06% | 4.02% | 2.28% | 1.53% | 1.95% | 2.72% | 2.62% | 1.88% | 1.20% | 0.80% | 0.48% |
Drawdowns
TRHYX vs. TRBUX - Drawdown Comparison
The maximum TRHYX drawdown since its inception was -27.31%, which is greater than TRBUX's maximum drawdown of -4.15%. Use the drawdown chart below to compare losses from any high point for TRHYX and TRBUX.
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Volatility
TRHYX vs. TRBUX - Volatility Comparison
T. Rowe Price Institutional High Yield Fund (TRHYX) has a higher volatility of 0.96% compared to T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) at 0.35%. This indicates that TRHYX's price experiences larger fluctuations and is considered to be riskier than TRBUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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