TRPBX vs. RPBAX
Compare and contrast key facts about T. Rowe Price Spectrum Moderate Allocation Fund (TRPBX) and T. Rowe Price Balanced Fund (RPBAX).
TRPBX is managed by T. Rowe Price. It was launched on Jul 28, 1994. RPBAX is managed by T. Rowe Price. It was launched on Dec 29, 1939.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRPBX or RPBAX.
Correlation
The correlation between TRPBX and RPBAX is 0.98, 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
TRPBX vs. RPBAX - Performance Comparison
Key characteristics
TRPBX:
0.99
RPBAX:
0.95
TRPBX:
1.23
RPBAX:
1.18
TRPBX:
1.21
RPBAX:
1.21
TRPBX:
0.53
RPBAX:
0.77
TRPBX:
3.64
RPBAX:
3.55
TRPBX:
2.53%
RPBAX:
2.82%
TRPBX:
9.32%
RPBAX:
10.51%
TRPBX:
-46.35%
RPBAX:
-44.62%
TRPBX:
-10.26%
RPBAX:
-5.07%
Returns By Period
In the year-to-date period, TRPBX achieves a 3.66% return, which is significantly lower than RPBAX's 4.15% return. Over the past 10 years, TRPBX has underperformed RPBAX with an annualized return of 2.63%, while RPBAX has yielded a comparatively higher 3.53% annualized return.
TRPBX
3.66%
2.88%
0.46%
7.79%
1.58%
2.63%
RPBAX
4.15%
3.24%
0.06%
8.48%
3.13%
3.53%
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TRPBX vs. RPBAX - Expense Ratio Comparison
TRPBX has a 0.51% expense ratio, which is lower than RPBAX's 0.57% expense ratio.
Risk-Adjusted Performance
TRPBX vs. RPBAX — Risk-Adjusted Performance Rank
TRPBX
RPBAX
TRPBX vs. RPBAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Spectrum Moderate Allocation Fund (TRPBX) and T. Rowe Price Balanced Fund (RPBAX). 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
TRPBX vs. RPBAX - Dividend Comparison
TRPBX's dividend yield for the trailing twelve months is around 2.59%, more than RPBAX's 2.13% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRPBX T. Rowe Price Spectrum Moderate Allocation Fund | 2.59% | 2.68% | 2.80% | 1.81% | 1.05% | 1.21% | 1.80% | 2.03% | 1.45% | 1.79% | 2.06% | 1.93% |
RPBAX T. Rowe Price Balanced Fund | 2.13% | 2.22% | 2.05% | 1.98% | 1.35% | 1.51% | 2.00% | 2.34% | 1.81% | 2.00% | 2.19% | 2.10% |
Drawdowns
TRPBX vs. RPBAX - Drawdown Comparison
The maximum TRPBX drawdown since its inception was -46.35%, roughly equal to the maximum RPBAX drawdown of -44.62%. Use the drawdown chart below to compare losses from any high point for TRPBX and RPBAX. For additional features, visit the drawdowns tool.
Volatility
TRPBX vs. RPBAX - Volatility Comparison
The current volatility for T. Rowe Price Spectrum Moderate Allocation Fund (TRPBX) is 1.94%, while T. Rowe Price Balanced Fund (RPBAX) has a volatility of 2.15%. This indicates that TRPBX experiences smaller price fluctuations and is considered to be less risky than RPBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.