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TTMIX vs. HGLB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TTMIX vs. HGLB

Last updated Jun 24, 2026

TTMIX (T. Rowe Price Total Return Fund Class I) and HGLB (Highland Global Allocation Fund) are both Global Allocation funds. Over the past 5 years, TTMIX returned 3.85%/yr vs 7.90%/yr for HGLB. At a 0.29 correlation, their price movements are largely independent. TTMIX charges 0.37%/yr vs 0.02%/yr for HGLB.

Performance

TTMIX vs. HGLB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Total Return Fund Class I (TTMIX) and Highland Global Allocation Fund (HGLB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TTMIX achieves a 0.22% return, which is significantly higher than HGLB's -13.14% return.

TTMIX

1D
-1.55%
1M
-1.77%
YTD
0.22%
6M
-0.30%
1Y
-0.30%
3Y*
19.13%
5Y*
3.85%
10Y*
14.78%

HGLB

1D
-1.65%
1M
-6.17%
YTD
-13.14%
6M
-14.10%
1Y
-4.96%
3Y*
9.17%
5Y*
7.90%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

TTMIX vs. HGLB - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
TTMIX
T. Rowe Price Total Return Fund Class I		0.22%6.97%38.33%39.41%-40.85%9.92%53.86%20.00%
HGLB
Highland Global Allocation Fund		-13.14%51.74%-1.52%-6.15%14.53%53.22%-17.98%-31.46%

Correlation

The correlation between TTMIX and HGLB is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.33

Correlation (3Y)
Calculated over the trailing 3-year period

0.29

Correlation (5Y)
Calculated over the trailing 5-year period

0.30

Correlation (All Time)
Calculated using the full available price history since Feb 19, 2019

0.29

Compare stocks, funds, or ETFs

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

T. Rowe Price Total Return Fund Class I

Highland Global Allocation Fund

Often compared with TTMIX:
TTMIX vs. VOOTTMIX vs. THISXTTMIX vs. DMOTTMIX vs. IGATTMIX vs. TQAIXTTMIX vs. GBFFXTTMIX vs. TBCIX
Often compared with HGLB:
HGLB vs. LGIHGLB vs. WMRIXHGLB vs. GBMFXHGLB vs. RAPZXHGLB vs. GAAHGLB vs. GBFFXHGLB vs. IGA

Return for Risk

TTMIX vs. HGLB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TTMIX
TTMIX Risk / Return Rank: 33
Overall Rank
TTMIX Sharpe Ratio Rank: 33
Sharpe Ratio Rank
TTMIX Sortino Ratio Rank: 33
Sortino Ratio Rank
TTMIX Omega Ratio Rank: 33
Omega Ratio Rank
TTMIX Calmar Ratio Rank: 33
Calmar Ratio Rank
TTMIX Martin Ratio Rank: 33
Martin Ratio Rank
HGLB
HGLB Risk / Return Rank: 22
Overall Rank
HGLB Sharpe Ratio Rank: 22
Sharpe Ratio Rank
HGLB Sortino Ratio Rank: 22
Sortino Ratio Rank
HGLB Omega Ratio Rank: 22
Omega Ratio Rank
HGLB Calmar Ratio Rank: 22
Calmar Ratio Rank
HGLB Martin Ratio Rank: 22
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TTMIX vs. HGLB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Total Return Fund Class I (TTMIX) and Highland Global Allocation Fund (HGLB). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

TTMIXHGLBDifference
Sharpe ratioReturn per unit of total volatility
0.07
-0.24

+0.31

Sortino ratioReturn per unit of downside risk
0.21
-0.20

+0.41

Omega ratioGain probability vs. loss probability

1.02

0.97

+0.05

Calmar ratioReturn relative to maximum drawdown

0.07

-0.21

+0.28

Martin ratioReturn relative to average drawdown

0.15

-0.41

+0.57

TTMIX vs. HGLB - Sharpe Ratio Comparison

The current TTMIX Sharpe Ratio is 0.07, which is higher than the HGLB Sharpe Ratio of -0.24. The chart below compares the historical Sharpe Ratios of TTMIX and HGLB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

TTMIX vs. HGLB - Drawdown Comparison

The maximum TTMIX drawdown since its inception was -47.11%, smaller than the maximum HGLB drawdown of -70.40%. Use the drawdown chart below to compare losses from any high point for TTMIX and HGLB.

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Drawdown Indicators

TTMIXHGLBDifference

Max Drawdown

Largest peak-to-trough decline

-47.11%

-70.40%

+23.29%

Max Drawdown (1Y)

Largest decline over 1 year

-17.25%

-23.34%

+6.09%

Max Drawdown (3Y)

Largest decline over 3 years

-20.68%

-23.34%

+2.66%

Max Drawdown (5Y)

Largest decline over 5 years

-47.11%

-29.88%

-17.23%

Max Drawdown (10Y)

Largest decline over 10 years

-47.11%

—

—

Current Drawdown

Current decline from peak

-7.66%

-22.72%

+15.06%

Average Drawdown

Average peak-to-trough decline

-10.26%

-18.20%

+7.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.36%

11.99%

-4.63%

Volatility

TTMIX vs. HGLB - Volatility Comparison

T. Rowe Price Total Return Fund Class I (TTMIX) has a higher volatility of 6.66% compared to Highland Global Allocation Fund (HGLB) at 6.02%. This indicates that TTMIX's price experiences larger fluctuations and is considered to be riskier than HGLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TTMIXHGLBDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.66%

6.02%

+0.64%

Volatility (6M)

Calculated over the trailing 6-month period

12.35%

12.95%

-0.60%

Volatility (1Y)

Calculated over the trailing 1-year period

15.63%

21.16%

-5.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.34%

22.11%

-0.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.81%

27.62%

-6.81%

TTMIX vs. HGLB - Expense Ratio Comparison

TTMIX has a 0.37% expense ratio, which is higher than HGLB's 0.02% expense ratio.

Dividends

TTMIX vs. HGLB - Dividend Comparison

TTMIX's dividend yield for the trailing twelve months is around 25.22%, more than HGLB's 13.91% yield.

PositionTTM2025202420232022202120202019201820172016
HGLB
Highland Global Allocation Fund		13.91%11.57%14.27%12.82%10.32%9.39%15.44%11.35%0.00%0.00%0.00%
TTMIX
T. Rowe Price Total Return Fund Class I		25.22%25.27%7.45%7.80%17.43%8.53%5.27%2.44%1.41%2.47%2.23%

Frequently Asked Questions

TTMIX and HGLB have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TTMIX has higher volatility (6.66%) compared to HGLB (6.02%). In terms of maximum drawdown, TTMIX dropped -47.11% vs HGLB's -70.40%.

TTMIX currently has the higher Sharpe Ratio (0.07 vs -0.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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