TUHIX vs. PBDIX
Compare and contrast key facts about T. Rowe Price U.S. High Yield Fund (TUHIX) and T. Rowe Price QM U.S. Bond Index Fund (PBDIX).
TUHIX is managed by T. Rowe Price. It was launched on Apr 30, 2013. PBDIX is managed by T. Rowe Price.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TUHIX or PBDIX.
Key characteristics
| TUHIX | PBDIX | |
|---|---|---|
| YTD Return | 6.48% | 4.95% |
| 1Y Return | 11.89% | 10.75% |
| 3Y Return (Ann) | 1.61% | -1.86% |
| 5Y Return (Ann) | 3.87% | 0.99% |
| Sharpe Ratio | 2.83 | 1.64 |
| Daily Std Dev | 4.20% | 6.49% |
| Max Drawdown | -22.46% | -18.58% |
| Current Drawdown | 0.00% | -5.78% |
Correlation
The correlation between TUHIX and PBDIX is 0.20, 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.
Performance
TUHIX vs. PBDIX - Performance Comparison
In the year-to-date period, TUHIX achieves a 6.48% return, which is significantly higher than PBDIX's 4.95% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TUHIX vs. PBDIX - Expense Ratio Comparison
TUHIX has a 0.61% expense ratio, which is higher than PBDIX's 0.23% expense ratio.
Risk-Adjusted Performance
TUHIX vs. PBDIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price U.S. High Yield Fund (TUHIX) and T. Rowe Price QM U.S. Bond Index Fund (PBDIX). 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
TUHIX vs. PBDIX - Dividend Comparison
TUHIX's dividend yield for the trailing twelve months is around 7.53%, more than PBDIX's 3.79% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TUHIX T. Rowe Price U.S. High Yield Fund | 7.53% | 7.53% | 7.42% | 6.35% | 5.87% | 5.80% | 6.66% | 3.10% | 0.00% | 0.00% | 0.00% | 0.00% |
PBDIX T. Rowe Price QM U.S. Bond Index Fund | 3.79% | 3.49% | 2.74% | 1.85% | 6.13% | 3.05% | 2.94% | 2.75% | 2.81% | 2.99% | 3.04% | 3.69% |
Drawdowns
TUHIX vs. PBDIX - Drawdown Comparison
The maximum TUHIX drawdown since its inception was -22.46%, which is greater than PBDIX's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for TUHIX and PBDIX. For additional features, visit the drawdowns tool.
Volatility
TUHIX vs. PBDIX - Volatility Comparison
The current volatility for T. Rowe Price U.S. High Yield Fund (TUHIX) is 0.81%, while T. Rowe Price QM U.S. Bond Index Fund (PBDIX) has a volatility of 1.14%. This indicates that TUHIX experiences smaller price fluctuations and is considered to be less risky than PBDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.