IHOIX vs PRWBX Fund Comparison

A comparison between IHOIX and PRWBX based on their expense ratio, growth, holdings and how well they match their benchmark performance.

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Minafi's Take on IHOIX vs PRWBX

Here's an in depth look at the differences between The Hartford International Opportunities Fund Class I($IHOIX) and T. Rowe Price Short-Term Bond Fund($PRWBX).

To start off, here's a look at the basics of each fund. Keep an eye on the FI Score. That's a custom score from 0 to 100 that we generate based on how good this fund is for the casual investor. Most investors only need a handful of total funds in their portfolio. The higher the score, the more likely this is one of those few. Score alone isn't enough! Keep reading on to see how different (or perhaps similar) these two funds are.

  • ihoix
  • Mutual Fund
  • International Stocks
  • Large Blend

The Hartford International Opportunities Fund Class I

Expenses: 0.79% (Better than 1% of similar funds)

This is an OK choice for a Large Blend International Stocks fund. See why »

  • prwbx
  • Mutual Fund
  • Bond
  • High Yield Bond

T. Rowe Price Short-Term Bond Fund

Expenses: 0.44% (Better than 1% of similar funds)

This is an OK choice for a High Yield Bond Bond fund. See why »

Both $IHOIX and $PRWBX are categorized as Mutual Funds. Mutual funds are often offered by 401(k) platforms and are essentially the same as ETFs. Mutual funds are generally offered by an investment platform – Fidelity has Fidelity mutual funds, Vanguard has Vanguard mutual funds. Mutual funds are ideal for retirement investing since you can invest any amount. That allows you to invest every last cent and benefit from the market.

The biggest disadvantage of mutual funds is that you're usually limited to the funds on your investment platform. If you're investing on Fidelity, you'll want to pick Fidelity mutual funds (or any ETF). Same with Vanguard. Some platforms offer mutual funds from other platforms, but they may charge a purchse or redemption fee. I'd recommend using the same platform as your funds – or stick to ETFs.

To learn more about the difference between these two, you can read about the difference between ETFs and Mutual Funds.

When evaluating a fund, the first things I look at are:

  • What it invests in
  • How much it charges in fees
  • How large the fund is

Let's look into these criteria one by one and see if either of these funds stands out.

Fund Holdings Comparison

Minafi's FI Score algorithm takes into account the category and market. The more niche a fund is, the lower the score. This doesn't mean it's a worse fund, but it does mean you should stop and make sure this a fund you need to diversify your portfolio.

IHOIXPRWBX
Market Score 8.2 /10 9.1 /10
Category Score 10.0 /10 0.0 /10
Total18.29.1

A score of 10 means this is a solid market and category that almost every investor will want to have investments in. The lower the score, the more specific the investment. These scores are based on when most investors would add these funds to their portfolio. A score of 10 means that this fund (or one like it) belongs in a three-fund portfolio. The lower the score, the farther down in your portfolio a fund would go.

Winner: $IHOIX

Fee Comparison

Fees are one of the biggest killers of portfolio growth. The difference between a 2% fee and a 0.04% fee over 30 years can result in your portfolio having half the total value!

If you're just getting started investing and learning how fees impact your portfolio, I'd encourage you to read through my free investment course (specifically '2.2 - All About Fees') where I go over all the different types of fees you can be charged and how to lower them.

For these two funds, IHOIX has an expense ratio of 0.79% while PRWBX has an expense ratio of 0.44%.

Winner: $PRWBX

Fund Size Comparison

Both IHOIX and PRWBX have a similar number of assets under management. IHOIX has 3.3 Billion in assets under management, while PRWBX has 5.25 Billion.

Minafi categorizes both of these funds as large funds. Fund size is a good indication of how many other investors trust this fund. A large fund by itself doesn't mean it's a good fund, but it is one thing to consider when figuring out how to choose the right fund.

Winner: tie

Which Should You Choose? IHOIX or PRWBX?

Comparing these two funds isn't an apples to apples comparison. IHOIX is a International StocksLarge Blend fund, while PRWBX is a BondHigh Yield Bond fund.

If you're aiming to build a diversified, low-fee, tax-optimized portfolio you likely won't be choosing between these two funds since they're different enough.

Running both of these funds through Minafi's FI Score algorithm, gives IHOIX a score of 64 and PRWBX a score of 69.

Winner: Neither, I'd research more funds if you're looking to invest for retirement.

$IHOIX

The Hartford International Opportunities Fund Class I

64

Read More
Ratings
Rating TypeRating
Expense Ratio Score7/10
Expense Rating2/10
Market Score8/10
Category Score10/10
Overview
OverviewDetails
Fund TypeMutual Fund
Inception DateJul-22-1996
ExchangeNMFQS
Expense Ratio0.790%
Net Assets3.3 Billion
Yield1.86%
Holdings
DescriptionInfo
MarketInternational Stocks
CategoryLarge Blend
Sectors
  • Basic Materials 3.42%
  • Communication Services 11.95%
  • Consumer Cyclical 12.30%
  • Consumer Defensive 10.05%
  • Energy 1.57%
  • Financial Services 11.78%
  • Healthcare 10.73%
  • Industrials 14.34%
  • Real Estate 5.13%
  • Technology 11.63%
  • Utilities 7.11%
Regions
  • Asia Developed 6.07%
  • Asia Emerging 17.79%
  • Australasia 0.97%
  • Europe Developed 35.26%
  • Europe Emerging 0.61%
  • Japan 15.02%
  • Latin America 1.91%
  • North America 5.15%
  • United Kingdom 17.23%

$PRWBX

T. Rowe Price Short-Term Bond Fund

69

Read More
Ratings
Rating TypeRating
Expense Ratio Score9/10
Expense Rating6/10
Market Score9/10
Category Score0/10
Overview
OverviewDetails
Fund TypeMutual Fund
Inception DateMar-2-1984
ExchangeNMFQS
Expense Ratio0.440%
Net Assets5.25 Billion
Yield2.33%
Holdings
DescriptionInfo
MarketBond
CategoryHigh Yield Bond
Sectors
  • Agency MBS ARM 0.08%
  • Agency MBS CMO 3.44%
  • Agency MBS Pass-Through 6.23%
  • Asset-Backed 19.25%
  • Bank Loan 0.00%
  • Cash & Equivalents 3.59%
  • Commercial MBS 3.40%
  • Convertible 1.96%
  • Corporate 50.22%
  • Corporate Bond 48.26%
  • Covered Bond 0.00%
  • Government 7.83%
  • Municipal 0.00%
  • Non-Agency Residential MBS 6.08%
  • Non-U.S. Government 0.00%
  • Other -0.12%
  • Other Government Related 0.35%
  • Preferred 0.00%
  • Securitized 38.48%
  • U.S. Agency 0.00%
  • U.S. Treasury 7.48%
  • U.S. Treasury Inflation-Protected 0.00%

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