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T. Rowe Price Institutional High Yield Fund TRHYX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | TRHYX | Replication |
|---|---|---|
| Annualized growth | -13.4% | -14.0% |
| Annualized volatility | 3.3% | 3.2% |
| Sharpe ratio | -4.41 | -4.74 |
| Maximum drawdown | 2.4% | 2.5% |
| Replication fit (R²) | 1.00 · Tracking error 0.2% | |
Replication portfolio
The published portfolio below is the investable basket used to model TRHYX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| SPHY | FI · High Yield | 100.0% |