Pioneer Floating Rate Fund (FLYRX) belongs to the Bank Loan category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FLYRX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FLYRX
FLYRX charges 0.75% annually. There are 20 mutual funds in the Bank Loan category with lower expense ratios, going as low as 0.41%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 0.41% | — | Jan 2017 | FLYRX vs XPTFX | |
| Eaton Vance Floating-Rate Advantage Fund | 0.47% | — | Mar 2008 | FLYRX vs EIFAX | |
| Shenkman Capital Floating Rate High Income Fund | 0.54% | — | Oct 2014 | FLYRX vs SFHIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.57% | — | Jan 2008 | FLYRX vs RPIFX | |
| Lord Abbett Floating Rate Fund | 0.60% | — | Dec 2007 | FLYRX vs LFRIX |
Best Risk-Adjusted Alternatives to FLYRX
FLYRX has a PortfoliosLab risk / return rank of 86. There are 15 mutual funds in the Bank Loan category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | 100 | — | Sep 2016 | FLYRX vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 98 | — | Jun 2023 | FLYRX vs CAPIX | |
| Payden Floating Rate Fund | 98 | — | Nov 2013 | FLYRX vs PYFRX | |
| Virtus Seix Floating Rate High Income Fund | 97 | — | Feb 2006 | FLYRX vs SAMBX | |
| PGIM Floating Rate Income Fund | 96 | — | Mar 2011 | FLYRX vs FRFZX |
Top Performing FLYRX Alternatives (YTD)
FLYRX is at 1.75% YTD. There are 9 mutual funds in the Bank Loan category with higher YTD returns, going as high as 3.48%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Floating Rate Fund | 3.48% | — | Dec 2009 | FLYRX vs RSFYX | |
| Federated Hermes Project and Trade Finance Tender ... | 3.23% | — | Jan 2017 | FLYRX vs XPTFX | |
| Virtus Seix Floating Rate High Income Fund | 2.55% | — | Feb 2006 | FLYRX vs SAMBX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 2.38% | — | Jun 2023 | FLYRX vs CAPIX | |
| PGIM Floating Rate Income Fund | 2.29% | — | Mar 2011 | FLYRX vs FRFZX |
Lowest Volatility Alternatives to FLYRX
FLYRX has 2.47% 1-year volatility. There are 32 mutual funds in the Bank Loan category with lower 1-year volatility, going as low as 0.77%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | 0.77% | — | Sep 2016 | FLYRX vs RCRIX | |
| Payden Floating Rate Fund | 1.24% | — | Nov 2013 | FLYRX vs PYFRX | |
| BNY Mellon Floating Rate Income Fund | 1.36% | — | Sep 2013 | FLYRX vs DFLYX | |
| Shenkman Capital Floating Rate High Income Fund | 1.67% | — | Oct 2014 | FLYRX vs SFHIX | |
| Donoghue Forlines Risk Managed Income Fund | 1.68% | — | Dec 2017 | FLYRX vs FLOTX |
Lowest Drawdown Alternatives to FLYRX
FLYRX has a 1-year max drawdown of -0.94%. There are 6 mutual funds in the Bank Loan category with shallower 1-year drawdowns, going as shallow as -0.19%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | -0.19% | — | Sep 2016 | FLYRX vs RCRIX | |
| Virtus Seix Floating Rate High Income Fund | -0.78% | — | Feb 2006 | FLYRX vs SAMBX | |
| PGIM Floating Rate Income Fund | -0.85% | — | Mar 2011 | FLYRX vs FRFZX | |
| Calvert Floating-Rate Advantage Fund | -0.88% | — | Oct 2017 | FLYRX vs CFOIX | |
| Virtus Newfleet Senior Floating Rate Fund | -0.88% | — | Jan 2008 | FLYRX vs PSFIX |
Other Mutual Funds from Amundi
The 10 most viewed Amundi mutual funds shown here include PMFYX, PIODX, PMAIX and span 10 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Pioneer Multi-Asset Income Fund | Global Allocation | 81 | 4.83% | — | Dec 2011 | FLYRX vs PMFYX | |
| Pioneer Fund | Large Cap Blend Equities | 54 | 10.61% | — | Feb 1928 | FLYRX vs PIODX | |
| Pioneer Multi-Asset Income Fund A | Diversified Portfolio, Dividend | 80 | 4.74% | — | Dec 2011 | FLYRX vs PMAIX | |
| Pioneer ILS Interval Fund | High Yield Bonds | 100 | 8.28% | — | Dec 2014 | FLYRX vs XILSX | |
| Pioneer Core Equity Fund | Large Cap Blend Equities | 47 | 8.66% | — | Nov 1999 | FLYRX vs PIOTX | |
| Pioneer Disciplined Growth Fund | Large Cap Growth Equities | 30 | 9.09% | — | Dec 2005 | FLYRX vs PINDX | |
| Pioneer Fundamental Growth Fund | Large Cap Growth Equities | 14 | 3.98% | — | Aug 2002 | FLYRX vs PIGFX | |
| Pioneer Multi-Asset Ultrashort Income Fund | Ultrashort Bond | 98 | 1.62% | — | Apr 2011 | FLYRX vs MYFRX | |
| Pioneer Securitized Income Fund | Nontraditional Bonds | 73 | 1.83% | — | Dec 2019 | FLYRX vs SYFFX | |
| Pioneer Global Sustainable Equity Fund Class A | Global Equities, Sustainable | 85 | 14.91% | — | Dec 2005 | FLYRX vs GLOSX |
Often Compared With FLYRX
Investors most often compare FLYRX with NFIAX, GIFIX, JFIIX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare FLYRX with Any Fund or Stock
Compare FLYRX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FLYRX with funds that move differently
Pioneer Floating Rate Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FLYRX.
Explore FLYRX Diversifiers