T. Rowe Price Floating Rate Fund (PAFRX) Alternatives
T. Rowe Price Floating Rate Fund (PAFRX) 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 PAFRX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to PAFRX
PAFRX charges 0.97% annually. Among mutual funds in the Bank Loan category, these options have the lowest expense ratios among PAFRX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 0.41% | Jan 31, 2017 | PAFRX vs XPTFX | |
| Eaton Vance Floating-Rate Advantage Fund | 0.47% | Mar 16, 2008 | PAFRX vs EIFAX | |
| Shenkman Capital Floating Rate High Income Fund | 0.54% | Oct 14, 2014 | PAFRX vs SFHIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.57% | Jan 30, 2008 | PAFRX vs RPIFX | |
| Lord Abbett Floating Rate Fund | 0.60% | Dec 30, 2007 | PAFRX vs LFRIX |
Best Risk-Adjusted Alternatives to PAFRX
Among mutual funds in the Bank Loan category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Calamos Aksia Alternative Credit and Income Fund C... | 100 | Jun 8, 2023 | PAFRX vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 98 | Sep 29, 2016 | PAFRX vs RCRIX | |
| Virtus Seix Floating Rate High Income Fund | 94 | Feb 28, 2006 | PAFRX vs SAMBX | |
| Delaware Floating Rate Fund | 94 | Feb 25, 2010 | PAFRX vs DDFLX | |
| Payden Floating Rate Fund | 94 | Nov 10, 2013 | PAFRX vs PYFRX |
Top Performing PAFRX Alternatives (YTD)
PAFRX alternatives from the Bank Loan category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Calamos Aksia Alternative Credit and Income Fund C... | 1.80% | Jun 8, 2023 | PAFRX vs CAPIX | |
| Victory Floating Rate Fund | 1.46% | Dec 30, 2009 | PAFRX vs RSFYX | |
| Federated Hermes Project and Trade Finance Tender ... | 1.41% | Jan 31, 2017 | PAFRX vs XPTFX | |
| RiverPark Floating Rate CMBS Fund | 0.88% | Sep 29, 2016 | PAFRX vs RCRIX | |
| DWS Floating Rate Fund | 0.51% | Jun 28, 2007 | PAFRX vs DFRTX |
Lowest Volatility Alternatives to PAFRX
PAFRX alternatives from the Bank Loan category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Calamos Aksia Alternative Credit and Income Fund C... | 1.21% | Jun 8, 2023 | PAFRX vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 1.54% | Sep 29, 2016 | PAFRX vs RCRIX | |
| BNY Mellon Floating Rate Income Fund | 1.99% | Sep 26, 2013 | PAFRX vs DFLYX | |
| Payden Floating Rate Fund | 2.04% | Nov 10, 2013 | PAFRX vs PYFRX | |
| Shenkman Capital Floating Rate High Income Fund | 2.16% | Oct 14, 2014 | PAFRX vs SFHIX |
Lowest Drawdown Alternatives to PAFRX
PAFRX alternatives from the Bank Loan category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Calamos Aksia Alternative Credit and Income Fund C... | -0.37% | Jun 8, 2023 | PAFRX vs CAPIX | |
| Federated Hermes Floating Rate Strat Inc Fund | -1.40% | Dec 2, 2010 | PAFRX vs FFRSX | |
| Pioneer Floating Rate Fund | -1.64% | Feb 13, 2007 | PAFRX vs FLYRX | |
| Delaware Floating Rate Fund | -1.65% | Feb 25, 2010 | PAFRX vs DDFLX | |
| BNY Mellon Floating Rate Income Fund | -1.73% | Sep 26, 2013 | PAFRX vs DFLYX |
Other Mutual Funds from T. Rowe Price
Most popular T. Rowe Price mutual funds on PortfoliosLab, across asset classes.
Often Compared With PAFRX
What investors most often compare with PAFRX, based on PortfoliosLab usage data.
Compare PAFRX with Any Fund or Stock
Compare PAFRX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.