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Pacific Funds Floating Rate Income (PLFRX) Sharpe Ratio: 2.08

Mutual Fund · Currency in USD · Last updated Jul 14, 2026

The investment seeks a high level of current income. The fund invests principally in income producing floating rate loans and floating rate debt securities. Under normal circumstances, it invests at least 80% of its assets in floating rate loans and floating rate debt securities. The fund may invest up to 25% of its assets in U.S. dollar denominated foreign investments, principally in developed markets. It may invest up to 20% of its assets in other types of debt instruments or securities including non-investment grade (high yield/high risk, sometimes called "junk bonds") debt instruments.

PLFRX's Sharpe Ratio of 2.08 indicates that for each unit of volatility, it generates 2.08 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 14, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

PLFRX Sharpe Ratio Rank

PLFRX Sharpe Ratio Rank: 80.180
Exceptional

PLFRX ranks above 80.1% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

PLFRX Sharpe Ratio Market Positioning

The chart shows PLFRX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.05 or lower
  • Yellow zone (middle 50%): 1.05 to 1.93
  • Green zone (top 25%): 1.93 or higher
  • Top 1%: 3.87+
  • Median: 1.58 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Pacific Funds Floating Rate Income's Sharpe Ratio with other mutual funds in the Bank Loan category across multiple time periods, showing how PLFRX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 14, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
RCRIXRiverPark Floating Rate CMBS Fund6.53
PYFRXPayden Floating Rate Fund4.44
CAPIXCalamos Aksia Alternative Credit and Income Fund Class I4.30
DFLYXBNY Mellon Floating Rate Income Fund3.11
SAMBXVirtus Seix Floating Rate High Income Fund2.69
LFRIXLord Abbett Floating Rate Fund2.59
SFHIXShenkman Capital Floating Rate High Income Fund2.51
LFRAXLord Abbett Floating Rate Fund Class A2.51
XPTFXFederated Hermes Project and Trade Finance Tender Fund2.49
FRFZXPGIM Floating Rate Income Fund2.40
PLFRXPacific Funds Floating Rate Income2.08

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows PLFRX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when PLFRX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does PLFRX fit in your portfolio?

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