T. Rowe Price Floating Rate Fund - Investor Class (PRFRX) belongs to the High Yield Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PRFRX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PRFRX
PRFRX charges 0.76% annually. There are 81 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.02% | — | Dec 2008 | PRFRX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | PRFRX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | PRFRX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | PRFRX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | PRFRX vs CRDOX |
Best Risk-Adjusted Alternatives to PRFRX
PRFRX has a PortfoliosLab risk / return rank of 90. There are 30 mutual funds in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 100 | — | Dec 2014 | PRFRX vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | 100 | — | Jun 2019 | PRFRX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | PRFRX vs RPHIX | |
| Intrepid Income Fund | 97 | — | Aug 2010 | PRFRX vs ICMUX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | PRFRX vs PSHNX |
Top Performing PRFRX Alternatives (YTD)
PRFRX is at 1.84% YTD. There are 59 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 10.04%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 10.04% | — | Dec 2014 | PRFRX vs XILSX | |
| Fairholme Focused Income Fund | 9.48% | — | Dec 2009 | PRFRX vs FOCIX | |
| Fidelity Capital & Income Fund | 5.47% | — | Nov 1977 | PRFRX vs FAGIX | |
| Nuveen Global High Income Fund | 5.11% | — | Nov 2014 | PRFRX vs JGH | |
| Fidelity Advisor High Income Advantage Fund Class ... | 4.93% | — | Oct 2018 | PRFRX vs FIQTX |
Lowest Volatility Alternatives to PRFRX
PRFRX has 2.44% 1-year volatility. There are 19 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.83%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.83% | — | Sep 2010 | PRFRX vs RPHIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.85% | — | Jun 2019 | PRFRX vs CCLFX | |
| Chartwell Short Duration High Yield Fund | 1.51% | — | Jul 2014 | PRFRX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.64% | — | Oct 2012 | PRFRX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.77% | — | Aug 2002 | PRFRX vs OSTIX |
Lowest Drawdown Alternatives to PRFRX
PRFRX has a 1-year max drawdown of -1.50%. There are 18 mutual funds in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.10%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.10% | — | Dec 2014 | PRFRX vs XILSX | |
| RiverPark Short Term High Yield Fund | -0.10% | — | Sep 2010 | PRFRX vs RPHIX | |
| Cliffwater Corporate Lending Fund Class I Shares | -0.19% | — | Jun 2019 | PRFRX vs CCLFX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | PRFRX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | PRFRX vs SCFIX |
Other Mutual Funds from T. Rowe Price
The 10 most viewed T. Rowe Price mutual funds shown here include TRBCX, PRWCX, PRDGX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Blue Chip Growth Fund | Large Cap Growth Equities | 8 | -3.32% | — | Jun 1993 | PRFRX vs TRBCX | |
| T. Rowe Price Capital Appreciation Fund | Diversified Portfolio | 43 | 5.93% | — | Jun 1986 | PRFRX vs PRWCX | |
| T. Rowe Price Dividend Growth Fund, Inc. | Large Cap Blend Equities, Dividend | 77 | 11.24% | — | Dec 1992 | PRFRX vs PRDGX | |
| T. Rowe Price U.S. Equity Research Fund | Large Cap Blend Equities | 56 | 9.19% | — | Nov 1994 | PRFRX vs PRCOX | |
| T. Rowe Price Blue Chip Growth Fund I Class | Large Cap Growth Equities | 8 | -3.25% | — | — | PRFRX vs TBCIX | |
| T. Rowe Price Equity Index 500 Fund | Large Cap Blend Equities | 62 | 9.23% | — | Mar 1990 | PRFRX vs PREIX | |
| T. Rowe Price All-Cap Opportunities Fund | Large Cap Growth Equities | 11 | -1.10% | — | Sep 1985 | PRFRX vs PRWAX | |
| T. Rowe Price Large-Cap Growth Fund | Large Cap Growth Equities | 11 | 0.26% | — | Oct 2001 | PRFRX vs TRLGX | |
| T. Rowe Price Science And Technology Fund | Technology Equities | 42 | 19.55% | — | Sep 1987 | PRFRX vs PRSCX | |
| T. Rowe Price Retirement 2035 Fund | Target Retirement Date | 34 | 8.47% | — | Feb 2004 | PRFRX vs TRRJX |
Often Compared With PRFRX
Investors most often compare PRFRX with FFRHX, FLRN, FFRAX. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare PRFRX with Any Fund or Stock
Compare PRFRX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PRFRX with funds that move differently
T. Rowe Price Floating Rate Fund - Investor Class alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PRFRX.
Explore PRFRX Diversifiers