T. Rowe Price Floating Rate Fund (PRFRX) Alternatives
T. Rowe Price Floating Rate Fund (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 funds that fit a different role in your portfolio.
Cheapest Alternatives to PRFRX
PRFRX charges 0.75% annually. Among mutual funds in the High Yield Bonds category, these options have the lowest expense ratios among PRFRX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.02% | Dec 24, 2008 | PRFRX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.13% | Nov 12, 2001 | PRFRX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | Dec 26, 2017 | PRFRX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.23% | Dec 27, 1978 | PRFRX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | Nov 22, 2020 | PRFRX vs CRDOX |
Best Risk-Adjusted Alternatives to PRFRX
Among mutual funds in the High Yield Bonds 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 | |
|---|---|---|---|---|
| Pioneer ILS Interval Fund | 100 | Dec 16, 2014 | PRFRX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | Mar 6, 2019 | PRFRX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | Sep 30, 2010 | PRFRX vs RPHIX | |
| T. Rowe Price Credit Opportunities Fund | 98 | Apr 29, 2014 | PRFRX vs PRCPX | |
| Changing Parameters Fund | 98 | Oct 2, 2006 | PRFRX vs CPMPX |
Top Performing PRFRX Alternatives (YTD)
PRFRX alternatives from the High Yield Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Fairholme Focused Income Fund | 6.93% | Dec 31, 2009 | PRFRX vs FOCIX | |
| Pioneer ILS Interval Fund | 5.18% | Dec 16, 2014 | PRFRX vs XILSX | |
| RiverPark Short Term High Yield Fund | 1.02% | Sep 30, 2010 | PRFRX vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.96% | Mar 6, 2019 | PRFRX vs CCLFX | |
| Franklin Templeton SMACS: Series I | 0.52% | Jun 3, 2019 | PRFRX vs FQTIX |
Lowest Volatility Alternatives to PRFRX
PRFRX alternatives from the High Yield Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.97% | Sep 30, 2010 | PRFRX vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.97% | Mar 6, 2019 | PRFRX vs CCLFX | |
| Chartwell Short Duration High Yield Fund | 1.71% | Jul 15, 2014 | PRFRX vs CWFIX | |
| Changing Parameters Fund | 1.90% | Oct 2, 2006 | PRFRX vs CPMPX | |
| Shenkman Capital Short Duration High Income Fund | 1.96% | Oct 31, 2012 | PRFRX vs SCFIX |
Lowest Drawdown Alternatives to PRFRX
PRFRX alternatives from the High Yield Bonds category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.21% | Dec 16, 2014 | PRFRX vs XILSX | |
| RiverPark Short Term High Yield Fund | -0.41% | Sep 30, 2010 | PRFRX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.46% | Mar 6, 2019 | PRFRX vs CCLFX | |
| Toews Tactical Income Fund | -1.12% | Jun 4, 2010 | PRFRX vs THHYX | |
| Changing Parameters Fund | -1.31% | Oct 2, 2006 | PRFRX vs CPMPX |
Other Mutual Funds from T. Rowe Price
Most popular T. Rowe Price mutual funds on PortfoliosLab, across asset classes.
Often Compared With PRFRX
What investors most often compare with PRFRX, 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.