PRFRX Alternatives & Similar Mutual Funds

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 a closer substitute for your current allocation.

Cheapest Alternatives to PRFRX

PRFRX charges 0.75% annually. There are 71 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.

Symbol	Name	Expense Ratio	AUM	Inception
FHYSX	Federated Hermes High-Yield Strategy Portfolio	0.02%	—	Dec 2008	PRFRX vs FHYSX
VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	0.13%	25.70B	Nov 2001	PRFRX vs VWEAX
PIAMX	PIA High Yield (MACS) Fund	0.20%	—	Dec 2017	PRFRX vs PIAMX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	0.23%	25.70B	Dec 1978	PRFRX vs VWEHX
CRDOX	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 96. There are 7 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
XILSX	Pioneer ILS Interval Fund	100	—	Dec 2014	PRFRX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund	100	—	Mar 2019	PRFRX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	100	—	Sep 2010	PRFRX vs RPHIX
FSHNX	Fidelity Series High Income Fund	97	—	Mar 2011	PRFRX vs FSHNX
SHOYX	American Beacon SiM High Yield Opportunities Fund ...	97	—	Feb 2011	PRFRX vs SHOYX

Top Performing PRFRX Alternatives (YTD)

PRFRX is at 1.96% YTD. There are 59 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 7.97%.

Symbol	Name	YTD Return	AUM	Inception
XILSX	Pioneer ILS Interval Fund	7.97%	—	Dec 2014	PRFRX vs XILSX
FAGIX	Fidelity Capital & Income Fund	7.96%	—	Nov 1977	PRFRX vs FAGIX
FIQTX	Fidelity Advisor High Income Advantage Fund Class ...	7.29%	—	Oct 2018	PRFRX vs FIQTX
FAHCX	Fidelity Advisor High Income Advantage Fund Class ...	7.16%	—	Jul 1995	PRFRX vs FAHCX
FAHYX	Fidelity Advisor High Income Advantage Fund Class ...	7.04%	—	Jan 1987	PRFRX vs FAHYX

Lowest Volatility Alternatives to PRFRX

PRFRX has 2.69% 1-year volatility. There are 36 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.88%.

Symbol	Name	Volatility 1Y	AUM	Inception
CCLFX	Cliffwater Corporate Lending Fund	0.88%	—	Mar 2019	PRFRX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	0.88%	—	Sep 2010	PRFRX vs RPHIX
CWFIX	Chartwell Short Duration High Yield Fund	1.50%	—	Jul 2014	PRFRX vs CWFIX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.63%	—	Oct 2012	PRFRX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	1.69%	—	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
RPHIX	RiverPark Short Term High Yield Fund	-0.10%	—	Sep 2010	PRFRX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	-0.19%	—	Mar 2019	PRFRX vs CCLFX
XILSX	Pioneer ILS Interval Fund	-0.21%	—	Dec 2014	PRFRX vs XILSX
MDHVX	MainStay MacKay Short Duration High Yield Fund	-1.06%	—	Dec 2012	PRFRX vs MDHVX
SCFIX	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
TRBCX	T. Rowe Price Blue Chip Growth Fund	Large Cap Growth Equities	21	6.21%	—	Jun 1993	PRFRX vs TRBCX
PRWCX	T. Rowe Price Capital Appreciation Fund	Diversified Portfolio	51	6.04%	—	Jun 1986	PRFRX vs PRWCX
PRDGX	T. Rowe Price Dividend Growth Fund, Inc.	Large Cap Blend Equities, Dividend	38	6.75%	—	Dec 1992	PRFRX vs PRDGX
PRCOX	T. Rowe Price U.S. Equity Research Fund	Large Cap Blend Equities	71	11.76%	—	Nov 1994	PRFRX vs PRCOX
PRWAX	T. Rowe Price All-Cap Opportunities Fund	Large Cap Growth Equities	15	0.94%	—	Sep 1985	PRFRX vs PRWAX
PREIX	T. Rowe Price Equity Index 500 Fund	Large Cap Blend Equities	73	11.46%	—	Mar 1990	PRFRX vs PREIX
TBCIX	T. Rowe Price Blue Chip Growth Fund I Class	Large Cap Growth Equities	23	6.27%	—	—	PRFRX vs TBCIX
TRLGX	T. Rowe Price Large-Cap Growth Fund	Large Cap Growth Equities	20	6.07%	—	Oct 2001	PRFRX vs TRLGX
PRSCX	T. Rowe Price Science And Technology Fund	Technology Equities	90	38.20%	—	Sep 1987	PRFRX vs PRSCX
TRRJX	T. Rowe Price Retirement 2035 Fund	Target Retirement Date	30	8.90%	—	Feb 2004	PRFRX vs TRRJX

Often Compared With PRFRX

Investors most often compare PRFRX with FFRHX, FLRN, SPY. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FFRHX	Fidelity Floating Rate High Income Fund	High Yield Bonds	93	2.16%	—	Aug 2000	PRFRX vs FFRHX
FLRN	SPDR Bloomberg Barclays Investment Grade Floating ...	Corporate Bonds	99	1.84%	2.93B	Nov 2011	PRFRX vs FLRN
SPY	State Street SPDR S&P 500 ETF	S&P 500	75	11.69%	781.00B	Jan 1993	PRFRX vs SPY
FFRAX	Fidelity Advisor Floating Rate High Income Fund Cl...	High Yield Bonds	91	1.93%	—	Aug 2000	PRFRX vs FFRAX
ICVT	iShares Convertible Bond ETF	Preferred Stock/Convertible Bonds	89	26.51%	7.11B	Jun 2015	PRFRX vs ICVT
MFHVX	Mesirow High Yield Fund	High Yield Bonds	72	2.95%	—	Dec 2018	PRFRX vs MFHVX
OOSAX	Invesco Senior Floating Rate Fund	Bank Loan	9	-0.83%	—	Sep 1999	PRFRX vs OOSAX
SPYD	State Street SPDR Portfolio S&P 500 High Dividend ...	S&P 500, Dividend	43	10.83%	7.30B	Oct 2015	PRFRX vs SPYD
AGG	iShares Core U.S. Aggregate Bond ETF	Total Bond Market	37	0.47%	136.46B	Sep 2003	PRFRX vs AGG
PAFRX	T. Rowe Price Floating Rate Fund	Bank Loan	83	1.31%	—	Jul 2011	PRFRX vs PAFRX
GECC	Great Elm Capital Corp.		15	-6.84%	—	—	PRFRX vs GECC
FSREX	Fidelity Series Real Estate Income Fund	REIT	88	1.59%	—	Oct 2011	PRFRX vs FSREX
SHYPX	American Beacon SiM High Yld Opps Fund	High Yield Bonds	97	2.13%	—	Feb 2011	PRFRX vs SHYPX
DDJIX	Polen DDJ Opportunistic High Yield Fund	High Yield Bonds	9	1.02%	—	Jul 2015	PRFRX vs DDJIX
FHAIX	Franklin High Income Fund	High Yield Bonds	41	0.95%	—	Dec 1969	PRFRX vs FHAIX
PIPNX	PIMCO Income Fund Class I-3	Multisector Bonds	43	0.75%	—	Apr 2018	PRFRX vs PIPNX
CAPL	CrossAmerica Partners LP		56	11.80%	—	—	PRFRX vs CAPL
PYFRX	Payden Floating Rate Fund	Bank Loan	98	1.52%	—	Nov 2013	PRFRX vs PYFRX
SHYAX	SEI Institutional Managed Trust High Yield Bond Fu...	High Yield Bonds	42	0.11%	—	Jan 1995	PRFRX vs SHYAX
TSQ	Townsquare Media, Inc.		44	37.87%	—	—	PRFRX vs TSQ

Compare PRFRX with Any Fund or Stock

Compare PRFRX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair PRFRX with funds that move differently

T. Rowe Price Floating Rate Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PRFRX.

Explore PRFRX Diversifiers

T. Rowe Price Floating Rate Fund (PRFRX) Alternatives