Columbia Floating Rate Fund (RFRAX) 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 RFRAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RFRAX
RFRAX charges 1.02% annually. There are 42 mutual funds in the Bank Loan category with lower expense ratios, going as low as 0.41%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 0.41% | — | Jan 2017 | RFRAX vs XPTFX | |
| Eaton Vance Floating-Rate Advantage Fund | 0.47% | — | Mar 2008 | RFRAX vs EIFAX | |
| Shenkman Capital Floating Rate High Income Fund | 0.54% | — | Oct 2014 | RFRAX vs SFHIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.57% | — | Jan 2008 | RFRAX vs RPIFX | |
| Lord Abbett Floating Rate Fund | 0.60% | — | Dec 2007 | RFRAX vs LFRIX |
Best Risk-Adjusted Alternatives to RFRAX
RFRAX has a PortfoliosLab risk / return rank of 78. There are 27 mutual funds in the Bank Loan category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund Class I Shares | 100 | — | Jun 2019 | RFRAX vs CCLFX | |
| RiverPark Floating Rate CMBS Fund | 100 | — | Sep 2016 | RFRAX vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 99 | — | Jun 2023 | RFRAX vs CAPIX | |
| Payden Floating Rate Fund | 98 | — | Nov 2013 | RFRAX vs PYFRX | |
| Virtus Seix Floating Rate High Income Fund | 98 | — | Feb 2006 | RFRAX vs SAMBX |
Top Performing RFRAX Alternatives (YTD)
RFRAX is at 1.48% YTD. There are 27 mutual funds in the Bank Loan category with higher YTD returns, going as high as 3.95%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 3.95% | — | Jan 2017 | RFRAX vs XPTFX | |
| Cliffwater Corporate Lending Fund Class I Shares | 3.28% | — | Jun 2019 | RFRAX vs CCLFX | |
| BlackRock Floating Rate Income Trust | 3.20% | — | Aug 2004 | RFRAX vs BGT | |
| Calamos Aksia Alternative Credit and Income Fund C... | 3.16% | — | Jun 2023 | RFRAX vs CAPIX | |
| Victory Floating Rate Fund | 2.96% | — | Dec 2009 | RFRAX vs RSFYX |
Lowest Volatility Alternatives to RFRAX
RFRAX has 2.24% 1-year volatility. There are 15 mutual funds in the Bank Loan category with lower 1-year volatility, going as low as 0.76%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | 0.76% | — | Sep 2016 | RFRAX vs RCRIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.85% | — | Jun 2019 | RFRAX vs CCLFX | |
| Payden Floating Rate Fund | 1.25% | — | Nov 2013 | RFRAX vs PYFRX | |
| BNY Mellon Floating Rate Income Fund | 1.35% | — | Sep 2013 | RFRAX vs DFLYX | |
| Dunham Floating Rate Bond Fund | 1.69% | — | Oct 2013 | RFRAX vs DAFRX |
Lowest Drawdown Alternatives to RFRAX
RFRAX has a 1-year max drawdown of -1.72%. There are 33 mutual funds in the Bank Loan category with shallower 1-year drawdowns, going as shallow as -0.19%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund Class I Shares | -0.19% | — | Jun 2019 | RFRAX vs CCLFX | |
| RiverPark Floating Rate CMBS Fund | -0.19% | — | Sep 2016 | RFRAX vs RCRIX | |
| Virtus Seix Floating Rate High Income Fund | -0.78% | — | Feb 2006 | RFRAX vs SAMBX | |
| PGIM Floating Rate Income Fund | -0.85% | — | Mar 2011 | RFRAX vs FRFZX | |
| Virtus Newfleet Senior Floating Rate Fund | -0.88% | — | Jan 2008 | RFRAX vs PSFIX |
Other Mutual Funds from Columbia
The 10 most viewed Columbia mutual funds shown here include SLMCX, STK, GSFTX and span 8 categories.
Often Compared With RFRAX
Investors most often compare RFRAX with FFRHX, ACCBX, HFAAX. These 16 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare RFRAX with Any Fund or Stock
Compare RFRAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RFRAX with funds that move differently
Columbia Floating Rate Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RFRAX.
Explore RFRAX Diversifiers