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 43 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 77. There are 25 mutual funds in the Bank Loan category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | 100 | — | Sep 2016 | RFRAX vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 98 | — | Jun 2023 | RFRAX vs CAPIX | |
| Payden Floating Rate Fund | 98 | — | Nov 2013 | RFRAX vs PYFRX | |
| Virtus Seix Floating Rate High Income Fund | 97 | — | Feb 2006 | RFRAX vs SAMBX | |
| Delaware Floating Rate Fund | 95 | — | Feb 2010 | RFRAX vs DDFLX |
Top Performing RFRAX Alternatives (YTD)
RFRAX is at 1.46% YTD. There are 19 mutual funds in the Bank Loan category with higher YTD returns, going as high as 3.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Floating Rate Fund | 3.35% | — | Dec 2009 | RFRAX vs RSFYX | |
| Federated Hermes Project and Trade Finance Tender ... | 2.83% | — | Jan 2017 | RFRAX vs XPTFX | |
| Virtus Seix Floating Rate High Income Fund | 2.69% | — | Feb 2006 | RFRAX vs SAMBX | |
| PGIM Floating Rate Income Fund | 2.29% | — | Mar 2011 | RFRAX vs FRFZX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 2.09% | — | Jun 2023 | RFRAX vs CAPIX |
Lowest Volatility Alternatives to RFRAX
RFRAX has 2.26% 1-year volatility. There are 14 mutual funds in the Bank Loan category with lower 1-year volatility, going as low as 0.77%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | 0.77% | — | Sep 2016 | RFRAX vs RCRIX | |
| Payden Floating Rate Fund | 1.23% | — | Nov 2013 | RFRAX vs PYFRX | |
| BNY Mellon Floating Rate Income Fund | 1.34% | — | Sep 2013 | RFRAX vs DFLYX | |
| Shenkman Capital Floating Rate High Income Fund | 1.66% | — | Oct 2014 | RFRAX vs SFHIX | |
| Donoghue Forlines Risk Managed Income Fund | 1.67% | — | Dec 2017 | RFRAX vs FLOTX |
Lowest Drawdown Alternatives to RFRAX
RFRAX has a 1-year max drawdown of -1.72%. There are 31 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 | |
|---|---|---|---|---|---|
| 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 | |
| Calvert Floating-Rate Advantage Fund | -0.88% | — | Oct 2017 | RFRAX vs CFOIX | |
| 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, GSFTX, CDDYX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Columbia Seligman Technology and Information Fund | Technology Equities | 97 | 53.04% | — | Jun 1983 | RFRAX vs SLMCX | |
| Columbia Dividend Income Fund | Large Cap Value Equities | 64 | 7.09% | — | Mar 1998 | RFRAX vs GSFTX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | Large Cap Value Equities, Dividend | 64 | 7.15% | — | Nov 2012 | RFRAX vs CDDYX | |
| Columbia Dividend Income Fund Class A | Large Cap Value Equities | 62 | 6.98% | — | Nov 2002 | RFRAX vs LBSAX | |
| Columbia Seligman Global Technology Fund | Technology Equities | 96 | 52.89% | — | May 1994 | RFRAX vs SHGTX | |
| Columbia Global Technology Growth Fund Class A | Technology Equities, Large Cap Growth Equities | 82 | 30.14% | — | Nov 2000 | RFRAX vs CTCAX | |
| Columbia Global Technology Growth Fund | Technology Equities | 83 | 30.27% | — | Nov 2000 | RFRAX vs CMTFX | |
| Columbia Contrarian Core Fund | Large Cap Blend Equities | 59 | 10.41% | — | Dec 1992 | RFRAX vs SMGIX | |
| Columbia Balanced Fund | Diversified Portfolio | 64 | 6.77% | — | Sep 1991 | RFRAX vs CBALX | |
| Columbia Overseas Value Fund | Foreign Large Cap Equities | 43 | 6.90% | — | Mar 2008 | RFRAX vs COSZX |
Often Compared With RFRAX
Investors most often compare RFRAX with FFRHX, FLYRX, FFRSX. These 13 comparison targets span 6 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