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Columbia Floating Rate Fund (RFRAX) Sharpe Ratio: 2.35

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

Under normal market conditions, at least 80% of the fund's net assets (including the amount of any borrowings for investment purposes) will be invested in floating rate loans and floating rate debt securities. These debt instruments will generally be rated non-investment grade by recognized rating agencies (similar to "high yield" investments or "junk bonds") or, if unrated, determined to be of comparable quality. It may invest up to 25% of its net assets in foreign investments.

RFRAX's Sharpe Ratio of 2.35 indicates that for each unit of volatility, it generates 2.35 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

RFRAX Sharpe Ratio Rank

RFRAX Sharpe Ratio Rank: 64.364
Above Average

RFRAX ranks above 64.3% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

RFRAX Sharpe Ratio Market Positioning

The chart shows RFRAX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.42 or lower
  • Yellow zone (middle 50%): 1.42 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 4.65+
  • Median: 2.09 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Columbia Floating Rate Fund's Sharpe Ratio with other mutual funds in the Bank Loan category across multiple time periods, showing how RFRAX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
RCRIXRiverPark Floating Rate CMBS Fund6.73
PYFRXPayden Floating Rate Fund5.34
CAPIXCalamos Aksia Alternative Credit and Income Fund Class I4.53
DFLYXBNY Mellon Floating Rate Income Fund3.77
DAFRXDunham Floating Rate Bond Fund3.07
SAMBXVirtus Seix Floating Rate High Income Fund3.06
SFHIXShenkman Capital Floating Rate High Income Fund2.99
DDFLXDelaware Floating Rate Fund2.77
FRFZXPGIM Floating Rate Income Fund2.69
LFRAXLord Abbett Floating Rate Fund Class A2.68
RFRAXColumbia Floating Rate Fund2.35

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows RFRAX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when RFRAX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does RFRAX fit in your portfolio?

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