T. Rowe Price Institutional Floating Rate Fund (RPIFX) Alternatives
T. Rowe Price Institutional Floating Rate Fund (RPIFX) 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 RPIFX. 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 RPIFX
RPIFX charges 0.57% annually. Among mutual funds in the Bank Loan category, these options have the lowest expense ratios among RPIFX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 0.41% | Jan 31, 2017 | RPIFX vs XPTFX | |
| Eaton Vance Floating-Rate Advantage Fund | 0.47% | Mar 16, 2008 | RPIFX vs EIFAX | |
| Shenkman Capital Floating Rate High Income Fund | 0.54% | Oct 14, 2014 | RPIFX vs SFHIX | |
| Lord Abbett Floating Rate Fund | 0.60% | Dec 30, 2007 | RPIFX vs LFRIX | |
| T. Rowe Price Floating Rate Fund Class I | 0.63% | Nov 29, 2016 | RPIFX vs TFAIX |
Best Risk-Adjusted Alternatives to RPIFX
Among mutual funds in the Bank Loan 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 | |
|---|---|---|---|---|
| Calamos Aksia Alternative Credit and Income Fund C... | 100 | Jun 8, 2023 | RPIFX vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 98 | Sep 29, 2016 | RPIFX vs RCRIX | |
| Virtus Seix Floating Rate High Income Fund | 94 | Feb 28, 2006 | RPIFX vs SAMBX | |
| Delaware Floating Rate Fund | 94 | Feb 25, 2010 | RPIFX vs DDFLX | |
| Payden Floating Rate Fund | 94 | Nov 10, 2013 | RPIFX vs PYFRX |
Top Performing RPIFX Alternatives (YTD)
RPIFX alternatives from the Bank Loan category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Calamos Aksia Alternative Credit and Income Fund C... | 1.80% | Jun 8, 2023 | RPIFX vs CAPIX | |
| Victory Floating Rate Fund | 1.46% | Dec 30, 2009 | RPIFX vs RSFYX | |
| Federated Hermes Project and Trade Finance Tender ... | 1.41% | Jan 31, 2017 | RPIFX vs XPTFX | |
| RiverPark Floating Rate CMBS Fund | 0.88% | Sep 29, 2016 | RPIFX vs RCRIX | |
| DWS Floating Rate Fund | 0.51% | Jun 28, 2007 | RPIFX vs DFRTX |
Lowest Volatility Alternatives to RPIFX
RPIFX alternatives from the Bank Loan category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Calamos Aksia Alternative Credit and Income Fund C... | 1.21% | Jun 8, 2023 | RPIFX vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 1.54% | Sep 29, 2016 | RPIFX vs RCRIX | |
| BNY Mellon Floating Rate Income Fund | 1.99% | Sep 26, 2013 | RPIFX vs DFLYX | |
| Payden Floating Rate Fund | 2.04% | Nov 10, 2013 | RPIFX vs PYFRX | |
| Shenkman Capital Floating Rate High Income Fund | 2.16% | Oct 14, 2014 | RPIFX vs SFHIX |
Lowest Drawdown Alternatives to RPIFX
RPIFX alternatives from the Bank Loan category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Calamos Aksia Alternative Credit and Income Fund C... | -0.37% | Jun 8, 2023 | RPIFX vs CAPIX | |
| Federated Hermes Floating Rate Strat Inc Fund | -1.40% | Dec 2, 2010 | RPIFX vs FFRSX | |
| Pioneer Floating Rate Fund | -1.64% | Feb 13, 2007 | RPIFX vs FLYRX | |
| Delaware Floating Rate Fund | -1.65% | Feb 25, 2010 | RPIFX vs DDFLX | |
| BNY Mellon Floating Rate Income Fund | -1.73% | Sep 26, 2013 | RPIFX vs DFLYX |
Other Mutual Funds from T. Rowe Price
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Often Compared With RPIFX
What investors most often compare with RPIFX, based on PortfoliosLab usage data.
Compare RPIFX with Any Fund or Stock
Compare RPIFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.