AFRAX vs. DFRTX

Last updated Jun 23, 2026

AFRAX (Invesco Floating Rate ESG Fund) and DFRTX (DWS Floating Rate Fund) are both Bank Loan funds. A 0.51 correlation means they provide meaningful diversification when combined. AFRAX charges 1.04%/yr vs 0.78%/yr for DFRTX.

Performance

AFRAX vs. DFRTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Floating Rate ESG Fund (AFRAX) and DWS Floating Rate Fund (DFRTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AFRAX

• 1D: 0.00%
• 1M: 0.62%
• YTD: 0.26%
• 6M: 0.75%
• 1Y: 3.59%
• 3Y*: 5.65%
• 5Y*: 4.32%
• 10Y*: 4.48%

DFRTX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AFRAX vs. DFRTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AFRAX Invesco Floating Rate ESG Fund	0.26%	4.57%	6.80%	10.86%	-2.26%	6.24%	1.53%	7.25%	-0.19%	3.99%
DFRTX DWS Floating Rate Fund	0.51%	3.50%	7.82%	11.54%	-1.54%	3.85%	1.12%	8.66%	-0.49%	1.68%

Correlation

The correlation between AFRAX and DFRTX is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jun 29, 2007	0.51

Over the past year, the correlation between AFRAX and DFRTX has dropped to 0.10 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.

Return for Risk

AFRAX vs. DFRTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AFRAX

AFRAX Risk / Return Rank: 49
AFRAX Sharpe Ratio Rank: 24
AFRAX Sortino Ratio Rank: 63
AFRAX Omega Ratio Rank: 74
AFRAX Calmar Ratio Rank: 49
AFRAX Martin Ratio Rank: 35

DFRTX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AFRAX vs. DFRTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Floating Rate ESG Fund (AFRAX) and DWS Floating Rate Fund (DFRTX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AFRAX	DFRTX	Difference
Sharpe ratio: Return per unit of total volatility	1.30	—	—
Sortino ratio: Return per unit of downside risk	3.03	—	—
Omega ratio: Gain probability vs. loss probability	1.44	—	—
Calmar ratio: Return relative to maximum drawdown	2.57	—	—
Martin ratio: Return relative to average drawdown	7.43	—	—

Drawdowns

Drawdown Indicators

	AFRAX	DFRTX	Difference
Max Drawdown Largest peak-to-trough decline	-37.60%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-1.41%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-2.62%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-6.29%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-18.91%	—	—
Current Drawdown Current decline from peak	-0.17%	—	—
Average Drawdown Average peak-to-trough decline	-4.38%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.49%	—	—

Volatility

Volatility by Period

	AFRAX	DFRTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.78%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.22%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.74%	—	—

AFRAX vs. DFRTX - Expense Ratio Comparison

AFRAX has a 1.04% expense ratio, which is higher than DFRTX's 0.78% expense ratio.

Dividends

AFRAX vs. DFRTX - Dividend Comparison

AFRAX's dividend yield for the trailing twelve months is around 7.76%, more than DFRTX's 4.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AFRAX Invesco Floating Rate ESG Fund	7.76%	8.06%	8.39%	7.85%	7.03%	3.84%	4.13%	5.52%	4.59%	4.04%	4.01%	5.23%
DFRTX DWS Floating Rate Fund	4.84%	6.04%	8.77%	8.33%	4.36%	3.41%	3.84%	4.90%	4.30%	4.49%	4.86%	4.73%

Frequently Asked Questions

Can I hold both AFRAX and DFRTX in my portfolio?

AFRAX and DFRTX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.