BCGIX vs. PRFRX

Last updated Jun 5, 2026

BCGIX (BrandywineGLOBAL Corporate Credit Fund Class I) and PRFRX (T. Rowe Price Floating Rate Fund) are both High Yield Bonds funds. Over the past 3 years, BCGIX returned 7.55%/yr vs 10.17%/yr for PRFRX. A 0.53 correlation means they provide meaningful diversification when combined. BCGIX charges 0.60%/yr vs 0.75%/yr for PRFRX.

Performance

BCGIX vs. PRFRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BrandywineGLOBAL Corporate Credit Fund Class I (BCGIX) and T. Rowe Price Floating Rate Fund (PRFRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCGIX achieves a 0.30% return, which is significantly lower than PRFRX's 1.28% return.

BCGIX

• 1D: -0.10%
• 1M: 0.31%
• YTD: 0.30%
• 6M: 0.85%
• 1Y: 4.32%
• 3Y*: 7.55%
• 5Y*: —
• 10Y*: —

PRFRX

• 1D: -0.11%
• 1M: 0.34%
• YTD: 1.28%
• 6M: 2.57%
• 1Y: 8.04%
• 3Y*: 10.17%
• 5Y*: 7.06%
• 10Y*: 5.50%

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

BCGIX vs. PRFRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BCGIX BrandywineGLOBAL Corporate Credit Fund Class I	0.30%	5.51%	9.19%	11.72%	-9.32%	1.21%
PRFRX T. Rowe Price Floating Rate Fund	1.28%	9.82%	11.04%	13.78%	-1.95%	1.76%

Correlation

The correlation between BCGIX and PRFRX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (All Time) Calculated using the full available price history since Aug 5, 2021	0.53

The correlation between BCGIX and PRFRX has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.

Return for Risk

BCGIX vs. PRFRX — Risk / Return Rank

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

BCGIX

BCGIX Risk / Return Rank: 37
BCGIX Sharpe Ratio Rank: 32
BCGIX Sortino Ratio Rank: 46
BCGIX Omega Ratio Rank: 46
BCGIX Calmar Ratio Rank: 26
BCGIX Martin Ratio Rank: 37

PRFRX

PRFRX Risk / Return Rank: 95
PRFRX Sharpe Ratio Rank: 91
PRFRX Sortino Ratio Rank: 99
PRFRX Omega Ratio Rank: 98
PRFRX Calmar Ratio Rank: 94
PRFRX Martin Ratio Rank: 94

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.

BCGIX vs. PRFRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BrandywineGLOBAL Corporate Credit Fund Class I (BCGIX) and T. Rowe Price Floating Rate Fund (PRFRX). 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.

	BCGIX	PRFRX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	3.10	-1.55
Sortino ratio: Return per unit of downside risk	2.76	7.93	-5.17
Omega ratio: Gain probability vs. loss probability	1.35	2.27	-0.91
Calmar ratio: Return relative to maximum drawdown	1.82	5.46	-3.64
Martin ratio: Return relative to average drawdown	7.92	20.69	-12.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BCGIX vs. PRFRX - Sharpe Ratio Comparison

The current BCGIX Sharpe Ratio is 1.55, which is lower than the PRFRX Sharpe Ratio of 3.10. The chart below compares the historical Sharpe Ratios of BCGIX and PRFRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BCGIX	PRFRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	3.10	-1.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	2.44	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	1.43	-0.54

Drawdowns

BCGIX vs. PRFRX - Drawdown Comparison

The maximum BCGIX drawdown since its inception was -13.16%, smaller than the maximum PRFRX drawdown of -20.05%. Use the drawdown chart below to compare losses from any high point for BCGIX and PRFRX.

Drawdown Indicators

	BCGIX	PRFRX	Difference
Max Drawdown Largest peak-to-trough decline	-13.16%	-20.05%	+6.89%
Max Drawdown (1Y) Largest decline over 1 year	-2.49%	-1.50%	-0.99%
Max Drawdown (3Y) Largest decline over 3 years	-3.71%	-2.35%	-1.36%
Max Drawdown (5Y) Largest decline over 5 years	—	-5.94%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-20.05%	—
Current Drawdown Current decline from peak	-0.10%	-0.11%	+0.01%
Average Drawdown Average peak-to-trough decline	-2.94%	-0.69%	-2.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.57%	0.40%	+0.17%

Volatility

BCGIX vs. PRFRX - Volatility Comparison

BrandywineGLOBAL Corporate Credit Fund Class I (BCGIX) has a higher volatility of 0.77% compared to T. Rowe Price Floating Rate Fund (PRFRX) at 0.63%. This indicates that BCGIX's price experiences larger fluctuations and is considered to be riskier than PRFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCGIX	PRFRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.77%	0.63%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	2.26%	1.84%	+0.42%
Volatility (1Y) Calculated over the trailing 1-year period	2.92%	2.64%	+0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.07%	2.91%	+1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.07%	3.92%	+0.15%

BCGIX vs. PRFRX - Expense Ratio Comparison

BCGIX has a 0.60% expense ratio, which is lower than PRFRX's 0.75% expense ratio.

Dividends

BCGIX vs. PRFRX - Dividend Comparison

BCGIX's dividend yield for the trailing twelve months is around 5.83%, less than PRFRX's 9.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BCGIX BrandywineGLOBAL Corporate Credit Fund Class I	5.83%	6.50%	7.11%	4.87%	5.21%	4.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PRFRX T. Rowe Price Floating Rate Fund	9.22%	9.99%	10.20%	9.57%	4.03%	3.86%	4.00%	4.84%	4.87%	4.04%	4.07%	4.07%

Frequently Asked Questions

Can I hold both BCGIX and PRFRX in my portfolio?

BCGIX and PRFRX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BCGIX or PRFRX?

BCGIX has higher volatility (0.77%) compared to PRFRX (0.63%). In terms of maximum drawdown, BCGIX dropped -13.16% vs PRFRX's -20.05%.

Which has better risk-adjusted returns?

PRFRX currently has the higher Sharpe Ratio (3.10 vs 1.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.