BFRAX vs. RCRIX
BFRAX (BlackRock Floating Rate Income Fund) and RCRIX (RiverPark Floating Rate CMBS Fund) are both Bank Loan funds. Over the past 5 years, BFRAX returned 4.77%/yr vs 5.31%/yr for RCRIX. Their 0.15 correlation means their historical movements had little consistent relationship. BFRAX charges 0.90%/yr vs 0.85%/yr for RCRIX.
Performance
BFRAX vs. RCRIX - Performance Comparison
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Returns By Period
In the year-to-date period, BFRAX achieves a 0.92% return, which is significantly lower than RCRIX's 2.31% return.
BFRAX
- 1D
- 0.00%
- 1M
- 0.11%
- 6M
- 1.36%
- YTD
- 0.92%
- 1Y
- 3.05%
- 3Y*
- 6.10%
- 5Y*
- 4.77%
- 10Y*
- 4.23%
- ALL TIME*
- 1.09%
RCRIX
- 1D
- 0.11%
- 1M
- 0.00%
- 6M
- 1.69%
- YTD
- 2.31%
- 1Y
- 4.34%
- 3Y*
- 6.93%
- 5Y*
- 5.31%
- 10Y*
- —
- ALL TIME*
- 8.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BFRAX vs. RCRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BFRAX BlackRock Floating Rate Income Fund | 0.92% | 5.35% | 8.12% | 9.94% | -1.43% | 3.59% | 2.39% | 8.60% | -0.74% | 1.75% |
RCRIX RiverPark Floating Rate CMBS Fund | 2.31% | 5.56% | 10.01% | 9.85% | -0.72% | 2.81% | -8.51% | 4.46% | 59.17% | 3.09% |
Correlation
The correlation between BFRAX and RCRIX is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2017 | 0.15 |
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Return for Risk
BFRAX vs. RCRIX — Risk / Return Rank
BFRAX
RCRIX
BFRAX vs. RCRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Fund (BFRAX) and RiverPark Floating Rate CMBS Fund (RCRIX). 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.
| BFRAX | RCRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.57 | ||
| Sortino ratioReturn per unit of downside risk | -5.64 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 4.84 | -3.44 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 9.94 | -8.14 |
| Martin ratioReturn relative to average drawdown | 5.52 | 95.73 | -90.21 |
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Drawdowns
BFRAX vs. RCRIX - Drawdown Comparison
The maximum BFRAX drawdown since its inception was -44.69%, which is greater than RCRIX's maximum drawdown of -30.00%. Use the drawdown chart below to compare losses from any high point for BFRAX and RCRIX.
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Drawdown Indicators
| BFRAX | RCRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.69% | -30.00% | -14.69% |
Max Drawdown (1Y)Largest decline over 1 year | -1.70% | -0.45% | -1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -2.81% | -1.93% | -0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -6.43% | -3.75% | -2.68% |
Max Drawdown (10Y)Largest decline over 10 years | -20.61% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -0.34% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -2.95% | -3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.05% | +0.50% |
Volatility
BFRAX vs. RCRIX - Volatility Comparison
The current volatility for BlackRock Floating Rate Income Fund (BFRAX) is 0.24%, while RiverPark Floating Rate CMBS Fund (RCRIX) has a volatility of 0.52%. This indicates that BFRAX experiences smaller price fluctuations and is considered to be less risky than RCRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BFRAX | RCRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.24% | 0.52% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 1.54% | 0.74% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.15% | 0.90% | +1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.80% | 1.61% | +1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.94% | 7.86% | -3.92% |
BFRAX vs. RCRIX - Expense Ratio Comparison
BFRAX has a 0.90% expense ratio, which is higher than RCRIX's 0.85% expense ratio.
Dividends
BFRAX vs. RCRIX - Dividend Comparison
BFRAX's dividend yield for the trailing twelve months is around 5.80%, more than RCRIX's 4.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFRAX BlackRock Floating Rate Income Fund | 5.80% | 6.68% | 8.00% | 6.24% | 4.09% | 2.91% | 3.81% | 4.65% | 4.58% | 3.45% | 3.90% | 4.02% |
RCRIX RiverPark Floating Rate CMBS Fund | 4.37% | 5.30% | 6.85% | 7.90% | 3.80% | 2.34% | 3.16% | 3.36% | 49.16% | 3.64% | 0.00% | 0.00% |
Frequently Asked Questions
BFRAX and RCRIX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RCRIX has higher volatility (0.52%) compared to BFRAX (0.24%). In terms of maximum drawdown, BFRAX dropped -44.69% vs RCRIX's -30.00%.
RCRIX currently has the higher Sharpe Ratio (5.00 vs 1.43), 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.
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