DDFLX vs. TFAIX

Last updated Jun 4, 2026

DDFLX (Delaware Floating Rate Fund) and TFAIX (T. Rowe Price Floating Rate Fund Class I) are both Bank Loan funds. Over the past 5 years, DDFLX returned 5.79%/yr vs 5.57%/yr for TFAIX. A 0.55 correlation means they provide meaningful diversification when combined. DDFLX charges 0.67%/yr vs 0.63%/yr for TFAIX.

Performance

DDFLX vs. TFAIX - Performance Comparison

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

Returns By Period

In the year-to-date period, DDFLX achieves a 1.89% return, which is significantly higher than TFAIX's 1.45% return.

DDFLX

• 1D: 0.00%
• 1M: 0.67%
• YTD: 1.89%
• 6M: 2.59%
• 1Y: 6.20%
• 3Y*: 8.22%
• 5Y*: 5.79%
• 10Y*: 5.41%

TFAIX

• 1D: 0.00%
• 1M: 0.46%
• YTD: 1.45%
• 6M: 2.16%
• 1Y: 5.77%
• 3Y*: 8.22%
• 5Y*: 5.57%
• 10Y*: —

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

DDFLX vs. TFAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DDFLX Delaware Floating Rate Fund	1.89%	6.01%	8.92%	10.75%	-0.62%	5.46%	3.17%	10.69%	1.26%	4.55%
TFAIX T. Rowe Price Floating Rate Fund Class I	1.45%	6.61%	9.06%	10.85%	-1.85%	4.73%	1.88%	8.71%	0.06%	3.39%

Correlation

The correlation between DDFLX and TFAIX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.55

Over the past year, the correlation between DDFLX and TFAIX has dropped to 0.34 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.

Return for Risk

DDFLX vs. TFAIX — Risk / Return Rank

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

DDFLX

DDFLX Risk / Return Rank: 94
DDFLX Sharpe Ratio Rank: 85
DDFLX Sortino Ratio Rank: 98
DDFLX Omega Ratio Rank: 98
DDFLX Calmar Ratio Rank: 94
DDFLX Martin Ratio Rank: 93

TFAIX

TFAIX Risk / Return Rank: 84
TFAIX Sharpe Ratio Rank: 70
TFAIX Sortino Ratio Rank: 97
TFAIX Omega Ratio Rank: 96
TFAIX Calmar Ratio Rank: 81
TFAIX Martin Ratio Rank: 75

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.

DDFLX vs. TFAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Delaware Floating Rate Fund (DDFLX) and T. Rowe Price Floating Rate Fund Class I (TFAIX). 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.

	DDFLX	TFAIX	Difference
Sharpe ratio Return per unit of total volatility	2.77	2.45	+0.32
Sortino ratio Return per unit of downside risk	6.81	5.72	+1.09
Omega ratio Gain probability vs. loss probability	2.22	1.89	+0.32
Calmar ratio Return relative to maximum drawdown	5.63	3.70	+1.93
Martin ratio Return relative to average drawdown	20.66	14.23	+6.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DDFLX vs. TFAIX - Sharpe Ratio Comparison

The current DDFLX Sharpe Ratio is 2.77, which is comparable to the TFAIX Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of DDFLX and TFAIX, 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

	DDFLX	TFAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.77	2.45	+0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.16	2.01	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.37	1.19	+0.17

Drawdowns

DDFLX vs. TFAIX - Drawdown Comparison

The maximum DDFLX drawdown since its inception was -18.09%, smaller than the maximum TFAIX drawdown of -19.93%. Use the drawdown chart below to compare losses from any high point for DDFLX and TFAIX.

Drawdown Indicators

	DDFLX	TFAIX	Difference
Max Drawdown Largest peak-to-trough decline	-18.09%	-19.93%	+1.84%
Max Drawdown (1Y) Largest decline over 1 year	-1.11%	-1.59%	+0.48%
Max Drawdown (3Y) Largest decline over 3 years	-2.05%	-2.34%	+0.29%
Max Drawdown (5Y) Largest decline over 5 years	-5.18%	-5.88%	+0.70%
Max Drawdown (10Y) Largest decline over 10 years	-18.09%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.67%	-0.78%	+0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.30%	0.41%	-0.11%

Volatility

DDFLX vs. TFAIX - Volatility Comparison

Delaware Floating Rate Fund (DDFLX) and T. Rowe Price Floating Rate Fund Class I (TFAIX) have volatilities of 0.61% and 0.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DDFLX	TFAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.61%	0.63%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	1.69%	1.82%	-0.13%
Volatility (1Y) Calculated over the trailing 1-year period	2.26%	2.41%	-0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.70%	2.79%	-0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.50%	3.94%	-0.44%

DDFLX vs. TFAIX - Expense Ratio Comparison

DDFLX has a 0.67% expense ratio, which is higher than TFAIX's 0.63% expense ratio.

Dividends

DDFLX vs. TFAIX - Dividend Comparison

DDFLX's dividend yield for the trailing twelve months is around 6.79%, less than TFAIX's 6.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DDFLX Delaware Floating Rate Fund	6.79%	7.21%	8.62%	7.17%	5.04%	3.96%	4.89%	6.54%	5.73%	4.33%	2.09%	2.34%
TFAIX T. Rowe Price Floating Rate Fund Class I	6.95%	7.14%	8.30%	7.12%	4.13%	3.98%	4.12%	4.97%	5.01%	4.15%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DDFLX and TFAIX in my portfolio?

DDFLX and TFAIX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DDFLX or TFAIX?

TFAIX has higher volatility (0.63%) compared to DDFLX (0.61%). In terms of maximum drawdown, DDFLX dropped -18.09% vs TFAIX's -19.93%.

Which has better risk-adjusted returns?

DDFLX currently has the higher Sharpe Ratio (2.77 vs 2.45), 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.