Correlation
The correlation between DDJIX and PRFRX is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
DDJIX vs. PRFRX
Compare and contrast key facts about Polen DDJ Opportunistic High Yield Fund (DDJIX) and T. Rowe Price Floating Rate Fund (PRFRX).
DDJIX is managed by Polen Capital. It was launched on Jul 16, 2015. PRFRX is managed by T. Rowe Price. It was launched on Jul 29, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DDJIX or PRFRX.
Performance
DDJIX vs. PRFRX - Performance Comparison
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Key characteristics
DDJIX:
2.21
PRFRX:
2.35
DDJIX:
2.98
PRFRX:
4.66
DDJIX:
1.56
PRFRX:
2.06
DDJIX:
1.71
PRFRX:
2.98
DDJIX:
8.13
PRFRX:
15.03
DDJIX:
0.81%
PRFRX:
0.49%
DDJIX:
3.00%
PRFRX:
2.89%
DDJIX:
-21.42%
PRFRX:
-20.05%
DDJIX:
-0.55%
PRFRX:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with DDJIX having a 1.52% return and PRFRX slightly higher at 1.57%.
DDJIX
1.52%
1.41%
2.10%
6.52%
5.76%
6.14%
N/A
PRFRX
1.57%
0.87%
2.00%
6.52%
8.18%
6.59%
4.52%
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DDJIX vs. PRFRX - Expense Ratio Comparison
DDJIX has a 0.79% expense ratio, which is higher than PRFRX's 0.75% expense ratio.
Risk-Adjusted Performance
DDJIX vs. PRFRX — Risk-Adjusted Performance Rank
DDJIX
PRFRX
DDJIX vs. PRFRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Polen DDJ Opportunistic High Yield Fund (DDJIX) 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.
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Dividends
DDJIX vs. PRFRX - Dividend Comparison
DDJIX's dividend yield for the trailing twelve months is around 7.24%, more than PRFRX's 6.97% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DDJIX Polen DDJ Opportunistic High Yield Fund | 7.24% | 7.97% | 8.53% | 7.59% | 5.99% | 7.01% | 8.24% | 9.08% | 10.19% | 8.84% | 2.52% | 0.00% |
PRFRX T. Rowe Price Floating Rate Fund | 6.97% | 8.18% | 8.33% | 5.32% | 3.87% | 4.00% | 4.84% | 4.86% | 4.04% | 4.08% | 4.08% | 3.95% |
Drawdowns
DDJIX vs. PRFRX - Drawdown Comparison
The maximum DDJIX drawdown since its inception was -21.42%, which is greater than PRFRX's maximum drawdown of -20.05%. Use the drawdown chart below to compare losses from any high point for DDJIX and PRFRX.
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Volatility
DDJIX vs. PRFRX - Volatility Comparison
Polen DDJ Opportunistic High Yield Fund (DDJIX) has a higher volatility of 1.10% compared to T. Rowe Price Floating Rate Fund (PRFRX) at 0.43%. This indicates that DDJIX'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.
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