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DFLYX vs. FRFZX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

DFLYX vs. FRFZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Floating Rate Income Fund (DFLYX) and PGIM Floating Rate Income Fund (FRFZX). The values are adjusted to include any dividend payments, if applicable.

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DFLYX vs. FRFZX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
DFLYX
BNY Mellon Floating Rate Income Fund
-0.51%4.84%9.77%13.29%-1.15%4.84%2.66%7.15%-0.58%3.48%
FRFZX
PGIM Floating Rate Income Fund
-0.61%5.66%9.45%14.11%-3.56%5.46%4.62%7.47%-0.13%4.48%

Returns By Period

In the year-to-date period, DFLYX achieves a -0.51% return, which is significantly higher than FRFZX's -0.61% return. Over the past 10 years, DFLYX has underperformed FRFZX with an annualized return of 4.94%, while FRFZX has yielded a comparatively higher 5.30% annualized return.


DFLYX

1D
0.00%
1M
0.36%
YTD
-0.51%
6M
0.19%
1Y
4.33%
3Y*
7.97%
5Y*
5.76%
10Y*
4.94%

FRFZX

1D
-0.11%
1M
-0.34%
YTD
-0.61%
6M
0.74%
1Y
4.85%
3Y*
8.27%
5Y*
5.44%
10Y*
5.30%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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DFLYX vs. FRFZX - Expense Ratio Comparison

DFLYX has a 0.73% expense ratio, which is higher than FRFZX's 0.70% expense ratio.


Return for Risk

DFLYX vs. FRFZX — Risk / Return Rank

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

DFLYX
DFLYX Risk / Return Rank: 9090
Overall Rank
DFLYX Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
DFLYX Sortino Ratio Rank: 9595
Sortino Ratio Rank
DFLYX Omega Ratio Rank: 9696
Omega Ratio Rank
DFLYX Calmar Ratio Rank: 8585
Calmar Ratio Rank
DFLYX Martin Ratio Rank: 8080
Martin Ratio Rank

FRFZX
FRFZX Risk / Return Rank: 9191
Overall Rank
FRFZX Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
FRFZX Sortino Ratio Rank: 9595
Sortino Ratio Rank
FRFZX Omega Ratio Rank: 9797
Omega Ratio Rank
FRFZX Calmar Ratio Rank: 8686
Calmar Ratio Rank
FRFZX Martin Ratio Rank: 8787
Martin Ratio Rank
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.

DFLYX vs. FRFZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Floating Rate Income Fund (DFLYX) and PGIM Floating Rate Income Fund (FRFZX). 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.


DFLYXFRFZXDifference

Sharpe ratio

Return per unit of total volatility

2.10

1.95

+0.15

Sortino ratio

Return per unit of downside risk

3.11

3.26

-0.14

Omega ratio

Gain probability vs. loss probability

1.56

1.62

-0.07

Calmar ratio

Return relative to maximum drawdown

2.14

2.21

-0.07

Martin ratio

Return relative to average drawdown

7.82

9.23

-1.41

DFLYX vs. FRFZX - Sharpe Ratio Comparison

The current DFLYX Sharpe Ratio is 2.10, which is comparable to the FRFZX Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of DFLYX and FRFZX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


DFLYXFRFZXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.10

1.95

+0.15

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

3.03

1.78

+1.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.63

1.34

+0.28

Sharpe Ratio (All Time)

Calculated using the full available price history

1.48

1.36

+0.11

Correlation

The correlation between DFLYX and FRFZX is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Dividends

DFLYX vs. FRFZX - Dividend Comparison

DFLYX's dividend yield for the trailing twelve months is around 8.17%, more than FRFZX's 7.00% yield.


TTM20252024202320222021202020192018201720162015
DFLYX
BNY Mellon Floating Rate Income Fund
8.17%7.50%8.78%8.78%5.49%4.22%4.66%5.54%5.19%3.77%4.14%4.65%
FRFZX
PGIM Floating Rate Income Fund
7.00%7.65%8.76%8.87%6.41%3.33%5.35%5.42%5.06%4.90%4.34%3.97%

Drawdowns

DFLYX vs. FRFZX - Drawdown Comparison

The maximum DFLYX drawdown since its inception was -18.83%, smaller than the maximum FRFZX drawdown of -21.95%. Use the drawdown chart below to compare losses from any high point for DFLYX and FRFZX.


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Drawdown Indicators


DFLYXFRFZXDifference

Max Drawdown

Largest peak-to-trough decline

-18.83%

-21.95%

+3.12%

Max Drawdown (1Y)

Largest decline over 1 year

-1.73%

-2.23%

+0.50%

Max Drawdown (5Y)

Largest decline over 5 years

-6.28%

-7.85%

+1.57%

Max Drawdown (10Y)

Largest decline over 10 years

-18.83%

-21.95%

+3.12%

Current Drawdown

Current decline from peak

-1.06%

-0.85%

-0.21%

Average Drawdown

Average peak-to-trough decline

-0.80%

-0.93%

+0.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.53%

0.56%

-0.03%

Volatility

DFLYX vs. FRFZX - Volatility Comparison

BNY Mellon Floating Rate Income Fund (DFLYX) and PGIM Floating Rate Income Fund (FRFZX) have volatilities of 0.63% and 0.60%, 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.


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Volatility by Period


DFLYXFRFZXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.63%

0.60%

+0.03%

Volatility (6M)

Calculated over the trailing 6-month period

1.06%

1.58%

-0.52%

Volatility (1Y)

Calculated over the trailing 1-year period

1.99%

2.72%

-0.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

1.91%

3.07%

-1.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.05%

3.96%

-0.91%