DFRTX vs. FAFRX

Last updated Jun 23, 2026

DFRTX (DWS Floating Rate Fund) and FAFRX (Franklin Floating Rate Daily Access Fund Class A) are both Bank Loan funds. At a 0.46 correlation, their price movements are largely independent. DFRTX charges 0.78%/yr vs 0.95%/yr for FAFRX.

Performance

DFRTX vs. FAFRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DWS Floating Rate Fund (DFRTX) and Franklin Floating Rate Daily Access Fund Class A (FAFRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DFRTX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FAFRX

• 1D: -0.14%
• 1M: 0.32%
• YTD: 0.65%
• 6M: 0.82%
• 1Y: 3.07%
• 3Y*: 6.86%
• 5Y*: 5.74%
• 10Y*: 4.10%

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

DFRTX vs. FAFRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DFRTX DWS Floating Rate Fund	0.51%	3.50%	7.82%	11.54%	-1.54%	3.85%	1.12%	8.66%	-0.49%	1.68%
FAFRX Franklin Floating Rate Daily Access Fund Class A	0.65%	4.41%	8.25%	14.10%	-1.75%	8.41%	-4.37%	3.17%	0.57%	2.19%

Correlation

The correlation between DFRTX and FAFRX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Jun 29, 2007	0.46

Over the past year, the correlation between DFRTX and FAFRX has dropped to 0.14 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.

Return for Risk

DFRTX vs. FAFRX — Risk / Return Rank

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

DFRTX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FAFRX

FAFRX Risk / Return Rank: 25
FAFRX Sharpe Ratio Rank: 16
FAFRX Sortino Ratio Rank: 27
FAFRX Omega Ratio Rank: 36
FAFRX Calmar Ratio Rank: 25
FAFRX Martin Ratio Rank: 23

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.

DFRTX vs. FAFRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DWS Floating Rate Fund (DFRTX) and Franklin Floating Rate Daily Access Fund Class A (FAFRX). 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.

	DFRTX	FAFRX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.06	—
Sortino ratio: Return per unit of downside risk	—	2.01	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	1.74	—
Martin ratio: Return relative to average drawdown	—	5.17	—

Drawdowns

Drawdown Indicators

	DFRTX	FAFRX	Difference
Max Drawdown Largest peak-to-trough decline	—	-25.94%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-1.78%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-2.86%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-6.28%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-18.09%	—
Current Drawdown Current decline from peak	—	-0.41%	—
Average Drawdown Average peak-to-trough decline	—	-1.57%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.60%	—

Volatility

Volatility by Period

	DFRTX	FAFRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	2.91%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	3.31%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	3.84%	—

DFRTX vs. FAFRX - Expense Ratio Comparison

DFRTX has a 0.78% expense ratio, which is lower than FAFRX's 0.95% expense ratio.

Dividends

DFRTX vs. FAFRX - Dividend Comparison

DFRTX's dividend yield for the trailing twelve months is around 4.84%, less than FAFRX's 7.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFRTX DWS Floating Rate Fund	4.84%	6.04%	8.77%	8.33%	4.36%	3.41%	3.84%	4.90%	4.30%	4.49%	4.86%	4.73%
FAFRX Franklin Floating Rate Daily Access Fund Class A	7.64%	7.76%	9.17%	7.43%	5.59%	3.47%	4.52%	5.38%	4.92%	3.55%	4.33%	4.84%

Frequently Asked Questions

Can I hold both DFRTX and FAFRX in my portfolio?

DFRTX and FAFRX 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.