FAFRX vs. DFRPX

Last updated Jun 4, 2026

FAFRX (Franklin Floating Rate Daily Access Fund Class A) and DFRPX (DWS Floating Rate Fund Class S) are both Bank Loan funds. Both are actively managed. At a 0.45 correlation, their price movements are largely independent. FAFRX charges 0.95%/yr vs 0.87%/yr for DFRPX.

Performance

FAFRX vs. DFRPX - Performance Comparison

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

Returns By Period

FAFRX

• 1D: 0.00%
• 1M: 0.59%
• YTD: 1.07%
• 6M: 0.97%
• 1Y: 3.22%
• 3Y*: 7.39%
• 5Y*: 5.83%
• 10Y*: 4.14%

DFRPX

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

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

FAFRX vs. DFRPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAFRX Franklin Floating Rate Daily Access Fund Class A	1.07%	4.41%	8.25%	14.10%	-1.75%	8.41%	-4.37%	3.17%	0.57%	2.19%
DFRPX DWS Floating Rate Fund Class S	0.38%	3.45%	7.72%	11.42%	-1.52%	3.75%	0.89%	8.69%	-0.58%	1.57%

Correlation

The correlation between FAFRX and DFRPX 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	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jul 2, 2007	0.45

Over the past year, the correlation between FAFRX and DFRPX has dropped to 0.14 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.

Return for Risk

FAFRX vs. DFRPX — Risk / Return Rank

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

FAFRX

FAFRX Risk / Return Rank: 24
FAFRX Sharpe Ratio Rank: 16
FAFRX Sortino Ratio Rank: 26
FAFRX Omega Ratio Rank: 35
FAFRX Calmar Ratio Rank: 25
FAFRX Martin Ratio Rank: 21

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.

FAFRX vs. DFRPX - Risk-Adjusted Trends Comparison

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

	FAFRX	DFRPX	Difference
Sharpe ratio: Return per unit of total volatility	1.12	—	—
Sortino ratio: Return per unit of downside risk	2.12	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	1.83	—	—
Martin ratio: Return relative to average drawdown	5.44	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FAFRX	DFRPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.12	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.77	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	—	—

Drawdowns

Drawdown Indicators

	FAFRX	DFRPX	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	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-1.57%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.59%	—	—

Volatility

Volatility by Period

	FAFRX	DFRPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.15%	—	—
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%	—	—

FAFRX vs. DFRPX - Expense Ratio Comparison

FAFRX has a 0.95% expense ratio, which is higher than DFRPX's 0.87% expense ratio.

Dividends

FAFRX vs. DFRPX - Dividend Comparison

FAFRX's dividend yield for the trailing twelve months is around 7.61%, more than DFRPX's 5.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFRPX DWS Floating Rate Fund Class S	5.11%	5.99%	8.67%	8.22%	4.25%	3.31%	3.75%	4.80%	4.21%	4.39%	4.76%	4.63%
FAFRX Franklin Floating Rate Daily Access Fund Class A	7.61%	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 FAFRX and DFRPX in my portfolio?

FAFRX and DFRPX 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.