FDAAX vs. RSFYX
FDAAX (Franklin Floating Rate Daily Access Fund) and RSFYX (Victory Floating Rate Fund) are both Bank Loan funds. Over the past 10 years, FDAAX returned 4.40%/yr vs 4.92%/yr for RSFYX. A 0.56 correlation means they provide meaningful diversification when combined. FDAAX charges 0.67%/yr vs 0.79%/yr for RSFYX.
Performance
FDAAX vs. RSFYX - Performance Comparison
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Returns By Period
In the year-to-date period, FDAAX achieves a 0.62% return, which is significantly lower than RSFYX's 3.48% return. Over the past 10 years, FDAAX has underperformed RSFYX with an annualized return of 4.40%, while RSFYX has yielded a comparatively higher 4.92% annualized return.
FDAAX
- 1D
- -0.14%
- 1M
- 0.34%
- YTD
- 0.62%
- 6M
- 0.81%
- 1Y
- 3.32%
- 3Y*
- 7.12%
- 5Y*
- 6.00%
- 10Y*
- 4.40%
RSFYX
- 1D
- 0.00%
- 1M
- 0.85%
- YTD
- 3.48%
- 6M
- 4.67%
- 1Y
- 8.69%
- 3Y*
- 8.30%
- 5Y*
- 4.08%
- 10Y*
- 4.92%
FDAAX vs. RSFYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDAAX Franklin Floating Rate Daily Access Fund | 0.62% | 4.68% | 8.52% | 14.35% | -1.37% | 8.55% | -3.71% | 3.30% | 0.95% | 2.44% |
RSFYX Victory Floating Rate Fund | 3.48% | 7.09% | 8.64% | 7.48% | -6.82% | 4.12% | 4.96% | 9.68% | 0.69% | 4.00% |
Correlation
The correlation between FDAAX and RSFYX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2010 | 0.56 |
The correlation between FDAAX and RSFYX has been stable across timeframes, ranging from 0.48 to 0.57 - a consistent structural relationship.
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Return for Risk
FDAAX vs. RSFYX — Risk / Return Rank
FDAAX
RSFYX
FDAAX vs. RSFYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Floating Rate Daily Access Fund (FDAAX) and Victory Floating Rate Fund (RSFYX). 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.
| FDAAX | RSFYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -3.60 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.81 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 6.30 | -4.45 |
| Martin ratioReturn relative to average drawdown | 5.35 | 20.85 | -15.50 |
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Drawdowns
FDAAX vs. RSFYX - Drawdown Comparison
The maximum FDAAX drawdown since its inception was -25.74%, which is greater than RSFYX's maximum drawdown of -21.42%. Use the drawdown chart below to compare losses from any high point for FDAAX and RSFYX.
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Drawdown Indicators
| FDAAX | RSFYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.74% | -21.42% | -4.32% |
Max Drawdown (1Y)Largest decline over 1 year | -1.73% | -1.39% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -2.70% | -2.76% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -6.22% | -8.82% | +2.60% |
Max Drawdown (10Y)Largest decline over 10 years | -18.08% | -21.42% | +3.34% |
Current DrawdownCurrent decline from peak | -0.55% | 0.00% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -1.51% | -1.34% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 0.42% | +0.18% |
Volatility
FDAAX vs. RSFYX - Volatility Comparison
Franklin Floating Rate Daily Access Fund (FDAAX) has a higher volatility of 0.89% compared to Victory Floating Rate Fund (RSFYX) at 0.56%. This indicates that FDAAX's price experiences larger fluctuations and is considered to be riskier than RSFYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDAAX | RSFYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 0.56% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 2.38% | 3.22% | -0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.00% | 4.01% | -1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.35% | 3.60% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.85% | 4.23% | -0.38% |
FDAAX vs. RSFYX - Expense Ratio Comparison
FDAAX has a 0.67% expense ratio, which is lower than RSFYX's 0.79% expense ratio.
Dividends
FDAAX vs. RSFYX - Dividend Comparison
FDAAX's dividend yield for the trailing twelve months is around 7.90%, more than RSFYX's 7.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDAAX Franklin Floating Rate Daily Access Fund | 7.90% | 8.00% | 9.42% | 7.64% | 5.84% | 3.73% | 5.07% | 5.62% | 5.18% | 3.79% | 4.57% | 4.71% |
RSFYX Victory Floating Rate Fund | 7.74% | 9.39% | 9.01% | 8.22% | 6.22% | 4.16% | 5.47% | 6.07% | 5.93% | 5.07% | 4.99% | 5.31% |
Frequently Asked Questions
FDAAX and RSFYX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDAAX has higher volatility (0.89%) compared to RSFYX (0.56%). In terms of maximum drawdown, FDAAX dropped -25.74% vs RSFYX's -21.42%.
RSFYX currently has the higher Sharpe Ratio (2.18 vs 1.07), 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.
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