FHAIX vs. PRFRX
Compare and contrast key facts about Franklin High Income Fund (FHAIX) and T. Rowe Price Floating Rate Fund (PRFRX).
FHAIX is managed by Franklin Templeton. It was launched on Dec 31, 1969. 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: FHAIX or PRFRX.
Correlation
The correlation between FHAIX and PRFRX is 0.42, 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.
Performance
FHAIX vs. PRFRX - Performance Comparison
Key characteristics
FHAIX:
2.12
PRFRX:
3.34
FHAIX:
3.42
PRFRX:
10.25
FHAIX:
1.75
PRFRX:
3.46
FHAIX:
7.10
PRFRX:
11.28
FHAIX:
22.27
PRFRX:
58.79
FHAIX:
0.40%
PRFRX:
0.14%
FHAIX:
4.20%
PRFRX:
2.54%
FHAIX:
-51.73%
PRFRX:
-20.05%
FHAIX:
-0.63%
PRFRX:
-0.32%
Returns By Period
The year-to-date returns for both stocks are quite close, with FHAIX having a 7.74% return and PRFRX slightly lower at 7.44%. Both investments have delivered pretty close results over the past 10 years, with FHAIX having a 4.70% annualized return and PRFRX not far behind at 4.60%.
FHAIX
7.74%
-0.57%
3.85%
8.91%
4.66%
4.70%
PRFRX
7.44%
-0.11%
3.78%
8.38%
5.06%
4.60%
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FHAIX vs. PRFRX - Expense Ratio Comparison
FHAIX has a 0.77% expense ratio, which is higher than PRFRX's 0.75% expense ratio.
Risk-Adjusted Performance
FHAIX vs. PRFRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin High Income Fund (FHAIX) 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.
Dividends
FHAIX vs. PRFRX - Dividend Comparison
FHAIX's dividend yield for the trailing twelve months is around 5.83%, less than PRFRX's 7.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHAIX Franklin High Income Fund | 5.83% | 6.16% | 6.09% | 4.95% | 5.21% | 5.48% | 6.05% | 5.32% | 5.66% | 7.17% | 6.36% | 6.35% |
PRFRX T. Rowe Price Floating Rate Fund | 7.67% | 8.33% | 5.20% | 3.87% | 4.00% | 4.84% | 4.86% | 4.04% | 4.08% | 4.08% | 3.85% | 3.53% |
Drawdowns
FHAIX vs. PRFRX - Drawdown Comparison
The maximum FHAIX drawdown since its inception was -51.73%, which is greater than PRFRX's maximum drawdown of -20.05%. Use the drawdown chart below to compare losses from any high point for FHAIX and PRFRX. For additional features, visit the drawdowns tool.
Volatility
FHAIX vs. PRFRX - Volatility Comparison
Franklin High Income Fund (FHAIX) has a higher volatility of 1.30% compared to T. Rowe Price Floating Rate Fund (PRFRX) at 0.24%. This indicates that FHAIX'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.