FLARX vs. SPFLX
Compare and contrast key facts about Victory Pioneer Floating Rate Fund Class A (FLARX) and American Beacon Sound Point Floating Rate Income Fund (SPFLX).
FLARX is an actively managed fund by Victory Capital. It was launched on Feb 23, 2007. SPFLX is managed by American Beacon. It was launched on Dec 2, 2012.
Performance
FLARX vs. SPFLX - Performance Comparison
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FLARX vs. SPFLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLARX Victory Pioneer Floating Rate Fund Class A | -0.50% | 4.55% | 7.40% | 8.89% | -3.77% | 4.17% | 0.94% | 7.23% | -0.32% | 3.41% |
SPFLX American Beacon Sound Point Floating Rate Income Fund | -0.05% | -0.39% | 6.21% | 7.83% | -6.93% | 6.12% | 0.45% | 4.34% | 1.21% | 4.99% |
Returns By Period
In the year-to-date period, FLARX achieves a -0.50% return, which is significantly lower than SPFLX's -0.05% return. Over the past 10 years, FLARX has outperformed SPFLX with an annualized return of 3.68%, while SPFLX has yielded a comparatively lower 2.99% annualized return.
FLARX
- 1D
- 0.00%
- 1M
- 0.52%
- YTD
- -0.50%
- 6M
- 0.53%
- 1Y
- 3.62%
- 3Y*
- 5.75%
- 5Y*
- 3.72%
- 10Y*
- 3.68%
SPFLX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -0.05%
- 6M
- 0.96%
- 1Y
- 4.41%
- 3Y*
- 4.10%
- 5Y*
- 2.02%
- 10Y*
- 2.99%
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FLARX vs. SPFLX - Expense Ratio Comparison
FLARX has a 1.08% expense ratio, which is higher than SPFLX's 0.82% expense ratio.
Return for Risk
FLARX vs. SPFLX — Risk / Return Rank
FLARX
SPFLX
FLARX vs. SPFLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Victory Pioneer Floating Rate Fund Class A (FLARX) and American Beacon Sound Point Floating Rate Income Fund (SPFLX). 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.
| FLARX | SPFLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 1.12 | +0.27 |
Sortino ratioReturn per unit of downside risk | 2.30 | 1.76 | +0.54 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.34 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.18 | 1.04 | +1.14 |
Martin ratioReturn relative to average drawdown | 7.71 | 4.47 | +3.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLARX | SPFLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.12 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.42 | 0.60 | +0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.02 | 0.83 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.91 | +0.04 |
Correlation
The correlation between FLARX and SPFLX is 0.50, 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
FLARX vs. SPFLX - Dividend Comparison
FLARX's dividend yield for the trailing twelve months is around 6.54%, more than SPFLX's 6.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLARX Victory Pioneer Floating Rate Fund Class A | 6.54% | 7.17% | 6.29% | 6.97% | 4.94% | 3.15% | 3.57% | 4.68% | 4.36% | 3.80% | 3.55% | 3.46% |
SPFLX American Beacon Sound Point Floating Rate Income Fund | 6.06% | 7.83% | 10.28% | 7.63% | 4.72% | 4.76% | 5.56% | 6.75% | 6.07% | 4.78% | 4.96% | 4.81% |
Drawdowns
FLARX vs. SPFLX - Drawdown Comparison
The maximum FLARX drawdown since its inception was -30.68%, which is greater than SPFLX's maximum drawdown of -19.23%. Use the drawdown chart below to compare losses from any high point for FLARX and SPFLX.
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Drawdown Indicators
| FLARX | SPFLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.68% | -19.23% | -11.45% |
Max Drawdown (1Y)Largest decline over 1 year | -1.04% | -1.24% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -6.79% | -9.52% | +2.73% |
Max Drawdown (10Y)Largest decline over 10 years | -19.52% | -19.23% | -0.29% |
Current DrawdownCurrent decline from peak | -0.53% | -0.73% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -2.07% | -1.73% | -0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | 0.74% | -0.27% |
Volatility
FLARX vs. SPFLX - Volatility Comparison
Victory Pioneer Floating Rate Fund Class A (FLARX) has a higher volatility of 0.63% compared to American Beacon Sound Point Floating Rate Income Fund (SPFLX) at 0.00%. This indicates that FLARX's price experiences larger fluctuations and is considered to be riskier than SPFLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLARX | SPFLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 0.00% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 1.66% | 0.94% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.63% | 3.27% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.64% | 3.41% | -0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.61% | 3.63% | -0.02% |