FLRN vs. PRFRX
Compare and contrast key facts about SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) and T. Rowe Price Floating Rate Fund (PRFRX).
FLRN is a passively managed fund by State Street that tracks the performance of the Bloomberg US Floating Rate Notes (<5 Y). It was launched on Nov 30, 2011. 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: FLRN or PRFRX.
Correlation
The correlation between FLRN and PRFRX is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FLRN vs. PRFRX - Performance Comparison
Key characteristics
FLRN:
2.87
PRFRX:
2.09
FLRN:
3.63
PRFRX:
3.79
FLRN:
2.29
PRFRX:
1.87
FLRN:
3.75
PRFRX:
2.03
FLRN:
30.72
PRFRX:
10.07
FLRN:
0.17%
PRFRX:
0.59%
FLRN:
1.88%
PRFRX:
2.83%
FLRN:
-14.64%
PRFRX:
-20.05%
FLRN:
-0.00%
PRFRX:
-1.51%
Returns By Period
In the year-to-date period, FLRN achieves a 1.29% return, which is significantly higher than PRFRX's -0.69% return. Over the past 10 years, FLRN has underperformed PRFRX with an annualized return of 2.52%, while PRFRX has yielded a comparatively higher 4.34% annualized return.
FLRN
1.29%
0.12%
2.21%
5.30%
3.64%
2.52%
PRFRX
-0.69%
-0.98%
1.44%
5.89%
6.91%
4.34%
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FLRN vs. PRFRX - Expense Ratio Comparison
FLRN has a 0.15% expense ratio, which is lower than PRFRX's 0.75% expense ratio.
Risk-Adjusted Performance
FLRN vs. PRFRX — Risk-Adjusted Performance Rank
FLRN
PRFRX
FLRN vs. PRFRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) 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
FLRN vs. PRFRX - Dividend Comparison
FLRN's dividend yield for the trailing twelve months is around 5.50%, less than PRFRX's 7.35% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 5.50% | 5.67% | 5.68% | 1.95% | 0.39% | 1.22% | 2.76% | 2.39% | 1.64% | 1.06% | 0.63% | 0.53% |
PRFRX T. Rowe Price Floating Rate Fund | 7.35% | 8.17% | 8.33% | 5.20% | 3.87% | 4.00% | 4.84% | 4.86% | 4.04% | 4.08% | 4.08% | 3.85% |
Drawdowns
FLRN vs. PRFRX - Drawdown Comparison
The maximum FLRN drawdown since its inception was -14.64%, smaller than the maximum PRFRX drawdown of -20.05%. Use the drawdown chart below to compare losses from any high point for FLRN and PRFRX. For additional features, visit the drawdowns tool.
Volatility
FLRN vs. PRFRX - Volatility Comparison
SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) has a higher volatility of 1.74% compared to T. Rowe Price Floating Rate Fund (PRFRX) at 1.53%. This indicates that FLRN'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.