FLYRX vs. DAFRX
Compare and contrast key facts about Pioneer Floating Rate Fund (FLYRX) and Dunham Floating Rate Bond Fund (DAFRX).
FLYRX is managed by Amundi. It was launched on Feb 13, 2007. DAFRX is managed by Dunham Funds. It was launched on Oct 31, 2013.
Performance
FLYRX vs. DAFRX - Performance Comparison
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FLYRX vs. DAFRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLYRX Pioneer Floating Rate Fund | -0.60% | 4.90% | 6.94% | 8.31% | -3.26% | 4.32% | 2.10% | 7.57% | 0.17% | 3.74% |
DAFRX Dunham Floating Rate Bond Fund | -1.23% | 5.04% | 7.26% | 13.05% | -2.54% | 3.51% | -0.09% | 7.18% | -1.06% | 2.71% |
Returns By Period
In the year-to-date period, FLYRX achieves a -0.60% return, which is significantly higher than DAFRX's -1.23% return. Both investments have delivered pretty close results over the past 10 years, with FLYRX having a 3.91% annualized return and DAFRX not far behind at 3.81%.
FLYRX
- 1D
- 0.00%
- 1M
- 0.17%
- YTD
- -0.60%
- 6M
- 0.51%
- 1Y
- 3.76%
- 3Y*
- 5.58%
- 5Y*
- 3.73%
- 10Y*
- 3.91%
DAFRX
- 1D
- -0.60%
- 1M
- -0.48%
- YTD
- -1.23%
- 6M
- -0.85%
- 1Y
- 3.55%
- 3Y*
- 6.98%
- 5Y*
- 4.62%
- 10Y*
- 3.81%
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FLYRX vs. DAFRX - Expense Ratio Comparison
FLYRX has a 0.75% expense ratio, which is lower than DAFRX's 1.29% expense ratio.
Return for Risk
FLYRX vs. DAFRX — Risk / Return Rank
FLYRX
DAFRX
FLYRX vs. DAFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Floating Rate Fund (FLYRX) and Dunham Floating Rate Bond Fund (DAFRX). 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.
| FLYRX | DAFRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 1.45 | -0.13 |
Sortino ratioReturn per unit of downside risk | 2.24 | 1.96 | +0.27 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.36 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.23 | 1.45 | +0.78 |
Martin ratioReturn relative to average drawdown | 8.21 | 5.85 | +2.37 |
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
| FLYRX | DAFRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.45 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.42 | 2.07 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.10 | 1.13 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 1.03 | 0.00 |
Correlation
The correlation between FLYRX and DAFRX is 0.48, 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
FLYRX vs. DAFRX - Dividend Comparison
FLYRX's dividend yield for the trailing twelve months is around 6.83%, less than DAFRX's 6.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLYRX Pioneer Floating Rate Fund | 6.83% | 7.48% | 5.87% | 6.45% | 5.40% | 3.46% | 3.91% | 5.01% | 4.70% | 4.13% | 3.88% | 3.85% |
DAFRX Dunham Floating Rate Bond Fund | 6.94% | 7.26% | 7.87% | 8.91% | 5.76% | 3.13% | 3.27% | 4.36% | 4.30% | 3.31% | 3.01% | 3.13% |
Drawdowns
FLYRX vs. DAFRX - Drawdown Comparison
The maximum FLYRX drawdown since its inception was -30.67%, which is greater than DAFRX's maximum drawdown of -19.42%. Use the drawdown chart below to compare losses from any high point for FLYRX and DAFRX.
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Drawdown Indicators
| FLYRX | DAFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.67% | -19.42% | -11.25% |
Max Drawdown (1Y)Largest decline over 1 year | -1.64% | -2.23% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -6.61% | -7.08% | +0.47% |
Max Drawdown (10Y)Largest decline over 10 years | -19.05% | -19.42% | +0.37% |
Current DrawdownCurrent decline from peak | -0.60% | -1.81% | +1.21% |
Average DrawdownAverage peak-to-trough decline | -2.00% | -0.98% | -1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 0.58% | -0.09% |
Volatility
FLYRX vs. DAFRX - Volatility Comparison
The current volatility for Pioneer Floating Rate Fund (FLYRX) is 0.72%, while Dunham Floating Rate Bond Fund (DAFRX) has a volatility of 0.95%. This indicates that FLYRX experiences smaller price fluctuations and is considered to be less risky than DAFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLYRX | DAFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | 0.95% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.82% | 1.51% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.77% | 2.46% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.64% | 2.25% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.57% | 3.38% | +0.19% |