FRFZX vs. DFLYX
Compare and contrast key facts about PGIM Floating Rate Income Fund (FRFZX) and BNY Mellon Floating Rate Income Fund (DFLYX).
FRFZX is managed by PGIM. It was launched on Mar 29, 2011. DFLYX is managed by Dreyfus. It was launched on Sep 26, 2013.
Performance
FRFZX vs. DFLYX - Performance Comparison
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FRFZX vs. DFLYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRFZX PGIM Floating Rate Income Fund | -0.50% | 5.66% | 9.45% | 14.11% | -3.56% | 5.46% | 4.62% | 7.47% | -0.13% | 4.48% |
DFLYX BNY Mellon Floating Rate Income Fund | -0.51% | 4.84% | 9.77% | 13.29% | -1.15% | 4.84% | 2.66% | 7.15% | -0.58% | 3.48% |
Returns By Period
The year-to-date returns for both stocks are quite close, with FRFZX having a -0.50% return and DFLYX slightly lower at -0.51%. Over the past 10 years, FRFZX has outperformed DFLYX with an annualized return of 5.32%, while DFLYX has yielded a comparatively lower 4.94% annualized return.
FRFZX
- 1D
- 0.11%
- 1M
- -0.11%
- YTD
- -0.50%
- 6M
- 0.85%
- 1Y
- 5.09%
- 3Y*
- 8.31%
- 5Y*
- 5.46%
- 10Y*
- 5.32%
DFLYX
- 1D
- 0.00%
- 1M
- 0.36%
- YTD
- -0.51%
- 6M
- 0.19%
- 1Y
- 4.33%
- 3Y*
- 7.97%
- 5Y*
- 5.76%
- 10Y*
- 4.94%
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FRFZX vs. DFLYX - Expense Ratio Comparison
FRFZX has a 0.70% expense ratio, which is lower than DFLYX's 0.73% expense ratio.
Return for Risk
FRFZX vs. DFLYX — Risk / Return Rank
FRFZX
DFLYX
FRFZX vs. DFLYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Floating Rate Income Fund (FRFZX) and BNY Mellon Floating Rate Income Fund (DFLYX). 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.
| FRFZX | DFLYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.86 | 2.10 | -0.24 |
Sortino ratioReturn per unit of downside risk | 3.07 | 3.11 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.59 | 1.56 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.31 | 2.14 | +0.17 |
Martin ratioReturn relative to average drawdown | 9.62 | 7.82 | +1.80 |
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
| FRFZX | DFLYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 2.10 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.79 | 3.03 | -1.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.35 | 1.63 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.37 | 1.48 | -0.11 |
Correlation
The correlation between FRFZX and DFLYX is 0.55, 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
FRFZX vs. DFLYX - Dividend Comparison
FRFZX's dividend yield for the trailing twelve months is around 6.99%, less than DFLYX's 8.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRFZX PGIM Floating Rate Income Fund | 6.99% | 7.65% | 8.76% | 8.87% | 6.41% | 3.33% | 5.35% | 5.42% | 5.06% | 4.90% | 4.34% | 3.97% |
DFLYX BNY Mellon Floating Rate Income Fund | 7.54% | 7.50% | 8.78% | 8.78% | 5.49% | 4.22% | 4.66% | 5.54% | 5.19% | 3.77% | 4.14% | 4.65% |
Drawdowns
FRFZX vs. DFLYX - Drawdown Comparison
The maximum FRFZX drawdown since its inception was -21.95%, which is greater than DFLYX's maximum drawdown of -18.83%. Use the drawdown chart below to compare losses from any high point for FRFZX and DFLYX.
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Drawdown Indicators
| FRFZX | DFLYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.95% | -18.83% | -3.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.23% | -1.73% | -0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -7.85% | -6.28% | -1.57% |
Max Drawdown (10Y)Largest decline over 10 years | -21.95% | -18.83% | -3.12% |
Current DrawdownCurrent decline from peak | -0.74% | -1.06% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -0.92% | -0.80% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.53% | +0.03% |
Volatility
FRFZX vs. DFLYX - Volatility Comparison
PGIM Floating Rate Income Fund (FRFZX) and BNY Mellon Floating Rate Income Fund (DFLYX) have volatilities of 0.60% and 0.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRFZX | DFLYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 0.63% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.58% | 1.06% | +0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.72% | 1.99% | +0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.07% | 1.91% | +1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.96% | 3.05% | +0.91% |