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FRFZX vs. FLOTX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FRFZX vs. FLOTX

Last updated Jun 24, 2026

FRFZX (PGIM Floating Rate Income Fund) and FLOTX (Donoghue Forlines Risk Managed Income Fund) are both Bank Loan funds. Over the past 5 years, FRFZX returned 5.81%/yr vs 2.69%/yr for FLOTX. At a 0.30 correlation, their price movements are largely independent. FRFZX charges 0.70%/yr vs 1.07%/yr for FLOTX.

Performance

FRFZX vs. FLOTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Floating Rate Income Fund (FRFZX) and Donoghue Forlines Risk Managed Income Fund (FLOTX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FRFZX achieves a 2.29% return, which is significantly higher than FLOTX's -0.55% return.

FRFZX

1D
0.00%
1M
0.54%
YTD
2.29%
6M
2.86%
1Y
6.22%
3Y*
8.45%
5Y*
5.81%
10Y*
5.39%

FLOTX

1D
0.00%
1M
0.33%
YTD
-0.55%
6M
-0.45%
1Y
2.89%
3Y*
4.87%
5Y*
2.69%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FRFZX vs. FLOTX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
FRFZX
PGIM Floating Rate Income Fund		2.29%5.66%9.45%14.11%-3.56%5.46%4.62%7.47%-1.40%
FLOTX
Donoghue Forlines Risk Managed Income Fund		-0.55%2.47%6.76%8.28%-3.59%2.45%3.95%3.51%1.96%

Correlation

The correlation between FRFZX and FLOTX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.35

Correlation (3Y)
Calculated over the trailing 3-year period

0.30

Correlation (5Y)
Calculated over the trailing 5-year period

0.26

Correlation (All Time)
Calculated using the full available price history since Mar 28, 2018

0.30

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

PGIM Floating Rate Income Fund

Donoghue Forlines Risk Managed Income Fund

Often compared with FRFZX:
FRFZX vs. ICMUXFRFZX vs. MNHAXFRFZX vs. PUCZXFRFZX vs. PFRLFRFZX vs. JMSIXFRFZX vs. FBGRXFRFZX vs. TLT
Often compared with FLOTX:
FLOTX vs. MOJOXFLOTX vs. PWDIXFLOTX vs. PWRIXFLOTX vs. CAPIXFLOTX vs. GTAIXFLOTX vs. PYFRXFLOTX vs. RCRIX

Return for Risk

FRFZX vs. FLOTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FRFZX
FRFZX Risk / Return Rank: 9696
Overall Rank
FRFZX Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
FRFZX Sortino Ratio Rank: 9898
Sortino Ratio Rank
FRFZX Omega Ratio Rank: 9898
Omega Ratio Rank
FRFZX Calmar Ratio Rank: 9898
Calmar Ratio Rank
FRFZX Martin Ratio Rank: 9696
Martin Ratio Rank
FLOTX
FLOTX Risk / Return Rank: 3636
Overall Rank
FLOTX Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
FLOTX Sortino Ratio Rank: 4545
Sortino Ratio Rank
FLOTX Omega Ratio Rank: 6262
Omega Ratio Rank
FLOTX Calmar Ratio Rank: 1515
Calmar Ratio Rank
FLOTX Martin Ratio Rank: 1212
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FRFZX vs. FLOTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Floating Rate Income Fund (FRFZX) and Donoghue Forlines Risk Managed Income Fund (FLOTX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

FRFZXFLOTXDifference
Sharpe ratioReturn per unit of total volatility
2.69
1.80

+0.89

Sortino ratioReturn per unit of downside risk
6.64
2.61

+4.03

Omega ratioGain probability vs. loss probability

2.02

1.40

+0.62

Calmar ratioReturn relative to maximum drawdown

7.34

1.28

+6.07

Martin ratioReturn relative to average drawdown

22.76

3.31

+19.45

FRFZX vs. FLOTX - Sharpe Ratio Comparison

The current FRFZX Sharpe Ratio is 2.69, which is higher than the FLOTX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of FRFZX and FLOTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FRFZX vs. FLOTX - Drawdown Comparison

The maximum FRFZX drawdown since its inception was -21.95%, which is greater than FLOTX's maximum drawdown of -4.40%. Use the drawdown chart below to compare losses from any high point for FRFZX and FLOTX.

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Drawdown Indicators

FRFZXFLOTXDifference

Max Drawdown

Largest peak-to-trough decline

-21.95%

-4.40%

-17.55%

Max Drawdown (1Y)

Largest decline over 1 year

-0.85%

-2.36%

+1.51%

Max Drawdown (3Y)

Largest decline over 3 years

-3.12%

-3.34%

+0.22%

Max Drawdown (5Y)

Largest decline over 5 years

-7.85%

-4.40%

-3.45%

Max Drawdown (10Y)

Largest decline over 10 years

-21.95%

—

—

Current Drawdown

Current decline from peak

-0.11%

-0.97%

+0.86%

Average Drawdown

Average peak-to-trough decline

-0.91%

-1.03%

+0.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.27%

0.91%

-0.64%

Volatility

FRFZX vs. FLOTX - Volatility Comparison

PGIM Floating Rate Income Fund (FRFZX) has a higher volatility of 0.60% compared to Donoghue Forlines Risk Managed Income Fund (FLOTX) at 0.48%. This indicates that FRFZX's price experiences larger fluctuations and is considered to be riskier than FLOTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FRFZXFLOTXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.60%

0.48%

+0.12%

Volatility (6M)

Calculated over the trailing 6-month period

1.60%

1.35%

+0.25%

Volatility (1Y)

Calculated over the trailing 1-year period

2.33%

1.68%

+0.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.10%

2.69%

+0.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.97%

2.45%

+1.52%

FRFZX vs. FLOTX - Expense Ratio Comparison

FRFZX has a 0.70% expense ratio, which is lower than FLOTX's 1.07% expense ratio.

Dividends

FRFZX vs. FLOTX - Dividend Comparison

FRFZX's dividend yield for the trailing twelve months is around 7.40%, more than FLOTX's 6.80% yield.

PositionTTM20252024202320222021202020192018201720162015
FLOTX
Donoghue Forlines Risk Managed Income Fund		6.80%5.79%7.15%7.16%1.56%2.13%2.42%3.78%3.20%0.00%0.00%0.00%
FRFZX
PGIM Floating Rate Income Fund		7.40%7.65%8.76%8.86%6.41%3.33%5.35%5.42%5.06%4.90%4.34%3.97%

Frequently Asked Questions

FRFZX and FLOTX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FRFZX has higher volatility (0.60%) compared to FLOTX (0.48%). In terms of maximum drawdown, FRFZX dropped -21.95% vs FLOTX's -4.40%.

FRFZX currently has the higher Sharpe Ratio (2.69 vs 1.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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