FRFZX vs. JMSIX
Compare and contrast key facts about PGIM Floating Rate Income Fund (FRFZX) and JPMorgan Income Fund (JMSIX).
FRFZX is managed by PGIM Investments. It was launched on Mar 29, 2011. JMSIX is managed by JPMorgan Chase. It was launched on Jun 1, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRFZX or JMSIX.
Correlation
The correlation between FRFZX and JMSIX is 0.24, 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
FRFZX vs. JMSIX - Performance Comparison
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Key characteristics
FRFZX:
2.12
JMSIX:
3.15
FRFZX:
3.79
JMSIX:
5.80
FRFZX:
1.78
JMSIX:
1.83
FRFZX:
2.06
JMSIX:
4.92
FRFZX:
7.83
JMSIX:
20.23
FRFZX:
0.82%
JMSIX:
0.40%
FRFZX:
3.00%
JMSIX:
2.61%
FRFZX:
-21.94%
JMSIX:
-18.41%
FRFZX:
-0.81%
JMSIX:
-0.35%
Returns By Period
In the year-to-date period, FRFZX achieves a 0.15% return, which is significantly lower than JMSIX's 2.28% return. Over the past 10 years, FRFZX has outperformed JMSIX with an annualized return of 4.90%, while JMSIX has yielded a comparatively lower 3.83% annualized return.
FRFZX
0.15%
2.28%
1.30%
6.31%
8.63%
4.90%
JMSIX
2.28%
1.58%
3.32%
8.17%
4.79%
3.83%
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FRFZX vs. JMSIX - Expense Ratio Comparison
FRFZX has a 0.70% expense ratio, which is higher than JMSIX's 0.40% expense ratio.
Risk-Adjusted Performance
FRFZX vs. JMSIX — Risk-Adjusted Performance Rank
FRFZX
JMSIX
FRFZX vs. JMSIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Floating Rate Income Fund (FRFZX) and JPMorgan Income Fund (JMSIX). 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.
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Dividends
FRFZX vs. JMSIX - Dividend Comparison
FRFZX's dividend yield for the trailing twelve months is around 8.23%, more than JMSIX's 6.06% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRFZX PGIM Floating Rate Income Fund | 8.23% | 8.74% | 8.84% | 6.54% | 3.67% | 5.36% | 5.42% | 4.69% | 4.48% | 3.91% | 3.98% | 4.12% |
JMSIX JPMorgan Income Fund | 6.06% | 5.80% | 5.32% | 4.80% | 4.04% | 4.84% | 5.07% | 5.42% | 5.42% | 5.47% | 5.72% | 0.92% |
Drawdowns
FRFZX vs. JMSIX - Drawdown Comparison
The maximum FRFZX drawdown since its inception was -21.94%, which is greater than JMSIX's maximum drawdown of -18.41%. Use the drawdown chart below to compare losses from any high point for FRFZX and JMSIX. For additional features, visit the drawdowns tool.
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Volatility
FRFZX vs. JMSIX - Volatility Comparison
The current volatility for PGIM Floating Rate Income Fund (FRFZX) is 0.60%, while JPMorgan Income Fund (JMSIX) has a volatility of 0.81%. This indicates that FRFZX experiences smaller price fluctuations and is considered to be less risky than JMSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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