FRFZX vs. SCFZX

Last updated Apr 2, 2026

Compare and contrast key facts about PGIM Floating Rate Income Fund (FRFZX) and PGIM Securitized Credit Fund (SCFZX).

FRFZX is managed by PGIM. It was launched on Mar 29, 2011. SCFZX is managed by PGIM. It was launched on Jun 30, 2019.

Performance

FRFZX vs. SCFZX - Performance Comparison

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

FRFZX vs. SCFZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FRFZX PGIM Floating Rate Income Fund	-0.50%	5.66%	9.45%	14.11%	-3.56%	5.46%	4.62%	1.73%
SCFZX PGIM Securitized Credit Fund	0.60%	5.75%	9.41%	8.67%	-0.84%	5.27%	-0.33%	1.73%

Returns By Period

In the year-to-date period, FRFZX achieves a -0.50% return, which is significantly lower than SCFZX's 0.60% 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%

SCFZX

• 1D: 0.00%
• 1M: -0.20%
• YTD: 0.60%
• 6M: 2.11%
• 1Y: 5.42%
• 3Y*: 7.45%
• 5Y*: 5.15%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FRFZX vs. SCFZX - Expense Ratio Comparison

FRFZX has a 0.70% expense ratio, which is higher than SCFZX's 0.65% expense ratio.

FRFZX

PGIM Floating Rate Income Fund

SCFZX

PGIM Securitized Credit Fund

Return for Risk

FRFZX vs. SCFZX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FRFZX

FRFZX Risk / Return Rank: 91
FRFZX Sharpe Ratio Rank: 89
FRFZX Sortino Ratio Rank: 94
FRFZX Omega Ratio Rank: 96
FRFZX Calmar Ratio Rank: 86
FRFZX Martin Ratio Rank: 88

SCFZX

SCFZX Risk / Return Rank: 99
SCFZX Sharpe Ratio Rank: 99
SCFZX Sortino Ratio Rank: 99
SCFZX Omega Ratio Rank: 99
SCFZX Calmar Ratio Rank: 99
SCFZX Martin Ratio Rank: 98

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. SCFZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Floating Rate Income Fund (FRFZX) and PGIM Securitized Credit Fund (SCFZX). 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	SCFZX	Difference
Sharpe ratio Return per unit of total volatility	1.86	3.35	-1.49
Sortino ratio Return per unit of downside risk	3.07	9.08	-6.00
Omega ratio Gain probability vs. loss probability	1.59	3.40	-1.82
Calmar ratio Return relative to maximum drawdown	2.31	6.24	-3.93
Martin ratio Return relative to average drawdown	9.62	25.26	-15.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FRFZX vs. SCFZX - Sharpe Ratio Comparison

The current FRFZX Sharpe Ratio is 1.86, which is lower than the SCFZX Sharpe Ratio of 3.35. The chart below compares the historical Sharpe Ratios of FRFZX and SCFZX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FRFZX	SCFZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	3.35	-1.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.79	2.73	-0.94
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.37	1.31	+0.05

Correlation

The correlation between FRFZX and SCFZX is 0.43, 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. SCFZX - Dividend Comparison

FRFZX's dividend yield for the trailing twelve months is around 6.99%, more than SCFZX's 4.75% 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%
SCFZX PGIM Securitized Credit Fund	4.75%	5.25%	6.55%	5.58%	4.97%	2.56%	3.08%	2.43%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FRFZX vs. SCFZX - Drawdown Comparison

The maximum FRFZX drawdown since its inception was -21.95%, which is greater than SCFZX's maximum drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for FRFZX and SCFZX.

Drawdown Indicators

	FRFZX	SCFZX	Difference
Max Drawdown Largest peak-to-trough decline	-21.95%	-17.20%	-4.75%
Max Drawdown (1Y) Largest decline over 1 year	-2.23%	-0.93%	-1.30%
Max Drawdown (5Y) Largest decline over 5 years	-7.85%	-4.13%	-3.72%
Max Drawdown (10Y) Largest decline over 10 years	-21.95%	—	—
Current Drawdown Current decline from peak	-0.74%	-0.31%	-0.43%
Average Drawdown Average peak-to-trough decline	-0.92%	-1.09%	+0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.56%	0.23%	+0.33%

Volatility

FRFZX vs. SCFZX - Volatility Comparison

PGIM Floating Rate Income Fund (FRFZX) has a higher volatility of 0.60% compared to PGIM Securitized Credit Fund (SCFZX) at 0.20%. This indicates that FRFZX's price experiences larger fluctuations and is considered to be riskier than SCFZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRFZX	SCFZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.60%	0.20%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	1.58%	1.03%	+0.55%
Volatility (1Y) Calculated over the trailing 1-year period	2.72%	1.65%	+1.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.07%	1.89%	+1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.96%	3.38%	+0.58%