FRFZX vs. SPY
Compare and contrast key facts about PGIM Floating Rate Income Fund (FRFZX) and SPDR S&P 500 ETF (SPY).
FRFZX is managed by PGIM Investments. It was launched on Mar 29, 2011. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRFZX or SPY.
Correlation
The correlation between FRFZX and SPY is 0.21, 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. SPY - Performance Comparison
Key characteristics
FRFZX:
3.31
SPY:
1.82
FRFZX:
8.73
SPY:
2.45
FRFZX:
2.64
SPY:
1.33
FRFZX:
8.58
SPY:
2.77
FRFZX:
38.00
SPY:
11.49
FRFZX:
0.25%
SPY:
2.03%
FRFZX:
2.83%
SPY:
12.70%
FRFZX:
-21.95%
SPY:
-55.19%
FRFZX:
-0.22%
SPY:
0.00%
Returns By Period
In the year-to-date period, FRFZX achieves a 0.75% return, which is significantly lower than SPY's 4.04% return. Over the past 10 years, FRFZX has underperformed SPY with an annualized return of 4.94%, while SPY has yielded a comparatively higher 13.24% annualized return.
FRFZX
0.75%
0.64%
5.16%
9.36%
5.97%
4.94%
SPY
4.04%
4.73%
10.95%
23.86%
14.32%
13.24%
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FRFZX vs. SPY - Expense Ratio Comparison
FRFZX has a 0.70% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FRFZX vs. SPY — Risk-Adjusted Performance Rank
FRFZX
SPY
FRFZX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Floating Rate Income Fund (FRFZX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
FRFZX vs. SPY - Dividend Comparison
FRFZX's dividend yield for the trailing twelve months is around 8.57%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRFZX PGIM Floating Rate Income Fund | 8.57% | 8.74% | 8.84% | 6.54% | 3.67% | 5.36% | 5.42% | 4.69% | 4.48% | 3.91% | 3.98% | 4.12% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FRFZX vs. SPY - Drawdown Comparison
The maximum FRFZX drawdown since its inception was -21.95%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FRFZX and SPY. For additional features, visit the drawdowns tool.
Volatility
FRFZX vs. SPY - Volatility Comparison
The current volatility for PGIM Floating Rate Income Fund (FRFZX) is 0.79%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.55%. This indicates that FRFZX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.