ICVT vs. PRFRX
Compare and contrast key facts about iShares Convertible Bond ETF (ICVT) and T. Rowe Price Floating Rate Fund (PRFRX).
ICVT is a passively managed fund by iShares that tracks the performance of the Barclays U.S. Convertible Cash Pay Bond > $250MM Index. It was launched on Jun 2, 2015. PRFRX is managed by T. Rowe Price. It was launched on Jul 29, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ICVT or PRFRX.
Correlation
The correlation between ICVT and PRFRX is 0.27, 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
ICVT vs. PRFRX - Performance Comparison
Key characteristics
ICVT:
1.06
PRFRX:
2.09
ICVT:
1.52
PRFRX:
3.79
ICVT:
1.19
PRFRX:
1.87
ICVT:
0.43
PRFRX:
2.03
ICVT:
3.75
PRFRX:
10.07
ICVT:
3.06%
PRFRX:
0.59%
ICVT:
10.84%
PRFRX:
2.83%
ICVT:
-37.27%
PRFRX:
-20.05%
ICVT:
-17.49%
PRFRX:
-1.51%
Returns By Period
In the year-to-date period, ICVT achieves a -0.39% return, which is significantly higher than PRFRX's -0.69% return.
ICVT
-0.39%
-1.00%
0.97%
11.83%
8.88%
N/A
PRFRX
-0.69%
-0.98%
1.44%
5.89%
6.86%
4.34%
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ICVT vs. PRFRX - Expense Ratio Comparison
ICVT has a 0.20% expense ratio, which is lower than PRFRX's 0.75% expense ratio.
Risk-Adjusted Performance
ICVT vs. PRFRX — Risk-Adjusted Performance Rank
ICVT
PRFRX
ICVT vs. PRFRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Convertible Bond ETF (ICVT) and T. Rowe Price Floating Rate Fund (PRFRX). 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
ICVT vs. PRFRX - Dividend Comparison
ICVT's dividend yield for the trailing twelve months is around 2.27%, less than PRFRX's 7.35% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICVT iShares Convertible Bond ETF | 2.27% | 2.19% | 1.85% | 1.93% | 1.14% | 1.13% | 1.86% | 4.82% | 2.56% | 3.06% | 1.57% | 0.00% |
PRFRX T. Rowe Price Floating Rate Fund | 7.35% | 8.17% | 8.33% | 5.20% | 3.87% | 4.00% | 4.84% | 4.86% | 4.04% | 4.08% | 4.08% | 3.85% |
Drawdowns
ICVT vs. PRFRX - Drawdown Comparison
The maximum ICVT drawdown since its inception was -37.27%, which is greater than PRFRX's maximum drawdown of -20.05%. Use the drawdown chart below to compare losses from any high point for ICVT and PRFRX. For additional features, visit the drawdowns tool.
Volatility
ICVT vs. PRFRX - Volatility Comparison
iShares Convertible Bond ETF (ICVT) has a higher volatility of 6.10% compared to T. Rowe Price Floating Rate Fund (PRFRX) at 1.53%. This indicates that ICVT's price experiences larger fluctuations and is considered to be riskier than PRFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.