MFHVX vs. PRFRX
Compare and contrast key facts about Mesirow High Yield Fund (MFHVX) and T. Rowe Price Floating Rate Fund (PRFRX).
MFHVX is managed by Mesirow. It was launched on Dec 3, 2018. 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: MFHVX or PRFRX.
Key characteristics
| MFHVX | PRFRX | |
|---|---|---|
| YTD Return | 9.56% | 7.33% |
| 1Y Return | 14.21% | 10.24% |
| 3Y Return (Ann) | 2.69% | 6.33% |
| 5Y Return (Ann) | 5.02% | 5.31% |
| Sharpe Ratio | 5.53 | 3.89 |
| Sortino Ratio | 9.65 | 12.60 |
| Omega Ratio | 2.65 | 4.25 |
| Calmar Ratio | 2.67 | 13.60 |
| Martin Ratio | 64.68 | 72.04 |
| Ulcer Index | 0.22% | 0.14% |
| Daily Std Dev | 2.57% | 2.63% |
| Max Drawdown | -20.95% | -20.05% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between MFHVX and PRFRX is 0.53, 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.
Performance
MFHVX vs. PRFRX - Performance Comparison
In the year-to-date period, MFHVX achieves a 9.56% return, which is significantly higher than PRFRX's 7.33% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MFHVX vs. PRFRX - Expense Ratio Comparison
MFHVX has a 1.43% expense ratio, which is higher than PRFRX's 0.75% expense ratio.
Risk-Adjusted Performance
MFHVX vs. PRFRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Mesirow High Yield Fund (MFHVX) 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
MFHVX vs. PRFRX - Dividend Comparison
MFHVX's dividend yield for the trailing twelve months is around 9.28%, more than PRFRX's 8.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFHVX Mesirow High Yield Fund | 9.28% | 9.67% | 8.96% | 6.49% | 7.00% | 6.79% | 0.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PRFRX T. Rowe Price Floating Rate Fund | 8.40% | 8.33% | 5.20% | 3.87% | 4.00% | 4.84% | 4.86% | 4.04% | 4.08% | 4.08% | 3.85% | 3.53% |
Drawdowns
MFHVX vs. PRFRX - Drawdown Comparison
The maximum MFHVX drawdown since its inception was -20.95%, roughly equal to the maximum PRFRX drawdown of -20.05%. Use the drawdown chart below to compare losses from any high point for MFHVX and PRFRX. For additional features, visit the drawdowns tool.
Volatility
MFHVX vs. PRFRX - Volatility Comparison
Mesirow High Yield Fund (MFHVX) and T. Rowe Price Floating Rate Fund (PRFRX) have volatilities of 0.69% and 0.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.