OOSAX vs. PRFRX
Compare and contrast key facts about Invesco Senior Floating Rate Fund (OOSAX) and T. Rowe Price Floating Rate Fund (PRFRX).
OOSAX is managed by Invesco. It was launched on Sep 7, 1999. 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: OOSAX or PRFRX.
Key characteristics
| OOSAX | PRFRX | |
|---|---|---|
| YTD Return | 5.78% | 5.72% |
| 1Y Return | 8.78% | 9.34% |
| 3Y Return (Ann) | 6.03% | 6.09% |
| 5Y Return (Ann) | 4.13% | 5.08% |
| 10Y Return (Ann) | 3.47% | 4.36% |
| Sharpe Ratio | 2.69 | 3.48 |
| Daily Std Dev | 3.32% | 2.69% |
| Max Drawdown | -32.11% | -20.05% |
| Current Drawdown | -0.15% | -0.11% |
Correlation
The correlation between OOSAX and PRFRX is 0.50, 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
OOSAX vs. PRFRX - Performance Comparison
The year-to-date returns for both stocks are quite close, with OOSAX having a 5.78% return and PRFRX slightly lower at 5.72%. Over the past 10 years, OOSAX has underperformed PRFRX with an annualized return of 3.47%, while PRFRX has yielded a comparatively higher 4.36% annualized 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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OOSAX vs. PRFRX - Expense Ratio Comparison
OOSAX has a 1.04% expense ratio, which is higher than PRFRX's 0.75% expense ratio.
Risk-Adjusted Performance
OOSAX vs. PRFRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Floating Rate Fund (OOSAX) 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
OOSAX vs. PRFRX - Dividend Comparison
OOSAX's dividend yield for the trailing twelve months is around 9.30%, more than PRFRX's 8.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OOSAX Invesco Senior Floating Rate Fund | 9.30% | 8.57% | 8.09% | 4.36% | 4.85% | 5.22% | 4.64% | 4.10% | 4.77% | 4.64% | 4.55% | 4.66% |
PRFRX T. Rowe Price Floating Rate Fund | 8.56% | 8.33% | 5.32% | 3.87% | 4.00% | 4.84% | 4.86% | 4.04% | 4.08% | 4.08% | 3.95% | 3.65% |
Drawdowns
OOSAX vs. PRFRX - Drawdown Comparison
The maximum OOSAX drawdown since its inception was -32.11%, which is greater than PRFRX's maximum drawdown of -20.05%. Use the drawdown chart below to compare losses from any high point for OOSAX and PRFRX. For additional features, visit the drawdowns tool.
Volatility
OOSAX vs. PRFRX - Volatility Comparison
The current volatility for Invesco Senior Floating Rate Fund (OOSAX) is 0.70%, while T. Rowe Price Floating Rate Fund (PRFRX) has a volatility of 0.77%. This indicates that OOSAX experiences smaller price fluctuations and is considered to be less risky than PRFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.