PAFRX vs. CLOZ
Compare and contrast key facts about T. Rowe Price Floating Rate Fund (PAFRX) and Panagram Bbb-B Clo ETF (CLOZ).
PAFRX is managed by T. Rowe Price. It was launched on Jul 28, 2011. CLOZ is an actively managed fund by Panagram. It was launched on Jan 23, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PAFRX or CLOZ.
Correlation
The correlation between PAFRX and CLOZ is 0.13, 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
PAFRX vs. CLOZ - Performance Comparison
Key characteristics
PAFRX:
3.44
CLOZ:
6.85
PAFRX:
10.44
CLOZ:
9.60
PAFRX:
3.45
CLOZ:
3.69
PAFRX:
11.27
CLOZ:
8.48
PAFRX:
57.77
CLOZ:
54.23
PAFRX:
0.15%
CLOZ:
0.22%
PAFRX:
2.46%
CLOZ:
1.72%
PAFRX:
-19.95%
CLOZ:
-2.70%
PAFRX:
-0.21%
CLOZ:
0.00%
Returns By Period
In the year-to-date period, PAFRX achieves a 0.49% return, which is significantly lower than CLOZ's 1.48% return.
PAFRX
0.49%
0.39%
4.12%
8.35%
5.14%
4.43%
CLOZ
1.48%
0.92%
6.05%
11.67%
N/A
N/A
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PAFRX vs. CLOZ - Expense Ratio Comparison
PAFRX has a 0.97% expense ratio, which is higher than CLOZ's 0.50% expense ratio.
Risk-Adjusted Performance
PAFRX vs. CLOZ — Risk-Adjusted Performance Rank
PAFRX
CLOZ
PAFRX vs. CLOZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Floating Rate Fund (PAFRX) and Panagram Bbb-B Clo ETF (CLOZ). 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
PAFRX vs. CLOZ - Dividend Comparison
PAFRX's dividend yield for the trailing twelve months is around 7.88%, less than CLOZ's 8.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAFRX T. Rowe Price Floating Rate Fund | 7.88% | 7.98% | 8.14% | 5.00% | 3.64% | 3.79% | 4.62% | 4.65% | 3.84% | 3.85% | 3.96% | 3.75% |
CLOZ Panagram Bbb-B Clo ETF | 8.78% | 9.09% | 8.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PAFRX vs. CLOZ - Drawdown Comparison
The maximum PAFRX drawdown since its inception was -19.95%, which is greater than CLOZ's maximum drawdown of -2.70%. Use the drawdown chart below to compare losses from any high point for PAFRX and CLOZ. For additional features, visit the drawdowns tool.
Volatility
PAFRX vs. CLOZ - Volatility Comparison
T. Rowe Price Floating Rate Fund (PAFRX) has a higher volatility of 0.65% compared to Panagram Bbb-B Clo ETF (CLOZ) at 0.21%. This indicates that PAFRX's price experiences larger fluctuations and is considered to be riskier than CLOZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.