PAFRX vs. DODEX
Compare and contrast key facts about T. Rowe Price Floating Rate Fund (PAFRX) and Dodge & Cox Emerging Markets Stock Fund (DODEX).
PAFRX is managed by T. Rowe Price. It was launched on Jul 28, 2011. DODEX is managed by Dodge & Cox. It was launched on May 10, 2021.
Performance
PAFRX vs. DODEX - Performance Comparison
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PAFRX vs. DODEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PAFRX T. Rowe Price Floating Rate Fund | -1.03% | 6.37% | 7.89% | 10.68% | -2.11% | 2.38% |
DODEX Dodge & Cox Emerging Markets Stock Fund | 5.97% | 38.64% | 7.47% | 13.37% | -14.91% | -9.57% |
Returns By Period
In the year-to-date period, PAFRX achieves a -1.03% return, which is significantly lower than DODEX's 5.97% return.
PAFRX
- 1D
- 0.11%
- 1M
- 0.22%
- YTD
- -1.03%
- 6M
- 0.53%
- 1Y
- 4.76%
- 3Y*
- 6.82%
- 5Y*
- 4.84%
- 10Y*
- 4.41%
DODEX
- 1D
- 2.05%
- 1M
- -7.66%
- YTD
- 5.97%
- 6M
- 10.10%
- 1Y
- 37.89%
- 3Y*
- 19.31%
- 5Y*
- —
- 10Y*
- —
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PAFRX vs. DODEX - Expense Ratio Comparison
PAFRX has a 0.97% expense ratio, which is higher than DODEX's 0.70% expense ratio.
Return for Risk
PAFRX vs. DODEX — Risk / Return Rank
PAFRX
DODEX
PAFRX vs. DODEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Floating Rate Fund (PAFRX) and Dodge & Cox Emerging Markets Stock Fund (DODEX). 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.
| PAFRX | DODEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | 2.52 | -0.76 |
Sortino ratioReturn per unit of downside risk | 2.90 | 3.12 | -0.22 |
Omega ratioGain probability vs. loss probability | 1.55 | 1.49 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.36 | 3.21 | -0.85 |
Martin ratioReturn relative to average drawdown | 9.51 | 12.57 | -3.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PAFRX | DODEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 2.52 | -0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.85 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 0.41 | +0.80 |
Correlation
The correlation between PAFRX and DODEX is 0.30, 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.
Dividends
PAFRX vs. DODEX - Dividend Comparison
PAFRX's dividend yield for the trailing twelve months is around 6.28%, more than DODEX's 2.67% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAFRX T. Rowe Price Floating Rate Fund | 6.28% | 6.81% | 7.34% | 6.87% | 3.85% | 3.66% | 3.79% | 4.62% | 4.64% | 3.83% | 3.87% | 3.96% |
DODEX Dodge & Cox Emerging Markets Stock Fund | 2.67% | 2.83% | 1.94% | 1.92% | 1.93% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PAFRX vs. DODEX - Drawdown Comparison
The maximum PAFRX drawdown since its inception was -19.95%, smaller than the maximum DODEX drawdown of -37.01%. Use the drawdown chart below to compare losses from any high point for PAFRX and DODEX.
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Drawdown Indicators
| PAFRX | DODEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.95% | -37.01% | +17.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.06% | -11.87% | +9.81% |
Max Drawdown (5Y)Largest decline over 5 years | -6.03% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -19.95% | — | — |
Current DrawdownCurrent decline from peak | -1.14% | -9.14% | +8.00% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -13.19% | +12.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 3.03% | -2.49% |
Volatility
PAFRX vs. DODEX - Volatility Comparison
The current volatility for T. Rowe Price Floating Rate Fund (PAFRX) is 0.71%, while Dodge & Cox Emerging Markets Stock Fund (DODEX) has a volatility of 7.57%. This indicates that PAFRX experiences smaller price fluctuations and is considered to be less risky than DODEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAFRX | DODEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 7.57% | -6.86% |
Volatility (6M)Calculated over the trailing 6-month period | 1.56% | 11.11% | -9.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.69% | 15.66% | -12.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.63% | 16.74% | -14.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.78% | 16.74% | -12.96% |