PAFRX vs. GLD
Compare and contrast key facts about T. Rowe Price Floating Rate Fund (PAFRX) and SPDR Gold Trust (GLD).
PAFRX is managed by T. Rowe Price. It was launched on Jul 28, 2011. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PAFRX or GLD.
Correlation
The correlation between PAFRX and GLD is 0.01, 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. GLD - Performance Comparison
Key characteristics
PAFRX:
3.39
GLD:
2.97
PAFRX:
10.30
GLD:
3.74
PAFRX:
3.42
GLD:
1.50
PAFRX:
11.11
GLD:
5.59
PAFRX:
56.73
GLD:
15.27
PAFRX:
0.15%
GLD:
2.97%
PAFRX:
2.46%
GLD:
15.33%
PAFRX:
-19.95%
GLD:
-45.56%
PAFRX:
-0.21%
GLD:
0.00%
Returns By Period
In the year-to-date period, PAFRX achieves a 0.49% return, which is significantly lower than GLD's 11.92% return. Over the past 10 years, PAFRX has underperformed GLD with an annualized return of 4.43%, while GLD has yielded a comparatively higher 8.93% annualized return.
PAFRX
0.49%
0.39%
4.12%
8.35%
5.13%
4.43%
GLD
11.92%
7.06%
18.15%
44.54%
11.90%
8.93%
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PAFRX vs. GLD - Expense Ratio Comparison
PAFRX has a 0.97% expense ratio, which is higher than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
PAFRX vs. GLD — Risk-Adjusted Performance Rank
PAFRX
GLD
PAFRX vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Floating Rate Fund (PAFRX) and SPDR Gold Trust (GLD). 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. GLD - Dividend Comparison
PAFRX's dividend yield for the trailing twelve months is around 7.88%, while GLD has not paid dividends to shareholders.
| 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% |
GLD SPDR Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PAFRX vs. GLD - Drawdown Comparison
The maximum PAFRX drawdown since its inception was -19.95%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for PAFRX and GLD. For additional features, visit the drawdowns tool.
Volatility
PAFRX vs. GLD - Volatility Comparison
The current volatility for T. Rowe Price Floating Rate Fund (PAFRX) is 0.65%, while SPDR Gold Trust (GLD) has a volatility of 3.74%. This indicates that PAFRX experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.