PAFRX vs. JBBB
Compare and contrast key facts about T. Rowe Price Floating Rate Fund (PAFRX) and Janus Henderson B-BBB CLO ETF (JBBB).
PAFRX is managed by T. Rowe Price. It was launched on Jul 28, 2011. JBBB is an actively managed fund by Janus Henderson. It was launched on Jan 11, 2022.
Performance
PAFRX vs. JBBB - Performance Comparison
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PAFRX vs. JBBB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PAFRX T. Rowe Price Floating Rate Fund | -1.03% | 6.37% | 7.89% | 10.68% | -2.32% |
JBBB Janus Henderson B-BBB CLO ETF | -0.18% | 5.43% | 12.50% | 17.63% | -5.99% |
Returns By Period
In the year-to-date period, PAFRX achieves a -1.03% return, which is significantly lower than JBBB's -0.18% 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%
JBBB
- 1D
- 0.63%
- 1M
- 1.10%
- YTD
- -0.18%
- 6M
- 1.19%
- 1Y
- 4.26%
- 3Y*
- 11.06%
- 5Y*
- —
- 10Y*
- —
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PAFRX vs. JBBB - Expense Ratio Comparison
PAFRX has a 0.97% expense ratio, which is higher than JBBB's 0.49% expense ratio.
Return for Risk
PAFRX vs. JBBB — Risk / Return Rank
PAFRX
JBBB
PAFRX vs. JBBB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Floating Rate Fund (PAFRX) and Janus Henderson B-BBB CLO ETF (JBBB). 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 | JBBB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | 0.85 | +0.91 |
Sortino ratioReturn per unit of downside risk | 2.90 | 1.22 | +1.68 |
Omega ratioGain probability vs. loss probability | 1.55 | 1.20 | +0.35 |
Calmar ratioReturn relative to maximum drawdown | 2.36 | 1.30 | +1.06 |
Martin ratioReturn relative to average drawdown | 9.51 | 5.29 | +4.22 |
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 | JBBB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 0.85 | +0.91 |
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 | 1.24 | -0.04 |
Correlation
The correlation between PAFRX and JBBB is 0.21, 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. JBBB - Dividend Comparison
PAFRX's dividend yield for the trailing twelve months is around 6.28%, less than JBBB's 7.65% 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% |
JBBB Janus Henderson B-BBB CLO ETF | 7.65% | 8.41% | 9.24% | 8.71% | 5.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PAFRX vs. JBBB - Drawdown Comparison
The maximum PAFRX drawdown since its inception was -19.95%, which is greater than JBBB's maximum drawdown of -10.57%. Use the drawdown chart below to compare losses from any high point for PAFRX and JBBB.
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Drawdown Indicators
| PAFRX | JBBB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.95% | -10.57% | -9.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.06% | -3.45% | +1.39% |
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% | -1.39% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -1.62% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 0.86% | -0.32% |
Volatility
PAFRX vs. JBBB - Volatility Comparison
The current volatility for T. Rowe Price Floating Rate Fund (PAFRX) is 0.71%, while Janus Henderson B-BBB CLO ETF (JBBB) has a volatility of 2.05%. This indicates that PAFRX experiences smaller price fluctuations and is considered to be less risky than JBBB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAFRX | JBBB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 2.05% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 1.56% | 2.67% | -1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.69% | 5.07% | -2.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.63% | 5.33% | -2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.78% | 5.33% | -1.55% |