PAFRX vs. PRFRX
Compare and contrast key facts about T. Rowe Price Floating Rate Fund (PAFRX) and T. Rowe Price Floating Rate Fund (PRFRX).
PAFRX is managed by T. Rowe Price. It was launched on Jul 28, 2011. 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: PAFRX or PRFRX.
Correlation
The correlation between PAFRX and PRFRX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PAFRX vs. PRFRX - Performance Comparison
Key characteristics
PAFRX:
1.92
PRFRX:
1.92
PAFRX:
3.83
PRFRX:
3.77
PAFRX:
1.88
PRFRX:
1.89
PAFRX:
2.17
PRFRX:
2.20
PAFRX:
16.66
PRFRX:
17.61
PAFRX:
0.29%
PRFRX:
0.28%
PAFRX:
2.55%
PRFRX:
2.59%
PAFRX:
-19.95%
PRFRX:
-20.05%
PAFRX:
-2.26%
PRFRX:
-2.26%
Returns By Period
In the year-to-date period, PAFRX achieves a -1.37% return, which is significantly higher than PRFRX's -1.45% return. Both investments have delivered pretty close results over the past 10 years, with PAFRX having a 4.11% annualized return and PRFRX not far ahead at 4.28%.
PAFRX
-1.37%
-2.05%
0.81%
4.90%
7.36%
4.11%
PRFRX
-1.45%
-2.16%
0.78%
4.97%
7.56%
4.28%
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PAFRX vs. PRFRX - Expense Ratio Comparison
PAFRX has a 0.97% expense ratio, which is higher than PRFRX's 0.75% expense ratio.
Risk-Adjusted Performance
PAFRX vs. PRFRX — Risk-Adjusted Performance Rank
PAFRX
PRFRX
PAFRX vs. PRFRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Floating Rate Fund (PAFRX) 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
PAFRX vs. PRFRX - Dividend Comparison
PAFRX's dividend yield for the trailing twelve months is around 7.21%, less than PRFRX's 7.40% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAFRX T. Rowe Price Floating Rate Fund | 7.21% | 7.98% | 8.14% | 5.00% | 3.64% | 3.79% | 4.62% | 4.65% | 3.84% | 3.85% | 3.96% | 3.75% |
PRFRX T. Rowe Price Floating Rate Fund | 7.40% | 8.17% | 8.33% | 5.20% | 3.87% | 4.00% | 4.84% | 4.86% | 4.04% | 4.08% | 4.08% | 3.85% |
Drawdowns
PAFRX vs. PRFRX - Drawdown Comparison
The maximum PAFRX drawdown since its inception was -19.95%, roughly equal to the maximum PRFRX drawdown of -20.05%. Use the drawdown chart below to compare losses from any high point for PAFRX and PRFRX. For additional features, visit the drawdowns tool.
Volatility
PAFRX vs. PRFRX - Volatility Comparison
T. Rowe Price Floating Rate Fund (PAFRX) and T. Rowe Price Floating Rate Fund (PRFRX) have volatilities of 0.92% and 0.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.