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PDGIX vs. TFLR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PDGIX vs. TFLR

Last updated Jun 13, 2026

PDGIX (T. Rowe Price Dividend Growth Fund) and TFLR (T. Rowe Price Floating Rate ETF) are both funds - PDGIX is a Large Cap Value Equities fund actively managed by T. Rowe Price, while TFLR is a Bank Loan fund actively managed by T. Rowe Price. Both are actively managed. Over the past 3 years, PDGIX returned 15.48%/yr vs 7.84%/yr for TFLR. At a 0.46 correlation, their price movements are largely independent. PDGIX charges 0.51%/yr vs 0.60%/yr for TFLR.

Performance

PDGIX vs. TFLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Dividend Growth Fund (PDGIX) and T. Rowe Price Floating Rate ETF (TFLR). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PDGIX achieves a 7.64% return, which is significantly higher than TFLR's 1.17% return.

PDGIX

1D
1.34%
1M
2.48%
YTD
7.64%
6M
7.36%
1Y
16.36%
3Y*
15.48%
5Y*
10.10%
10Y*
13.06%

TFLR

1D
0.00%
1M
-0.07%
YTD
1.17%
6M
1.49%
1Y
5.24%
3Y*
7.84%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PDGIX vs. TFLR - Yearly Performance Comparison

2026 (YTD)2025202420232022
PDGIX
T. Rowe Price Dividend Growth Fund		7.64%14.91%13.63%13.82%-0.30%
TFLR
T. Rowe Price Floating Rate ETF		1.17%6.57%8.77%12.05%-0.44%

Correlation

The correlation between PDGIX and TFLR is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.41

Correlation (3Y)
Calculated over the trailing 3-year period

0.41

Correlation (All Time)
Calculated using the full available price history since Nov 17, 2022

0.46

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T. Rowe Price Dividend Growth Fund

T. Rowe Price Floating Rate ETF

Often compared with PDGIX:
PDGIX vs. VIMAXPDGIX vs. SCHDPDGIX vs. PRDGXPDGIX vs. FXAIXPDGIX vs. FDGFXPDGIX vs. POMIXPDGIX vs. VOO
Often compared with TFLR:
TFLR vs. CLOZTFLR vs. JAAATFLR vs. FIQSXTFLR vs. JPLDTFLR vs. BBBIXTFLR vs. JBBBTFLR vs. ICLO

Return for Risk

PDGIX vs. TFLR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PDGIX
PDGIX Risk / Return Rank: 5454
Overall Rank
PDGIX Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
PDGIX Sortino Ratio Rank: 5555
Sortino Ratio Rank
PDGIX Omega Ratio Rank: 5050
Omega Ratio Rank
PDGIX Calmar Ratio Rank: 5353
Calmar Ratio Rank
PDGIX Martin Ratio Rank: 5858
Martin Ratio Rank
TFLR
TFLR Risk / Return Rank: 8080
Overall Rank
TFLR Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
TFLR Sortino Ratio Rank: 9292
Sortino Ratio Rank
TFLR Omega Ratio Rank: 9494
Omega Ratio Rank
TFLR Calmar Ratio Rank: 5555
Calmar Ratio Rank
TFLR Martin Ratio Rank: 6969
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PDGIX vs. TFLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Dividend Growth Fund (PDGIX) and T. Rowe Price Floating Rate ETF (TFLR). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

PDGIXTFLRDifference
Sharpe ratioReturn per unit of total volatility
1.70
2.65

-0.95

Sortino ratioReturn per unit of downside risk
2.44
3.92

-1.49

Omega ratioGain probability vs. loss probability

1.30

1.61

-0.30

Calmar ratioReturn relative to maximum drawdown

2.31

2.42

-0.11

Martin ratioReturn relative to average drawdown

9.42

11.04

-1.62

PDGIX vs. TFLR - Sharpe Ratio Comparison

The current PDGIX Sharpe Ratio is 1.70, which is lower than the TFLR Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of PDGIX and TFLR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PDGIX vs. TFLR - Drawdown Comparison

The maximum PDGIX drawdown since its inception was -33.17%, which is greater than TFLR's maximum drawdown of -4.01%. Use the drawdown chart below to compare losses from any high point for PDGIX and TFLR.

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Drawdown Indicators

PDGIXTFLRDifference

Max Drawdown

Largest peak-to-trough decline

-33.17%

-4.01%

-29.16%

Max Drawdown (1Y)

Largest decline over 1 year

-7.32%

-2.18%

-5.14%

Max Drawdown (3Y)

Largest decline over 3 years

-14.12%

-4.01%

-10.11%

Max Drawdown (5Y)

Largest decline over 5 years

-19.21%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-33.17%

—

—

Current Drawdown

Current decline from peak

-0.39%

-0.30%

-0.09%

Average Drawdown

Average peak-to-trough decline

-3.35%

-0.22%

-3.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.79%

0.48%

+1.31%

Volatility

PDGIX vs. TFLR - Volatility Comparison

T. Rowe Price Dividend Growth Fund (PDGIX) has a higher volatility of 2.85% compared to T. Rowe Price Floating Rate ETF (TFLR) at 0.43%. This indicates that PDGIX's price experiences larger fluctuations and is considered to be riskier than TFLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PDGIXTFLRDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.85%

0.43%

+2.42%

Volatility (6M)

Calculated over the trailing 6-month period

7.79%

1.73%

+6.06%

Volatility (1Y)

Calculated over the trailing 1-year period

9.94%

1.98%

+7.96%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.09%

3.66%

+10.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.88%

3.66%

+12.22%

PDGIX vs. TFLR - Expense Ratio Comparison

PDGIX has a 0.51% expense ratio, which is lower than TFLR's 0.60% expense ratio.

Dividends

PDGIX vs. TFLR - Dividend Comparison

PDGIX's dividend yield for the trailing twelve months is around 7.66%, more than TFLR's 6.78% yield.

PositionTTM2025202420232022202120202019201820172016
PDGIX
T. Rowe Price Dividend Growth Fund		7.66%8.16%4.80%2.90%3.99%2.09%1.15%2.44%3.81%1.89%3.20%
TFLR
T. Rowe Price Floating Rate ETF		6.78%6.93%8.18%7.76%0.58%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

PDGIX and TFLR have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PDGIX has higher volatility (2.85%) compared to TFLR (0.43%). In terms of maximum drawdown, PDGIX dropped -33.17% vs TFLR's -4.01%.

TFLR currently has the higher Sharpe Ratio (2.65 vs 1.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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