PFFRX vs. FLOTX
PFFRX (T. Rowe Price Institutional Floating Rate Fund Class F) and FLOTX (Donoghue Forlines Risk Managed Income Fund) are both Bank Loan funds. Over the past 5 years, PFFRX returned 4.98%/yr vs 2.80%/yr for FLOTX. Their 0.31 correlation means their historical movements had little consistent relationship. PFFRX charges 0.70%/yr vs 1.07%/yr for FLOTX.
Performance
PFFRX vs. FLOTX - Performance Comparison
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Returns By Period
In the year-to-date period, PFFRX achieves a 0.77% return, which is significantly higher than FLOTX's -0.16% return.
PFFRX
- 1D
- -0.11%
- 1M
- -0.11%
- 6M
- 0.74%
- YTD
- 0.77%
- 1Y
- 3.56%
- 3Y*
- 6.36%
- 5Y*
- 4.98%
- 10Y*
- 4.53%
- ALL TIME*
- 4.45%
FLOTX
- 1D
- 0.00%
- 1M
- 0.34%
- 6M
- -0.06%
- YTD
- -0.16%
- 1Y
- 2.30%
- 3Y*
- 4.46%
- 5Y*
- 2.80%
- 10Y*
- —
- ALL TIME*
- 3.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PFFRX vs. FLOTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PFFRX T. Rowe Price Institutional Floating Rate Fund Class F | 0.77% | 6.57% | 7.54% | 10.89% | -2.14% | 4.64% | 2.29% | 8.69% | -0.45% |
FLOTX Donoghue Forlines Risk Managed Income Fund | -0.16% | 2.47% | 6.76% | 8.28% | -3.59% | 2.45% | 3.95% | 3.51% | 1.96% |
Correlation
The correlation between PFFRX and FLOTX is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2018 | 0.31 |
The correlation between PFFRX and FLOTX shifts across timeframes, from 0.27 (5 years) to 0.38 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PFFRX vs. FLOTX — Risk / Return Rank
PFFRX
FLOTX
PFFRX vs. FLOTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Institutional Floating Rate Fund Class F (PFFRX) and Donoghue Forlines Risk Managed Income Fund (FLOTX). 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.
| PFFRX | FLOTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.28 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 0.93 | +1.45 |
| Martin ratioReturn relative to average drawdown | 7.65 | 2.32 | +5.33 |
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Drawdowns
PFFRX vs. FLOTX - Drawdown Comparison
The maximum PFFRX drawdown since its inception was -19.70%, which is greater than FLOTX's maximum drawdown of -4.40%. Use the drawdown chart below to compare losses from any high point for PFFRX and FLOTX.
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Drawdown Indicators
| PFFRX | FLOTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.70% | -4.40% | -15.30% |
Max Drawdown (1Y)Largest decline over 1 year | -1.46% | -2.36% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -2.29% | -3.34% | +1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -6.05% | -4.40% | -1.65% |
Max Drawdown (10Y)Largest decline over 10 years | -19.70% | — | — |
Current DrawdownCurrent decline from peak | -0.51% | -0.59% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -0.68% | -1.03% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.95% | -0.50% |
Volatility
PFFRX vs. FLOTX - Volatility Comparison
The current volatility for T. Rowe Price Institutional Floating Rate Fund Class F (PFFRX) is 0.31%, while Donoghue Forlines Risk Managed Income Fund (FLOTX) has a volatility of 0.42%. This indicates that PFFRX experiences smaller price fluctuations and is considered to be less risky than FLOTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFFRX | FLOTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.31% | 0.42% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 1.64% | 1.33% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.20% | 1.68% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.71% | 2.69% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.79% | 2.44% | +1.35% |
PFFRX vs. FLOTX - Expense Ratio Comparison
PFFRX has a 0.70% expense ratio, which is lower than FLOTX's 1.07% expense ratio.
Dividends
PFFRX vs. FLOTX - Dividend Comparison
PFFRX's dividend yield for the trailing twelve months is around 5.70%, less than FLOTX's 6.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLOTX Donoghue Forlines Risk Managed Income Fund | 6.69% | 5.79% | 7.15% | 7.16% | 1.56% | 2.13% | 2.42% | 3.78% | 3.20% | 0.00% | 0.00% | 0.00% |
PFFRX T. Rowe Price Institutional Floating Rate Fund Class F | 5.70% | 7.09% | 6.92% | 7.21% | 4.03% | 3.81% | 4.18% | 5.01% | 5.04% | 4.20% | 4.18% | 4.32% |
Frequently Asked Questions
PFFRX and FLOTX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLOTX has higher volatility (0.42%) compared to PFFRX (0.31%). In terms of maximum drawdown, PFFRX dropped -19.70% vs FLOTX's -4.40%.
PFFRX currently has the higher Sharpe Ratio (1.58 vs 1.31), 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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