PFLRX vs. PLFRX
PFLRX (Putnam Floating Rate Income Fund) and PLFRX (Pacific Funds Floating Rate Income) are both Bank Loan funds. Over the past 10 years, PFLRX returned 3.63%/yr vs 5.03%/yr for PLFRX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. PFLRX charges 1.03%/yr vs 0.68%/yr for PLFRX.
Performance
PFLRX vs. PLFRX - Performance Comparison
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Returns By Period
In the year-to-date period, PFLRX achieves a 0.55% return, which is significantly lower than PLFRX's 1.54% return. Over the past 10 years, PFLRX has underperformed PLFRX with an annualized return of 3.63%, while PLFRX has yielded a comparatively higher 5.03% annualized return.
PFLRX
- 1D
- 0.13%
- 1M
- 0.13%
- 6M
- 0.61%
- YTD
- 0.55%
- 1Y
- 2.17%
- 3Y*
- 5.05%
- 5Y*
- 4.16%
- 10Y*
- 3.63%
- ALL TIME*
- 3.55%
PLFRX
- 1D
- 0.11%
- 1M
- 0.11%
- 6M
- 1.57%
- YTD
- 1.54%
- 1Y
- 4.60%
- 3Y*
- 7.29%
- 5Y*
- 5.87%
- 10Y*
- 5.03%
- ALL TIME*
- 4.84%
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 |
PFLRX vs. PLFRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFLRX Putnam Floating Rate Income Fund | 0.55% | 4.74% | 6.34% | 11.01% | -2.78% | 3.04% | 0.69% | 8.14% | -0.66% | 3.28% |
PLFRX Pacific Funds Floating Rate Income | 1.54% | 6.68% | 8.38% | 13.94% | -2.01% | 4.36% | 1.26% | 8.30% | 0.39% | 4.33% |
Correlation
The correlation between PFLRX and PLFRX is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2011 | 0.61 |
The correlation between PFLRX and PLFRX has been stable across timeframes, ranging from 0.58 to 0.68 - a consistent structural relationship.
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Return for Risk
PFLRX vs. PLFRX — Risk / Return Rank
PFLRX
PLFRX
PFLRX vs. PLFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Floating Rate Income Fund (PFLRX) and Pacific Funds Floating Rate Income (PLFRX). 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.
| PFLRX | PLFRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.61 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 2.67 | -1.51 |
| Martin ratioReturn relative to average drawdown | 3.10 | 8.98 | -5.88 |
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Drawdowns
PFLRX vs. PLFRX - Drawdown Comparison
The maximum PFLRX drawdown since its inception was -32.89%, which is greater than PLFRX's maximum drawdown of -18.75%. Use the drawdown chart below to compare losses from any high point for PFLRX and PLFRX.
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Drawdown Indicators
| PFLRX | PLFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.89% | -18.75% | -14.14% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | -1.73% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -3.01% | -2.17% | -0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -6.95% | -6.44% | -0.51% |
Max Drawdown (10Y)Largest decline over 10 years | -20.74% | -18.75% | -1.99% |
Current DrawdownCurrent decline from peak | -0.13% | -0.11% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -1.73% | -0.72% | -1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 0.51% | +0.23% |
Volatility
PFLRX vs. PLFRX - Volatility Comparison
Putnam Floating Rate Income Fund (PFLRX) has a higher volatility of 0.30% compared to Pacific Funds Floating Rate Income (PLFRX) at 0.25%. This indicates that PFLRX's price experiences larger fluctuations and is considered to be riskier than PLFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFLRX | PLFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.30% | 0.25% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.58% | 1.84% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.24% | 2.42% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.84% | 2.80% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.02% | 3.77% | +0.25% |
PFLRX vs. PLFRX - Expense Ratio Comparison
PFLRX has a 1.03% expense ratio, which is higher than PLFRX's 0.68% expense ratio.
Dividends
PFLRX vs. PLFRX - Dividend Comparison
PFLRX's dividend yield for the trailing twelve months is around 5.68%, less than PLFRX's 6.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFLRX Putnam Floating Rate Income Fund | 5.68% | 6.69% | 6.25% | 7.27% | 3.48% | 2.63% | 3.10% | 4.56% | 4.54% | 3.69% | 3.71% | 4.45% |
PLFRX Pacific Funds Floating Rate Income | 6.36% | 7.18% | 8.47% | 8.92% | 4.39% | 3.65% | 3.68% | 5.10% | 5.03% | 4.46% | 4.21% | 4.52% |
Frequently Asked Questions
PFLRX and PLFRX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFLRX has higher volatility (0.30%) compared to PLFRX (0.25%). In terms of maximum drawdown, PFLRX dropped -32.89% vs PLFRX's -18.75%.
PLFRX currently has the higher Sharpe Ratio (1.92 vs 1.03), 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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