PFLRX vs. RCRIX
Compare and contrast key facts about Putnam Floating Rate Income Fund (PFLRX) and RiverPark Floating Rate CMBS Fund (RCRIX).
PFLRX is managed by Putnam. It was launched on Aug 3, 2004. RCRIX is managed by RiverPark Funds. It was launched on Sep 29, 2016.
Performance
PFLRX vs. RCRIX - Performance Comparison
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PFLRX vs. RCRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFLRX Putnam Floating Rate Income Fund | -1.61% | 4.74% | 6.34% | 11.01% | -2.78% | 3.04% | 0.69% | 8.14% | -0.66% | 1.91% |
RCRIX RiverPark Floating Rate CMBS Fund | 0.88% | 5.56% | 10.01% | 9.85% | -0.72% | 2.81% | -8.51% | 4.46% | 59.17% | 3.09% |
Returns By Period
In the year-to-date period, PFLRX achieves a -1.61% return, which is significantly lower than RCRIX's 0.88% return.
PFLRX
- 1D
- 0.00%
- 1M
- -0.52%
- YTD
- -1.61%
- 6M
- -0.66%
- 1Y
- 3.15%
- 3Y*
- 5.63%
- 5Y*
- 3.88%
- 10Y*
- 3.79%
RCRIX
- 1D
- 0.11%
- 1M
- 0.11%
- YTD
- 0.88%
- 6M
- 2.04%
- 1Y
- 5.49%
- 3Y*
- 8.16%
- 5Y*
- 5.21%
- 10Y*
- —
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PFLRX vs. RCRIX - Expense Ratio Comparison
PFLRX has a 1.03% expense ratio, which is higher than RCRIX's 0.85% expense ratio.
Return for Risk
PFLRX vs. RCRIX — Risk / Return Rank
PFLRX
RCRIX
PFLRX vs. RCRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Floating Rate Income Fund (PFLRX) and RiverPark Floating Rate CMBS Fund (RCRIX). 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.
| PFLRX | RCRIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.18 | 3.51 | -2.34 |
Sortino ratioReturn per unit of downside risk | 1.88 | 5.49 | -3.61 |
Omega ratioGain probability vs. loss probability | 1.31 | 3.02 | -1.72 |
Calmar ratioReturn relative to maximum drawdown | 1.44 | 2.84 | -1.40 |
Martin ratioReturn relative to average drawdown | 4.99 | 23.96 | -18.97 |
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
| PFLRX | RCRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 3.51 | -2.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.39 | 3.27 | -1.89 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 1.08 | -0.13 |
Correlation
The correlation between PFLRX and RCRIX is 0.16, 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
PFLRX vs. RCRIX - Dividend Comparison
PFLRX's dividend yield for the trailing twelve months is around 6.38%, more than RCRIX's 4.67% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFLRX Putnam Floating Rate Income Fund | 6.38% | 6.69% | 6.25% | 7.27% | 3.48% | 2.63% | 3.10% | 4.56% | 4.54% | 3.69% | 3.71% | 4.45% |
RCRIX RiverPark Floating Rate CMBS Fund | 4.67% | 5.30% | 6.85% | 7.90% | 3.80% | 2.34% | 3.16% | 3.36% | 49.16% | 3.64% | 0.00% | 0.00% |
Drawdowns
PFLRX vs. RCRIX - Drawdown Comparison
The maximum PFLRX drawdown since its inception was -32.89%, which is greater than RCRIX's maximum drawdown of -30.00%. Use the drawdown chart below to compare losses from any high point for PFLRX and RCRIX.
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Drawdown Indicators
| PFLRX | RCRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.89% | -30.00% | -2.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.29% | -1.82% | -0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -6.95% | -3.75% | -3.20% |
Max Drawdown (10Y)Largest decline over 10 years | -20.74% | — | — |
Current DrawdownCurrent decline from peak | -1.98% | 0.00% | -1.98% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -3.07% | +1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.23% | +0.43% |
Volatility
PFLRX vs. RCRIX - Volatility Comparison
Putnam Floating Rate Income Fund (PFLRX) has a higher volatility of 0.77% compared to RiverPark Floating Rate CMBS Fund (RCRIX) at 0.30%. This indicates that PFLRX's price experiences larger fluctuations and is considered to be riskier than RCRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFLRX | RCRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 0.30% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 1.72% | 0.58% | +1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.93% | 1.54% | +1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.81% | 1.60% | +1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.01% | 8.01% | -4.00% |