PLFRX vs. RCTIX
PLFRX (Pacific Funds Floating Rate Income) and RCTIX (River Canyon Total Return Bond Fund) are both mutual funds - PLFRX is a Bank Loan fund managed by Pacific Funds Series Trust, while RCTIX is a Short-Term Bond fund managed by River Canyon. Over the past 10 years, PLFRX returned 5.08%/yr vs 5.57%/yr for RCTIX. At a 0.13 correlation, their price movements are largely independent. PLFRX charges 0.68%/yr vs 0.89%/yr for RCTIX.
Performance
PLFRX vs. RCTIX - Performance Comparison
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Returns By Period
In the year-to-date period, PLFRX achieves a 0.99% return, which is significantly higher than RCTIX's 0.92% return. Over the past 10 years, PLFRX has underperformed RCTIX with an annualized return of 5.08%, while RCTIX has yielded a comparatively higher 5.57% annualized return.
PLFRX
- 1D
- 0.00%
- 1M
- 0.12%
- YTD
- 0.99%
- 6M
- 1.61%
- 1Y
- 5.81%
- 3Y*
- 7.99%
- 5Y*
- 5.81%
- 10Y*
- 5.08%
RCTIX
- 1D
- 0.10%
- 1M
- 0.71%
- YTD
- 0.92%
- 6M
- 1.17%
- 1Y
- 4.72%
- 3Y*
- 7.47%
- 5Y*
- 4.50%
- 10Y*
- 5.57%
PLFRX vs. RCTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLFRX Pacific Funds Floating Rate Income | 0.99% | 6.68% | 8.38% | 13.94% | -2.01% | 4.36% | 1.26% | 8.30% | 0.39% | 4.33% |
RCTIX River Canyon Total Return Bond Fund | 0.92% | 7.75% | 7.49% | 10.02% | -4.07% | 4.26% | 6.42% | 11.71% | 1.82% | 9.76% |
Correlation
The correlation between PLFRX and RCTIX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.13 |
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Return for Risk
PLFRX vs. RCTIX — Risk / Return Rank
PLFRX
RCTIX
PLFRX vs. RCTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacific Funds Floating Rate Income (PLFRX) and River Canyon Total Return Bond Fund (RCTIX). 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.
| PLFRX | RCTIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.80 | 1.43 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 4.04 | -0.67 |
| Martin ratioReturn relative to average drawdown | 11.48 | 13.38 | -1.90 |
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Drawdowns
PLFRX vs. RCTIX - Drawdown Comparison
The maximum PLFRX drawdown since its inception was -18.75%, which is greater than RCTIX's maximum drawdown of -10.89%. Use the drawdown chart below to compare losses from any high point for PLFRX and RCTIX.
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Drawdown Indicators
| PLFRX | RCTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.75% | -10.89% | -7.86% |
Max Drawdown (1Y)Largest decline over 1 year | -1.73% | -1.20% | -0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -2.17% | -1.48% | -0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -6.44% | -6.17% | -0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -18.75% | -10.89% | -7.86% |
Current DrawdownCurrent decline from peak | -0.32% | -0.20% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -0.73% | -1.08% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 0.36% | +0.15% |
Volatility
PLFRX vs. RCTIX - Volatility Comparison
The current volatility for Pacific Funds Floating Rate Income (PLFRX) is 0.64%, while River Canyon Total Return Bond Fund (RCTIX) has a volatility of 0.78%. This indicates that PLFRX experiences smaller price fluctuations and is considered to be less risky than RCTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLFRX | RCTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 0.78% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 1.89% | 1.84% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.48% | 2.32% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.79% | 2.50% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.77% | 3.74% | +0.03% |
PLFRX vs. RCTIX - Expense Ratio Comparison
PLFRX has a 0.68% expense ratio, which is lower than RCTIX's 0.89% expense ratio.
Dividends
PLFRX vs. RCTIX - Dividend Comparison
PLFRX's dividend yield for the trailing twelve months is around 7.10%, less than RCTIX's 7.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PLFRX Pacific Funds Floating Rate Income | 7.10% | 7.18% | 8.47% | 8.92% | 4.39% | 3.65% | 3.68% | 5.10% | 5.03% | 4.46% | 4.21% | 4.52% |
RCTIX River Canyon Total Return Bond Fund | 7.26% | 7.31% | 7.89% | 8.50% | 5.98% | 3.02% | 5.97% | 4.97% | 3.30% | 4.89% | 2.16% | 0.00% |
Frequently Asked Questions
PLFRX and RCTIX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RCTIX has higher volatility (0.78%) compared to PLFRX (0.64%). In terms of maximum drawdown, PLFRX dropped -18.75% vs RCTIX's -10.89%.
PLFRX currently has the higher Sharpe Ratio (2.35 vs 2.10), 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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