Correlation
The correlation between PLFRX and SPY is 0.24, 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.
PLFRX vs. SPY
Compare and contrast key facts about Pacific Funds Floating Rate Income (PLFRX) and SPDR S&P 500 ETF (SPY).
PLFRX is managed by Pacific Funds Series Trust. It was launched on Jun 29, 2011. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PLFRX or SPY.
Performance
PLFRX vs. SPY - Performance Comparison
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Key characteristics
PLFRX:
2.23
SPY:
0.70
PLFRX:
4.25
SPY:
1.02
PLFRX:
1.85
SPY:
1.15
PLFRX:
2.83
SPY:
0.68
PLFRX:
13.86
SPY:
2.57
PLFRX:
0.44%
SPY:
4.93%
PLFRX:
2.82%
SPY:
20.42%
PLFRX:
-18.75%
SPY:
-55.19%
PLFRX:
0.00%
SPY:
-3.55%
Returns By Period
In the year-to-date period, PLFRX achieves a 1.20% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, PLFRX has underperformed SPY with an annualized return of 4.80%, while SPY has yielded a comparatively higher 12.73% annualized return.
PLFRX
1.20%
0.75%
1.66%
5.47%
8.26%
6.59%
4.80%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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PLFRX vs. SPY - Expense Ratio Comparison
PLFRX has a 0.68% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PLFRX vs. SPY — Risk-Adjusted Performance Rank
PLFRX
SPY
PLFRX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacific Funds Floating Rate Income (PLFRX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
PLFRX vs. SPY - Dividend Comparison
PLFRX's dividend yield for the trailing twelve months is around 7.16%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PLFRX Pacific Funds Floating Rate Income | 7.16% | 8.47% | 8.92% | 5.66% | 3.93% | 4.06% | 5.14% | 5.08% | 4.46% | 4.22% | 4.51% | 4.84% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PLFRX vs. SPY - Drawdown Comparison
The maximum PLFRX drawdown since its inception was -18.75%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PLFRX and SPY.
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Volatility
PLFRX vs. SPY - Volatility Comparison
The current volatility for Pacific Funds Floating Rate Income (PLFRX) is 0.42%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that PLFRX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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