PRFRX vs. AGG
Compare and contrast key facts about T. Rowe Price Floating Rate Fund (PRFRX) and iShares Core U.S. Aggregate Bond ETF (AGG).
PRFRX is managed by T. Rowe Price. It was launched on Jul 29, 2011. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRFRX or AGG.
Key characteristics
| PRFRX | AGG | |
|---|---|---|
| YTD Return | 7.44% | 1.81% |
| 1Y Return | 10.11% | 6.82% |
| 3Y Return (Ann) | 6.37% | -2.19% |
| 5Y Return (Ann) | 5.30% | -0.18% |
| 10Y Return (Ann) | 4.49% | 1.45% |
| Sharpe Ratio | 3.89 | 1.37 |
| Sortino Ratio | 12.60 | 2.02 |
| Omega Ratio | 4.25 | 1.24 |
| Calmar Ratio | 13.59 | 0.55 |
| Martin Ratio | 72.03 | 4.85 |
| Ulcer Index | 0.14% | 1.68% |
| Daily Std Dev | 2.63% | 5.95% |
| Max Drawdown | -20.05% | -18.43% |
| Current Drawdown | 0.00% | -8.49% |
Correlation
The correlation between PRFRX and AGG is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
PRFRX vs. AGG - Performance Comparison
In the year-to-date period, PRFRX achieves a 7.44% return, which is significantly higher than AGG's 1.81% return. Over the past 10 years, PRFRX has outperformed AGG with an annualized return of 4.49%, while AGG has yielded a comparatively lower 1.45% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PRFRX vs. AGG - Expense Ratio Comparison
PRFRX has a 0.75% expense ratio, which is higher than AGG's 0.05% expense ratio.
Risk-Adjusted Performance
PRFRX vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Floating Rate Fund (PRFRX) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
Dividends
PRFRX vs. AGG - Dividend Comparison
PRFRX's dividend yield for the trailing twelve months is around 8.39%, more than AGG's 3.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRFRX T. Rowe Price Floating Rate Fund | 8.39% | 8.33% | 5.20% | 3.87% | 4.00% | 4.84% | 4.86% | 4.04% | 4.08% | 4.08% | 3.85% | 3.53% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.96% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
PRFRX vs. AGG - Drawdown Comparison
The maximum PRFRX drawdown since its inception was -20.05%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for PRFRX and AGG. For additional features, visit the drawdowns tool.
Volatility
PRFRX vs. AGG - Volatility Comparison
The current volatility for T. Rowe Price Floating Rate Fund (PRFRX) is 0.70%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.71%. This indicates that PRFRX experiences smaller price fluctuations and is considered to be less risky than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.