PRFRX vs. FLRN
Compare and contrast key facts about T. Rowe Price Floating Rate Fund (PRFRX) and SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN).
PRFRX is managed by T. Rowe Price. It was launched on Jul 29, 2011. FLRN is a passively managed fund by State Street that tracks the performance of the Bloomberg US Floating Rate Notes (<5 Y). It was launched on Nov 30, 2011.
Performance
PRFRX vs. FLRN - Performance Comparison
Loading graphics...
PRFRX vs. FLRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRFRX T. Rowe Price Floating Rate Fund | -0.06% | 13.09% | 8.80% | 13.78% | -1.95% | 4.60% | 1.75% | 8.46% | -0.08% | 3.48% |
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 0.84% | 5.01% | 6.32% | 6.54% | 1.31% | 0.39% | 0.77% | 4.02% | 1.39% | 1.81% |
Returns By Period
In the year-to-date period, PRFRX achieves a -0.06% return, which is significantly lower than FLRN's 0.84% return. Over the past 10 years, PRFRX has outperformed FLRN with an annualized return of 5.66%, while FLRN has yielded a comparatively lower 2.99% annualized return.
PRFRX
- 1D
- 0.00%
- 1M
- -0.11%
- YTD
- -0.06%
- 6M
- 3.35%
- 1Y
- 11.72%
- 3Y*
- 10.22%
- 5Y*
- 7.18%
- 10Y*
- 5.66%
FLRN
- 1D
- 0.16%
- 1M
- 0.13%
- YTD
- 0.84%
- 6M
- 1.99%
- 1Y
- 4.67%
- 3Y*
- 5.88%
- 5Y*
- 4.00%
- 10Y*
- 2.99%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PRFRX vs. FLRN - Expense Ratio Comparison
PRFRX has a 0.75% expense ratio, which is higher than FLRN's 0.15% expense ratio.
Return for Risk
PRFRX vs. FLRN — Risk / Return Rank
PRFRX
FLRN
PRFRX vs. FLRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Floating Rate Fund (PRFRX) and SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN). 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.
| PRFRX | FLRN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.66 | 2.58 | +1.08 |
Sortino ratioReturn per unit of downside risk | 7.34 | 3.22 | +4.11 |
Omega ratioGain probability vs. loss probability | 2.39 | 2.10 | +0.28 |
Calmar ratioReturn relative to maximum drawdown | 5.81 | 3.21 | +2.60 |
Martin ratioReturn relative to average drawdown | 28.10 | 26.30 | +1.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PRFRX | FLRN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.66 | 2.58 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.48 | 2.39 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.45 | 0.71 | +0.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.43 | 0.49 | +0.94 |
Correlation
The correlation between PRFRX and FLRN is 0.10, 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
PRFRX vs. FLRN - Dividend Comparison
PRFRX's dividend yield for the trailing twelve months is around 12.94%, more than FLRN's 4.69% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRFRX T. Rowe Price Floating Rate Fund | 12.94% | 12.91% | 8.17% | 9.57% | 4.03% | 3.86% | 4.00% | 4.84% | 4.87% | 4.04% | 4.07% | 4.07% |
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 4.69% | 4.89% | 5.67% | 5.68% | 1.95% | 0.39% | 1.22% | 2.76% | 2.39% | 1.64% | 1.06% | 0.63% |
Drawdowns
PRFRX vs. FLRN - Drawdown Comparison
The maximum PRFRX drawdown since its inception was -20.05%, which is greater than FLRN's maximum drawdown of -14.64%. Use the drawdown chart below to compare losses from any high point for PRFRX and FLRN.
Loading graphics...
Drawdown Indicators
| PRFRX | FLRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.05% | -14.64% | -5.41% |
Max Drawdown (1Y)Largest decline over 1 year | -2.07% | -1.43% | -0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -5.94% | -2.16% | -3.78% |
Max Drawdown (10Y)Largest decline over 10 years | -20.05% | -14.64% | -5.41% |
Current DrawdownCurrent decline from peak | -0.64% | 0.00% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -0.69% | -1.85% | +1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 0.17% | +0.26% |
Volatility
PRFRX vs. FLRN - Volatility Comparison
T. Rowe Price Floating Rate Fund (PRFRX) has a higher volatility of 0.74% compared to SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) at 0.37%. This indicates that PRFRX's price experiences larger fluctuations and is considered to be riskier than FLRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PRFRX | FLRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.37% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.18% | 0.54% | +1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 1.82% | +1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.91% | 1.69% | +1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.92% | 4.21% | -0.29% |