PRFRX vs. GECC
PRFRX (T. Rowe Price Floating Rate Fund) is High Yield Bonds fund managed by T. Rowe Price, while GECC (Great Elm Capital Corp.) is a stock. Over the past 5 years, PRFRX returned 9.09%/yr vs -9.47%/yr for GECC. At a 0.09 correlation, their price movements are largely independent.
Performance
PRFRX vs. GECC - Performance Comparison
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Returns By Period
In the year-to-date period, PRFRX achieves a 2.06% return, which is significantly higher than GECC's -13.65% return.
PRFRX
- 1D
- 0.11%
- 1M
- 0.67%
- 6M
- 1.95%
- YTD
- 2.06%
- 1Y
- 5.38%
- 3Y*
- 12.05%
- 5Y*
- 9.09%
- 10Y*
- 6.48%
GECC
- 1D
- 0.95%
- 1M
- -6.71%
- 6M
- -14.56%
- YTD
- -13.65%
- 1Y
- -39.72%
- 3Y*
- 3.61%
- 5Y*
- -9.47%
- 10Y*
- —
PRFRX vs. GECC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRFRX T. Rowe Price Floating Rate Fund | 2.06% | 7.78% | 16.63% | 20.66% | -1.95% | 4.60% | 1.75% | 8.46% | -0.08% | 3.48% |
GECC Great Elm Capital Corp. | -13.65% | -25.44% | 18.85% | 50.81% | -47.39% | -4.46% | -36.93% | 12.30% | -11.10% | -7.41% |
Correlation
The correlation between PRFRX and GECC is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2016 | 0.09 |
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Return for Risk
PRFRX vs. GECC — Risk / Return Rank
PRFRX
GECC
PRFRX vs. GECC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Floating Rate Fund (PRFRX) and Great Elm Capital Corp. (GECC). 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.
| PRFRX | GECC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.21 | ||
| Sortino ratioReturn per unit of downside risk | +6.43 | ||
| Omega ratioGain probability vs. loss probability | 1.77 | 0.82 | +0.95 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | -0.74 | +4.34 |
| Martin ratioReturn relative to average drawdown | 12.92 | -1.12 | +14.04 |
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Drawdowns
PRFRX vs. GECC - Drawdown Comparison
The maximum PRFRX drawdown since its inception was -20.05%, smaller than the maximum GECC drawdown of -74.01%. Use the drawdown chart below to compare losses from any high point for PRFRX and GECC.
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Drawdown Indicators
| PRFRX | GECC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.05% | -74.01% | +53.96% |
Max Drawdown (1Y)Largest decline over 1 year | -1.50% | -53.97% | +52.47% |
Max Drawdown (3Y)Largest decline over 3 years | -2.07% | -53.97% | +51.90% |
Max Drawdown (5Y)Largest decline over 5 years | -5.94% | -56.35% | +50.41% |
Max Drawdown (10Y)Largest decline over 10 years | -20.05% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -67.58% | +67.58% |
Average DrawdownAverage peak-to-trough decline | -0.68% | -40.62% | +39.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 35.64% | -35.22% |
Volatility
PRFRX vs. GECC - Volatility Comparison
The current volatility for T. Rowe Price Floating Rate Fund (PRFRX) is 0.57%, while Great Elm Capital Corp. (GECC) has a volatility of 6.84%. This indicates that PRFRX experiences smaller price fluctuations and is considered to be less risky than GECC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRFRX | GECC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 6.84% | -6.27% |
Volatility (6M)Calculated over the trailing 6-month period | 1.78% | 30.05% | -28.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.43% | 40.50% | -38.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.15% | 30.66% | -27.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.01% | 36.95% | -32.94% |
Dividends
PRFRX vs. GECC - Dividend Comparison
PRFRX's dividend yield for the trailing twelve months is around 7.36%, less than GECC's 28.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GECC Great Elm Capital Corp. | 28.66% | 21.01% | 13.19% | 14.09% | 23.52% | 12.99% | 31.60% | 13.44% | 12.69% | 10.12% | 1.42% | 0.00% |
PRFRX T. Rowe Price Floating Rate Fund | 7.36% | 8.11% | 15.09% | 15.33% | 4.03% | 3.86% | 4.00% | 4.84% | 4.87% | 4.04% | 4.07% | 4.07% |
Frequently Asked Questions
PRFRX and GECC have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GECC has higher volatility (6.84%) compared to PRFRX (0.57%). In terms of maximum drawdown, PRFRX dropped -20.05% vs GECC's -74.01%.
PRFRX currently has the higher Sharpe Ratio (2.22 vs -0.99), 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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