PRFRX vs. MFHVX
Compare and contrast key facts about T. Rowe Price Floating Rate Fund (PRFRX) and Mesirow High Yield Fund (MFHVX).
PRFRX is managed by T. Rowe Price. It was launched on Jul 29, 2011. MFHVX is managed by Mesirow. It was launched on Dec 3, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRFRX or MFHVX.
Key characteristics
| PRFRX | MFHVX | |
|---|---|---|
| YTD Return | 5.72% | 7.74% |
| 1Y Return | 9.34% | 12.30% |
| 3Y Return (Ann) | 6.08% | 3.07% |
| 5Y Return (Ann) | 5.05% | 5.52% |
| Sharpe Ratio | 3.52 | 4.45 |
| Daily Std Dev | 2.69% | 2.83% |
| Max Drawdown | -20.05% | -20.95% |
| Current Drawdown | -0.11% | 0.00% |
Correlation
The correlation between PRFRX and MFHVX is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PRFRX vs. MFHVX - Performance Comparison
In the year-to-date period, PRFRX achieves a 5.72% return, which is significantly lower than MFHVX's 7.74% 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. MFHVX - Expense Ratio Comparison
PRFRX has a 0.75% expense ratio, which is lower than MFHVX's 1.43% expense ratio.
Risk-Adjusted Performance
PRFRX vs. MFHVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Floating Rate Fund (PRFRX) and Mesirow High Yield Fund (MFHVX). 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. MFHVX - Dividend Comparison
PRFRX's dividend yield for the trailing twelve months is around 8.56%, less than MFHVX's 9.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRFRX T. Rowe Price Floating Rate Fund | 8.56% | 8.33% | 5.32% | 3.87% | 4.00% | 4.84% | 4.86% | 4.04% | 4.08% | 4.08% | 3.95% | 3.65% |
MFHVX Mesirow High Yield Fund | 9.46% | 9.66% | 8.96% | 8.44% | 7.30% | 8.61% | 0.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PRFRX vs. MFHVX - Drawdown Comparison
The maximum PRFRX drawdown since its inception was -20.05%, roughly equal to the maximum MFHVX drawdown of -20.95%. Use the drawdown chart below to compare losses from any high point for PRFRX and MFHVX. For additional features, visit the drawdowns tool.
Volatility
PRFRX vs. MFHVX - Volatility Comparison
T. Rowe Price Floating Rate Fund (PRFRX) has a higher volatility of 0.77% compared to Mesirow High Yield Fund (MFHVX) at 0.52%. This indicates that PRFRX's price experiences larger fluctuations and is considered to be riskier than MFHVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.