PRFRX vs. OOSAX
Compare and contrast key facts about T. Rowe Price Floating Rate Fund (PRFRX) and Invesco Senior Floating Rate Fund (OOSAX).
PRFRX is managed by T. Rowe Price. It was launched on Jul 29, 2011. OOSAX is managed by Invesco. It was launched on Sep 7, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRFRX or OOSAX.
Correlation
The correlation between PRFRX and OOSAX is 0.26, 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.
Performance
PRFRX vs. OOSAX - Performance Comparison
Key characteristics
PRFRX:
2.09
OOSAX:
1.58
PRFRX:
3.79
OOSAX:
2.95
PRFRX:
1.87
OOSAX:
1.50
PRFRX:
2.03
OOSAX:
1.82
PRFRX:
10.07
OOSAX:
7.84
PRFRX:
0.59%
OOSAX:
0.67%
PRFRX:
2.83%
OOSAX:
3.30%
PRFRX:
-20.05%
OOSAX:
-32.11%
PRFRX:
-1.51%
OOSAX:
-1.64%
Returns By Period
In the year-to-date period, PRFRX achieves a -0.69% return, which is significantly higher than OOSAX's -0.95% return. Over the past 10 years, PRFRX has outperformed OOSAX with an annualized return of 4.34%, while OOSAX has yielded a comparatively lower 3.55% annualized return.
PRFRX
-0.69%
-0.98%
1.44%
5.89%
6.86%
4.34%
OOSAX
-0.95%
-0.53%
1.38%
5.37%
7.95%
3.55%
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PRFRX vs. OOSAX - Expense Ratio Comparison
PRFRX has a 0.75% expense ratio, which is lower than OOSAX's 1.04% expense ratio.
Risk-Adjusted Performance
PRFRX vs. OOSAX — Risk-Adjusted Performance Rank
PRFRX
OOSAX
PRFRX vs. OOSAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Floating Rate Fund (PRFRX) and Invesco Senior Floating Rate Fund (OOSAX). 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. OOSAX - Dividend Comparison
PRFRX's dividend yield for the trailing twelve months is around 7.35%, less than OOSAX's 9.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRFRX T. Rowe Price Floating Rate Fund | 7.35% | 8.17% | 8.33% | 5.20% | 3.87% | 4.00% | 4.84% | 4.86% | 4.04% | 4.08% | 4.08% | 3.85% |
OOSAX Invesco Senior Floating Rate Fund | 9.16% | 9.18% | 8.58% | 8.11% | 4.36% | 4.83% | 5.23% | 4.64% | 4.10% | 4.77% | 4.64% | 4.55% |
Drawdowns
PRFRX vs. OOSAX - Drawdown Comparison
The maximum PRFRX drawdown since its inception was -20.05%, smaller than the maximum OOSAX drawdown of -32.11%. Use the drawdown chart below to compare losses from any high point for PRFRX and OOSAX. For additional features, visit the drawdowns tool.
Volatility
PRFRX vs. OOSAX - Volatility Comparison
T. Rowe Price Floating Rate Fund (PRFRX) and Invesco Senior Floating Rate Fund (OOSAX) have volatilities of 1.53% and 1.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.