PRFRX vs. PIPNX
Compare and contrast key facts about T. Rowe Price Floating Rate Fund (PRFRX) and PIMCO Income Fund Class I-3 (PIPNX).
PRFRX is managed by T. Rowe Price. It was launched on Jul 29, 2011. PIPNX is managed by PIMCO. It was launched on Apr 30, 2018.
Performance
PRFRX vs. PIPNX - Performance Comparison
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PRFRX vs. PIPNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PRFRX T. Rowe Price Floating Rate Fund | -0.06% | 13.09% | 8.80% | 13.78% | -1.95% | 4.60% | 1.75% | 8.46% | -1.25% |
PIPNX PIMCO Income Fund Class I-3 | -1.38% | 10.91% | 5.32% | 8.08% | -9.14% | 2.50% | 5.68% | 7.92% | 1.22% |
Returns By Period
In the year-to-date period, PRFRX achieves a -0.06% return, which is significantly higher than PIPNX's -1.38% 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%
PIPNX
- 1D
- 0.47%
- 1M
- -3.24%
- YTD
- -1.38%
- 6M
- 1.09%
- 1Y
- 5.92%
- 3Y*
- 6.68%
- 5Y*
- 3.04%
- 10Y*
- —
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PRFRX vs. PIPNX - Expense Ratio Comparison
PRFRX has a 0.75% expense ratio, which is lower than PIPNX's 0.77% expense ratio.
Return for Risk
PRFRX vs. PIPNX — Risk / Return Rank
PRFRX
PIPNX
PRFRX vs. PIPNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Floating Rate Fund (PRFRX) and PIMCO Income Fund Class I-3 (PIPNX). 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 | PIPNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.66 | 1.53 | +2.13 |
Sortino ratioReturn per unit of downside risk | 7.34 | 2.19 | +5.14 |
Omega ratioGain probability vs. loss probability | 2.39 | 1.29 | +1.10 |
Calmar ratioReturn relative to maximum drawdown | 5.81 | 1.83 | +3.98 |
Martin ratioReturn relative to average drawdown | 28.10 | 7.37 | +20.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PRFRX | PIPNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.66 | 1.53 | +2.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.48 | 0.65 | +1.84 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.43 | 0.83 | +0.60 |
Correlation
The correlation between PRFRX and PIPNX is 0.37, 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. PIPNX - Dividend Comparison
PRFRX's dividend yield for the trailing twelve months is around 12.94%, more than PIPNX's 5.43% 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% |
PIPNX PIMCO Income Fund Class I-3 | 5.43% | 5.86% | 6.15% | 5.08% | 4.89% | 3.91% | 4.73% | 5.66% | 3.66% | 0.00% | 0.00% | 0.00% |
Drawdowns
PRFRX vs. PIPNX - Drawdown Comparison
The maximum PRFRX drawdown since its inception was -20.05%, which is greater than PIPNX's maximum drawdown of -13.42%. Use the drawdown chart below to compare losses from any high point for PRFRX and PIPNX.
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Drawdown Indicators
| PRFRX | PIPNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.05% | -13.42% | -6.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.07% | -3.69% | +1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -5.94% | -13.42% | +7.48% |
Max Drawdown (10Y)Largest decline over 10 years | -20.05% | — | — |
Current DrawdownCurrent decline from peak | -0.64% | -3.24% | +2.60% |
Average DrawdownAverage peak-to-trough decline | -0.69% | -2.42% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 0.92% | -0.49% |
Volatility
PRFRX vs. PIPNX - Volatility Comparison
The current volatility for T. Rowe Price Floating Rate Fund (PRFRX) is 0.74%, while PIMCO Income Fund Class I-3 (PIPNX) has a volatility of 1.88%. This indicates that PRFRX experiences smaller price fluctuations and is considered to be less risky than PIPNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRFRX | PIPNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 1.88% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.18% | 2.63% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 4.27% | -0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.91% | 4.74% | -1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.92% | 4.54% | -0.62% |