PRFRX vs. PRWAX
Compare and contrast key facts about T. Rowe Price Floating Rate Fund (PRFRX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX).
PRFRX is managed by T. Rowe Price. It was launched on Jul 29, 2011. PRWAX is managed by T. Rowe Price. It was launched on Sep 30, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRFRX or PRWAX.
Key characteristics
| PRFRX | PRWAX | |
|---|---|---|
| YTD Return | 5.72% | 20.61% |
| 1Y Return | 9.34% | 27.57% |
| 3Y Return (Ann) | 6.08% | 8.03% |
| 5Y Return (Ann) | 5.05% | 18.48% |
| 10Y Return (Ann) | 4.35% | 16.19% |
| Sharpe Ratio | 3.52 | 2.14 |
| Daily Std Dev | 2.69% | 13.27% |
| Max Drawdown | -20.05% | -57.72% |
| Current Drawdown | -0.11% | -1.29% |
Correlation
The correlation between PRFRX and PRWAX is 0.24, 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. PRWAX - Performance Comparison
In the year-to-date period, PRFRX achieves a 5.72% return, which is significantly lower than PRWAX's 20.61% return. Over the past 10 years, PRFRX has underperformed PRWAX with an annualized return of 4.35%, while PRWAX has yielded a comparatively higher 16.19% annualized 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. PRWAX - Expense Ratio Comparison
PRFRX has a 0.75% expense ratio, which is lower than PRWAX's 0.76% expense ratio.
Risk-Adjusted Performance
PRFRX vs. PRWAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Floating Rate Fund (PRFRX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX). 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. PRWAX - Dividend Comparison
PRFRX's dividend yield for the trailing twelve months is around 8.56%, more than PRWAX's 4.23% 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% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | 4.23% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% | 14.73% | 11.52% |
Drawdowns
PRFRX vs. PRWAX - Drawdown Comparison
The maximum PRFRX drawdown since its inception was -20.05%, smaller than the maximum PRWAX drawdown of -57.72%. Use the drawdown chart below to compare losses from any high point for PRFRX and PRWAX. For additional features, visit the drawdowns tool.
Volatility
PRFRX vs. PRWAX - Volatility Comparison
The current volatility for T. Rowe Price Floating Rate Fund (PRFRX) is 0.77%, while T. Rowe Price All-Cap Opportunities Fund (PRWAX) has a volatility of 4.17%. This indicates that PRFRX experiences smaller price fluctuations and is considered to be less risky than PRWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.