PRFRX vs. SHYPX
Compare and contrast key facts about T. Rowe Price Floating Rate Fund (PRFRX) and American Beacon SiM High Yld Opps Fund (SHYPX).
PRFRX is managed by T. Rowe Price. It was launched on Jul 29, 2011. SHYPX is managed by American Beacon. It was launched on Feb 14, 2011.
Performance
PRFRX vs. SHYPX - Performance Comparison
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PRFRX vs. SHYPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRFRX T. Rowe Price Floating Rate Fund | -0.06% | 13.09% | 8.80% | 13.78% | -1.95% | 4.60% | 1.75% | 8.46% | -0.08% | 3.48% |
SHYPX American Beacon SiM High Yld Opps Fund | -0.38% | 9.15% | 10.25% | 13.26% | -8.39% | 8.34% | 6.08% | 12.05% | -1.46% | 7.14% |
Returns By Period
In the year-to-date period, PRFRX achieves a -0.06% return, which is significantly higher than SHYPX's -0.38% return. Over the past 10 years, PRFRX has underperformed SHYPX with an annualized return of 5.66%, while SHYPX has yielded a comparatively higher 6.59% annualized 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%
SHYPX
- 1D
- 0.11%
- 1M
- -1.79%
- YTD
- -0.38%
- 6M
- 1.44%
- 1Y
- 7.27%
- 3Y*
- 9.09%
- 5Y*
- 5.34%
- 10Y*
- 6.59%
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PRFRX vs. SHYPX - Expense Ratio Comparison
PRFRX has a 0.75% expense ratio, which is lower than SHYPX's 1.10% expense ratio.
Return for Risk
PRFRX vs. SHYPX — Risk / Return Rank
PRFRX
SHYPX
PRFRX vs. SHYPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Floating Rate Fund (PRFRX) and American Beacon SiM High Yld Opps Fund (SHYPX). 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 | SHYPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.66 | 2.34 | +1.32 |
Sortino ratioReturn per unit of downside risk | 7.34 | 3.34 | +4.00 |
Omega ratioGain probability vs. loss probability | 2.39 | 1.55 | +0.83 |
Calmar ratioReturn relative to maximum drawdown | 5.81 | 2.33 | +3.48 |
Martin ratioReturn relative to average drawdown | 28.10 | 10.21 | +17.89 |
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 | SHYPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.66 | 2.34 | +1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.48 | 1.25 | +1.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.45 | 1.29 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.43 | 1.37 | +0.05 |
Correlation
The correlation between PRFRX and SHYPX 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.
Dividends
PRFRX vs. SHYPX - Dividend Comparison
PRFRX's dividend yield for the trailing twelve months is around 12.94%, more than SHYPX's 5.95% 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% |
SHYPX American Beacon SiM High Yld Opps Fund | 5.95% | 6.63% | 7.06% | 7.39% | 4.10% | 5.09% | 6.05% | 5.91% | 6.09% | 5.52% | 6.38% | 4.95% |
Drawdowns
PRFRX vs. SHYPX - Drawdown Comparison
The maximum PRFRX drawdown since its inception was -20.05%, smaller than the maximum SHYPX drawdown of -24.85%. Use the drawdown chart below to compare losses from any high point for PRFRX and SHYPX.
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Drawdown Indicators
| PRFRX | SHYPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.05% | -24.85% | +4.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.07% | -3.15% | +1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -5.94% | -12.50% | +6.56% |
Max Drawdown (10Y)Largest decline over 10 years | -20.05% | -24.85% | +4.80% |
Current DrawdownCurrent decline from peak | -0.64% | -1.79% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -0.69% | -1.90% | +1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 0.72% | -0.29% |
Volatility
PRFRX vs. SHYPX - Volatility Comparison
The current volatility for T. Rowe Price Floating Rate Fund (PRFRX) is 0.74%, while American Beacon SiM High Yld Opps Fund (SHYPX) has a volatility of 0.90%. This indicates that PRFRX experiences smaller price fluctuations and is considered to be less risky than SHYPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRFRX | SHYPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.90% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.18% | 1.82% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 3.31% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.91% | 4.31% | -1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.92% | 5.13% | -1.21% |