PRFRX vs. SPY
Compare and contrast key facts about T. Rowe Price Floating Rate Fund (PRFRX) and SPDR S&P 500 ETF (SPY).
PRFRX is managed by T. Rowe Price. It was launched on Jul 29, 2011. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRFRX or SPY.
Correlation
The correlation between PRFRX and SPY 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. SPY - Performance Comparison
Key characteristics
PRFRX:
2.09
SPY:
0.51
PRFRX:
3.79
SPY:
0.86
PRFRX:
1.87
SPY:
1.13
PRFRX:
2.03
SPY:
0.55
PRFRX:
10.07
SPY:
2.26
PRFRX:
0.59%
SPY:
4.55%
PRFRX:
2.83%
SPY:
20.08%
PRFRX:
-20.05%
SPY:
-55.19%
PRFRX:
-1.51%
SPY:
-9.89%
Returns By Period
In the year-to-date period, PRFRX achieves a -0.69% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, PRFRX has underperformed SPY with an annualized return of 4.34%, while SPY has yielded a comparatively higher 11.99% annualized return.
PRFRX
-0.69%
-0.98%
1.44%
5.89%
6.86%
4.34%
SPY
-5.76%
-3.16%
-4.30%
10.76%
15.96%
11.99%
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PRFRX vs. SPY - Expense Ratio Comparison
PRFRX has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PRFRX vs. SPY — Risk-Adjusted Performance Rank
PRFRX
SPY
PRFRX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Floating Rate Fund (PRFRX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
PRFRX's dividend yield for the trailing twelve months is around 7.35%, more than SPY's 1.30% 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% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PRFRX vs. SPY - Drawdown Comparison
The maximum PRFRX drawdown since its inception was -20.05%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PRFRX and SPY. For additional features, visit the drawdowns tool.
Volatility
PRFRX vs. SPY - Volatility Comparison
The current volatility for T. Rowe Price Floating Rate Fund (PRFRX) is 1.53%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that PRFRX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.