PRFRX vs. SPYD
Compare and contrast key facts about T. Rowe Price Floating Rate Fund (PRFRX) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
PRFRX is managed by T. Rowe Price. It was launched on Jul 29, 2011. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRFRX or SPYD.
Correlation
The correlation between PRFRX and SPYD is 0.25, 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. SPYD - Performance Comparison
Key characteristics
PRFRX:
2.34
SPYD:
0.84
PRFRX:
5.40
SPYD:
1.17
PRFRX:
2.19
SPYD:
1.15
PRFRX:
3.83
SPYD:
1.12
PRFRX:
23.72
SPYD:
2.93
PRFRX:
0.24%
SPYD:
3.71%
PRFRX:
2.47%
SPYD:
12.94%
PRFRX:
-20.05%
SPYD:
-46.42%
PRFRX:
-1.51%
SPYD:
-8.07%
Returns By Period
The year-to-date returns for both investments are quite close, with PRFRX having a -0.69% return and SPYD slightly higher at -0.67%.
PRFRX
-0.69%
-1.30%
1.55%
5.78%
7.73%
4.37%
SPYD
-0.67%
-2.52%
-3.29%
11.08%
18.49%
N/A
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PRFRX vs. SPYD - Expense Ratio Comparison
PRFRX has a 0.75% expense ratio, which is higher than SPYD's 0.07% expense ratio.
Risk-Adjusted Performance
PRFRX vs. SPYD — Risk-Adjusted Performance Rank
PRFRX
SPYD
PRFRX vs. SPYD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Floating Rate Fund (PRFRX) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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. SPYD - Dividend Comparison
PRFRX's dividend yield for the trailing twelve months is around 7.35%, more than SPYD's 4.49% 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% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.49% | 4.31% | 4.66% | 5.01% | 3.69% | 4.96% | 4.42% | 4.75% | 4.64% | 4.34% | 1.13% | 0.00% |
Drawdowns
PRFRX vs. SPYD - Drawdown Comparison
The maximum PRFRX drawdown since its inception was -20.05%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for PRFRX and SPYD. For additional features, visit the drawdowns tool.
Volatility
PRFRX vs. SPYD - Volatility Comparison
The current volatility for T. Rowe Price Floating Rate Fund (PRFRX) is 0.62%, while SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has a volatility of 5.69%. This indicates that PRFRX experiences smaller price fluctuations and is considered to be less risky than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.