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.
Key characteristics
| PRFRX | SPYD | |
|---|---|---|
| YTD Return | 7.44% | 20.38% |
| 1Y Return | 10.23% | 40.23% |
| 3Y Return (Ann) | 6.38% | 7.95% |
| 5Y Return (Ann) | 5.32% | 8.31% |
| Sharpe Ratio | 3.89 | 2.87 |
| Sortino Ratio | 12.60 | 4.08 |
| Omega Ratio | 4.25 | 1.52 |
| Calmar Ratio | 13.59 | 2.00 |
| Martin Ratio | 72.03 | 20.04 |
| Ulcer Index | 0.14% | 1.96% |
| Daily Std Dev | 2.63% | 13.67% |
| Max Drawdown | -20.05% | -46.42% |
| Current Drawdown | 0.00% | -1.12% |
Correlation
The correlation between PRFRX and SPYD 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. SPYD - Performance Comparison
In the year-to-date period, PRFRX achieves a 7.44% return, which is significantly lower than SPYD's 20.38% 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. 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 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 8.39%, more than SPYD's 4.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRFRX T. Rowe Price Floating Rate Fund | 8.39% | 8.33% | 5.20% | 3.87% | 4.00% | 4.84% | 4.86% | 4.04% | 4.08% | 4.08% | 3.85% | 3.53% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.05% | 4.66% | 5.01% | 3.69% | 4.96% | 4.42% | 4.75% | 4.64% | 4.34% | 1.13% | 0.00% | 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 0.70%, while SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has a volatility of 3.63%. 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.