PRFRX vs. USD=X
PRFRX (T. Rowe Price Floating Rate Fund) is High Yield Bonds fund managed by T. Rowe Price, while USD=X (USD Cash) is a currency. Over the past 10 years, PRFRX returned 5.46%/yr vs 0.00%/yr for USD=X.
Performance
PRFRX vs. USD=X - Performance Comparison
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Returns By Period
PRFRX
- 1D
- -0.11%
- 1M
- -0.21%
- YTD
- 0.83%
- 6M
- 2.01%
- 1Y
- 7.68%
- 3Y*
- 9.76%
- 5Y*
- 6.95%
- 10Y*
- 5.46%
USD=X
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.00%
- 3Y*
- 0.00%
- 5Y*
- 0.00%
- 10Y*
- 0.00%
PRFRX vs. USD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRFRX T. Rowe Price Floating Rate Fund | 0.83% | 9.82% | 11.04% | 13.78% | -1.95% | 4.60% | 1.75% | 8.46% | -0.08% | 3.48% |
USD=X USD Cash | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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Return for Risk
PRFRX vs. USD=X — Risk / Return Rank
PRFRX
USD=X
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PRFRX vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Floating Rate Fund (PRFRX) and USD Cash (USD=X). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PRFRX | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 2.14 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.15 | — | — |
| Martin ratioReturn relative to average drawdown | 19.34 | — | — |
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Drawdowns
PRFRX vs. USD=X - Drawdown Comparison
The maximum PRFRX drawdown since its inception was -20.05%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for PRFRX and USD=X.
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Drawdown Indicators
| PRFRX | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.05% | 0.00% | -20.05% |
Max Drawdown (1Y)Largest decline over 1 year | -1.50% | 0.00% | -1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -2.35% | 0.00% | -2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -5.94% | 0.00% | -5.94% |
Max Drawdown (10Y)Largest decline over 10 years | -20.05% | 0.00% | -20.05% |
Current DrawdownCurrent decline from peak | -0.55% | 0.00% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -0.69% | 0.00% | -0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.00% | +0.40% |
Volatility
PRFRX vs. USD=X - Volatility Comparison
T. Rowe Price Floating Rate Fund (PRFRX) has a higher volatility of 0.64% compared to USD Cash (USD=X) at 0.00%. This indicates that PRFRX's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRFRX | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 0.00% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 1.86% | 0.00% | +1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.65% | 0.00% | +2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.91% | 0.00% | +2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.92% | 0.00% | +3.92% |
Frequently Asked Questions
PRFRX has higher volatility (0.64%) compared to USD=X (0.00%). In terms of maximum drawdown, PRFRX dropped -20.05% vs USD=X's 0.00%.
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