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PRGSX vs. TFLR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PRGSX vs. TFLR

Last updated Jun 13, 2026

PRGSX (T. Rowe Price Global Stock Fund) and TFLR (T. Rowe Price Floating Rate ETF) are both funds - PRGSX is a Global Equities fund managed by T. Rowe Price, while TFLR is a Bank Loan fund actively managed by T. Rowe Price. Over the past 3 years, PRGSX returned 22.39%/yr vs 7.84%/yr for TFLR. At a 0.49 correlation, their price movements are largely independent. PRGSX charges 0.82%/yr vs 0.60%/yr for TFLR.

Performance

PRGSX vs. TFLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Global Stock Fund (PRGSX) and T. Rowe Price Floating Rate ETF (TFLR). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PRGSX achieves a 19.13% return, which is significantly higher than TFLR's 1.17% return.

PRGSX

1D
3.77%
1M
1.51%
YTD
19.13%
6M
20.89%
1Y
36.75%
3Y*
22.39%
5Y*
9.00%
10Y*
16.85%

TFLR

1D
0.00%
1M
-0.07%
YTD
1.17%
6M
1.49%
1Y
5.24%
3Y*
7.84%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PRGSX vs. TFLR - Yearly Performance Comparison

2026 (YTD)2025202420232022
PRGSX
T. Rowe Price Global Stock Fund		19.13%21.42%16.80%25.70%-1.97%
TFLR
T. Rowe Price Floating Rate ETF		1.17%6.57%8.77%12.05%-0.44%

Correlation

The correlation between PRGSX and TFLR is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.45

Correlation (3Y)
Calculated over the trailing 3-year period

0.44

Correlation (All Time)
Calculated using the full available price history since Nov 17, 2022

0.49

Compare stocks, funds, or ETFs

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T. Rowe Price Global Stock Fund

T. Rowe Price Floating Rate ETF

Often compared with PRGSX:
PRGSX vs. VTSAXPRGSX vs. VTWAXPRGSX vs. FBGRXPRGSX vs. RPICXPRGSX vs. QQQPRGSX vs. FSPSXPRGSX vs. FTRNX
Often compared with TFLR:
TFLR vs. CLOZTFLR vs. JAAATFLR vs. FIQSXTFLR vs. JPLDTFLR vs. BBBIXTFLR vs. JBBBTFLR vs. ICLO

Return for Risk

PRGSX vs. TFLR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PRGSX
PRGSX Risk / Return Rank: 7070
Overall Rank
PRGSX Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
PRGSX Sortino Ratio Rank: 6060
Sortino Ratio Rank
PRGSX Omega Ratio Rank: 6565
Omega Ratio Rank
PRGSX Calmar Ratio Rank: 7777
Calmar Ratio Rank
PRGSX Martin Ratio Rank: 7878
Martin Ratio Rank
TFLR
TFLR Risk / Return Rank: 8080
Overall Rank
TFLR Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
TFLR Sortino Ratio Rank: 9292
Sortino Ratio Rank
TFLR Omega Ratio Rank: 9494
Omega Ratio Rank
TFLR Calmar Ratio Rank: 5555
Calmar Ratio Rank
TFLR Martin Ratio Rank: 6969
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRGSX vs. TFLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Global Stock Fund (PRGSX) and T. Rowe Price Floating Rate ETF (TFLR). 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.

PRGSXTFLRDifference
Sharpe ratioReturn per unit of total volatility
1.93
2.65

-0.73

Sortino ratioReturn per unit of downside risk
2.53
3.92

-1.39

Omega ratioGain probability vs. loss probability

1.35

1.61

-0.26

Calmar ratioReturn relative to maximum drawdown

2.91

2.42

+0.50

Martin ratioReturn relative to average drawdown

11.56

11.04

+0.52

PRGSX vs. TFLR - Sharpe Ratio Comparison

The current PRGSX Sharpe Ratio is 1.93, which is comparable to the TFLR Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of PRGSX and TFLR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PRGSX vs. TFLR - Drawdown Comparison

The maximum PRGSX drawdown since its inception was -64.06%, which is greater than TFLR's maximum drawdown of -4.01%. Use the drawdown chart below to compare losses from any high point for PRGSX and TFLR.

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Drawdown Indicators

PRGSXTFLRDifference

Max Drawdown

Largest peak-to-trough decline

-64.06%

-4.01%

-60.05%

Max Drawdown (1Y)

Largest decline over 1 year

-12.77%

-2.18%

-10.59%

Max Drawdown (3Y)

Largest decline over 3 years

-21.13%

-4.01%

-17.12%

Max Drawdown (5Y)

Largest decline over 5 years

-38.11%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-38.11%

—

—

Current Drawdown

Current decline from peak

-3.75%

-0.30%

-3.45%

Average Drawdown

Average peak-to-trough decline

-13.47%

-0.22%

-13.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.21%

0.48%

+2.73%

Volatility

PRGSX vs. TFLR - Volatility Comparison

T. Rowe Price Global Stock Fund (PRGSX) has a higher volatility of 8.81% compared to T. Rowe Price Floating Rate ETF (TFLR) at 0.43%. This indicates that PRGSX's price experiences larger fluctuations and is considered to be riskier than TFLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PRGSXTFLRDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.81%

0.43%

+8.38%

Volatility (6M)

Calculated over the trailing 6-month period

16.52%

1.73%

+14.79%

Volatility (1Y)

Calculated over the trailing 1-year period

19.31%

1.98%

+17.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.91%

3.66%

+16.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.88%

3.66%

+16.22%

PRGSX vs. TFLR - Expense Ratio Comparison

PRGSX has a 0.82% expense ratio, which is higher than TFLR's 0.60% expense ratio.

Dividends

PRGSX vs. TFLR - Dividend Comparison

PRGSX's dividend yield for the trailing twelve months is around 8.06%, more than TFLR's 6.78% yield.

PositionTTM20252024202320222021202020192018201720162015
PRGSX
T. Rowe Price Global Stock Fund		8.06%9.60%6.73%0.27%0.00%13.67%5.67%2.21%5.81%0.03%0.63%0.33%
TFLR
T. Rowe Price Floating Rate ETF		6.78%6.93%8.18%7.76%0.58%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

PRGSX and TFLR have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PRGSX has higher volatility (8.81%) compared to TFLR (0.43%). In terms of maximum drawdown, PRGSX dropped -64.06% vs TFLR's -4.01%.

TFLR currently has the higher Sharpe Ratio (2.65 vs 1.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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