PSRIX vs. BFRAX
PSRIX (PIMCO Low Duration Credit Fund) and BFRAX (BlackRock Floating Rate Income Fund) are both Bank Loan funds. Over the past 10 years, PSRIX returned 4.10%/yr vs 4.23%/yr for BFRAX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. PSRIX charges 0.70%/yr vs 0.90%/yr for BFRAX.
Performance
PSRIX vs. BFRAX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with PSRIX having a 0.93% return and BFRAX slightly lower at 0.92%. Both investments have delivered pretty close results over the past 10 years, with PSRIX having a 4.10% annualized return and BFRAX not far ahead at 4.23%.
PSRIX
- 1D
- 0.11%
- 1M
- -0.34%
- 6M
- 0.93%
- YTD
- 0.93%
- 1Y
- 4.19%
- 3Y*
- 7.41%
- 5Y*
- 5.08%
- 10Y*
- 4.10%
- ALL TIME*
- 3.88%
BFRAX
- 1D
- 0.00%
- 1M
- 0.11%
- 6M
- 1.15%
- YTD
- 0.92%
- 1Y
- 3.05%
- 3Y*
- 6.07%
- 5Y*
- 4.75%
- 10Y*
- 4.23%
- ALL TIME*
- 1.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PSRIX vs. BFRAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSRIX PIMCO Low Duration Credit Fund | 0.93% | 7.25% | 9.40% | 10.22% | -3.22% | 3.39% | -1.37% | 9.42% | -0.60% | 3.82% |
BFRAX BlackRock Floating Rate Income Fund | 0.92% | 5.35% | 8.12% | 9.94% | -1.43% | 3.59% | 2.39% | 8.60% | -0.74% | 3.10% |
Correlation
The correlation between PSRIX and BFRAX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since May 2, 2011 | 0.67 |
The correlation between PSRIX and BFRAX has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.
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Return for Risk
PSRIX vs. BFRAX — Risk / Return Rank
PSRIX
BFRAX
PSRIX vs. BFRAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Low Duration Credit Fund (PSRIX) and BlackRock Floating Rate Income Fund (BFRAX). 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.
| PSRIX | BFRAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.38 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 1.74 | +1.05 |
| Martin ratioReturn relative to average drawdown | 11.03 | 5.33 | +5.71 |
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Drawdowns
PSRIX vs. BFRAX - Drawdown Comparison
The maximum PSRIX drawdown since its inception was -19.26%, smaller than the maximum BFRAX drawdown of -44.69%. Use the drawdown chart below to compare losses from any high point for PSRIX and BFRAX.
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Drawdown Indicators
| PSRIX | BFRAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.26% | -44.69% | +25.43% |
Max Drawdown (1Y)Largest decline over 1 year | -1.70% | -1.70% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -3.06% | -2.81% | -0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -7.10% | -6.43% | -0.67% |
Max Drawdown (10Y)Largest decline over 10 years | -19.26% | -20.61% | +1.35% |
Current DrawdownCurrent decline from peak | -0.45% | -0.11% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -0.92% | -6.76% | +5.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 0.56% | -0.13% |
Volatility
PSRIX vs. BFRAX - Volatility Comparison
PIMCO Low Duration Credit Fund (PSRIX) has a higher volatility of 0.39% compared to BlackRock Floating Rate Income Fund (BFRAX) at 0.26%. This indicates that PSRIX's price experiences larger fluctuations and is considered to be riskier than BFRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSRIX | BFRAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.39% | 0.26% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 1.59% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.68% | 2.19% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.17% | 2.80% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.92% | 3.94% | -0.02% |
PSRIX vs. BFRAX - Expense Ratio Comparison
PSRIX has a 0.70% expense ratio, which is lower than BFRAX's 0.90% expense ratio.
Dividends
PSRIX vs. BFRAX - Dividend Comparison
PSRIX's dividend yield for the trailing twelve months is around 6.29%, more than BFRAX's 5.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFRAX BlackRock Floating Rate Income Fund | 5.80% | 6.68% | 8.00% | 6.24% | 4.09% | 2.91% | 3.81% | 4.65% | 4.58% | 3.45% | 3.90% | 4.02% |
PSRIX PIMCO Low Duration Credit Fund | 6.29% | 7.18% | 7.13% | 5.82% | 3.49% | 4.32% | 3.67% | 4.92% | 4.53% | 3.95% | 3.71% | 4.01% |
Frequently Asked Questions
PSRIX and BFRAX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSRIX has higher volatility (0.39%) compared to BFRAX (0.26%). In terms of maximum drawdown, PSRIX dropped -19.26% vs BFRAX's -44.69%.
PSRIX currently has the higher Sharpe Ratio (1.77 vs 1.37), 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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