RFRAX vs. RPIFX
Compare and contrast key facts about Columbia Floating Rate Fund (RFRAX) and T. Rowe Price Institutional Floating Rate Fund (RPIFX).
RFRAX is managed by Columbia. It was launched on Feb 15, 2006. RPIFX is managed by T. Rowe Price. It was launched on Jan 30, 2008.
Performance
RFRAX vs. RPIFX - Performance Comparison
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RFRAX vs. RPIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RFRAX Columbia Floating Rate Fund | -0.98% | 5.83% | 6.55% | 11.01% | -2.90% | 4.53% | 1.03% | 7.60% | 0.08% | 3.82% |
RPIFX T. Rowe Price Institutional Floating Rate Fund | -0.94% | 6.71% | 8.47% | 10.13% | -1.96% | 4.67% | 2.42% | 8.82% | 0.39% | 3.78% |
Returns By Period
The year-to-date returns for both investments are quite close, with RFRAX having a -0.98% return and RPIFX slightly higher at -0.94%. Over the past 10 years, RFRAX has underperformed RPIFX with an annualized return of 4.36%, while RPIFX has yielded a comparatively higher 4.79% annualized return.
RFRAX
- 1D
- 0.15%
- 1M
- 0.43%
- YTD
- -0.98%
- 6M
- 0.16%
- 1Y
- 4.56%
- 3Y*
- 6.54%
- 5Y*
- 4.34%
- 10Y*
- 4.36%
RPIFX
- 1D
- 0.00%
- 1M
- 0.11%
- YTD
- -0.94%
- 6M
- 0.72%
- 1Y
- 5.15%
- 3Y*
- 6.99%
- 5Y*
- 5.01%
- 10Y*
- 4.79%
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RFRAX vs. RPIFX - Expense Ratio Comparison
RFRAX has a 1.02% expense ratio, which is higher than RPIFX's 0.57% expense ratio.
Return for Risk
RFRAX vs. RPIFX — Risk / Return Rank
RFRAX
RPIFX
RFRAX vs. RPIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Floating Rate Fund (RFRAX) and T. Rowe Price Institutional Floating Rate Fund (RPIFX). 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.
| RFRAX | RPIFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 1.85 | -0.13 |
Sortino ratioReturn per unit of downside risk | 2.85 | 3.28 | -0.43 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.63 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.29 | 2.68 | -0.39 |
Martin ratioReturn relative to average drawdown | 8.37 | 10.39 | -2.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RFRAX | RPIFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 1.85 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.67 | 1.85 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.15 | 1.27 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 1.27 | -0.20 |
Correlation
The correlation between RFRAX and RPIFX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
RFRAX vs. RPIFX - Dividend Comparison
RFRAX's dividend yield for the trailing twelve months is around 6.18%, less than RPIFX's 6.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RFRAX Columbia Floating Rate Fund | 6.18% | 6.81% | 6.62% | 7.60% | 4.44% | 3.08% | 3.44% | 4.82% | 4.41% | 3.52% | 3.85% | 4.10% |
RPIFX T. Rowe Price Institutional Floating Rate Fund | 6.63% | 7.22% | 7.77% | 6.53% | 4.12% | 3.94% | 4.29% | 5.12% | 5.16% | 4.32% | 4.31% | 4.45% |
Drawdowns
RFRAX vs. RPIFX - Drawdown Comparison
The maximum RFRAX drawdown since its inception was -33.04%, which is greater than RPIFX's maximum drawdown of -25.10%. Use the drawdown chart below to compare losses from any high point for RFRAX and RPIFX.
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Drawdown Indicators
| RFRAX | RPIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.04% | -25.10% | -7.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.00% | -1.92% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -6.90% | -5.90% | -1.00% |
Max Drawdown (10Y)Largest decline over 10 years | -21.74% | -19.67% | -2.07% |
Current DrawdownCurrent decline from peak | -1.09% | -1.15% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -1.35% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 0.52% | +0.07% |
Volatility
RFRAX vs. RPIFX - Volatility Comparison
Columbia Floating Rate Fund (RFRAX) has a higher volatility of 0.75% compared to T. Rowe Price Institutional Floating Rate Fund (RPIFX) at 0.71%. This indicates that RFRAX's price experiences larger fluctuations and is considered to be riskier than RPIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RFRAX | RPIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 0.71% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.74% | 1.76% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.68% | 2.79% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.61% | 2.73% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.81% | 3.79% | +0.02% |