RPIFX vs. AVUV
Compare and contrast key facts about T. Rowe Price Institutional Floating Rate Fund (RPIFX) and Avantis U.S. Small Cap Value ETF (AVUV).
RPIFX is managed by T. Rowe Price. It was launched on Jan 30, 2008. AVUV is an actively managed fund by American Century Investments. It was launched on Sep 24, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RPIFX or AVUV.
Key characteristics
| RPIFX | AVUV | |
|---|---|---|
| YTD Return | 7.69% | 16.65% |
| 1Y Return | 10.51% | 38.69% |
| 3Y Return (Ann) | 6.56% | 9.37% |
| 5Y Return (Ann) | 5.63% | 16.44% |
| Sharpe Ratio | 3.84 | 1.78 |
| Sortino Ratio | 12.82 | 2.62 |
| Omega Ratio | 4.07 | 1.32 |
| Calmar Ratio | 14.23 | 3.52 |
| Martin Ratio | 81.15 | 9.29 |
| Ulcer Index | 0.13% | 4.16% |
| Daily Std Dev | 2.74% | 21.75% |
| Max Drawdown | -22.53% | -49.42% |
| Current Drawdown | 0.00% | -1.32% |
Correlation
The correlation between RPIFX and AVUV is 0.25, 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
RPIFX vs. AVUV - Performance Comparison
In the year-to-date period, RPIFX achieves a 7.69% return, which is significantly lower than AVUV's 16.65% 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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RPIFX vs. AVUV - Expense Ratio Comparison
RPIFX has a 0.57% expense ratio, which is higher than AVUV's 0.25% expense ratio.
Risk-Adjusted Performance
RPIFX vs. AVUV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Institutional Floating Rate Fund (RPIFX) and Avantis U.S. Small Cap Value ETF (AVUV). 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
RPIFX vs. AVUV - Dividend Comparison
RPIFX's dividend yield for the trailing twelve months is around 8.67%, more than AVUV's 1.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPIFX T. Rowe Price Institutional Floating Rate Fund | 8.67% | 8.66% | 5.51% | 3.95% | 4.30% | 5.12% | 5.17% | 4.32% | 4.32% | 4.46% | 4.37% | 4.21% |
AVUV Avantis U.S. Small Cap Value ETF | 1.51% | 1.65% | 1.74% | 1.28% | 1.21% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RPIFX vs. AVUV - Drawdown Comparison
The maximum RPIFX drawdown since its inception was -22.53%, smaller than the maximum AVUV drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for RPIFX and AVUV. For additional features, visit the drawdowns tool.
Volatility
RPIFX vs. AVUV - Volatility Comparison
The current volatility for T. Rowe Price Institutional Floating Rate Fund (RPIFX) is 0.83%, while Avantis U.S. Small Cap Value ETF (AVUV) has a volatility of 8.72%. This indicates that RPIFX experiences smaller price fluctuations and is considered to be less risky than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.