RPIFX vs. DBSCX
RPIFX (T. Rowe Price Institutional Floating Rate Fund) and DBSCX (Doubleline Selective Credit Fund) are both mutual funds - RPIFX is a Bank Loan fund managed by T. Rowe Price, while DBSCX is a Multisector Bonds fund managed by DoubleLine. Over the past 10 years, RPIFX returned 4.83%/yr vs 4.59%/yr for DBSCX. At a 0.09 correlation, their price movements are largely independent. RPIFX charges 0.57%/yr vs 0.05%/yr for DBSCX.
Performance
RPIFX vs. DBSCX - Performance Comparison
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Returns By Period
In the year-to-date period, RPIFX achieves a 1.15% return, which is significantly lower than DBSCX's 1.99% return. Both investments have delivered pretty close results over the past 10 years, with RPIFX having a 4.83% annualized return and DBSCX not far behind at 4.59%.
RPIFX
- 1D
- 0.00%
- 1M
- 0.25%
- YTD
- 1.15%
- 6M
- 1.76%
- 1Y
- 5.61%
- 3Y*
- 7.42%
- 5Y*
- 5.23%
- 10Y*
- 4.83%
DBSCX
- 1D
- 0.13%
- 1M
- 0.66%
- YTD
- 1.99%
- 6M
- 2.07%
- 1Y
- 6.43%
- 3Y*
- 7.71%
- 5Y*
- 3.82%
- 10Y*
- 4.59%
RPIFX vs. DBSCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RPIFX T. Rowe Price Institutional Floating Rate Fund | 1.15% | 6.71% | 8.47% | 10.13% | -1.96% | 4.67% | 2.42% | 8.82% | 0.39% | 3.78% |
DBSCX Doubleline Selective Credit Fund | 1.99% | 8.46% | 7.78% | 8.55% | -8.10% | 4.13% | 1.83% | 5.68% | 3.03% | 8.75% |
Correlation
The correlation between RPIFX and DBSCX is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.09 |
The correlation between RPIFX and DBSCX shifts across timeframes, from -0.00 (1 year) to 0.14 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
RPIFX vs. DBSCX — Risk / Return Rank
RPIFX
DBSCX
RPIFX vs. DBSCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Institutional Floating Rate Fund (RPIFX) and Doubleline Selective Credit Fund (DBSCX). 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.
| RPIFX | DBSCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.90 | 1.75 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 4.89 | -0.98 |
| Martin ratioReturn relative to average drawdown | 14.27 | 19.84 | -5.57 |
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Drawdowns
RPIFX vs. DBSCX - Drawdown Comparison
The maximum RPIFX drawdown since its inception was -25.10%, which is greater than DBSCX's maximum drawdown of -14.12%. Use the drawdown chart below to compare losses from any high point for RPIFX and DBSCX.
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Drawdown Indicators
| RPIFX | DBSCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.10% | -14.12% | -10.98% |
Max Drawdown (1Y)Largest decline over 1 year | -1.44% | -1.32% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -2.28% | -1.91% | -0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -5.90% | -9.52% | +3.62% |
Max Drawdown (10Y)Largest decline over 10 years | -19.67% | -14.12% | -5.55% |
Current DrawdownCurrent decline from peak | -0.32% | -0.13% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -1.33% | -1.24% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 0.32% | +0.07% |
Volatility
RPIFX vs. DBSCX - Volatility Comparison
The current volatility for T. Rowe Price Institutional Floating Rate Fund (RPIFX) is 0.57%, while Doubleline Selective Credit Fund (DBSCX) has a volatility of 0.65%. This indicates that RPIFX experiences smaller price fluctuations and is considered to be less risky than DBSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RPIFX | DBSCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 0.65% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.74% | 1.54% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.38% | 2.01% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.76% | 2.72% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.80% | 2.91% | +0.89% |
RPIFX vs. DBSCX - Expense Ratio Comparison
RPIFX has a 0.57% expense ratio, which is higher than DBSCX's 0.05% expense ratio.
Dividends
RPIFX vs. DBSCX - Dividend Comparison
RPIFX's dividend yield for the trailing twelve months is around 7.02%, more than DBSCX's 6.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBSCX Doubleline Selective Credit Fund | 6.55% | 6.50% | 7.09% | 6.77% | 6.67% | 4.68% | 4.64% | 6.04% | 7.43% | 9.01% | 9.73% | 9.53% |
RPIFX T. Rowe Price Institutional Floating Rate Fund | 7.02% | 7.22% | 7.77% | 6.53% | 4.12% | 3.94% | 4.29% | 5.12% | 5.16% | 4.32% | 4.31% | 4.45% |
Frequently Asked Questions
RPIFX and DBSCX have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBSCX has higher volatility (0.65%) compared to RPIFX (0.57%). In terms of maximum drawdown, RPIFX dropped -25.10% vs DBSCX's -14.12%.
DBSCX currently has the higher Sharpe Ratio (3.21 vs 2.38), 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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