RPIFX vs. FLYRX
Compare and contrast key facts about T. Rowe Price Institutional Floating Rate Fund (RPIFX) and Pioneer Floating Rate Fund (FLYRX).
RPIFX is managed by T. Rowe Price. It was launched on Jan 30, 2008. FLYRX is managed by Amundi. It was launched on Feb 13, 2007.
Performance
RPIFX vs. FLYRX - Performance Comparison
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RPIFX vs. FLYRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FLYRX Pioneer Floating Rate Fund | -0.60% | 4.90% | 6.94% | 8.31% | -3.26% | 4.32% | 2.10% | 7.57% | 0.17% | 3.74% |
Returns By Period
In the year-to-date period, RPIFX achieves a -0.94% return, which is significantly lower than FLYRX's -0.60% return. Over the past 10 years, RPIFX has outperformed FLYRX with an annualized return of 4.79%, while FLYRX has yielded a comparatively lower 3.91% annualized return.
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%
FLYRX
- 1D
- 0.00%
- 1M
- 0.17%
- YTD
- -0.60%
- 6M
- 0.51%
- 1Y
- 3.76%
- 3Y*
- 5.58%
- 5Y*
- 3.73%
- 10Y*
- 3.91%
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RPIFX vs. FLYRX - Expense Ratio Comparison
RPIFX has a 0.57% expense ratio, which is lower than FLYRX's 0.75% expense ratio.
Return for Risk
RPIFX vs. FLYRX — Risk / Return Rank
RPIFX
FLYRX
RPIFX vs. FLYRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Institutional Floating Rate Fund (RPIFX) and Pioneer Floating Rate Fund (FLYRX). 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.
| RPIFX | FLYRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.85 | 1.32 | +0.53 |
Sortino ratioReturn per unit of downside risk | 3.28 | 2.24 | +1.04 |
Omega ratioGain probability vs. loss probability | 1.63 | 1.42 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.68 | 2.23 | +0.46 |
Martin ratioReturn relative to average drawdown | 10.39 | 8.21 | +2.17 |
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
| RPIFX | FLYRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 1.32 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.85 | 1.42 | +0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.27 | 1.10 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 1.02 | +0.25 |
Correlation
The correlation between RPIFX and FLYRX is 0.63, 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
RPIFX vs. FLYRX - Dividend Comparison
RPIFX's dividend yield for the trailing twelve months is around 6.63%, less than FLYRX's 6.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FLYRX Pioneer Floating Rate Fund | 6.83% | 7.48% | 5.87% | 6.45% | 5.40% | 3.46% | 3.91% | 5.01% | 4.70% | 4.13% | 3.88% | 3.85% |
Drawdowns
RPIFX vs. FLYRX - Drawdown Comparison
The maximum RPIFX drawdown since its inception was -25.10%, smaller than the maximum FLYRX drawdown of -30.67%. Use the drawdown chart below to compare losses from any high point for RPIFX and FLYRX.
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Drawdown Indicators
| RPIFX | FLYRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.10% | -30.67% | +5.57% |
Max Drawdown (1Y)Largest decline over 1 year | -1.92% | -1.64% | -0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -5.90% | -6.61% | +0.71% |
Max Drawdown (10Y)Largest decline over 10 years | -19.67% | -19.05% | -0.62% |
Current DrawdownCurrent decline from peak | -1.15% | -0.60% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -1.35% | -2.00% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 0.49% | +0.03% |
Volatility
RPIFX vs. FLYRX - Volatility Comparison
T. Rowe Price Institutional Floating Rate Fund (RPIFX) and Pioneer Floating Rate Fund (FLYRX) have volatilities of 0.71% and 0.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RPIFX | FLYRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 0.72% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.76% | 1.82% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.79% | 2.77% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.73% | 2.64% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.79% | 3.57% | +0.22% |