RPIFX vs. OCSL
Compare and contrast key facts about T. Rowe Price Institutional Floating Rate Fund (RPIFX) and Oaktree Specialty Lending Corporation (OCSL).
RPIFX is managed by T. Rowe Price. It was launched on Jan 30, 2008.
Performance
RPIFX vs. OCSL - Performance Comparison
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RPIFX vs. OCSL - 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% |
OCSL Oaktree Specialty Lending Corporation | -8.88% | -6.06% | -15.15% | 11.25% | 3.74% | 44.99% | 11.00% | 38.74% | -6.31% | -1.09% |
Returns By Period
In the year-to-date period, RPIFX achieves a -0.94% return, which is significantly higher than OCSL's -8.88% return. Over the past 10 years, RPIFX has underperformed OCSL with an annualized return of 4.79%, while OCSL has yielded a comparatively higher 7.18% 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%
OCSL
- 1D
- -0.97%
- 1M
- 1.29%
- YTD
- -8.88%
- 6M
- -7.78%
- 1Y
- -17.71%
- 3Y*
- -4.88%
- 5Y*
- 1.22%
- 10Y*
- 7.18%
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Return for Risk
RPIFX vs. OCSL — Risk / Return Rank
RPIFX
OCSL
RPIFX vs. OCSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Institutional Floating Rate Fund (RPIFX) and Oaktree Specialty Lending Corporation (OCSL). 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 | OCSL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.85 | -0.72 | +2.56 |
Sortino ratioReturn per unit of downside risk | 3.28 | -0.89 | +4.16 |
Omega ratioGain probability vs. loss probability | 1.63 | 0.89 | +0.74 |
Calmar ratioReturn relative to maximum drawdown | 2.68 | -0.82 | +3.50 |
Martin ratioReturn relative to average drawdown | 10.39 | -1.68 | +12.06 |
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 | OCSL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | -0.72 | +2.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.85 | 0.06 | +1.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.27 | 0.27 | +1.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 0.13 | +1.14 |
Correlation
The correlation between RPIFX and OCSL is 0.18, 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.
Dividends
RPIFX vs. OCSL - Dividend Comparison
RPIFX's dividend yield for the trailing twelve months is around 6.63%, less than OCSL's 14.48% 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% |
OCSL Oaktree Specialty Lending Corporation | 14.48% | 13.27% | 14.40% | 11.12% | 11.86% | 7.37% | 7.27% | 6.96% | 8.75% | 8.38% | 13.41% | 10.84% |
Drawdowns
RPIFX vs. OCSL - Drawdown Comparison
The maximum RPIFX drawdown since its inception was -25.10%, smaller than the maximum OCSL drawdown of -59.52%. Use the drawdown chart below to compare losses from any high point for RPIFX and OCSL.
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Drawdown Indicators
| RPIFX | OCSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.10% | -59.52% | +34.42% |
Max Drawdown (1Y)Largest decline over 1 year | -1.92% | -20.80% | +18.88% |
Max Drawdown (5Y)Largest decline over 5 years | -5.90% | -34.16% | +28.26% |
Max Drawdown (10Y)Largest decline over 10 years | -19.67% | -57.32% | +37.65% |
Current DrawdownCurrent decline from peak | -1.15% | -31.15% | +30.00% |
Average DrawdownAverage peak-to-trough decline | -1.35% | -16.34% | +14.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 10.36% | -9.84% |
Volatility
RPIFX vs. OCSL - Volatility Comparison
The current volatility for T. Rowe Price Institutional Floating Rate Fund (RPIFX) is 0.71%, while Oaktree Specialty Lending Corporation (OCSL) has a volatility of 7.05%. This indicates that RPIFX experiences smaller price fluctuations and is considered to be less risky than OCSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RPIFX | OCSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 7.05% | -6.34% |
Volatility (6M)Calculated over the trailing 6-month period | 1.76% | 15.65% | -13.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.79% | 24.77% | -21.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.73% | 19.48% | -16.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.79% | 26.68% | -22.89% |