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RPIFX vs. OCSL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

RPIFX vs. OCSL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Institutional Floating Rate Fund (RPIFX) and Oaktree Specialty Lending Corporation (OCSL). The values are adjusted to include any dividend payments, if applicable.

-15.00%-10.00%-5.00%0.00%5.00%JuneJulyAugustSeptemberOctoberNovember
4.60%
-12.59%
RPIFX
OCSL

Returns By Period

In the year-to-date period, RPIFX achieves a 7.91% return, which is significantly higher than OCSL's -16.56% return. Over the past 10 years, RPIFX has outperformed OCSL with an annualized return of 4.84%, while OCSL has yielded a comparatively lower 4.38% annualized return.


RPIFX

YTD

7.91%

1M

1.00%

6M

4.60%

1Y

10.63%

5Y (annualized)

5.67%

10Y (annualized)

4.84%

OCSL

YTD

-16.56%

1M

-4.19%

6M

-12.59%

1Y

-11.90%

5Y (annualized)

10.37%

10Y (annualized)

4.38%

Key characteristics


RPIFXOCSL
Sharpe Ratio3.84-0.65
Sortino Ratio12.81-0.71
Omega Ratio4.070.89
Calmar Ratio14.23-0.49
Martin Ratio81.34-0.96
Ulcer Index0.13%11.66%
Daily Std Dev2.73%17.29%
Max Drawdown-22.53%-60.04%
Current Drawdown0.00%-20.89%

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Correlation

-0.50.00.51.00.2

The correlation between RPIFX and OCSL is 0.19, 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.

Risk-Adjusted Performance

RPIFX vs. OCSL - Risk-Adjusted Performance 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.


Sharpe ratio
The chart of Sharpe ratio for RPIFX, currently valued at 3.84, compared to the broader market-1.000.001.002.003.004.005.003.84-0.65
The chart of Sortino ratio for RPIFX, currently valued at 12.81, compared to the broader market0.005.0010.0012.81-0.71
The chart of Omega ratio for RPIFX, currently valued at 4.07, compared to the broader market1.002.003.004.004.070.89
The chart of Calmar ratio for RPIFX, currently valued at 14.23, compared to the broader market0.005.0010.0015.0020.0014.23-0.49
The chart of Martin ratio for RPIFX, currently valued at 81.34, compared to the broader market0.0020.0040.0060.0080.00100.0081.34-0.96
RPIFX
OCSL

The current RPIFX Sharpe Ratio is 3.84, which is higher than the OCSL Sharpe Ratio of -0.65. The chart below compares the historical Sharpe Ratios of RPIFX and OCSL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.005.00JuneJulyAugustSeptemberOctoberNovember
3.84
-0.65
RPIFX
OCSL

Dividends

RPIFX vs. OCSL - Dividend Comparison

RPIFX's dividend yield for the trailing twelve months is around 8.65%, less than OCSL's 14.59% yield.


TTM20232022202120202019201820172016201520142013
RPIFX
T. Rowe Price Institutional Floating Rate Fund
8.65%8.66%5.51%3.95%4.30%5.12%5.17%4.32%4.32%4.46%4.37%4.21%
OCSL
Oaktree Specialty Lending Corporation
14.59%11.12%11.86%7.37%7.27%6.96%8.75%8.38%13.41%10.85%12.88%11.96%

Drawdowns

RPIFX vs. OCSL - Drawdown Comparison

The maximum RPIFX drawdown since its inception was -22.53%, smaller than the maximum OCSL drawdown of -60.04%. Use the drawdown chart below to compare losses from any high point for RPIFX and OCSL. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-20.89%
RPIFX
OCSL

Volatility

RPIFX vs. OCSL - Volatility Comparison

The current volatility for T. Rowe Price Institutional Floating Rate Fund (RPIFX) is 0.83%, while Oaktree Specialty Lending Corporation (OCSL) has a volatility of 5.83%. 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.


0.00%2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
0.83%
5.83%
RPIFX
OCSL