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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RPIFX or OCSL.
Key characteristics
| RPIFX | OCSL | |
|---|---|---|
| YTD Return | 7.69% | -14.36% |
| 1Y Return | 10.51% | -9.12% |
| 3Y Return (Ann) | 6.56% | 0.43% |
| 5Y Return (Ann) | 5.63% | 10.74% |
| 10Y Return (Ann) | 4.82% | 4.70% |
| Sharpe Ratio | 3.84 | -0.51 |
| Sortino Ratio | 12.82 | -0.53 |
| Omega Ratio | 4.07 | 0.92 |
| Calmar Ratio | 14.23 | -0.38 |
| Martin Ratio | 81.15 | -0.77 |
| Ulcer Index | 0.13% | 11.21% |
| Daily Std Dev | 2.74% | 16.96% |
| Max Drawdown | -22.53% | -60.04% |
| Current Drawdown | 0.00% | -18.81% |
Correlation
The correlation between RPIFX and OCSL is 0.20, 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. OCSL - Performance Comparison
In the year-to-date period, RPIFX achieves a 7.69% return, which is significantly higher than OCSL's -14.36% return. Both investments have delivered pretty close results over the past 10 years, with RPIFX having a 4.82% annualized return and OCSL not far behind at 4.70%. 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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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.
Dividends
RPIFX vs. OCSL - Dividend Comparison
RPIFX's dividend yield for the trailing twelve months is around 8.67%, less than OCSL's 14.21% 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% |
OCSL Oaktree Specialty Lending Corporation | 14.21% | 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.
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 5.30%. 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.