RPIFX vs. RPLCX
Compare and contrast key facts about T. Rowe Price Institutional Floating Rate Fund (RPIFX) and T. Rowe Price Institutional Long Duration Credit Fund (RPLCX).
RPIFX is managed by T. Rowe Price. It was launched on Jan 30, 2008. RPLCX is managed by T. Rowe Price. It was launched on Jun 2, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RPIFX or RPLCX.
Performance
RPIFX vs. RPLCX - Performance Comparison
Returns By Period
In the year-to-date period, RPIFX achieves a 7.80% return, which is significantly higher than RPLCX's -0.27% return. Over the past 10 years, RPIFX has outperformed RPLCX with an annualized return of 4.83%, while RPLCX has yielded a comparatively lower 1.77% annualized return.
RPIFX
7.80%
0.89%
4.49%
10.39%
5.66%
4.83%
RPLCX
-0.27%
-1.09%
3.02%
9.56%
-2.59%
1.77%
Key characteristics
| RPIFX | RPLCX | |
|---|---|---|
| Sharpe Ratio | 3.80 | 0.90 |
| Sortino Ratio | 12.68 | 1.34 |
| Omega Ratio | 4.04 | 1.16 |
| Calmar Ratio | 14.07 | 0.32 |
| Martin Ratio | 80.23 | 2.89 |
| Ulcer Index | 0.13% | 3.36% |
| Daily Std Dev | 2.73% | 10.81% |
| Max Drawdown | -22.53% | -36.46% |
| Current Drawdown | 0.00% | -23.00% |
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RPIFX vs. RPLCX - Expense Ratio Comparison
RPIFX has a 0.57% expense ratio, which is higher than RPLCX's 0.45% expense ratio.
Correlation
The correlation between RPIFX and RPLCX is 0.12, 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. RPLCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Institutional Floating Rate Fund (RPIFX) and T. Rowe Price Institutional Long Duration Credit Fund (RPLCX). 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. RPLCX - Dividend Comparison
RPIFX's dividend yield for the trailing twelve months is around 8.66%, more than RPLCX's 5.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPIFX T. Rowe Price Institutional Floating Rate Fund | 8.66% | 8.66% | 5.51% | 3.95% | 4.30% | 5.12% | 5.17% | 4.32% | 4.32% | 4.46% | 4.37% | 4.21% |
RPLCX T. Rowe Price Institutional Long Duration Credit Fund | 5.42% | 4.91% | 4.78% | 3.58% | 10.64% | 4.11% | 4.10% | 3.52% | 3.79% | 4.12% | 3.91% | 1.96% |
Drawdowns
RPIFX vs. RPLCX - Drawdown Comparison
The maximum RPIFX drawdown since its inception was -22.53%, smaller than the maximum RPLCX drawdown of -36.46%. Use the drawdown chart below to compare losses from any high point for RPIFX and RPLCX. For additional features, visit the drawdowns tool.
Volatility
RPIFX vs. RPLCX - Volatility Comparison
The current volatility for T. Rowe Price Institutional Floating Rate Fund (RPIFX) is 0.83%, while T. Rowe Price Institutional Long Duration Credit Fund (RPLCX) has a volatility of 3.08%. This indicates that RPIFX experiences smaller price fluctuations and is considered to be less risky than RPLCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.