RPIFX vs. TFLIX
RPIFX (T. Rowe Price Institutional Floating Rate Fund) and TFLIX (Transamerica Floating Rate Fund) are both Bank Loan funds. Over the past 10 years, RPIFX returned 4.66%/yr vs 3.92%/yr for TFLIX. Their 0.59 correlation means they have sometimes moved together and sometimes differently. RPIFX charges 0.57%/yr vs 0.80%/yr for TFLIX.
Performance
RPIFX vs. TFLIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RPIFX achieves a 0.83% return, which is significantly lower than TFLIX's 1.77% return. Over the past 10 years, RPIFX has outperformed TFLIX with an annualized return of 4.66%, while TFLIX has yielded a comparatively lower 3.92% annualized return.
RPIFX
- 1D
- 0.00%
- 1M
- -0.11%
- 6M
- 0.78%
- YTD
- 0.83%
- 1Y
- 3.67%
- 3Y*
- 6.47%
- 5Y*
- 5.11%
- 10Y*
- 4.66%
- ALL TIME*
- 4.64%
TFLIX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.67%
- YTD
- 1.77%
- 1Y
- 3.53%
- 3Y*
- 5.93%
- 5Y*
- 4.34%
- 10Y*
- 3.92%
- ALL TIME*
- 3.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RPIFX vs. TFLIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RPIFX T. Rowe Price Institutional Floating Rate Fund | 0.83% | 6.71% | 8.47% | 10.13% | -1.96% | 4.67% | 2.42% | 8.82% | 0.39% | 3.78% |
TFLIX Transamerica Floating Rate Fund | 1.77% | 5.34% | 8.07% | 8.15% | -2.55% | 3.88% | 1.18% | 7.09% | 0.30% | 3.72% |
Correlation
The correlation between RPIFX and TFLIX is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.59 |
The correlation between RPIFX and TFLIX shifts across timeframes, from 0.40 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RPIFX vs. TFLIX — Risk / Return Rank
RPIFX
TFLIX
RPIFX vs. TFLIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Institutional Floating Rate Fund (RPIFX) and Transamerica Floating Rate Fund (TFLIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RPIFX | TFLIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.48 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 3.69 | -1.21 |
| Martin ratioReturn relative to average drawdown | 8.13 | 10.84 | -2.71 |
Loading charts...
Drawdowns
RPIFX vs. TFLIX - Drawdown Comparison
The maximum RPIFX drawdown since its inception was -25.10%, which is greater than TFLIX's maximum drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for RPIFX and TFLIX.
Loading charts...
Drawdown Indicators
| RPIFX | TFLIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.10% | -17.79% | -7.31% |
Max Drawdown (1Y)Largest decline over 1 year | -1.44% | -0.93% | -0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -2.28% | -2.57% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -5.90% | -6.26% | +0.36% |
Max Drawdown (10Y)Largest decline over 10 years | -19.67% | -17.79% | -1.88% |
Current DrawdownCurrent decline from peak | -0.39% | -0.12% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -1.33% | -0.79% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 0.32% | +0.12% |
Volatility
RPIFX vs. TFLIX - Volatility Comparison
T. Rowe Price Institutional Floating Rate Fund (RPIFX) has a higher volatility of 0.31% compared to Transamerica Floating Rate Fund (TFLIX) at 0.26%. This indicates that RPIFX's price experiences larger fluctuations and is considered to be riskier than TFLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RPIFX | TFLIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.31% | 0.26% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.69% | 1.71% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.25% | 2.46% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.76% | 2.71% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.79% | 3.33% | +0.46% |
RPIFX vs. TFLIX - Expense Ratio Comparison
RPIFX has a 0.57% expense ratio, which is lower than TFLIX's 0.80% expense ratio.
Dividends
RPIFX vs. TFLIX - Dividend Comparison
RPIFX's dividend yield for the trailing twelve months is around 5.80%, less than TFLIX's 6.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPIFX T. Rowe Price Institutional Floating Rate Fund | 5.80% | 7.22% | 7.77% | 6.53% | 4.12% | 3.94% | 4.29% | 5.12% | 5.16% | 4.32% | 4.31% | 4.45% |
TFLIX Transamerica Floating Rate Fund | 6.84% | 7.86% | 7.84% | 6.21% | 3.58% | 3.06% | 3.78% | 5.20% | 4.91% | 4.06% | 4.42% | 3.92% |
Frequently Asked Questions
RPIFX and TFLIX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RPIFX has higher volatility (0.31%) compared to TFLIX (0.26%). In terms of maximum drawdown, RPIFX dropped -25.10% vs TFLIX's -17.79%.
RPIFX currently has the higher Sharpe Ratio (1.60 vs 1.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for RPIFX and TFLIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer