PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
RPLCX vs. RPIFX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

RPLCX vs. RPIFX - Performance Comparison

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

-2.00%0.00%2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
3.57%
4.49%
RPLCX
RPIFX

Returns By Period

In the year-to-date period, RPLCX achieves a -0.27% return, which is significantly lower than RPIFX's 7.80% return. Over the past 10 years, RPLCX has underperformed RPIFX with an annualized return of 1.77%, while RPIFX has yielded a comparatively higher 4.83% annualized return.


RPLCX

YTD

-0.27%

1M

-1.09%

6M

3.02%

1Y

9.56%

5Y (annualized)

-2.59%

10Y (annualized)

1.77%

RPIFX

YTD

7.80%

1M

0.89%

6M

4.49%

1Y

10.39%

5Y (annualized)

5.66%

10Y (annualized)

4.83%

Key characteristics


RPLCXRPIFX
Sharpe Ratio0.903.80
Sortino Ratio1.3412.68
Omega Ratio1.164.04
Calmar Ratio0.3214.07
Martin Ratio2.8980.23
Ulcer Index3.36%0.13%
Daily Std Dev10.81%2.73%
Max Drawdown-36.46%-22.53%
Current Drawdown-23.00%0.00%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


RPLCX vs. RPIFX - Expense Ratio Comparison

RPLCX has a 0.45% expense ratio, which is lower than RPIFX's 0.57% expense ratio.


RPIFX
T. Rowe Price Institutional Floating Rate Fund
Expense ratio chart for RPIFX: current value at 0.57% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.57%
Expense ratio chart for RPLCX: current value at 0.45% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.45%

Correlation

-0.50.00.51.00.1

The correlation between RPLCX and RPIFX 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

RPLCX vs. RPIFX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Institutional Long Duration Credit Fund (RPLCX) and T. Rowe Price Institutional Floating Rate Fund (RPIFX). 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 RPLCX, currently valued at 0.90, compared to the broader market-1.000.001.002.003.004.005.000.903.80
The chart of Sortino ratio for RPLCX, currently valued at 1.34, compared to the broader market0.005.0010.001.3412.68
The chart of Omega ratio for RPLCX, currently valued at 1.16, compared to the broader market1.002.003.004.001.164.04
The chart of Calmar ratio for RPLCX, currently valued at 0.32, compared to the broader market0.005.0010.0015.0020.0025.000.3214.07
The chart of Martin ratio for RPLCX, currently valued at 2.89, compared to the broader market0.0020.0040.0060.0080.00100.002.8980.23
RPLCX
RPIFX

The current RPLCX Sharpe Ratio is 0.90, which is lower than the RPIFX Sharpe Ratio of 3.80. The chart below compares the historical Sharpe Ratios of RPLCX and RPIFX, 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 Ratio0.001.002.003.004.005.00JuneJulyAugustSeptemberOctoberNovember
0.90
3.80
RPLCX
RPIFX

Dividends

RPLCX vs. RPIFX - Dividend Comparison

RPLCX's dividend yield for the trailing twelve months is around 5.42%, less than RPIFX's 8.66% yield.


TTM20232022202120202019201820172016201520142013
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%
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%

Drawdowns

RPLCX vs. RPIFX - Drawdown Comparison

The maximum RPLCX drawdown since its inception was -36.46%, which is greater than RPIFX's maximum drawdown of -22.53%. Use the drawdown chart below to compare losses from any high point for RPLCX and RPIFX. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-23.00%
0
RPLCX
RPIFX

Volatility

RPLCX vs. RPIFX - Volatility Comparison

T. Rowe Price Institutional Long Duration Credit Fund (RPLCX) has a higher volatility of 3.08% compared to T. Rowe Price Institutional Floating Rate Fund (RPIFX) at 0.83%. This indicates that RPLCX's price experiences larger fluctuations and is considered to be riskier than RPIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%JuneJulyAugustSeptemberOctoberNovember
3.08%
0.83%
RPLCX
RPIFX