Correlation
The correlation between SHYPX and PRFRX is 0.26, 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.
SHYPX vs. PRFRX
Compare and contrast key facts about American Beacon SiM High Yld Opps Fund (SHYPX) and T. Rowe Price Floating Rate Fund (PRFRX).
SHYPX is managed by American Beacon. It was launched on Feb 14, 2011. PRFRX is managed by T. Rowe Price. It was launched on Jul 29, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHYPX or PRFRX.
Performance
SHYPX vs. PRFRX - Performance Comparison
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Key characteristics
SHYPX:
2.10
PRFRX:
2.35
SHYPX:
2.78
PRFRX:
4.66
SHYPX:
1.44
PRFRX:
2.06
SHYPX:
1.75
PRFRX:
2.98
SHYPX:
6.86
PRFRX:
15.03
SHYPX:
0.97%
PRFRX:
0.49%
SHYPX:
3.54%
PRFRX:
2.89%
SHYPX:
-24.85%
PRFRX:
-20.05%
SHYPX:
-1.24%
PRFRX:
0.00%
Returns By Period
In the year-to-date period, SHYPX achieves a 0.91% return, which is significantly lower than PRFRX's 1.57% return. Over the past 10 years, SHYPX has outperformed PRFRX with an annualized return of 5.36%, while PRFRX has yielded a comparatively lower 4.52% annualized return.
SHYPX
0.91%
0.55%
1.03%
7.48%
7.07%
8.16%
5.36%
PRFRX
1.57%
0.98%
2.00%
6.52%
8.18%
6.59%
4.52%
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SHYPX vs. PRFRX - Expense Ratio Comparison
SHYPX has a 1.10% expense ratio, which is higher than PRFRX's 0.75% expense ratio.
Risk-Adjusted Performance
SHYPX vs. PRFRX — Risk-Adjusted Performance Rank
SHYPX
PRFRX
SHYPX vs. PRFRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Beacon SiM High Yld Opps Fund (SHYPX) and T. Rowe Price Floating Rate Fund (PRFRX). 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.
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Dividends
SHYPX vs. PRFRX - Dividend Comparison
SHYPX's dividend yield for the trailing twelve months is around 6.40%, less than PRFRX's 6.97% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYPX American Beacon SiM High Yld Opps Fund | 6.40% | 6.48% | 6.37% | 6.85% | 5.10% | 6.05% | 5.90% | 6.13% | 5.53% | 5.59% | 5.41% | 8.63% |
PRFRX T. Rowe Price Floating Rate Fund | 6.97% | 8.18% | 8.33% | 5.32% | 3.87% | 4.00% | 4.84% | 4.86% | 4.04% | 4.08% | 4.08% | 3.95% |
Drawdowns
SHYPX vs. PRFRX - Drawdown Comparison
The maximum SHYPX drawdown since its inception was -24.85%, which is greater than PRFRX's maximum drawdown of -20.05%. Use the drawdown chart below to compare losses from any high point for SHYPX and PRFRX.
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Volatility
SHYPX vs. PRFRX - Volatility Comparison
American Beacon SiM High Yld Opps Fund (SHYPX) has a higher volatility of 0.99% compared to T. Rowe Price Floating Rate Fund (PRFRX) at 0.43%. This indicates that SHYPX's price experiences larger fluctuations and is considered to be riskier than PRFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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