TFAIX vs. DFRTX

Last updated Jun 4, 2026

TFAIX (T. Rowe Price Floating Rate Fund Class I) and DFRTX (DWS Floating Rate Fund) are both Bank Loan funds. A 0.53 correlation means they provide meaningful diversification when combined. TFAIX charges 0.63%/yr vs 0.78%/yr for DFRTX.

Performance

TFAIX vs. DFRTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Floating Rate Fund Class I (TFAIX) and DWS Floating Rate Fund (DFRTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TFAIX

• 1D: 0.00%
• 1M: 0.46%
• YTD: 1.45%
• 6M: 2.16%
• 1Y: 5.77%
• 3Y*: 8.22%
• 5Y*: 5.57%
• 10Y*: —

DFRTX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TFAIX vs. DFRTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TFAIX T. Rowe Price Floating Rate Fund Class I	1.45%	6.61%	9.06%	10.85%	-1.85%	4.73%	1.88%	8.71%	0.06%	3.39%
DFRTX DWS Floating Rate Fund	0.51%	3.50%	7.82%	11.54%	-1.54%	3.85%	1.12%	8.66%	-0.49%	1.56%

Correlation

The correlation between TFAIX and DFRTX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.53

Over the past year, the correlation between TFAIX and DFRTX has dropped to 0.18 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.

Return for Risk

TFAIX vs. DFRTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TFAIX

TFAIX Risk / Return Rank: 84
TFAIX Sharpe Ratio Rank: 70
TFAIX Sortino Ratio Rank: 97
TFAIX Omega Ratio Rank: 96
TFAIX Calmar Ratio Rank: 81
TFAIX Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TFAIX vs. DFRTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Floating Rate Fund Class I (TFAIX) and DWS Floating Rate Fund (DFRTX). 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.

	TFAIX	DFRTX	Difference
Sharpe ratio: Return per unit of total volatility	2.45	—	—
Sortino ratio: Return per unit of downside risk	5.72	—	—
Omega ratio: Gain probability vs. loss probability	1.89	—	—
Calmar ratio: Return relative to maximum drawdown	3.70	—	—
Martin ratio: Return relative to average drawdown	14.23	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TFAIX	DFRTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.45	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.19	—	—

Drawdowns

Drawdown Indicators

	TFAIX	DFRTX	Difference
Max Drawdown Largest peak-to-trough decline	-19.93%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-1.59%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-2.34%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-5.88%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-0.78%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.41%	—	—

Volatility

Volatility by Period

	TFAIX	DFRTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.63%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.82%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.41%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.79%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.94%	—	—

TFAIX vs. DFRTX - Expense Ratio Comparison

TFAIX has a 0.63% expense ratio, which is lower than DFRTX's 0.78% expense ratio.

Dividends

TFAIX vs. DFRTX - Dividend Comparison

TFAIX's dividend yield for the trailing twelve months is around 6.95%, more than DFRTX's 4.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFRTX DWS Floating Rate Fund	4.84%	6.04%	8.77%	8.33%	4.36%	3.41%	3.84%	4.90%	4.30%	4.49%	4.86%	4.73%
TFAIX T. Rowe Price Floating Rate Fund Class I	6.95%	7.14%	8.30%	7.12%	4.13%	3.98%	4.12%	4.97%	5.01%	4.15%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TFAIX and DFRTX in my portfolio?

TFAIX and DFRTX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.