TFAIX vs. FFRSX
Compare and contrast key facts about T. Rowe Price Floating Rate Fund Class I (TFAIX) and Federated Hermes Floating Rate Strat Inc Fund (FFRSX).
TFAIX is an actively managed fund by T. Rowe Price. It was launched on Nov 29, 2016. FFRSX is managed by Federated. It was launched on Dec 2, 2010.
Performance
TFAIX vs. FFRSX - Performance Comparison
Loading graphics...
TFAIX vs. FFRSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TFAIX T. Rowe Price Floating Rate Fund Class I | -1.09% | 6.61% | 9.06% | 10.85% | -1.85% | 4.73% | 1.88% | 8.71% | 0.06% | 3.39% |
FFRSX Federated Hermes Floating Rate Strat Inc Fund | -0.72% | 5.61% | 6.71% | 8.04% | -5.85% | 3.73% | 0.45% | 6.71% | 0.38% | 3.43% |
Returns By Period
In the year-to-date period, TFAIX achieves a -1.09% return, which is significantly lower than FFRSX's -0.72% return.
TFAIX
- 1D
- -0.11%
- 1M
- -0.11%
- YTD
- -1.09%
- 6M
- 0.45%
- 1Y
- 4.85%
- 3Y*
- 7.34%
- 5Y*
- 5.26%
- 10Y*
- —
FFRSX
- 1D
- 0.00%
- 1M
- -0.12%
- YTD
- -0.72%
- 6M
- 0.69%
- 1Y
- 3.97%
- 3Y*
- 5.64%
- 5Y*
- 3.17%
- 10Y*
- 3.41%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TFAIX vs. FFRSX - Expense Ratio Comparison
TFAIX has a 0.63% expense ratio, which is lower than FFRSX's 0.68% expense ratio.
Return for Risk
TFAIX vs. FFRSX — Risk / Return Rank
TFAIX
FFRSX
TFAIX vs. FFRSX - 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 Federated Hermes Floating Rate Strat Inc Fund (FFRSX). 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 | FFRSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.91 | 1.76 | +0.15 |
Sortino ratioReturn per unit of downside risk | 3.39 | 3.04 | +0.35 |
Omega ratioGain probability vs. loss probability | 1.61 | 1.66 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.54 | 3.06 | -0.52 |
Martin ratioReturn relative to average drawdown | 9.77 | 11.21 | -1.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| TFAIX | FFRSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.91 | 1.76 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.92 | 1.31 | +0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.14 | 1.19 | -0.05 |
Correlation
The correlation between TFAIX and FFRSX is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TFAIX vs. FFRSX - Dividend Comparison
TFAIX's dividend yield for the trailing twelve months is around 6.59%, more than FFRSX's 5.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TFAIX T. Rowe Price Floating Rate Fund Class I | 6.59% | 7.14% | 8.30% | 7.12% | 4.13% | 3.98% | 4.12% | 4.97% | 5.01% | 4.15% | 0.00% | 0.00% |
FFRSX Federated Hermes Floating Rate Strat Inc Fund | 5.61% | 6.38% | 6.95% | 6.88% | 4.15% | 2.92% | 3.37% | 4.62% | 4.41% | 3.68% | 3.76% | 3.71% |
Drawdowns
TFAIX vs. FFRSX - Drawdown Comparison
The maximum TFAIX drawdown since its inception was -19.93%, which is greater than FFRSX's maximum drawdown of -17.13%. Use the drawdown chart below to compare losses from any high point for TFAIX and FFRSX.
Loading graphics...
Drawdown Indicators
| TFAIX | FFRSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.93% | -17.13% | -2.80% |
Max Drawdown (1Y)Largest decline over 1 year | -1.96% | -1.40% | -0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -5.88% | -7.54% | +1.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.13% | — |
Current DrawdownCurrent decline from peak | -1.31% | -0.83% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -0.92% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 0.38% | +0.16% |
Volatility
TFAIX vs. FFRSX - Volatility Comparison
T. Rowe Price Floating Rate Fund Class I (TFAIX) has a higher volatility of 0.77% compared to Federated Hermes Floating Rate Strat Inc Fund (FFRSX) at 0.63%. This indicates that TFAIX's price experiences larger fluctuations and is considered to be riskier than FFRSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| TFAIX | FFRSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 0.63% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 1.81% | 1.62% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.81% | 2.45% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.76% | 2.43% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.96% | 3.24% | +0.72% |