TFAIX vs. LFRIX
TFAIX (T. Rowe Price Floating Rate Fund Class I) and LFRIX (Lord Abbett Floating Rate Fund) are both Bank Loan funds. Over the past 5 years, TFAIX returned 5.36%/yr vs 5.50%/yr for LFRIX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. TFAIX charges 0.63%/yr vs 0.60%/yr for LFRIX.
Performance
TFAIX vs. LFRIX - Performance Comparison
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Returns By Period
In the year-to-date period, TFAIX achieves a 0.79% return, which is significantly lower than LFRIX's 2.45% return.
TFAIX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.86%
- YTD
- 0.79%
- 1Y
- 3.60%
- 3Y*
- 6.87%
- 5Y*
- 5.36%
- 10Y*
- —
- ALL TIME*
- 4.54%
LFRIX
- 1D
- 0.12%
- 1M
- -0.12%
- 6M
- 2.38%
- YTD
- 2.45%
- 1Y
- 5.52%
- 3Y*
- 7.05%
- 5Y*
- 5.50%
- 10Y*
- 4.48%
- ALL TIME*
- 4.13%
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 |
TFAIX vs. LFRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TFAIX T. Rowe Price Floating Rate Fund Class I | 0.79% | 6.61% | 9.06% | 10.85% | -1.85% | 4.73% | 1.88% | 8.71% | 0.06% | 3.39% |
LFRIX Lord Abbett Floating Rate Fund | 2.45% | 6.30% | 8.28% | 12.22% | -2.99% | 5.48% | -1.47% | 7.59% | -0.01% | 3.97% |
Correlation
The correlation between TFAIX and LFRIX 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. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.68 |
Over the past year, the correlation between TFAIX and LFRIX has dropped to 0.40 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
TFAIX vs. LFRIX — Risk / Return Rank
TFAIX
LFRIX
TFAIX vs. LFRIX - 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 Lord Abbett Floating Rate Fund (LFRIX). 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.
| TFAIX | LFRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.88 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 3.79 | -1.59 |
| Martin ratioReturn relative to average drawdown | 7.46 | 14.02 | -6.56 |
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Drawdowns
TFAIX vs. LFRIX - Drawdown Comparison
The maximum TFAIX drawdown since its inception was -19.93%, smaller than the maximum LFRIX drawdown of -27.90%. Use the drawdown chart below to compare losses from any high point for TFAIX and LFRIX.
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Drawdown Indicators
| TFAIX | LFRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.93% | -27.90% | +7.97% |
Max Drawdown (1Y)Largest decline over 1 year | -1.59% | -1.55% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -2.34% | -2.59% | +0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -5.88% | -6.23% | +0.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.75% | — |
Current DrawdownCurrent decline from peak | -0.41% | -0.25% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -0.78% | -1.93% | +1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | 0.42% | +0.05% |
Volatility
TFAIX vs. LFRIX - Volatility Comparison
T. Rowe Price Floating Rate Fund Class I (TFAIX) and Lord Abbett Floating Rate Fund (LFRIX) have volatilities of 0.30% and 0.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TFAIX | LFRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.30% | 0.31% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.76% | 1.91% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.36% | 2.44% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.79% | 2.87% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.91% | 3.91% | 0.00% |
TFAIX vs. LFRIX - Expense Ratio Comparison
TFAIX has a 0.63% expense ratio, which is higher than LFRIX's 0.60% expense ratio.
Dividends
TFAIX vs. LFRIX - Dividend Comparison
TFAIX's dividend yield for the trailing twelve months is around 5.78%, less than LFRIX's 6.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LFRIX Lord Abbett Floating Rate Fund | 6.24% | 7.20% | 7.68% | 7.63% | 3.95% | 4.01% | 4.64% | 5.71% | 5.60% | 4.65% | 4.64% | 4.72% |
TFAIX T. Rowe Price Floating Rate Fund Class I | 5.78% | 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
TFAIX and LFRIX 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.
LFRIX has higher volatility (0.31%) compared to TFAIX (0.30%). In terms of maximum drawdown, TFAIX dropped -19.93% vs LFRIX's -27.90%.
LFRIX currently has the higher Sharpe Ratio (2.42 vs 1.53), 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.
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