TFAIX vs. RCRIX

Last updated Apr 1, 2026

Compare and contrast key facts about T. Rowe Price Floating Rate Fund Class I (TFAIX) and RiverPark Floating Rate CMBS Fund (RCRIX).

TFAIX is an actively managed fund by T. Rowe Price. It was launched on Nov 29, 2016. RCRIX is managed by RiverPark Funds. It was launched on Sep 29, 2016.

Performance

TFAIX vs. RCRIX - 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 RiverPark Floating Rate CMBS Fund (RCRIX). The values are adjusted to include any dividend payments, if applicable.

TFAIX vs. RCRIX - 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%	1.95%
RCRIX RiverPark Floating Rate CMBS Fund	0.88%	5.56%	10.01%	9.85%	-0.72%	2.81%	-8.51%	4.46%	59.17%	3.09%

Returns By Period

In the year-to-date period, TFAIX achieves a -1.09% return, which is significantly lower than RCRIX's 0.88% return.

TFAIX

• 1D: -0.11%
• 1M: -0.11%
• YTD: -1.09%
• 6M: 0.45%
• 1Y: 4.85%
• 3Y*: 7.34%
• 5Y*: 5.26%
• 10Y*: —

RCRIX

• 1D: 0.11%
• 1M: 0.11%
• YTD: 0.88%
• 6M: 2.04%
• 1Y: 5.49%
• 3Y*: 8.16%
• 5Y*: 5.21%
• 10Y*: —

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

TFAIX vs. RCRIX - Expense Ratio Comparison

TFAIX has a 0.63% expense ratio, which is lower than RCRIX's 0.85% expense ratio.

RCRIX

RiverPark Floating Rate CMBS Fund

TFAIX

T. Rowe Price Floating Rate Fund Class I

Return for Risk

TFAIX vs. RCRIX — Risk / Return Rank

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

TFAIX

TFAIX Risk / Return Rank: 92
TFAIX Sharpe Ratio Rank: 90
TFAIX Sortino Ratio Rank: 96
TFAIX Omega Ratio Rank: 96
TFAIX Calmar Ratio Rank: 90
TFAIX Martin Ratio Rank: 89

RCRIX

RCRIX Risk / Return Rank: 98
RCRIX Sharpe Ratio Rank: 99
RCRIX Sortino Ratio Rank: 98
RCRIX Omega Ratio Rank: 99
RCRIX Calmar Ratio Rank: 93
RCRIX Martin Ratio Rank: 98

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. RCRIX - 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 RiverPark Floating Rate CMBS Fund (RCRIX). 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	RCRIX	Difference
Sharpe ratio Return per unit of total volatility	1.91	3.51	-1.60
Sortino ratio Return per unit of downside risk	3.39	5.49	-2.10
Omega ratio Gain probability vs. loss probability	1.61	3.02	-1.41
Calmar ratio Return relative to maximum drawdown	2.54	2.84	-0.31
Martin ratio Return relative to average drawdown	9.77	23.96	-14.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TFAIX vs. RCRIX - Sharpe Ratio Comparison

The current TFAIX Sharpe Ratio is 1.91, which is lower than the RCRIX Sharpe Ratio of 3.51. The chart below compares the historical Sharpe Ratios of TFAIX and RCRIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TFAIX	RCRIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	3.51	-1.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.92	3.27	-1.35
Sharpe Ratio (All Time) Calculated using the full available price history	1.14	1.08	+0.06

Correlation

The correlation between TFAIX and RCRIX is 0.18, 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.

Dividends

TFAIX vs. RCRIX - Dividend Comparison

TFAIX's dividend yield for the trailing twelve months is around 6.59%, more than RCRIX's 4.67% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
RCRIX RiverPark Floating Rate CMBS Fund	4.67%	5.30%	6.85%	7.90%	3.80%	2.34%	3.16%	3.36%	49.16%	3.64%

Drawdowns

TFAIX vs. RCRIX - Drawdown Comparison

The maximum TFAIX drawdown since its inception was -19.93%, smaller than the maximum RCRIX drawdown of -30.00%. Use the drawdown chart below to compare losses from any high point for TFAIX and RCRIX.

Drawdown Indicators

	TFAIX	RCRIX	Difference
Max Drawdown Largest peak-to-trough decline	-19.93%	-30.00%	+10.07%
Max Drawdown (1Y) Largest decline over 1 year	-1.96%	-1.82%	-0.14%
Max Drawdown (5Y) Largest decline over 5 years	-5.88%	-3.75%	-2.13%
Current Drawdown Current decline from peak	-1.31%	0.00%	-1.31%
Average Drawdown Average peak-to-trough decline	-0.80%	-3.07%	+2.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.54%	0.23%	+0.31%

Volatility

TFAIX vs. RCRIX - Volatility Comparison

T. Rowe Price Floating Rate Fund Class I (TFAIX) has a higher volatility of 0.77% compared to RiverPark Floating Rate CMBS Fund (RCRIX) at 0.30%. This indicates that TFAIX's price experiences larger fluctuations and is considered to be riskier than RCRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TFAIX	RCRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.77%	0.30%	+0.47%
Volatility (6M) Calculated over the trailing 6-month period	1.81%	0.58%	+1.23%
Volatility (1Y) Calculated over the trailing 1-year period	2.81%	1.54%	+1.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.76%	1.60%	+1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.96%	8.01%	-4.05%