XPTFX vs. DFRPX

Last updated Jun 24, 2026

XPTFX (Federated Hermes Project and Trade Finance Tender Fund) and DFRPX (DWS Floating Rate Fund Class S) are both Bank Loan funds. At a 0.11 correlation, their price movements are largely independent. XPTFX charges 0.41%/yr vs 0.87%/yr for DFRPX.

Performance

XPTFX vs. DFRPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Project and Trade Finance Tender Fund (XPTFX) and DWS Floating Rate Fund Class S (DFRPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XPTFX

• 1D: 0.00%
• 1M: 0.49%
• YTD: 3.23%
• 6M: 3.36%
• 1Y: 7.44%
• 3Y*: 7.97%
• 5Y*: 6.46%
• 10Y*: —

DFRPX

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

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

XPTFX vs. DFRPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XPTFX Federated Hermes Project and Trade Finance Tender Fund	3.23%	7.47%	8.62%	8.55%	3.74%	1.91%	2.18%	4.70%	4.47%	-0.10%
DFRPX DWS Floating Rate Fund Class S	0.38%	3.45%	7.72%	11.42%	-1.52%	3.75%	0.89%	8.69%	-0.58%	1.41%

Correlation

The correlation between XPTFX and DFRPX is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.11

The correlation between XPTFX and DFRPX shifts across timeframes, from 0.00 (1 year) to 0.14 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

XPTFX vs. DFRPX — Risk / Return Rank

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

XPTFX

XPTFX Risk / Return Rank: 84
XPTFX Sharpe Ratio Rank: 84
XPTFX Sortino Ratio Rank: 84
XPTFX Omega Ratio Rank: 99
XPTFX Calmar Ratio Rank: 85
XPTFX Martin Ratio Rank: 65

DFRPX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

XPTFX vs. DFRPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Project and Trade Finance Tender Fund (XPTFX) and DWS Floating Rate Fund Class S (DFRPX). 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.

	XPTFX	DFRPX	Difference
Sharpe ratio: Return per unit of total volatility	2.54	—	—
Sortino ratio: Return per unit of downside risk	3.68	—	—
Omega ratio: Gain probability vs. loss probability	4.22	—	—
Calmar ratio: Return relative to maximum drawdown	3.81	—	—
Martin ratio: Return relative to average drawdown	11.98	—	—

Drawdowns

Drawdown Indicators

	XPTFX	DFRPX	Difference
Max Drawdown Largest peak-to-trough decline	-2.95%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-1.96%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-2.95%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-2.95%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-0.26%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.62%	—	—

Volatility

Volatility by Period

	XPTFX	DFRPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.95%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.53%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.01%	—	—

XPTFX vs. DFRPX - Expense Ratio Comparison

XPTFX has a 0.41% expense ratio, which is lower than DFRPX's 0.87% expense ratio.

Dividends

XPTFX vs. DFRPX - Dividend Comparison

XPTFX's dividend yield for the trailing twelve months is around 6.02%, more than DFRPX's 4.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFRPX DWS Floating Rate Fund Class S	4.52%	5.99%	8.67%	8.22%	4.25%	3.31%	3.75%	4.80%	4.21%	4.39%	4.76%	4.63%
XPTFX Federated Hermes Project and Trade Finance Tender Fund	6.02%	7.24%	6.78%	6.66%	5.70%	2.21%	2.74%	4.62%	4.60%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XPTFX and DFRPX in my portfolio?

XPTFX and DFRPX have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.