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Performance
BFRAX Performance Chart
BlackRock Floating Rate Income Fund (BFRAX) is up 0.5% since the beginning of the year. BFRAX is currently trading at $9 per share. Investors who bought $1,000 worth of BFRAX shares 5 years ago would now be looking at an investment worth $1,258.
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Returns By Period
BlackRock Floating Rate Income Fund (BFRAX) has returned 0.54% so far this year and 4.25% over the past 12 months. Over the last ten years, BFRAX has returned 4.33% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
BlackRock Floating Rate Income Fund
- 1D
- 0.11%
- 1M
- 0.19%
- YTD
- 0.54%
- 6M
- 1.07%
- 1Y
- 4.25%
- 3Y*
- 6.42%
- 5Y*
- 4.70%
- 10Y*
- 4.33%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BFRAX Monthly Returns History
Based on dividend-adjusted daily data since Nov 3, 1989, BFRAX's average daily return is 0.00%, while the average monthly return is +0.10%. At this rate, an investment would double in approximately 57.8 years.
Historically, 50% of months were positive and 50% were negative. The best month was Apr 2009 with a return of +5.8%, while the worst month was Oct 2008 at -14.1%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 14 months.
On a daily basis, BFRAX closed higher 18% of trading days. The best single day was Mar 26, 2020 with a return of +3.7%, while the worst single day was Mar 18, 2020 at -3.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.44% | -0.82% | 0.60% | 1.02% | 0.51% | -0.32% | 0.54% | ||||||
| 2025 | 0.68% | -0.01% | -0.61% | 0.12% | 1.53% | 0.76% | 0.78% | 0.25% | 0.55% | 0.32% | 0.28% | 0.60% | 5.35% |
| 2024 | 0.61% | 0.91% | 0.92% | 0.48% | 0.82% | 0.25% | 0.68% | 0.58% | 0.61% | 0.74% | 0.83% | 0.40% | 8.12% |
| 2023 | 2.54% | 0.30% | 0.28% | 0.32% | -0.30% | 1.64% | 1.13% | 0.93% | 0.52% | -0.83% | 1.36% | 1.69% | 9.94% |
| 2022 | 0.14% | -0.56% | 0.09% | -0.32% | -2.25% | -2.94% | 2.38% | 1.19% | -2.13% | 1.27% | 1.44% | 0.40% | -1.43% |
| 2021 | 0.68% | 0.55% | -0.03% | 0.36% | 0.59% | 0.27% | -0.13% | 0.36% | 0.58% | -0.10% | -0.27% | 0.68% | 3.59% |
Benchmark Metrics
BlackRock Floating Rate Income Fund has an annualized alpha of 0.81%, beta of 0.03, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since November 03, 1989.
- This fund participated in 15.77% of S&P 500 Index downside but only 10.93% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.03 may look defensive, but with R2 of 0.04 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.04 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.81%
- Beta
- 0.03
- R²
- 0.04
- Upside Capture
- 10.93%
- Downside Capture
- 15.77%
Expense Ratio
BFRAX has an expense ratio of 0.90%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BFRAX ranks 62 for risk / return — better than 62% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BlackRock Floating Rate Income Fund (BFRAX) and compare them to S&P 500 Index.
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.
| BFRAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.37 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 2.78 | -0.28 |
| Martin ratioReturn relative to average drawdown | 7.75 | 12.44 | -4.69 |
Dividends
Dividend History
BlackRock Floating Rate Income Fund provided a 6.46% dividend yield over the last twelve months, with an annual payout of $0.60 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.60 | $0.64 | $0.77 | $0.61 | $0.38 | $0.29 | $0.38 | $0.47 | $0.44 | $0.35 | $0.40 | $0.40 |
Dividend yield | 6.46% | 6.68% | 8.00% | 6.24% | 4.09% | 2.91% | 3.81% | 4.65% | 4.58% | 3.45% | 3.90% | 4.02% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Floating Rate Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.00 | $0.23 | ||||||
| 2025 | $0.06 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.07 | $0.64 |
| 2024 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.77 |
| 2023 | $0.06 | $0.06 | $0.07 | $0.00 | $0.07 | $0.01 | $0.07 | $0.07 | $0.07 | $0.00 | $0.07 | $0.07 | $0.61 |
| 2022 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.04 | $0.05 | $0.05 | $0.05 | $0.06 | $0.38 |
| 2021 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.02 | $0.03 | $0.29 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the BlackRock Floating Rate Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BlackRock Floating Rate Income Fund was 44.69%, occurring on Dec 16, 2008. Recovery took 2003 trading sessions.
The current BlackRock Floating Rate Income Fund drawdown is 0.32%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -44.69%Dec 2008 | 14y 2mo | 7y 11mo | 22y 2moOct 1994 - Nov 2016 |
COVID crash2020 | -20.61%Mar 2020 | 2mo 2d | 7mo 22d | 9mo 24dJan 2020 - Nov 2020 |
Bear market2022 | -6.43%Jul 2022 | 5mo 12d | 6mo 26d | 1y 3dJan 2022 - Jan 2023 |
Rate-hike selloffLate 2018 | -4.14%Dec 2018 | 2mo 18d | 2mo 3d | 4mo 21dOct 2018 - Feb 2019 |
2025 selloff2025 | -2.81%Apr 2025 | 2mo 3d | 1mo 5d | 3mo 8dFeb 2025 - May 2025 |
Drawdown Indicators
| BFRAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.69% | -56.78% | +12.09% |
Max Drawdown (1Y)Largest decline over 1 year | -1.70% | -9.10% | +7.40% |
Max Drawdown (3Y)Largest decline over 3 years | -2.81% | -18.90% | +16.09% |
Max Drawdown (5Y)Largest decline over 5 years | -6.43% | -25.43% | +19.00% |
Max Drawdown (10Y)Largest decline over 10 years | -20.61% | -33.92% | +13.31% |
Current DrawdownCurrent decline from peak | -0.32% | -1.80% | +1.48% |
Average DrawdownAverage peak-to-trough decline | -6.78% | -10.71% | +3.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 2.03% | -1.48% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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