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Performance
FRA Performance Chart
BlackRock Floating Rate Income Strategies Fund Inc (FRA) is down 1.6% since the beginning of the year. FRA is currently trading at $11 per share. Investors who bought $1,000 worth of FRA shares 5 years ago would now be looking at an investment worth $1,370.
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Returns By Period
BlackRock Floating Rate Income Strategies Fund Inc (FRA) has returned -1.62% so far this year and -4.67% over the past 12 months. Over the last ten years, FRA has returned 6.56% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
BlackRock Floating Rate Income Strategies Fund Inc
- 1D
- -0.18%
- 1M
- -0.69%
- YTD
- -1.62%
- 6M
- -1.03%
- 1Y
- -4.67%
- 3Y*
- 8.63%
- 5Y*
- 6.50%
- 10Y*
- 6.56%
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%
FRA Monthly Returns History
Based on dividend-adjusted daily data since Oct 29, 2003, FRA's average daily return is +0.03%, while the average monthly return is +0.50%. At this rate, an investment would double in approximately 11.6 years.
Historically, 59% of months were positive and 41% were negative. The best month was Apr 2009 with a return of +13.2%, while the worst month was Sep 2008 at -23.5%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 7 months.
On a daily basis, FRA closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +21.7%, while the worst single day was Mar 18, 2020 at -23.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.86% | -4.09% | -0.13% | 3.24% | 0.13% | -1.49% | -1.62% | ||||||
| 2025 | -3.53% | 0.18% | 0.04% | -2.42% | 2.83% | 4.38% | 1.55% | 1.48% | -1.41% | -1.28% | -5.03% | -0.21% | -3.75% |
| 2024 | 0.29% | 2.74% | 1.98% | 1.57% | 1.40% | 0.03% | 5.78% | -2.83% | 2.10% | 5.19% | 2.51% | -0.78% | 21.56% |
| 2023 | 6.86% | 1.00% | -1.45% | 2.41% | -0.48% | 5.38% | 2.94% | 1.68% | 1.57% | -5.61% | 2.78% | 6.47% | 25.46% |
| 2022 | 1.19% | -2.62% | -0.63% | -4.58% | -4.62% | -2.25% | 8.07% | -0.95% | -8.19% | 4.11% | 5.46% | -4.88% | -10.59% |
| 2021 | 2.64% | 3.83% | 1.77% | -0.26% | 0.91% | 2.85% | 0.12% | 2.02% | 0.20% | 1.62% | 1.08% | -0.19% | 17.81% |
Benchmark Metrics
BlackRock Floating Rate Income Strategies Fund Inc has an annualized alpha of 2.06%, beta of 0.41, and R2 of 0.22 versus S&P 500 Index. Calculated based on daily prices since October 29, 2003.
- This fund participated in 55.49% of S&P 500 Index downside but only 48.06% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.41 may look defensive, but with R2 of 0.22 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 0.22 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
- 2.06%
- Beta
- 0.41
- R²
- 0.22
- Upside Capture
- 48.06%
- Downside Capture
- 55.49%
Expense Ratio
FRA has a high expense ratio of 2.17%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FRA ranks 1 for risk / return — in the bottom 1% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BlackRock Floating Rate Income Strategies Fund Inc (FRA) 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.
| FRA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.50 | ||
| Sortino ratioReturn per unit of downside risk | -3.37 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.37 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | 2.78 | -3.09 |
| Martin ratioReturn relative to average drawdown | -0.60 | 12.44 | -13.04 |
Dividends
Dividend History
BlackRock Floating Rate Income Strategies Fund Inc provided a 13.70% dividend yield over the last twelve months, with an annual payout of $1.49 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.49 | $1.49 | $1.49 | $1.32 | $0.77 | $0.80 | $0.92 | $0.87 | $0.82 | $0.73 | $0.81 | $0.80 |
Dividend yield | 13.70% | 12.62% | 10.81% | 10.44% | 6.88% | 5.96% | 7.61% | 6.44% | 6.90% | 5.31% | 5.65% | 6.17% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Floating Rate Income Strategies Fund Inc. 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 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.74 | ||||||
| 2025 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $1.49 |
| 2024 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $1.49 |
| 2023 | $0.08 | $0.08 | $0.11 | $0.11 | $0.11 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $1.32 |
| 2022 | $0.00 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.08 | $0.08 | $0.08 | $0.77 |
| 2021 | $0.00 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.13 | $0.80 |
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 Strategies Fund Inc. 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 Strategies Fund Inc was 51.43%, occurring on Dec 15, 2008. Recovery took 278 trading sessions.
The current BlackRock Floating Rate Income Strategies Fund Inc drawdown is 10.00%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -51.43%Dec 2008 | 1y 5mo | 1y 1mo | 2y 7moJun 2007 - Jan 2010 |
COVID crash2020 | -42.80%Mar 2020 | 1mo 25d | 10mo 2d | 11mo 27dJan 2020 - Jan 2021 |
2011 bear market2011 | -21.87%Oct 2011 | 4mo 3d | 11mo 1d | 1y 2moJun 2011 - Aug 2012 |
2010 bear market2010 | -20.13%May 2010 | 23d | 11mo 27d | 1y 15dApr 2010 - May 2011 |
2025 selloff2025 | -18.77%Apr 2025 | 3mo 21d | 4mo 21d | 8mo 12dDec 2024 - Aug 2025 |
Drawdown Indicators
| FRA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.43% | -56.78% | +5.35% |
Max Drawdown (1Y)Largest decline over 1 year | -15.47% | -9.10% | -6.37% |
Max Drawdown (3Y)Largest decline over 3 years | -18.77% | -18.90% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -18.77% | -25.43% | +6.66% |
Max Drawdown (10Y)Largest decline over 10 years | -42.80% | -33.92% | -8.88% |
Current DrawdownCurrent decline from peak | -10.00% | -1.80% | -8.20% |
Average DrawdownAverage peak-to-trough decline | -7.22% | -10.71% | +3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.80% | 2.03% | +5.77% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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