BlackRock Floating Rate Income Strategies Fund Inc (FRA) belongs to the Bank Loan category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FRA. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FRA
FRA charges 2.17% annually. There are 58 mutual funds in the Bank Loan category with lower expense ratios, going as low as 0.41%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 0.41% | — | Jan 2017 | FRA vs XPTFX | |
| Eaton Vance Floating-Rate Advantage Fund | 0.47% | — | Mar 2008 | FRA vs EIFAX | |
| Shenkman Capital Floating Rate High Income Fund | 0.54% | — | Oct 2014 | FRA vs SFHIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.57% | — | Jan 2008 | FRA vs RPIFX | |
| Lord Abbett Floating Rate Fund | 0.60% | — | Dec 2007 | FRA vs LFRIX |
Best Risk-Adjusted Alternatives to FRA
FRA has a PortfoliosLab risk / return rank of 1. There are 62 mutual funds in the Bank Loan category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | 100 | — | Sep 2016 | FRA vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 99 | — | Jun 2023 | FRA vs CAPIX | |
| Payden Floating Rate Fund | 98 | — | Nov 2013 | FRA vs PYFRX | |
| Virtus Seix Floating Rate High Income Fund | 97 | — | Feb 2006 | FRA vs SAMBX | |
| PGIM Floating Rate Income Fund | 96 | — | Mar 2011 | FRA vs FRFZX |
Top Performing FRA Alternatives (YTD)
FRA is at -1.62% YTD. There are 62 mutual funds in the Bank Loan category with higher YTD returns, going as high as 3.74%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Floating Rate Fund | 3.74% | — | Dec 2009 | FRA vs RSFYX | |
| Federated Hermes Project and Trade Finance Tender ... | 3.54% | — | Jan 2017 | FRA vs XPTFX | |
| Virtus Seix Floating Rate High Income Fund | 3.03% | — | Feb 2006 | FRA vs SAMBX | |
| Credit Suisse Floating Rate High Income Fund | 3.03% | — | Mar 1999 | FRA vs CHIAX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 2.87% | — | Jun 2023 | FRA vs CAPIX |
Lowest Volatility Alternatives to FRA
FRA has 10.00% 1-year volatility. There are 61 mutual funds in the Bank Loan category with lower 1-year volatility, going as low as 0.76%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | 0.76% | — | Sep 2016 | FRA vs RCRIX | |
| Payden Floating Rate Fund | 1.25% | — | Nov 2013 | FRA vs PYFRX | |
| BNY Mellon Floating Rate Income Fund | 1.35% | — | Sep 2013 | FRA vs DFLYX | |
| Donoghue Forlines Risk Managed Income Fund | 1.67% | — | Dec 2017 | FRA vs FLOTX | |
| Dunham Floating Rate Bond Fund | 1.67% | — | Oct 2013 | FRA vs DAFRX |
Lowest Drawdown Alternatives to FRA
FRA has a 1-year max drawdown of -15.47%. There are 62 mutual funds in the Bank Loan category with shallower 1-year drawdowns, going as shallow as -0.19%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | -0.19% | — | Sep 2016 | FRA vs RCRIX | |
| Virtus Seix Floating Rate High Income Fund | -0.78% | — | Feb 2006 | FRA vs SAMBX | |
| PGIM Floating Rate Income Fund | -0.85% | — | Mar 2011 | FRA vs FRFZX | |
| Virtus Newfleet Senior Floating Rate Fund | -0.88% | — | Jan 2008 | FRA vs PSFIX | |
| Calvert Floating-Rate Advantage Fund | -0.88% | — | Oct 2017 | FRA vs CFOIX |
Other Mutual Funds from BlackRock
The 10 most viewed BlackRock mutual funds shown here include ECAT, WFSPX, BDMIX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| BlackRock ESG Capital Allocation Term Trust | Tactical Allocation, Derivative Income, ESG | 39 | 15.10% | — | Sep 2021 | FRA vs ECAT | |
| iShares S&P 500 Index Fund Class K | S&P 500 | 65 | 11.33% | — | Jul 1993 | FRA vs WFSPX | |
| BlackRock Global Equity Market Neutral Fund Class ... | Equity Market Neutral | 96 | 11.25% | — | Dec 2012 | FRA vs BDMIX | |
| BlackRock LifePath Index 2055 Fund | Target Retirement Date | 64 | 12.43% | — | May 2011 | FRA vs LIVIX | |
| Fidelity Asset Manager 70% Fund | Diversified Portfolio | 73 | 11.70% | — | Dec 1991 | FRA vs FASGX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | Systematic Trend | 51 | 9.56% | — | Jul 2010 | FRA vs ASFYX | |
| BlackRock Enhanced Equity Dividend Fund | Derivative Income | 41 | 5.97% | — | Aug 2005 | FRA vs BDJ | |
| BlackRock Technology Opportunities Fund Investor A | Technology Equities | 50 | 34.57% | — | Apr 2000 | FRA vs BGSAX | |
| Fidelity Asset Manager 40% Fund | Diversified Portfolio | 72 | 6.74% | — | Oct 2007 | FRA vs FFANX | |
| Fidelity Asset Manager 85% Fund | Diversified Portfolio | 72 | 13.91% | — | Sep 1999 | FRA vs FAMRX |
Often Compared With FRA
Investors most often compare FRA with TRFK, BLW, JPM. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare FRA with Any Fund or Stock
Compare FRA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FRA with funds that move differently
BlackRock Floating Rate Income Strategies Fund Inc alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FRA.
Explore FRA Diversifiers