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BlackRock Floating Rate Income Strategies Fund Inc (FRA) Sharpe Ratio: -0.18

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) aims to provide investors with high current income and capital preservation by primarily investing in floating rate debt securities, including those that are below investment grade, either directly or through derivatives.

FRA's Sharpe Ratio of -0.18 indicates that for each unit of volatility, it generates -0.18 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

FRA Sharpe Ratio Rank

FRA Sharpe Ratio Rank: 1.92
Concerning

FRA ranks above 1.9% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

FRA Sharpe Ratio Market Positioning

The chart shows FRA's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.42 or lower
  • Yellow zone (middle 50%): 1.42 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 4.64+
  • Median: 2.09 — half of all investments score higher

How it compares to other similar mutual funds

The table compares BlackRock Floating Rate Income Strategies Fund Inc's Sharpe Ratio with other mutual funds in the Bank Loan category across multiple time periods, showing how FRA's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
RCRIXRiverPark Floating Rate CMBS Fund6.73
PYFRXPayden Floating Rate Fund5.34
CAPIXCalamos Aksia Alternative Credit and Income Fund Class I4.53
DFLYXBNY Mellon Floating Rate Income Fund3.77
DAFRXDunham Floating Rate Bond Fund3.07
SAMBXVirtus Seix Floating Rate High Income Fund3.06
SFHIXShenkman Capital Floating Rate High Income Fund2.99
DDFLXDelaware Floating Rate Fund2.77
FRFZXPGIM Floating Rate Income Fund2.69
LFRAXLord Abbett Floating Rate Fund Class A2.68
FRABlackRock Floating Rate Income Strategies Fund Inc-0.18

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows FRA's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when FRA consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does FRA fit in your portfolio?

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