BFRAX vs. SPHY
Compare and contrast key facts about BlackRock Floating Rate Income Fund (BFRAX) and SPDR Portfolio High Yield Bond ETF (SPHY).
BFRAX is managed by BlackRock. It was launched on Nov 2, 1989. SPHY is a passively managed fund by State Street that tracks the performance of the ICE BofAML US High Yield Index. It was launched on Jun 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BFRAX or SPHY.
Correlation
The correlation between BFRAX and SPHY is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BFRAX vs. SPHY - Performance Comparison
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Key characteristics
BFRAX:
1.98
SPHY:
1.64
BFRAX:
3.46
SPHY:
2.36
BFRAX:
1.70
SPHY:
1.35
BFRAX:
2.16
SPHY:
1.85
BFRAX:
10.70
SPHY:
9.75
BFRAX:
0.56%
SPHY:
0.92%
BFRAX:
2.99%
SPHY:
5.63%
BFRAX:
-20.61%
SPHY:
-21.97%
BFRAX:
0.00%
SPHY:
0.00%
Returns By Period
In the year-to-date period, BFRAX achieves a 1.06% return, which is significantly lower than SPHY's 2.34% return. Over the past 10 years, BFRAX has underperformed SPHY with an annualized return of 4.30%, while SPHY has yielded a comparatively higher 4.72% annualized return.
BFRAX
1.06%
2.71%
2.17%
5.88%
6.96%
4.30%
SPHY
2.34%
3.87%
2.01%
9.13%
6.95%
4.72%
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BFRAX vs. SPHY - Expense Ratio Comparison
BFRAX has a 0.90% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Risk-Adjusted Performance
BFRAX vs. SPHY — Risk-Adjusted Performance Rank
BFRAX
SPHY
BFRAX vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Fund (BFRAX) and SPDR Portfolio High Yield Bond ETF (SPHY). 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.
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Dividends
BFRAX vs. SPHY - Dividend Comparison
BFRAX's dividend yield for the trailing twelve months is around 7.42%, less than SPHY's 7.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFRAX BlackRock Floating Rate Income Fund | 7.42% | 7.98% | 8.26% | 4.85% | 3.15% | 3.73% | 4.63% | 4.52% | 3.79% | 3.91% | 4.02% | 4.17% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.69% | 7.80% | 7.30% | 6.47% | 5.14% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% | 3.98% |
Drawdowns
BFRAX vs. SPHY - Drawdown Comparison
The maximum BFRAX drawdown since its inception was -20.61%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for BFRAX and SPHY. For additional features, visit the drawdowns tool.
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Volatility
BFRAX vs. SPHY - Volatility Comparison
The current volatility for BlackRock Floating Rate Income Fund (BFRAX) is 0.79%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 1.81%. This indicates that BFRAX experiences smaller price fluctuations and is considered to be less risky than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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