BFRAX vs. WFSPX
Compare and contrast key facts about BlackRock Floating Rate Income Fund (BFRAX) and iShares S&P 500 Index Fund (WFSPX).
BFRAX is managed by BlackRock. It was launched on Nov 2, 1989. WFSPX is a passively managed fund by BlackRock that tracks the performance of the S&P 500 Index. It was launched on Jul 30, 1993.
Performance
BFRAX vs. WFSPX - Performance Comparison
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BFRAX vs. WFSPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BFRAX BlackRock Floating Rate Income Fund | -1.16% | 5.35% | 8.12% | 9.94% | -1.43% | 3.59% | 2.39% | 8.60% | -0.74% | 3.10% |
WFSPX iShares S&P 500 Index Fund | -4.63% | 17.83% | 24.94% | 26.25% | -18.14% | 28.63% | 18.43% | 31.45% | -4.83% | 21.27% |
Returns By Period
In the year-to-date period, BFRAX achieves a -1.16% return, which is significantly higher than WFSPX's -4.63% return. Over the past 10 years, BFRAX has underperformed WFSPX with an annualized return of 4.35%, while WFSPX has yielded a comparatively higher 13.92% annualized return.
BFRAX
- 1D
- 0.11%
- 1M
- 0.21%
- YTD
- -1.16%
- 6M
- 0.13%
- 1Y
- 4.08%
- 3Y*
- 6.28%
- 5Y*
- 4.55%
- 10Y*
- 4.35%
WFSPX
- 1D
- 2.62%
- 1M
- -5.31%
- YTD
- -4.63%
- 6M
- -2.47%
- 1Y
- 16.96%
- 3Y*
- 18.15%
- 5Y*
- 11.69%
- 10Y*
- 13.92%
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BFRAX vs. WFSPX - Expense Ratio Comparison
BFRAX has a 0.90% expense ratio, which is higher than WFSPX's 0.03% expense ratio.
Return for Risk
BFRAX vs. WFSPX — Risk / Return Rank
BFRAX
WFSPX
BFRAX vs. WFSPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Fund (BFRAX) and iShares S&P 500 Index Fund (WFSPX). 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.
| BFRAX | WFSPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 0.96 | +0.42 |
Sortino ratioReturn per unit of downside risk | 2.00 | 1.47 | +0.53 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.22 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.00 | 1.49 | +0.51 |
Martin ratioReturn relative to average drawdown | 7.22 | 7.15 | +0.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BFRAX | WFSPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 0.96 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.65 | 0.70 | +0.96 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.11 | 0.78 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.13 | +0.23 |
Correlation
The correlation between BFRAX and WFSPX is 0.17, 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.
Dividends
BFRAX vs. WFSPX - Dividend Comparison
BFRAX's dividend yield for the trailing twelve months is around 6.13%, more than WFSPX's 1.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFRAX BlackRock Floating Rate Income Fund | 6.13% | 6.68% | 8.00% | 6.24% | 4.09% | 2.91% | 3.81% | 4.65% | 4.58% | 3.45% | 3.90% | 4.02% |
WFSPX iShares S&P 500 Index Fund | 1.54% | 1.72% | 1.41% | 1.50% | 2.02% | 1.82% | 1.66% | 1.99% | 2.00% | 1.62% | 2.37% | 2.49% |
Drawdowns
BFRAX vs. WFSPX - Drawdown Comparison
The maximum BFRAX drawdown since its inception was -44.69%, smaller than the maximum WFSPX drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for BFRAX and WFSPX.
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Drawdown Indicators
| BFRAX | WFSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.69% | -58.21% | +13.52% |
Max Drawdown (1Y)Largest decline over 1 year | -2.10% | -12.11% | +10.01% |
Max Drawdown (5Y)Largest decline over 5 years | -6.43% | -24.51% | +18.08% |
Max Drawdown (10Y)Largest decline over 10 years | -20.61% | -33.74% | +13.13% |
Current DrawdownCurrent decline from peak | -1.36% | -6.51% | +5.15% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -12.84% | +6.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 2.53% | -1.92% |
Volatility
BFRAX vs. WFSPX - Volatility Comparison
The current volatility for BlackRock Floating Rate Income Fund (BFRAX) is 0.66%, while iShares S&P 500 Index Fund (WFSPX) has a volatility of 5.17%. This indicates that BFRAX experiences smaller price fluctuations and is considered to be less risky than WFSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BFRAX | WFSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 5.17% | -4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 1.65% | 9.44% | -7.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.98% | 18.21% | -15.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.76% | 16.88% | -14.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.94% | 18.00% | -14.06% |