FRA vs. ^GSPC
Compare and contrast key facts about BlackRock Floating Rate Income Strategies Fund Inc (FRA) and S&P 500 (^GSPC).
FRA is managed by Blackrock. It was launched on Oct 29, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRA or ^GSPC.
Correlation
The correlation between FRA and ^GSPC is 0.33, 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
FRA vs. ^GSPC - Performance Comparison
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Key characteristics
FRA:
0.45
^GSPC:
0.61
FRA:
0.67
^GSPC:
1.03
FRA:
1.11
^GSPC:
1.15
FRA:
0.37
^GSPC:
0.67
FRA:
1.27
^GSPC:
2.57
FRA:
5.50%
^GSPC:
4.93%
FRA:
15.35%
^GSPC:
19.67%
FRA:
-51.42%
^GSPC:
-56.78%
FRA:
-8.34%
^GSPC:
-4.88%
Returns By Period
In the year-to-date period, FRA achieves a -4.68% return, which is significantly lower than ^GSPC's -0.64% return. Over the past 10 years, FRA has underperformed ^GSPC with an annualized return of 6.83%, while ^GSPC has yielded a comparatively higher 10.70% annualized return.
FRA
-4.68%
5.11%
-5.05%
6.61%
12.88%
6.83%
^GSPC
-0.64%
8.97%
-2.52%
11.90%
15.34%
10.70%
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Risk-Adjusted Performance
FRA vs. ^GSPC — Risk-Adjusted Performance Rank
FRA
^GSPC
FRA vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Strategies Fund Inc (FRA) and S&P 500 (^GSPC). 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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Drawdowns
FRA vs. ^GSPC - Drawdown Comparison
The maximum FRA drawdown since its inception was -51.42%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FRA and ^GSPC. For additional features, visit the drawdowns tool.
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Volatility
FRA vs. ^GSPC - Volatility Comparison
The current volatility for BlackRock Floating Rate Income Strategies Fund Inc (FRA) is 3.69%, while S&P 500 (^GSPC) has a volatility of 6.29%. This indicates that FRA experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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