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
Key characteristics
FRA:
1.69
^GSPC:
1.90
FRA:
2.22
^GSPC:
2.54
FRA:
1.32
^GSPC:
1.35
FRA:
2.36
^GSPC:
2.87
FRA:
9.15
^GSPC:
11.84
FRA:
2.09%
^GSPC:
2.06%
FRA:
11.33%
^GSPC:
12.86%
FRA:
-51.42%
^GSPC:
-56.78%
FRA:
-8.11%
^GSPC:
-2.30%
Returns By Period
In the year-to-date period, FRA achieves a -4.44% return, which is significantly lower than ^GSPC's 1.16% return. Over the past 10 years, FRA has underperformed ^GSPC with an annualized return of 7.45%, while ^GSPC has yielded a comparatively higher 11.44% annualized return.
FRA
-4.44%
-8.11%
2.04%
18.68%
8.33%
7.45%
^GSPC
1.16%
-2.04%
6.47%
24.84%
12.36%
11.44%
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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.
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.
Volatility
FRA vs. ^GSPC - Volatility Comparison
The current volatility for BlackRock Floating Rate Income Strategies Fund Inc (FRA) is 3.95%, while S&P 500 (^GSPC) has a volatility of 4.97%. 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.