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 0.32, 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:
1.16
^GSPC:
1.62
FRA:
1.56
^GSPC:
2.20
FRA:
1.22
^GSPC:
1.30
FRA:
1.53
^GSPC:
2.46
FRA:
4.12
^GSPC:
10.01
FRA:
3.19%
^GSPC:
2.08%
FRA:
11.40%
^GSPC:
12.88%
FRA:
-51.42%
^GSPC:
-56.78%
FRA:
-7.65%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, FRA achieves a -3.95% return, which is significantly lower than ^GSPC's 2.24% return. Over the past 10 years, FRA has underperformed ^GSPC with an annualized return of 6.98%, while ^GSPC has yielded a comparatively higher 11.04% annualized return.
FRA
-3.95%
0.33%
5.65%
13.77%
8.37%
6.98%
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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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 2.51%, while S&P 500 (^GSPC) has a volatility of 3.43%. 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.