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.
Performance
FRA vs. ^GSPC - Performance Comparison
Returns By Period
In the year-to-date period, FRA achieves a 22.02% return, which is significantly lower than ^GSPC's 25.15% return. Over the past 10 years, FRA has underperformed ^GSPC with an annualized return of 7.85%, while ^GSPC has yielded a comparatively higher 11.18% annualized return.
FRA
22.02%
2.36%
12.12%
30.57%
10.76%
7.85%
^GSPC
25.15%
2.74%
12.53%
30.93%
13.79%
11.18%
Key characteristics
| FRA | ^GSPC | |
|---|---|---|
| Sharpe Ratio | 2.80 | 2.53 |
| Sortino Ratio | 3.54 | 3.39 |
| Omega Ratio | 1.54 | 1.47 |
| Calmar Ratio | 4.20 | 3.65 |
| Martin Ratio | 18.28 | 16.21 |
| Ulcer Index | 1.67% | 1.91% |
| Daily Std Dev | 10.92% | 12.23% |
| Max Drawdown | -51.42% | -56.78% |
| Current Drawdown | -1.09% | -0.53% |
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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.
Risk-Adjusted Performance
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 3.23%, while S&P 500 (^GSPC) has a volatility of 3.97%. 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.