FRA vs. ASFYX
Compare and contrast key facts about BlackRock Floating Rate Income Strategies Fund Inc (FRA) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX).
FRA is managed by BlackRock. It was launched on Oct 29, 2003. ASFYX is managed by BlackRock. It was launched on Jul 30, 2010.
Performance
FRA vs. ASFYX - Performance Comparison
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FRA vs. ASFYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRA BlackRock Floating Rate Income Strategies Fund Inc | -3.38% | -3.75% | 21.56% | 25.46% | -10.59% | 17.81% | -2.38% | 20.82% | -8.27% | 0.76% |
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | 6.59% | -9.67% | -3.22% | -10.33% | 35.67% | 3.52% | 13.59% | 8.99% | -12.59% | 6.78% |
Returns By Period
In the year-to-date period, FRA achieves a -3.38% return, which is significantly lower than ASFYX's 6.59% return. Over the past 10 years, FRA has outperformed ASFYX with an annualized return of 6.61%, while ASFYX has yielded a comparatively lower 1.87% annualized return.
FRA
- 1D
- 3.86%
- 1M
- -0.13%
- YTD
- -3.38%
- 6M
- -9.61%
- 1Y
- -3.81%
- 3Y*
- 10.06%
- 5Y*
- 6.51%
- 10Y*
- 6.61%
ASFYX
- 1D
- 0.00%
- 1M
- -1.55%
- YTD
- 6.59%
- 6M
- 10.95%
- 1Y
- 3.41%
- 3Y*
- -2.89%
- 5Y*
- 2.30%
- 10Y*
- 1.87%
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FRA vs. ASFYX - Expense Ratio Comparison
FRA has a 2.17% expense ratio, which is higher than ASFYX's 1.47% expense ratio.
Return for Risk
FRA vs. ASFYX — Risk / Return Rank
FRA
ASFYX
FRA vs. ASFYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Strategies Fund Inc (FRA) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX). 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.
| FRA | ASFYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.27 | 0.18 | -0.44 |
Sortino ratioReturn per unit of downside risk | -0.26 | 0.30 | -0.56 |
Omega ratioGain probability vs. loss probability | 0.96 | 1.04 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | -0.23 | 0.10 | -0.33 |
Martin ratioReturn relative to average drawdown | -0.55 | 0.16 | -0.71 |
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
| FRA | ASFYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.27 | 0.18 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.17 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.15 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.31 | 0.00 |
Correlation
The correlation between FRA and ASFYX is 0.03, 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
FRA vs. ASFYX - Dividend Comparison
FRA's dividend yield for the trailing twelve months is around 13.49%, more than ASFYX's 1.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRA BlackRock Floating Rate Income Strategies Fund Inc | 13.49% | 12.62% | 10.81% | 10.44% | 6.88% | 5.96% | 7.61% | 6.44% | 6.90% | 5.31% | 5.65% | 6.17% |
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | 1.43% | 1.52% | 1.46% | 0.99% | 32.48% | 6.07% | 3.40% | 5.51% | 1.30% | 0.07% | 0.01% | 5.06% |
Drawdowns
FRA vs. ASFYX - Drawdown Comparison
The maximum FRA drawdown since its inception was -51.43%, which is greater than ASFYX's maximum drawdown of -36.43%. Use the drawdown chart below to compare losses from any high point for FRA and ASFYX.
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Drawdown Indicators
| FRA | ASFYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.43% | -36.43% | -15.00% |
Max Drawdown (1Y)Largest decline over 1 year | -15.47% | -13.51% | -1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -18.77% | -36.43% | +17.66% |
Max Drawdown (10Y)Largest decline over 10 years | -42.80% | -36.43% | -6.37% |
Current DrawdownCurrent decline from peak | -11.62% | -24.37% | +12.75% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -13.09% | +5.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.44% | 8.72% | -2.28% |
Volatility
FRA vs. ASFYX - Volatility Comparison
BlackRock Floating Rate Income Strategies Fund Inc (FRA) has a higher volatility of 5.65% compared to AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) at 3.86%. This indicates that FRA's price experiences larger fluctuations and is considered to be riskier than ASFYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRA | ASFYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.65% | 3.86% | +1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 10.01% | -1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.30% | 13.02% | +1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 13.68% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 12.68% | +2.81% |