FRA vs. BDMIX
FRA (BlackRock Floating Rate Income Strategies Fund Inc) and BDMIX (BlackRock Global Equity Market Neutral Fund Class I) are both mutual funds - FRA is a Bank Loan fund managed by BlackRock, while BDMIX is a Equity Market Neutral fund managed by BlackRock. Over the past 10 years, FRA returned 6.34%/yr vs 8.56%/yr for BDMIX. Their 0.04 correlation means their historical movements had little consistent relationship. FRA charges 2.17%/yr vs 1.34%/yr for BDMIX.
Performance
FRA vs. BDMIX - Performance Comparison
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Returns By Period
In the year-to-date period, FRA achieves a -0.58% return, which is significantly lower than BDMIX's 12.92% return. Over the past 10 years, FRA has underperformed BDMIX with an annualized return of 6.34%, while BDMIX has yielded a comparatively higher 8.56% annualized return.
FRA
- 1D
- 0.18%
- 1M
- 0.41%
- 6M
- -0.75%
- YTD
- -0.58%
- 1Y
- -6.80%
- 3Y*
- 7.37%
- 5Y*
- 6.05%
- 10Y*
- 6.34%
- ALL TIME*
- 5.13%
BDMIX
- 1D
- 0.79%
- 1M
- 2.45%
- 6M
- 10.80%
- YTD
- 12.92%
- 1Y
- 24.55%
- 3Y*
- 20.67%
- 5Y*
- 13.32%
- 10Y*
- 8.56%
- ALL TIME*
- 6.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.48M | $1.59M | $1.48M |
FRA vs. BDMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRA BlackRock Floating Rate Income Strategies Fund Inc | -0.58% | -3.75% | 21.56% | 25.46% | -10.59% | 17.81% | -2.38% | 20.82% | -8.27% | 0.76% |
BDMIX BlackRock Global Equity Market Neutral Fund Class I | 12.92% | 18.30% | 21.39% | 14.55% | 1.80% | 3.34% | 0.29% | -0.85% | 2.20% | 12.85% |
Correlation
The correlation between FRA and BDMIX is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.04 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.04 |
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Return for Risk
FRA vs. BDMIX — Risk / Return Rank
FRA
BDMIX
FRA vs. BDMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Strategies Fund Inc (FRA) and BlackRock Global Equity Market Neutral Fund Class I (BDMIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FRA | BDMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.00 | ||
| Sortino ratioReturn per unit of downside risk | -5.73 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.63 | -0.73 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 7.60 | -8.05 |
| Martin ratioReturn relative to average drawdown | -0.81 | 20.19 | -20.99 |
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Drawdowns
FRA vs. BDMIX - Drawdown Comparison
The maximum FRA drawdown since its inception was -51.43%, which is greater than BDMIX's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for FRA and BDMIX.
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Drawdown Indicators
| FRA | BDMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.43% | -11.89% | -39.54% |
Max Drawdown (1Y)Largest decline over 1 year | -15.47% | -3.24% | -12.23% |
Max Drawdown (3Y)Largest decline over 3 years | -18.77% | -4.07% | -14.70% |
Max Drawdown (5Y)Largest decline over 5 years | -18.77% | -5.23% | -13.54% |
Max Drawdown (10Y)Largest decline over 10 years | -42.80% | -9.44% | -33.36% |
Current DrawdownCurrent decline from peak | -9.05% | -0.28% | -8.77% |
Average DrawdownAverage peak-to-trough decline | -7.23% | -2.67% | -4.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.46% | 1.22% | +7.24% |
Volatility
FRA vs. BDMIX - Volatility Comparison
The current volatility for BlackRock Floating Rate Income Strategies Fund Inc (FRA) is 1.89%, while BlackRock Global Equity Market Neutral Fund Class I (BDMIX) has a volatility of 2.61%. This indicates that FRA experiences smaller price fluctuations and is considered to be less risky than BDMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRA | BDMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.89% | 2.61% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 7.98% | 5.41% | +2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.07% | 7.42% | +2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.85% | 6.68% | +6.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.52% | 5.91% | +9.61% |
FRA vs. BDMIX - Expense Ratio Comparison
FRA has a 2.17% expense ratio, which is higher than BDMIX's 1.34% expense ratio.
Dividends
FRA vs. BDMIX - Dividend Comparison
FRA's dividend yield for the trailing twelve months is around 13.71%, more than BDMIX's 11.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDMIX BlackRock Global Equity Market Neutral Fund Class I | 11.46% | 8.94% | 13.26% | 7.42% | 0.00% | 1.23% | 0.30% | 6.78% | 0.94% | 0.00% | 0.00% | 1.86% |
FRA BlackRock Floating Rate Income Strategies Fund Inc | 13.71% | 12.62% | 10.81% | 10.44% | 6.88% | 5.96% | 7.61% | 6.44% | 6.90% | 5.31% | 5.65% | 6.17% |
Frequently Asked Questions
FRA and BDMIX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDMIX has higher volatility (2.61%) compared to FRA (1.89%). In terms of maximum drawdown, FRA dropped -51.43% vs BDMIX's -11.89%.
BDMIX currently has the higher Sharpe Ratio (3.32 vs -0.68), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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