FRA vs. BGT
Compare and contrast key facts about BlackRock Floating Rate Income Strategies Fund Inc (FRA) and BlackRock Floating Rate Income Trust (BGT).
FRA is managed by BlackRock. It was launched on Oct 29, 2003. BGT is managed by BlackRock. It was launched on Aug 26, 2004.
Performance
FRA vs. BGT - Performance Comparison
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FRA vs. BGT - 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% |
BGT BlackRock Floating Rate Income Trust | -1.91% | -0.84% | 16.12% | 26.29% | -16.57% | 25.89% | -0.81% | 18.97% | -11.95% | 3.91% |
Returns By Period
In the year-to-date period, FRA achieves a -3.38% return, which is significantly lower than BGT's -1.91% return. Both investments have delivered pretty close results over the past 10 years, with FRA having a 6.61% annualized return and BGT not far behind at 6.51%.
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%
BGT
- 1D
- 3.36%
- 1M
- -1.34%
- YTD
- -1.91%
- 6M
- -5.65%
- 1Y
- -2.13%
- 3Y*
- 10.79%
- 5Y*
- 6.72%
- 10Y*
- 6.51%
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FRA vs. BGT - Expense Ratio Comparison
FRA has a 2.17% expense ratio, which is higher than BGT's 1.74% expense ratio.
Return for Risk
FRA vs. BGT — Risk / Return Rank
FRA
BGT
FRA vs. BGT - 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 Floating Rate Income Trust (BGT). 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 | BGT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.27 | -0.14 | -0.13 |
Sortino ratioReturn per unit of downside risk | -0.26 | -0.09 | -0.17 |
Omega ratioGain probability vs. loss probability | 0.96 | 0.99 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | -0.23 | -0.20 | -0.03 |
Martin ratioReturn relative to average drawdown | -0.55 | -0.50 | -0.04 |
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 | BGT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.27 | -0.14 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.50 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.43 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.29 | +0.02 |
Correlation
The correlation between FRA and BGT is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FRA vs. BGT - Dividend Comparison
FRA's dividend yield for the trailing twelve months is around 13.49%, which matches BGT's 13.41% 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% |
BGT BlackRock Floating Rate Income Trust | 13.41% | 12.74% | 11.22% | 10.36% | 6.87% | 5.55% | 7.58% | 6.33% | 6.64% | 5.03% | 5.03% | 6.04% |
Drawdowns
FRA vs. BGT - Drawdown Comparison
The maximum FRA drawdown since its inception was -51.43%, smaller than the maximum BGT drawdown of -58.06%. Use the drawdown chart below to compare losses from any high point for FRA and BGT.
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Drawdown Indicators
| FRA | BGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.43% | -58.06% | +6.63% |
Max Drawdown (1Y)Largest decline over 1 year | -15.47% | -11.76% | -3.71% |
Max Drawdown (5Y)Largest decline over 5 years | -18.77% | -23.19% | +4.42% |
Max Drawdown (10Y)Largest decline over 10 years | -42.80% | -41.90% | -0.90% |
Current DrawdownCurrent decline from peak | -11.62% | -7.89% | -3.73% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -8.14% | +0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.44% | 4.69% | +1.75% |
Volatility
FRA vs. BGT - Volatility Comparison
BlackRock Floating Rate Income Strategies Fund Inc (FRA) has a higher volatility of 5.65% compared to BlackRock Floating Rate Income Trust (BGT) at 4.68%. This indicates that FRA's price experiences larger fluctuations and is considered to be riskier than BGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRA | BGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.65% | 4.68% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 7.45% | +0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.30% | 15.04% | -0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 13.48% | -0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 15.31% | +0.18% |