FRA vs. BLW
Compare and contrast key facts about BlackRock Floating Rate Income Strategies Fund Inc (FRA) and BlackRock Limited Duration Income Trust (BLW).
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 BLW.
Key characteristics
| FRA | BLW | |
|---|---|---|
| YTD Return | 21.88% | 10.00% |
| 1Y Return | 30.27% | 20.74% |
| 3Y Return (Ann) | 10.88% | 2.38% |
| 5Y Return (Ann) | 10.81% | 6.32% |
| 10Y Return (Ann) | 7.74% | 6.94% |
| Sharpe Ratio | 2.84 | 2.32 |
| Sortino Ratio | 3.58 | 3.50 |
| Omega Ratio | 1.55 | 1.46 |
| Calmar Ratio | 4.26 | 1.86 |
| Martin Ratio | 18.64 | 15.71 |
| Ulcer Index | 1.66% | 1.32% |
| Daily Std Dev | 10.92% | 8.93% |
| Max Drawdown | -51.60% | -44.99% |
| Current Drawdown | -1.20% | -1.66% |
Correlation
The correlation between FRA and BLW is 0.39, 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. BLW - Performance Comparison
In the year-to-date period, FRA achieves a 21.88% return, which is significantly higher than BLW's 10.00% return. Over the past 10 years, FRA has outperformed BLW with an annualized return of 7.74%, while BLW has yielded a comparatively lower 6.94% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
FRA vs. BLW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Strategies Fund Inc (FRA) and BlackRock Limited Duration Income Trust (BLW). 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.
Dividends
FRA vs. BLW - Dividend Comparison
FRA's dividend yield for the trailing twelve months is around 10.56%, more than BLW's 9.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRA BlackRock Floating Rate Income Strategies Fund Inc | 9.72% | 10.44% | 6.89% | 5.99% | 7.63% | 6.48% | 6.92% | 5.31% | 5.65% | 6.15% | 6.23% | 6.37% |
BLW BlackRock Limited Duration Income Trust | 8.50% | 8.63% | 8.25% | 6.98% | 7.39% | 6.30% | 7.18% | 6.26% | 9.68% | 8.29% | 8.28% | 7.48% |
Drawdowns
FRA vs. BLW - Drawdown Comparison
The maximum FRA drawdown since its inception was -51.60%, which is greater than BLW's maximum drawdown of -44.99%. Use the drawdown chart below to compare losses from any high point for FRA and BLW. For additional features, visit the drawdowns tool.
Volatility
FRA vs. BLW - Volatility Comparison
BlackRock Floating Rate Income Strategies Fund Inc (FRA) has a higher volatility of 3.32% compared to BlackRock Limited Duration Income Trust (BLW) at 2.83%. This indicates that FRA's price experiences larger fluctuations and is considered to be riskier than BLW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.