FRA vs. BOXX
Compare and contrast key facts about BlackRock Floating Rate Income Strategies Fund Inc (FRA) and Alpha Architect 1-3 Month Box ETF (BOXX).
FRA is managed by BlackRock. It was launched on Oct 29, 2003. BOXX is a passively managed fund by Alpha Architect that tracks the performance of the Solactive 1-3 Month US T-Bill Index. It was launched on Dec 27, 2022.
Performance
FRA vs. BOXX - Performance Comparison
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FRA vs. BOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FRA BlackRock Floating Rate Income Strategies Fund Inc | -3.56% | -3.75% | 21.56% | 25.46% | 0.54% |
BOXX Alpha Architect 1-3 Month Box ETF | 0.96% | 4.37% | 5.16% | 5.04% | 0.07% |
Returns By Period
In the year-to-date period, FRA achieves a -3.56% return, which is significantly lower than BOXX's 0.96% return.
FRA
- 1D
- -0.18%
- 1M
- -0.49%
- YTD
- -3.56%
- 6M
- -9.70%
- 1Y
- -3.61%
- 3Y*
- 9.99%
- 5Y*
- 6.48%
- 10Y*
- 6.59%
BOXX
- 1D
- -0.07%
- 1M
- 0.32%
- YTD
- 0.96%
- 6M
- 2.05%
- 1Y
- 4.22%
- 3Y*
- 4.80%
- 5Y*
- —
- 10Y*
- —
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FRA vs. BOXX - Expense Ratio Comparison
FRA has a 2.17% expense ratio, which is higher than BOXX's 0.19% expense ratio.
Return for Risk
FRA vs. BOXX — Risk / Return Rank
FRA
BOXX
FRA vs. BOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Strategies Fund Inc (FRA) and Alpha Architect 1-3 Month Box ETF (BOXX). 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 | BOXX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.25 | 12.86 | -13.11 |
Sortino ratioReturn per unit of downside risk | -0.24 | 36.75 | -36.99 |
Omega ratioGain probability vs. loss probability | 0.96 | 9.21 | -8.25 |
Calmar ratioReturn relative to maximum drawdown | -0.26 | 61.54 | -61.80 |
Martin ratioReturn relative to average drawdown | -0.62 | 571.35 | -571.97 |
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 | BOXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 12.86 | -13.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 12.97 | -12.65 |
Correlation
The correlation between FRA and BOXX is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
FRA vs. BOXX - Dividend Comparison
FRA's dividend yield for the trailing twelve months is around 13.51%, while BOXX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRA BlackRock Floating Rate Income Strategies Fund Inc | 13.51% | 12.62% | 10.81% | 10.44% | 6.88% | 5.96% | 7.61% | 6.44% | 6.90% | 5.31% | 5.65% | 6.17% |
BOXX Alpha Architect 1-3 Month Box ETF | 0.00% | 0.00% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FRA vs. BOXX - Drawdown Comparison
The maximum FRA drawdown since its inception was -51.43%, which is greater than BOXX's maximum drawdown of -0.12%. Use the drawdown chart below to compare losses from any high point for FRA and BOXX.
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Drawdown Indicators
| FRA | BOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.43% | -0.12% | -51.31% |
Max Drawdown (1Y)Largest decline over 1 year | -15.47% | -0.07% | -15.40% |
Max Drawdown (5Y)Largest decline over 5 years | -18.77% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.80% | — | — |
Current DrawdownCurrent decline from peak | -11.78% | -0.07% | -11.71% |
Average DrawdownAverage peak-to-trough decline | -7.19% | 0.00% | -7.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.45% | 0.01% | +6.44% |
Volatility
FRA vs. BOXX - Volatility Comparison
BlackRock Floating Rate Income Strategies Fund Inc (FRA) has a higher volatility of 5.64% compared to Alpha Architect 1-3 Month Box ETF (BOXX) at 0.15%. This indicates that FRA's price experiences larger fluctuations and is considered to be riskier than BOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRA | BOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 0.15% | +5.49% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 0.25% | +7.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.30% | 0.33% | +13.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 0.37% | +12.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.48% | 0.37% | +15.11% |