FRA vs. BRHYX
FRA (BlackRock Floating Rate Income Strategies Fund Inc) and BRHYX (BlackRock High Yield K) are both mutual funds - FRA is a Bank Loan fund managed by BlackRock, while BRHYX is a High Yield Bonds fund managed by BlackRock. Over the past 10 years, FRA returned 6.34%/yr vs 5.68%/yr for BRHYX. Their 0.29 correlation means their historical movements had little consistent relationship. FRA charges 2.17%/yr vs 0.48%/yr for BRHYX.
Performance
FRA vs. BRHYX - 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 BRHYX's 1.22% return. Over the past 10 years, FRA has outperformed BRHYX with an annualized return of 6.34%, while BRHYX has yielded a comparatively lower 5.68% 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%
BRHYX
- 1D
- 0.00%
- 1M
- -0.84%
- 6M
- 0.65%
- YTD
- 1.22%
- 1Y
- 5.26%
- 3Y*
- 8.65%
- 5Y*
- 4.12%
- 10Y*
- 5.68%
- ALL TIME*
- 6.74%
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. BRHYX - 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% |
BRHYX BlackRock High Yield K | 1.22% | 9.44% | 8.65% | 13.26% | -11.18% | 5.47% | 5.98% | 15.65% | -2.67% | 8.34% |
Correlation
The correlation between FRA and BRHYX is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2003 | 0.29 |
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Return for Risk
FRA vs. BRHYX — Risk / Return Rank
FRA
BRHYX
FRA vs. BRHYX - 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 High Yield K (BRHYX). 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 | BRHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.12 | ||
| Sortino ratioReturn per unit of downside risk | -3.38 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.31 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 2.08 | -2.52 |
| Martin ratioReturn relative to average drawdown | -0.81 | 9.74 | -10.55 |
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Drawdowns
FRA vs. BRHYX - Drawdown Comparison
The maximum FRA drawdown since its inception was -51.43%, which is greater than BRHYX's maximum drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for FRA and BRHYX.
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Drawdown Indicators
| FRA | BRHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.43% | -34.77% | -16.66% |
Max Drawdown (1Y)Largest decline over 1 year | -15.47% | -2.40% | -13.07% |
Max Drawdown (3Y)Largest decline over 3 years | -18.77% | -4.07% | -14.70% |
Max Drawdown (5Y)Largest decline over 5 years | -18.77% | -15.29% | -3.48% |
Max Drawdown (10Y)Largest decline over 10 years | -42.80% | -23.20% | -19.60% |
Current DrawdownCurrent decline from peak | -9.05% | -0.98% | -8.07% |
Average DrawdownAverage peak-to-trough decline | -7.23% | -2.72% | -4.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.46% | 0.51% | +7.95% |
Volatility
FRA vs. BRHYX - Volatility Comparison
BlackRock Floating Rate Income Strategies Fund Inc (FRA) has a higher volatility of 1.89% compared to BlackRock High Yield K (BRHYX) at 0.70%. This indicates that FRA's price experiences larger fluctuations and is considered to be riskier than BRHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRA | BRHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.89% | 0.70% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.98% | 2.77% | +5.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.07% | 3.51% | +6.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.85% | 5.27% | +7.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.52% | 5.88% | +9.64% |
FRA vs. BRHYX - Expense Ratio Comparison
FRA has a 2.17% expense ratio, which is higher than BRHYX's 0.48% expense ratio.
Dividends
FRA vs. BRHYX - Dividend Comparison
FRA's dividend yield for the trailing twelve months is around 13.71%, more than BRHYX's 6.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRHYX BlackRock High Yield K | 6.62% | 7.14% | 7.56% | 6.20% | 4.98% | 4.80% | 5.22% | 5.82% | 6.48% | 5.92% | 6.03% | 6.42% |
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 BRHYX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRA has higher volatility (1.89%) compared to BRHYX (0.70%). In terms of maximum drawdown, FRA dropped -51.43% vs BRHYX's -34.77%.
BRHYX currently has the higher Sharpe Ratio (1.44 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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