FRA vs. EFT
FRA (BlackRock Floating Rate Income Strategies Fund Inc) is Bank Loan fund managed by BlackRock, while EFT (Eaton Vance Floating-Rate Income Trust) is a stock. Over the past 10 years, FRA returned 6.34%/yr vs 5.19%/yr for EFT. Their 0.53 correlation means they have sometimes moved together and sometimes differently.
Performance
FRA vs. EFT - Performance Comparison
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Returns By Period
In the year-to-date period, FRA achieves a -0.58% return, which is significantly higher than EFT's -1.58% return. Over the past 10 years, FRA has outperformed EFT with an annualized return of 6.34%, while EFT has yielded a comparatively lower 5.19% 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%
EFT
- 1D
- 0.47%
- 1M
- -0.32%
- 6M
- -2.53%
- YTD
- -1.58%
- 1Y
- -5.34%
- 3Y*
- 5.54%
- 5Y*
- 2.96%
- 10Y*
- 5.19%
- ALL TIME*
- 4.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $756.55K | $613.03K | $760.70K | |
| $1.48M | $1.59M | $1.48M |
FRA vs. EFT - 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% |
EFT Eaton Vance Floating-Rate Income Trust | -1.58% | -3.77% | 13.17% | 27.14% | -19.69% | 21.00% | 2.41% | 16.85% | -6.14% | 1.63% |
Correlation
The correlation between FRA and EFT is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2004 | 0.53 |
The correlation between FRA and EFT has been stable across timeframes, ranging from 0.51 to 0.55 - a consistent structural relationship.
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Return for Risk
FRA vs. EFT — Risk / Return Rank
FRA
EFT
FRA vs. EFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Strategies Fund Inc (FRA) and Eaton Vance Floating-Rate Income Trust (EFT). 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 | EFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.90 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | -0.52 | +0.08 |
| Martin ratioReturn relative to average drawdown | -0.81 | -1.18 | +0.38 |
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Drawdowns
FRA vs. EFT - Drawdown Comparison
The maximum FRA drawdown since its inception was -51.43%, smaller than the maximum EFT drawdown of -60.58%. Use the drawdown chart below to compare losses from any high point for FRA and EFT.
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Drawdown Indicators
| FRA | EFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.43% | -60.58% | +9.15% |
Max Drawdown (1Y)Largest decline over 1 year | -15.47% | -10.32% | -5.15% |
Max Drawdown (3Y)Largest decline over 3 years | -18.77% | -17.49% | -1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -18.77% | -24.98% | +6.21% |
Max Drawdown (10Y)Largest decline over 10 years | -42.80% | -45.51% | +2.71% |
Current DrawdownCurrent decline from peak | -9.05% | -10.33% | +1.28% |
Average DrawdownAverage peak-to-trough decline | -7.23% | -8.82% | +1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.46% | 4.72% | +3.74% |
Volatility
FRA vs. EFT - Volatility Comparison
BlackRock Floating Rate Income Strategies Fund Inc (FRA) has a higher volatility of 1.89% compared to Eaton Vance Floating-Rate Income Trust (EFT) at 1.45%. This indicates that FRA's price experiences larger fluctuations and is considered to be riskier than EFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRA | EFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.89% | 1.45% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 7.98% | 7.15% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.07% | 8.66% | +1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.85% | 12.72% | +0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.52% | 15.72% | -0.20% |
Dividends
FRA vs. EFT - Dividend Comparison
FRA's dividend yield for the trailing twelve months is around 13.71%, more than EFT's 8.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFT Eaton Vance Floating-Rate Income Trust | 8.87% | 9.55% | 10.52% | 11.09% | 9.81% | 5.24% | 5.88% | 7.41% | 6.77% | 5.73% | 5.54% | 6.57% |
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 EFT have a correlation of 0.55, 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 EFT (1.45%). In terms of maximum drawdown, FRA dropped -51.43% vs EFT's -60.58%.
EFT currently has the higher Sharpe Ratio (-0.62 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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