FRA vs. FLOTX
FRA (BlackRock Floating Rate Income Strategies Fund Inc) and FLOTX (Donoghue Forlines Risk Managed Income Fund) are both Bank Loan funds. Over the past 5 years, FRA returned 6.55%/yr vs 2.69%/yr for FLOTX. At a 0.26 correlation, their price movements are largely independent. FRA charges 2.17%/yr vs 1.07%/yr for FLOTX.
Performance
FRA vs. FLOTX - Performance Comparison
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Returns By Period
In the year-to-date period, FRA achieves a -1.25% return, which is significantly lower than FLOTX's -0.55% return.
FRA
- 1D
- 0.37%
- 1M
- -0.32%
- YTD
- -1.25%
- 6M
- -0.58%
- 1Y
- -4.46%
- 3Y*
- 8.76%
- 5Y*
- 6.55%
- 10Y*
- 6.60%
FLOTX
- 1D
- 0.00%
- 1M
- 0.33%
- YTD
- -0.55%
- 6M
- -0.45%
- 1Y
- 2.89%
- 3Y*
- 4.87%
- 5Y*
- 2.69%
- 10Y*
- —
FRA vs. FLOTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FRA BlackRock Floating Rate Income Strategies Fund Inc | -1.25% | -3.75% | 21.56% | 25.46% | -10.59% | 17.81% | -2.38% | 20.82% | -13.97% |
FLOTX Donoghue Forlines Risk Managed Income Fund | -0.55% | 2.47% | 6.76% | 8.28% | -3.59% | 2.45% | 3.95% | 3.51% | 1.96% |
Correlation
The correlation between FRA and FLOTX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2018 | 0.26 |
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Return for Risk
FRA vs. FLOTX — Risk / Return Rank
FRA
FLOTX
FRA vs. FLOTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Strategies Fund Inc (FRA) and Donoghue Forlines Risk Managed Income Fund (FLOTX). 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 | FLOTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.25 | ||
| Sortino ratioReturn per unit of downside risk | -3.19 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.40 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 1.28 | -1.57 |
| Martin ratioReturn relative to average drawdown | -0.57 | 3.31 | -3.88 |
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Drawdowns
FRA vs. FLOTX - Drawdown Comparison
The maximum FRA drawdown since its inception was -51.43%, which is greater than FLOTX's maximum drawdown of -4.40%. Use the drawdown chart below to compare losses from any high point for FRA and FLOTX.
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Drawdown Indicators
| FRA | FLOTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.43% | -4.40% | -47.03% |
Max Drawdown (1Y)Largest decline over 1 year | -15.47% | -2.36% | -13.11% |
Max Drawdown (3Y)Largest decline over 3 years | -18.77% | -3.34% | -15.43% |
Max Drawdown (5Y)Largest decline over 5 years | -18.77% | -4.40% | -14.37% |
Max Drawdown (10Y)Largest decline over 10 years | -42.80% | — | — |
Current DrawdownCurrent decline from peak | -9.67% | -0.97% | -8.70% |
Average DrawdownAverage peak-to-trough decline | -7.22% | -1.03% | -6.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.83% | 0.91% | +6.92% |
Volatility
FRA vs. FLOTX - Volatility Comparison
BlackRock Floating Rate Income Strategies Fund Inc (FRA) has a higher volatility of 2.22% compared to Donoghue Forlines Risk Managed Income Fund (FLOTX) at 0.48%. This indicates that FRA's price experiences larger fluctuations and is considered to be riskier than FLOTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRA | FLOTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.22% | 0.48% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 8.17% | 1.35% | +6.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.96% | 1.68% | +8.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.90% | 2.69% | +10.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.53% | 2.45% | +13.08% |
FRA vs. FLOTX - Expense Ratio Comparison
FRA has a 2.17% expense ratio, which is higher than FLOTX's 1.07% expense ratio.
Dividends
FRA vs. FLOTX - Dividend Comparison
FRA's dividend yield for the trailing twelve months is around 13.65%, more than FLOTX's 6.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLOTX Donoghue Forlines Risk Managed Income Fund | 6.80% | 5.79% | 7.15% | 7.16% | 1.56% | 2.13% | 2.42% | 3.78% | 3.20% | 0.00% | 0.00% | 0.00% |
FRA BlackRock Floating Rate Income Strategies Fund Inc | 13.65% | 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 FLOTX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRA has higher volatility (2.22%) compared to FLOTX (0.48%). In terms of maximum drawdown, FRA dropped -51.43% vs FLOTX's -4.40%.
FLOTX currently has the higher Sharpe Ratio (1.80 vs -0.45), 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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