FRA vs. JPM
Compare and contrast key facts about BlackRock Floating Rate Income Strategies Fund Inc (FRA) and JPMorgan Chase & Co. (JPM).
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 JPM.
Key characteristics
| FRA | JPM | |
|---|---|---|
| YTD Return | 21.88% | 44.20% |
| 1Y Return | 30.27% | 68.25% |
| 3Y Return (Ann) | 10.88% | 16.09% |
| 5Y Return (Ann) | 10.81% | 16.63% |
| 10Y Return (Ann) | 7.74% | 18.06% |
| Sharpe Ratio | 2.84 | 2.93 |
| Sortino Ratio | 3.58 | 3.74 |
| Omega Ratio | 1.55 | 1.59 |
| Calmar Ratio | 4.26 | 6.66 |
| Martin Ratio | 18.64 | 20.31 |
| Ulcer Index | 1.66% | 3.32% |
| Daily Std Dev | 10.92% | 23.01% |
| Max Drawdown | -51.60% | -74.02% |
| Current Drawdown | -1.20% | -3.04% |
Correlation
The correlation between FRA and JPM is 0.26, 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. JPM - Performance Comparison
In the year-to-date period, FRA achieves a 21.88% return, which is significantly lower than JPM's 44.20% return. Over the past 10 years, FRA has underperformed JPM with an annualized return of 7.74%, while JPM has yielded a comparatively higher 18.06% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
FRA vs. JPM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Strategies Fund Inc (FRA) and JPMorgan Chase & Co. (JPM). 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. JPM - Dividend Comparison
FRA's dividend yield for the trailing twelve months is around 10.56%, more than JPM's 1.92% 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% |
JPM JPMorgan Chase & Co. | 1.92% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% | 2.49% | 2.33% |
Drawdowns
FRA vs. JPM - Drawdown Comparison
The maximum FRA drawdown since its inception was -51.60%, smaller than the maximum JPM drawdown of -74.02%. Use the drawdown chart below to compare losses from any high point for FRA and JPM. For additional features, visit the drawdowns tool.
Volatility
FRA vs. JPM - Volatility Comparison
The current volatility for BlackRock Floating Rate Income Strategies Fund Inc (FRA) is 3.32%, while JPMorgan Chase & Co. (JPM) has a volatility of 12.51%. This indicates that FRA experiences smaller price fluctuations and is considered to be less risky than JPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.