FRA vs. MADVX
Compare and contrast key facts about BlackRock Floating Rate Income Strategies Fund Inc (FRA) and BlackRock Equity Dividend Fund (MADVX).
FRA is managed by Blackrock. It was launched on Oct 29, 2003. MADVX is managed by Blackrock. It was launched on Nov 29, 1988.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRA or MADVX.
Key characteristics
| FRA | MADVX | |
|---|---|---|
| YTD Return | 21.88% | 14.88% |
| 1Y Return | 30.27% | 25.18% |
| 3Y Return (Ann) | 10.88% | 7.19% |
| 5Y Return (Ann) | 10.81% | 10.11% |
| 10Y Return (Ann) | 7.74% | 8.11% |
| Sharpe Ratio | 2.84 | 2.56 |
| Sortino Ratio | 3.58 | 3.59 |
| Omega Ratio | 1.55 | 1.47 |
| Calmar Ratio | 4.26 | 4.10 |
| Martin Ratio | 18.64 | 16.19 |
| Ulcer Index | 1.66% | 1.56% |
| Daily Std Dev | 10.92% | 9.88% |
| Max Drawdown | -51.60% | -50.00% |
| Current Drawdown | -1.20% | -0.95% |
Correlation
The correlation between FRA and MADVX is 0.33, 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. MADVX - Performance Comparison
In the year-to-date period, FRA achieves a 21.88% return, which is significantly higher than MADVX's 14.88% return. Both investments have delivered pretty close results over the past 10 years, with FRA having a 7.74% annualized return and MADVX not far ahead at 8.11%. 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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FRA vs. MADVX - Expense Ratio Comparison
FRA has a 2.17% expense ratio, which is higher than MADVX's 0.68% expense ratio.
Risk-Adjusted Performance
FRA vs. MADVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Strategies Fund Inc (FRA) and BlackRock Equity Dividend Fund (MADVX). 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. MADVX - Dividend Comparison
FRA's dividend yield for the trailing twelve months is around 10.56%, more than MADVX's 2.34% 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% |
MADVX BlackRock Equity Dividend Fund | 2.34% | 2.14% | 1.76% | 1.47% | 1.86% | 1.96% | 2.33% | 1.77% | 1.95% | 2.30% | 1.96% | 1.86% |
Drawdowns
FRA vs. MADVX - Drawdown Comparison
The maximum FRA drawdown since its inception was -51.60%, roughly equal to the maximum MADVX drawdown of -50.00%. Use the drawdown chart below to compare losses from any high point for FRA and MADVX. For additional features, visit the drawdowns tool.
Volatility
FRA vs. MADVX - Volatility Comparison
BlackRock Floating Rate Income Strategies Fund Inc (FRA) and BlackRock Equity Dividend Fund (MADVX) have volatilities of 3.32% and 3.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.