FRA vs. PFFA
Compare and contrast key facts about BlackRock Floating Rate Income Strategies Fund Inc (FRA) and Virtus InfraCap U.S. Preferred Stock ETF (PFFA).
FRA is managed by Blackrock. It was launched on Oct 29, 2003. PFFA is an actively managed fund by Virtus Investment Partners. It was launched on May 15, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRA or PFFA.
Key characteristics
| FRA | PFFA | |
|---|---|---|
| YTD Return | 21.88% | 18.74% |
| 1Y Return | 30.27% | 32.66% |
| 3Y Return (Ann) | 10.88% | 6.44% |
| 5Y Return (Ann) | 10.81% | 6.71% |
| Sharpe Ratio | 2.84 | 3.75 |
| Sortino Ratio | 3.58 | 5.21 |
| Omega Ratio | 1.55 | 1.77 |
| Calmar Ratio | 4.26 | 3.14 |
| Martin Ratio | 18.64 | 31.34 |
| Ulcer Index | 1.66% | 1.05% |
| Daily Std Dev | 10.92% | 8.77% |
| Max Drawdown | -51.60% | -70.52% |
| Current Drawdown | -1.20% | -1.40% |
Correlation
The correlation between FRA and PFFA is 0.37, 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. PFFA - Performance Comparison
In the year-to-date period, FRA achieves a 21.88% return, which is significantly higher than PFFA's 18.74% 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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FRA vs. PFFA - Expense Ratio Comparison
FRA has a 2.17% expense ratio, which is higher than PFFA's 1.47% expense ratio.
Risk-Adjusted Performance
FRA vs. PFFA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Strategies Fund Inc (FRA) and Virtus InfraCap U.S. Preferred Stock ETF (PFFA). 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. PFFA - Dividend Comparison
FRA's dividend yield for the trailing twelve months is around 10.56%, more than PFFA's 8.84% 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% |
PFFA Virtus InfraCap U.S. Preferred Stock ETF | 8.84% | 9.56% | 10.78% | 7.64% | 8.54% | 10.02% | 5.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FRA vs. PFFA - Drawdown Comparison
The maximum FRA drawdown since its inception was -51.60%, smaller than the maximum PFFA drawdown of -70.52%. Use the drawdown chart below to compare losses from any high point for FRA and PFFA. For additional features, visit the drawdowns tool.
Volatility
FRA vs. PFFA - Volatility Comparison
BlackRock Floating Rate Income Strategies Fund Inc (FRA) has a higher volatility of 3.32% compared to Virtus InfraCap U.S. Preferred Stock ETF (PFFA) at 2.29%. This indicates that FRA's price experiences larger fluctuations and is considered to be riskier than PFFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.