FRA vs. RCRIX
FRA (BlackRock Floating Rate Income Strategies Fund Inc) and RCRIX (RiverPark Floating Rate CMBS Fund) are both Bank Loan funds. Over the past 5 years, FRA returned 6.42%/yr vs 5.41%/yr for RCRIX. Their 0.06 correlation means their historical movements had little consistent relationship. FRA charges 2.17%/yr vs 0.85%/yr for RCRIX.
Performance
FRA vs. RCRIX - Performance Comparison
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Returns By Period
In the year-to-date period, FRA achieves a -0.76% return, which is significantly lower than RCRIX's 2.66% return.
FRA
- 1D
- 0.19%
- 1M
- 0.22%
- 6M
- -1.61%
- YTD
- -0.76%
- 1Y
- -6.97%
- 3Y*
- 7.56%
- 5Y*
- 6.42%
- 10Y*
- 6.42%
- ALL TIME*
- 5.12%
RCRIX
- 1D
- 0.00%
- 1M
- 0.34%
- 6M
- 2.15%
- YTD
- 2.66%
- 1Y
- 4.81%
- 3Y*
- 7.09%
- 5Y*
- 5.41%
- 10Y*
- —
- ALL TIME*
- 8.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.41M | $1.55M | $1.47M | |
| $0.00 | $0.00 | $0.00 |
FRA vs. RCRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRA BlackRock Floating Rate Income Strategies Fund Inc | -0.76% | -3.75% | 21.56% | 25.46% | -10.59% | 17.81% | -2.38% | 20.82% | -8.27% | 0.20% |
RCRIX RiverPark Floating Rate CMBS Fund | 2.66% | 5.56% | 10.01% | 9.85% | -0.72% | 2.81% | -8.51% | 4.46% | 59.17% | 3.09% |
Correlation
The correlation between FRA and RCRIX is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2017 | 0.06 |
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Return for Risk
FRA vs. RCRIX — Risk / Return Rank
FRA
RCRIX
FRA vs. RCRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Strategies Fund Inc (FRA) and RiverPark Floating Rate CMBS Fund (RCRIX). 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 | RCRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.13 | ||
| Sortino ratioReturn per unit of downside risk | -19.59 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 7.90 | -7.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 25.65 | -26.11 |
| Martin ratioReturn relative to average drawdown | -0.84 | 159.89 | -160.73 |
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Drawdowns
FRA vs. RCRIX - Drawdown Comparison
The maximum FRA drawdown since its inception was -51.43%, which is greater than RCRIX's maximum drawdown of -30.00%. Use the drawdown chart below to compare losses from any high point for FRA and RCRIX.
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Drawdown Indicators
| FRA | RCRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.43% | -30.00% | -21.43% |
Max Drawdown (1Y)Largest decline over 1 year | -15.47% | -0.19% | -15.28% |
Max Drawdown (3Y)Largest decline over 3 years | -18.77% | -1.93% | -16.84% |
Max Drawdown (5Y)Largest decline over 5 years | -18.77% | -3.75% | -15.02% |
Max Drawdown (10Y)Largest decline over 10 years | -42.80% | — | — |
Current DrawdownCurrent decline from peak | -9.22% | 0.00% | -9.22% |
Average DrawdownAverage peak-to-trough decline | -7.23% | -2.96% | -4.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.44% | 0.03% | +8.41% |
Volatility
FRA vs. RCRIX - Volatility Comparison
BlackRock Floating Rate Income Strategies Fund Inc (FRA) has a higher volatility of 1.88% compared to RiverPark Floating Rate CMBS Fund (RCRIX) at 0.19%. This indicates that FRA's price experiences larger fluctuations and is considered to be riskier than RCRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRA | RCRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 0.19% | +1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 7.99% | 0.57% | +7.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.05% | 0.76% | +9.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.85% | 1.60% | +11.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.51% | 7.86% | +7.65% |
FRA vs. RCRIX - Expense Ratio Comparison
FRA has a 2.17% expense ratio, which is higher than RCRIX's 0.85% expense ratio.
Dividends
FRA vs. RCRIX - Dividend Comparison
FRA's dividend yield for the trailing twelve months is around 13.73%, more than RCRIX's 4.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRA BlackRock Floating Rate Income Strategies Fund Inc | 13.73% | 12.62% | 10.81% | 10.44% | 6.88% | 5.96% | 7.61% | 6.44% | 6.90% | 5.31% | 5.65% | 6.17% |
RCRIX RiverPark Floating Rate CMBS Fund | 4.35% | 5.30% | 6.85% | 7.90% | 3.80% | 2.34% | 3.16% | 3.36% | 49.16% | 3.64% | 0.00% | 0.00% |
Frequently Asked Questions
FRA and RCRIX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRA has higher volatility (1.88%) compared to RCRIX (0.19%). In terms of maximum drawdown, FRA dropped -51.43% vs RCRIX's -30.00%.
RCRIX currently has the higher Sharpe Ratio (6.42 vs -0.71), 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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