FRA vs. SMH
Compare and contrast key facts about BlackRock Floating Rate Income Strategies Fund Inc (FRA) and VanEck Vectors Semiconductor ETF (SMH).
FRA is managed by Blackrock. It was launched on Oct 29, 2003. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRA or SMH.
Key characteristics
| FRA | SMH | |
|---|---|---|
| YTD Return | 22.05% | 48.30% |
| 1Y Return | 31.66% | 72.60% |
| 3Y Return (Ann) | 11.07% | 21.36% |
| 5Y Return (Ann) | 10.98% | 34.34% |
| 10Y Return (Ann) | 7.80% | 29.34% |
| Sharpe Ratio | 2.87 | 2.10 |
| Sortino Ratio | 3.61 | 2.59 |
| Omega Ratio | 1.55 | 1.35 |
| Calmar Ratio | 4.26 | 2.91 |
| Martin Ratio | 18.64 | 8.05 |
| Ulcer Index | 1.66% | 8.98% |
| Daily Std Dev | 10.82% | 34.46% |
| Max Drawdown | -51.60% | -95.73% |
| Current Drawdown | -0.21% | -7.80% |
Correlation
The correlation between FRA and SMH is 0.25, 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. SMH - Performance Comparison
In the year-to-date period, FRA achieves a 22.05% return, which is significantly lower than SMH's 48.30% return. Over the past 10 years, FRA has underperformed SMH with an annualized return of 7.80%, while SMH has yielded a comparatively higher 29.34% 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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FRA vs. SMH - Expense Ratio Comparison
FRA has a 2.17% expense ratio, which is higher than SMH's 0.35% expense ratio.
Risk-Adjusted Performance
FRA vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Strategies Fund Inc (FRA) and VanEck Vectors Semiconductor ETF (SMH). 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. SMH - Dividend Comparison
FRA's dividend yield for the trailing twelve months is around 10.54%, more than SMH's 0.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRA BlackRock Floating Rate Income Strategies Fund Inc | 10.54% | 10.44% | 6.89% | 5.99% | 7.63% | 6.48% | 6.92% | 5.31% | 5.65% | 6.15% | 6.23% | 6.37% |
SMH VanEck Vectors Semiconductor ETF | 0.40% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
FRA vs. SMH - Drawdown Comparison
The maximum FRA drawdown since its inception was -51.60%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for FRA and SMH. For additional features, visit the drawdowns tool.
Volatility
FRA vs. SMH - Volatility Comparison
The current volatility for BlackRock Floating Rate Income Strategies Fund Inc (FRA) is 3.02%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 9.32%. This indicates that FRA experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.