Correlation
The correlation between FRA and SPY 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.
FRA vs. SPY
Compare and contrast key facts about BlackRock Floating Rate Income Strategies Fund Inc (FRA) and SPDR S&P 500 ETF (SPY).
FRA is managed by Blackrock. It was launched on Oct 29, 2003. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRA or SPY.
Performance
FRA vs. SPY - Performance Comparison
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Key characteristics
FRA:
0.61
SPY:
0.68
FRA:
0.94
SPY:
1.11
FRA:
1.16
SPY:
1.16
FRA:
0.56
SPY:
0.75
FRA:
1.82
SPY:
2.86
FRA:
5.77%
SPY:
4.93%
FRA:
15.42%
SPY:
20.44%
FRA:
-51.42%
SPY:
-55.19%
FRA:
-6.35%
SPY:
-3.01%
Returns By Period
In the year-to-date period, FRA achieves a -2.60% return, which is significantly lower than SPY's 1.44% return. Over the past 10 years, FRA has underperformed SPY with an annualized return of 7.01%, while SPY has yielded a comparatively higher 12.88% annualized return.
FRA
-2.60%
2.42%
-3.85%
9.40%
14.23%
11.81%
7.01%
SPY
1.44%
4.58%
-1.18%
13.82%
14.68%
15.35%
12.88%
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FRA vs. SPY - Expense Ratio Comparison
FRA has a 2.17% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FRA vs. SPY — Risk-Adjusted Performance Rank
FRA
SPY
FRA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Strategies Fund Inc (FRA) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
FRA vs. SPY - Dividend Comparison
FRA's dividend yield for the trailing twelve months is around 11.66%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRA BlackRock Floating Rate Income Strategies Fund Inc | 11.66% | 10.82% | 10.44% | 6.89% | 5.99% | 7.63% | 6.48% | 6.92% | 5.31% | 5.65% | 6.15% | 6.23% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FRA vs. SPY - Drawdown Comparison
The maximum FRA drawdown since its inception was -51.42%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FRA and SPY.
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Volatility
FRA vs. SPY - Volatility Comparison
The current volatility for BlackRock Floating Rate Income Strategies Fund Inc (FRA) is 2.66%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.85%. This indicates that FRA experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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