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.
Key characteristics
FRA | SPY | |
---|---|---|
YTD Return | 13.62% | 18.86% |
1Y Return | 17.45% | 28.13% |
3Y Return (Ann) | 9.27% | 9.87% |
5Y Return (Ann) | 9.85% | 15.23% |
10Y Return (Ann) | 6.78% | 12.80% |
Sharpe Ratio | 1.53 | 2.21 |
Daily Std Dev | 11.87% | 12.60% |
Max Drawdown | -51.60% | -55.19% |
Current Drawdown | -1.01% | -0.61% |
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.
Performance
FRA vs. SPY - Performance Comparison
In the year-to-date period, FRA achieves a 13.62% return, which is significantly lower than SPY's 18.86% return. Over the past 10 years, FRA has underperformed SPY with an annualized return of 6.78%, while SPY has yielded a comparatively higher 12.80% 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. 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 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.
Dividends
FRA vs. SPY - Dividend Comparison
FRA's dividend yield for the trailing twelve months is around 11.15%, more than SPY's 0.94% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
BlackRock Floating Rate Income Strategies Fund Inc | 11.15% | 10.44% | 6.88% | 5.96% | 7.61% | 6.31% | 6.87% | 5.28% | 5.59% | 6.10% | 6.16% | 6.30% |
SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FRA vs. SPY - Drawdown Comparison
The maximum FRA drawdown since its inception was -51.60%, 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. For additional features, visit the drawdowns tool.
Volatility
FRA vs. SPY - Volatility Comparison
The current volatility for BlackRock Floating Rate Income Strategies Fund Inc (FRA) is 2.38%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.84%. 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.