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.
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
Key characteristics
FRA:
1.69
SPY:
1.88
FRA:
2.21
SPY:
2.51
FRA:
1.32
SPY:
1.35
FRA:
2.51
SPY:
2.83
FRA:
9.41
SPY:
11.89
FRA:
2.03%
SPY:
2.00%
FRA:
11.33%
SPY:
12.69%
FRA:
-51.42%
SPY:
-55.19%
FRA:
-7.55%
SPY:
-3.89%
Returns By Period
In the year-to-date period, FRA achieves a -3.85% return, which is significantly lower than SPY's -0.66% return. Over the past 10 years, FRA has underperformed SPY with an annualized return of 7.52%, while SPY has yielded a comparatively higher 13.18% annualized return.
FRA
-3.85%
-6.61%
3.35%
19.89%
8.45%
7.52%
SPY
-0.66%
-3.32%
3.73%
23.70%
13.73%
13.18%
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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.
Dividends
FRA vs. SPY - Dividend Comparison
FRA's dividend yield for the trailing twelve months is around 10.32%, 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 | 10.32% | 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. 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 3.95%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.61%. 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.