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
Returns By Period
In the year-to-date period, FRA achieves a 22.02% return, which is significantly lower than SPY's 26.47% return. Over the past 10 years, FRA has underperformed SPY with an annualized return of 7.85%, while SPY has yielded a comparatively higher 13.14% annualized return.
FRA
22.02%
2.36%
12.12%
30.57%
10.76%
7.85%
SPY
26.47%
3.03%
13.19%
32.65%
15.68%
13.14%
Key characteristics
| FRA | SPY | |
|---|---|---|
| Sharpe Ratio | 2.80 | 2.69 |
| Sortino Ratio | 3.54 | 3.59 |
| Omega Ratio | 1.54 | 1.50 |
| Calmar Ratio | 4.20 | 3.88 |
| Martin Ratio | 18.28 | 17.47 |
| Ulcer Index | 1.67% | 1.87% |
| Daily Std Dev | 10.92% | 12.14% |
| Max Drawdown | -51.42% | -55.19% |
| Current Drawdown | -1.09% | -0.54% |
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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.
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.
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 10.69%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRA BlackRock Floating Rate Income Strategies Fund Inc | 10.69% | 10.44% | 6.89% | 5.99% | 7.63% | 6.48% | 6.92% | 5.31% | 5.65% | 6.15% | 6.23% | 6.37% |
SPY SPDR S&P 500 ETF | 1.18% | 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 -51.42%, 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 3.23%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. 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.