FRA vs. SPYG
Compare and contrast key facts about BlackRock Floating Rate Income Strategies Fund Inc (FRA) and SPDR Portfolio S&P 500 Growth ETF (SPYG).
FRA is managed by Blackrock. It was launched on Oct 29, 2003. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRA or SPYG.
Key characteristics
| FRA | SPYG | |
|---|---|---|
| YTD Return | 22.05% | 35.25% |
| 1Y Return | 31.66% | 46.54% |
| 3Y Return (Ann) | 11.07% | 8.21% |
| 5Y Return (Ann) | 10.98% | 18.21% |
| 10Y Return (Ann) | 7.80% | 15.29% |
| Sharpe Ratio | 2.87 | 2.66 |
| Sortino Ratio | 3.61 | 3.40 |
| Omega Ratio | 1.55 | 1.48 |
| Calmar Ratio | 4.26 | 2.75 |
| Martin Ratio | 18.64 | 14.14 |
| Ulcer Index | 1.66% | 3.20% |
| Daily Std Dev | 10.82% | 17.04% |
| Max Drawdown | -51.60% | -67.79% |
| Current Drawdown | -0.21% | 0.00% |
Correlation
The correlation between FRA and SPYG is 0.31, 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. SPYG - Performance Comparison
In the year-to-date period, FRA achieves a 22.05% return, which is significantly lower than SPYG's 35.25% return. Over the past 10 years, FRA has underperformed SPYG with an annualized return of 7.80%, while SPYG has yielded a comparatively higher 15.29% 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. SPYG - Expense Ratio Comparison
FRA has a 2.17% expense ratio, which is higher than SPYG's 0.04% expense ratio.
Risk-Adjusted Performance
FRA vs. SPYG - 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 Portfolio S&P 500 Growth ETF (SPYG). 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. SPYG - Dividend Comparison
FRA's dividend yield for the trailing twelve months is around 10.54%, more than SPYG's 0.65% 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% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.65% | 1.15% | 1.03% | 0.62% | 0.90% | 1.36% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% | 1.42% |
Drawdowns
FRA vs. SPYG - Drawdown Comparison
The maximum FRA drawdown since its inception was -51.60%, smaller than the maximum SPYG drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for FRA and SPYG. For additional features, visit the drawdowns tool.
Volatility
FRA vs. SPYG - Volatility Comparison
The current volatility for BlackRock Floating Rate Income Strategies Fund Inc (FRA) is 3.02%, while SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 5.22%. This indicates that FRA experiences smaller price fluctuations and is considered to be less risky than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.