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.
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
Key characteristics
FRA:
1.69
SPYG:
1.90
FRA:
2.21
SPYG:
2.50
FRA:
1.32
SPYG:
1.34
FRA:
2.51
SPYG:
2.65
FRA:
9.41
SPYG:
10.26
FRA:
2.03%
SPYG:
3.29%
FRA:
11.33%
SPYG:
17.74%
FRA:
-51.42%
SPYG:
-67.79%
FRA:
-7.55%
SPYG:
-4.58%
Returns By Period
In the year-to-date period, FRA achieves a -3.85% return, which is significantly lower than SPYG's -0.99% return. Over the past 10 years, FRA has underperformed SPYG with an annualized return of 7.52%, while SPYG has yielded a comparatively higher 15.24% annualized return.
FRA
-3.85%
-6.61%
3.35%
19.89%
8.45%
7.52%
SPYG
-0.99%
-3.54%
5.03%
33.56%
15.94%
15.24%
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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 Rank
FRA
SPYG
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 10.32%, more than SPYG's 0.61% 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% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.61% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.36% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% |
Drawdowns
FRA vs. SPYG - Drawdown Comparison
The maximum FRA drawdown since its inception was -51.42%, 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 3.95%, while SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 5.67%. 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.