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:
0.37
SPYG:
0.33
FRA:
0.55
SPYG:
0.62
FRA:
1.09
SPYG:
1.09
FRA:
0.30
SPYG:
0.36
FRA:
1.12
SPYG:
1.36
FRA:
4.96%
SPYG:
5.89%
FRA:
15.24%
SPYG:
24.45%
FRA:
-51.42%
SPYG:
-67.79%
FRA:
-12.05%
SPYG:
-16.99%
Returns By Period
In the year-to-date period, FRA achieves a -8.53% return, which is significantly higher than SPYG's -12.75% return. Over the past 10 years, FRA has underperformed SPYG with an annualized return of 6.23%, while SPYG has yielded a comparatively higher 13.23% annualized return.
FRA
-8.53%
-4.28%
-6.09%
4.91%
11.83%
6.23%
SPYG
-12.75%
-6.73%
-9.05%
9.64%
14.88%
13.23%
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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 12.30%, more than SPYG's 0.71% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRA BlackRock Floating Rate Income Strategies Fund Inc | 12.30% | 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 | 0.71% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 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 11.11%, while SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 15.66%. 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.