FRA vs. SPYG
Compare and contrast key facts about BlackRock Floating Rate Income Strategies Fund Inc (FRA) and State Street 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.
Performance
FRA vs. SPYG - Performance Comparison
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FRA vs. SPYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRA BlackRock Floating Rate Income Strategies Fund Inc | -3.56% | -3.75% | 21.56% | 25.46% | -10.59% | 17.81% | -2.38% | 20.82% | -8.27% | 0.76% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | -6.91% | 22.09% | 35.99% | 30.02% | -29.41% | 32.01% | 33.46% | 30.84% | -0.12% | 27.24% |
Returns By Period
In the year-to-date period, FRA achieves a -3.56% return, which is significantly higher than SPYG's -6.91% return. Over the past 10 years, FRA has underperformed SPYG with an annualized return of 6.59%, while SPYG has yielded a comparatively higher 15.90% annualized return.
FRA
- 1D
- -0.18%
- 1M
- -0.49%
- YTD
- -3.56%
- 6M
- -9.70%
- 1Y
- -3.61%
- 3Y*
- 9.99%
- 5Y*
- 6.48%
- 10Y*
- 6.59%
SPYG
- 1D
- 1.32%
- 1M
- -4.24%
- YTD
- -6.91%
- 6M
- -5.21%
- 1Y
- 23.24%
- 3Y*
- 22.39%
- 5Y*
- 12.53%
- 10Y*
- 15.90%
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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.
Return for Risk
FRA vs. SPYG — Risk / Return Rank
FRA
SPYG
FRA vs. SPYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Strategies Fund Inc (FRA) and State Street 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.
| FRA | SPYG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.25 | 1.04 | -1.30 |
Sortino ratioReturn per unit of downside risk | -0.24 | 1.62 | -1.87 |
Omega ratioGain probability vs. loss probability | 0.96 | 1.23 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | -0.26 | 1.75 | -2.01 |
Martin ratioReturn relative to average drawdown | -0.62 | 6.81 | -7.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FRA | SPYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 1.04 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.60 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.78 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.32 | 0.00 |
Correlation
The correlation between FRA and SPYG is 0.32, 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.
Dividends
FRA vs. SPYG - Dividend Comparison
FRA's dividend yield for the trailing twelve months is around 13.51%, more than SPYG's 0.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRA BlackRock Floating Rate Income Strategies Fund Inc | 13.51% | 12.62% | 10.81% | 10.44% | 6.88% | 5.96% | 7.61% | 6.44% | 6.90% | 5.31% | 5.65% | 6.17% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 0.57% | 0.52% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% |
Drawdowns
FRA vs. SPYG - Drawdown Comparison
The maximum FRA drawdown since its inception was -51.43%, smaller than the maximum SPYG drawdown of -67.63%. Use the drawdown chart below to compare losses from any high point for FRA and SPYG.
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Drawdown Indicators
| FRA | SPYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.43% | -67.63% | +16.20% |
Max Drawdown (1Y)Largest decline over 1 year | -15.47% | -13.76% | -1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -18.77% | -32.67% | +13.90% |
Max Drawdown (10Y)Largest decline over 10 years | -42.80% | -32.67% | -10.13% |
Current DrawdownCurrent decline from peak | -11.78% | -9.06% | -2.72% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -24.48% | +17.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.45% | 3.55% | +2.90% |
Volatility
FRA vs. SPYG - Volatility Comparison
The current volatility for BlackRock Floating Rate Income Strategies Fund Inc (FRA) is 5.64%, while State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 7.32%. 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.
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Volatility by Period
| FRA | SPYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 7.32% | -1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 12.90% | -4.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.30% | 22.42% | -8.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 21.13% | -8.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.48% | 20.57% | -5.09% |