FRA vs. TRFK
FRA (BlackRock Floating Rate Income Strategies Fund Inc) and TRFK (Pacer Data and Digital Revolution ETF) are both funds - FRA is a Bank Loan fund managed by BlackRock, while TRFK is a Technology Equities fund tracking the Pacer Data Transmission and Communication Revolution Index - Benchmark TR Net. Over the past 3 years, FRA returned 7.56%/yr vs 39.62%/yr for TRFK. Their 0.32 correlation means their historical movements had little consistent relationship. FRA charges 2.17%/yr vs 0.60%/yr for TRFK.
Performance
FRA vs. TRFK - Performance Comparison
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Returns By Period
In the year-to-date period, FRA achieves a -0.76% return, which is significantly lower than TRFK's 39.17% return.
FRA
- 1D
- 0.19%
- 1M
- 0.22%
- 6M
- -1.61%
- YTD
- -0.76%
- 1Y
- -6.97%
- 3Y*
- 7.56%
- 5Y*
- 6.42%
- 10Y*
- 6.42%
- ALL TIME*
- 5.12%
TRFK
- 1D
- 0.48%
- 1M
- -7.73%
- 6M
- 37.75%
- YTD
- 39.17%
- 1Y
- 47.45%
- 3Y*
- 39.62%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 36.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.41M | $1.55M | $1.47M | |
| $17.52M | $18.57M | $19.27M |
FRA vs. TRFK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FRA BlackRock Floating Rate Income Strategies Fund Inc | -0.76% | -3.75% | 21.56% | 25.46% | -0.09% |
TRFK Pacer Data and Digital Revolution ETF | 39.17% | 26.81% | 38.30% | 66.63% | -10.61% |
Correlation
The correlation between FRA and TRFK is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2022 | 0.32 |
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Return for Risk
FRA vs. TRFK — Risk / Return Rank
FRA
TRFK
FRA vs. TRFK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Strategies Fund Inc (FRA) and Pacer Data and Digital Revolution ETF (TRFK). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FRA | TRFK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.67 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.21 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 1.68 | -2.14 |
| Martin ratioReturn relative to average drawdown | -0.84 | 4.55 | -5.40 |
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Drawdowns
FRA vs. TRFK - Drawdown Comparison
The maximum FRA drawdown since its inception was -51.43%, which is greater than TRFK's maximum drawdown of -29.06%. Use the drawdown chart below to compare losses from any high point for FRA and TRFK.
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Drawdown Indicators
| FRA | TRFK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.43% | -29.06% | -22.37% |
Max Drawdown (1Y)Largest decline over 1 year | -15.47% | -26.17% | +10.70% |
Max Drawdown (3Y)Largest decline over 3 years | -18.77% | -29.06% | +10.29% |
Max Drawdown (5Y)Largest decline over 5 years | -18.77% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.80% | — | — |
Current DrawdownCurrent decline from peak | -9.22% | -19.81% | +10.59% |
Average DrawdownAverage peak-to-trough decline | -7.23% | -6.24% | -0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.44% | 9.64% | -1.20% |
Volatility
FRA vs. TRFK - Volatility Comparison
The current volatility for BlackRock Floating Rate Income Strategies Fund Inc (FRA) is 1.88%, while Pacer Data and Digital Revolution ETF (TRFK) has a volatility of 17.07%. This indicates that FRA experiences smaller price fluctuations and is considered to be less risky than TRFK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRA | TRFK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 17.07% | -15.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.99% | 32.10% | -24.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.05% | 36.82% | -26.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.85% | 30.90% | -18.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.51% | 30.90% | -15.39% |
FRA vs. TRFK - Expense Ratio Comparison
FRA has a 2.17% expense ratio, which is higher than TRFK's 0.60% expense ratio.
Dividends
FRA vs. TRFK - Dividend Comparison
FRA's dividend yield for the trailing twelve months is around 13.73%, more than TRFK's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRA BlackRock Floating Rate Income Strategies Fund Inc | 13.73% | 12.62% | 10.81% | 10.44% | 6.88% | 5.96% | 7.61% | 6.44% | 6.90% | 5.31% | 5.65% | 6.17% |
TRFK Pacer Data and Digital Revolution ETF | 0.01% | 0.01% | 0.40% | 0.20% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FRA and TRFK have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRFK has higher volatility (17.07%) compared to FRA (1.88%). In terms of maximum drawdown, FRA dropped -51.43% vs TRFK's -29.06%.
TRFK currently has the higher Sharpe Ratio (1.19 vs -0.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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