FRA vs. TRFK
Compare and contrast key facts about BlackRock Floating Rate Income Strategies Fund Inc (FRA) and Pacer Data and Digital Revolution ETF (TRFK).
FRA is managed by Blackrock. It was launched on Oct 29, 2003. TRFK is a passively managed fund by Pacer that tracks the performance of the Pacer Data Transmission and Communication Revolution Index - Benchmark TR Net. It was launched on Jun 8, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRA or TRFK.
Key characteristics
| FRA | TRFK | |
|---|---|---|
| YTD Return | 21.88% | 39.65% |
| 1Y Return | 30.27% | 59.06% |
| Sharpe Ratio | 2.84 | 2.34 |
| Sortino Ratio | 3.58 | 2.93 |
| Omega Ratio | 1.55 | 1.39 |
| Calmar Ratio | 4.26 | 3.42 |
| Martin Ratio | 18.64 | 11.12 |
| Ulcer Index | 1.66% | 5.30% |
| Daily Std Dev | 10.92% | 25.21% |
| Max Drawdown | -51.60% | -21.86% |
| Current Drawdown | -1.20% | -0.29% |
Correlation
The correlation between FRA and TRFK is 0.26, 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. TRFK - Performance Comparison
In the year-to-date period, FRA achieves a 21.88% return, which is significantly lower than TRFK's 39.65% 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. TRFK - Expense Ratio Comparison
FRA has a 2.17% expense ratio, which is higher than TRFK's 0.60% expense ratio.
Risk-Adjusted Performance
FRA vs. TRFK - Risk-Adjusted Performance 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.
Dividends
FRA vs. TRFK - Dividend Comparison
FRA's dividend yield for the trailing twelve months is around 10.56%, more than TRFK's 0.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRA BlackRock Floating Rate Income Strategies Fund Inc | 9.72% | 10.44% | 6.89% | 5.99% | 7.63% | 6.48% | 6.92% | 5.31% | 5.65% | 6.15% | 6.23% | 6.37% |
TRFK Pacer Data and Digital Revolution ETF | 0.45% | 0.20% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FRA vs. TRFK - Drawdown Comparison
The maximum FRA drawdown since its inception was -51.60%, which is greater than TRFK's maximum drawdown of -21.86%. Use the drawdown chart below to compare losses from any high point for FRA and TRFK. For additional features, visit the drawdowns tool.
Volatility
FRA vs. TRFK - Volatility Comparison
The current volatility for BlackRock Floating Rate Income Strategies Fund Inc (FRA) is 3.32%, while Pacer Data and Digital Revolution ETF (TRFK) has a volatility of 6.86%. 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.