FRA vs. XPTFX
FRA (BlackRock Floating Rate Income Strategies Fund Inc) and XPTFX (Federated Hermes Project and Trade Finance Tender Fund) are both Bank Loan funds. Over the past 5 years, FRA returned 6.42%/yr vs 6.57%/yr for XPTFX. Their 0.00 correlation means their historical movements had little consistent relationship. FRA charges 2.17%/yr vs 0.41%/yr for XPTFX.
Performance
FRA vs. XPTFX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FRA achieves a -0.76% return, which is significantly lower than XPTFX's 3.95% 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%
XPTFX
- 1D
- 0.00%
- 1M
- 0.50%
- 6M
- 3.33%
- YTD
- 3.95%
- 1Y
- 7.07%
- 3Y*
- 7.91%
- 5Y*
- 6.57%
- 10Y*
- —
- ALL TIME*
- 4.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.41M | $1.55M | $1.47M | |
| $0.00 | $0.00 | $0.00 |
FRA vs. XPTFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRA BlackRock Floating Rate Income Strategies Fund Inc | -0.76% | -3.75% | 21.56% | 25.46% | -10.59% | 17.81% | -2.38% | 20.82% | -8.27% | -0.62% |
XPTFX Federated Hermes Project and Trade Finance Tender Fund | 3.95% | 7.47% | 8.62% | 8.55% | 3.74% | 1.91% | 2.18% | 4.70% | 4.47% | -0.10% |
Correlation
The correlation between FRA and XPTFX is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.09 |
Correlation (3Y) Balances recent behavior with more history. | -0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.00 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FRA vs. XPTFX — Risk / Return Rank
FRA
XPTFX
FRA vs. XPTFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Strategies Fund Inc (FRA) and Federated Hermes Project and Trade Finance Tender Fund (XPTFX). 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 | XPTFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.17 | ||
| Sortino ratioReturn per unit of downside risk | -4.52 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 4.11 | -3.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 3.68 | -4.14 |
| Martin ratioReturn relative to average drawdown | -0.84 | 11.56 | -12.40 |
Loading charts...
Drawdowns
FRA vs. XPTFX - Drawdown Comparison
The maximum FRA drawdown since its inception was -51.43%, which is greater than XPTFX's maximum drawdown of -2.95%. Use the drawdown chart below to compare losses from any high point for FRA and XPTFX.
Loading charts...
Drawdown Indicators
| FRA | XPTFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.43% | -2.95% | -48.48% |
Max Drawdown (1Y)Largest decline over 1 year | -15.47% | -1.96% | -13.51% |
Max Drawdown (3Y)Largest decline over 3 years | -18.77% | -2.95% | -15.82% |
Max Drawdown (5Y)Largest decline over 5 years | -18.77% | -2.95% | -15.82% |
Max Drawdown (10Y)Largest decline over 10 years | -42.80% | — | — |
Current DrawdownCurrent decline from peak | -9.22% | 0.00% | -9.22% |
Average DrawdownAverage peak-to-trough decline | -7.23% | -0.26% | -6.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.44% | 0.62% | +7.82% |
Volatility
FRA vs. XPTFX - Volatility Comparison
BlackRock Floating Rate Income Strategies Fund Inc (FRA) has a higher volatility of 1.88% compared to Federated Hermes Project and Trade Finance Tender Fund (XPTFX) at 0.21%. This indicates that FRA's price experiences larger fluctuations and is considered to be riskier than XPTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FRA | XPTFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 0.21% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 7.99% | 0.60% | +7.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.05% | 2.93% | +7.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.85% | 2.53% | +10.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.51% | 2.00% | +13.51% |
FRA vs. XPTFX - Expense Ratio Comparison
FRA has a 2.17% expense ratio, which is higher than XPTFX's 0.41% expense ratio.
Dividends
FRA vs. XPTFX - Dividend Comparison
FRA's dividend yield for the trailing twelve months is around 13.73%, more than XPTFX's 6.03% 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% |
XPTFX Federated Hermes Project and Trade Finance Tender Fund | 6.03% | 7.24% | 6.78% | 6.66% | 5.70% | 2.21% | 2.74% | 4.62% | 4.60% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FRA and XPTFX have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRA has higher volatility (1.88%) compared to XPTFX (0.21%). In terms of maximum drawdown, FRA dropped -51.43% vs XPTFX's -2.95%.
XPTFX currently has the higher Sharpe Ratio (2.46 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.
Find the right allocation for FRA and XPTFX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer