FRA vs. ^GSPC
Compare and contrast key facts about BlackRock Floating Rate Income Strategies Fund Inc (FRA) and S&P 500 (^GSPC).
FRA is managed by Blackrock. It was launched on Oct 29, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRA or ^GSPC.
Correlation
The correlation between FRA and ^GSPC 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.
Performance
FRA vs. ^GSPC - Performance Comparison
Key characteristics
FRA:
1.39
^GSPC:
1.83
FRA:
1.86
^GSPC:
2.47
FRA:
1.26
^GSPC:
1.33
FRA:
1.86
^GSPC:
2.76
FRA:
5.20
^GSPC:
11.27
FRA:
3.06%
^GSPC:
2.08%
FRA:
11.36%
^GSPC:
12.79%
FRA:
-51.42%
^GSPC:
-56.78%
FRA:
-6.22%
^GSPC:
-0.07%
Returns By Period
In the year-to-date period, FRA achieves a -2.47% return, which is significantly lower than ^GSPC's 3.96% return. Over the past 10 years, FRA has underperformed ^GSPC with an annualized return of 7.28%, while ^GSPC has yielded a comparatively higher 11.26% annualized return.
FRA
-2.47%
1.80%
8.03%
14.45%
8.75%
7.28%
^GSPC
3.96%
1.97%
9.03%
22.16%
12.60%
11.26%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
FRA vs. ^GSPC — Risk-Adjusted Performance Rank
FRA
^GSPC
FRA vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Strategies Fund Inc (FRA) and S&P 500 (^GSPC). 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.
Drawdowns
FRA vs. ^GSPC - Drawdown Comparison
The maximum FRA drawdown since its inception was -51.42%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FRA and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
FRA vs. ^GSPC - Volatility Comparison
The current volatility for BlackRock Floating Rate Income Strategies Fund Inc (FRA) is 2.44%, while S&P 500 (^GSPC) has a volatility of 3.21%. This indicates that FRA experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.