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 0.33, 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:
0.37
^GSPC:
0.24
FRA:
0.55
^GSPC:
0.47
FRA:
1.09
^GSPC:
1.07
FRA:
0.30
^GSPC:
0.24
FRA:
1.12
^GSPC:
1.08
FRA:
4.96%
^GSPC:
4.25%
FRA:
15.24%
^GSPC:
19.00%
FRA:
-51.42%
^GSPC:
-56.78%
FRA:
-12.05%
^GSPC:
-14.02%
Returns By Period
In the year-to-date period, FRA achieves a -8.53% return, which is significantly higher than ^GSPC's -10.18% return. Over the past 10 years, FRA has underperformed ^GSPC with an annualized return of 6.23%, while ^GSPC has yielded a comparatively higher 9.70% annualized return.
FRA
-8.53%
-4.28%
-6.09%
4.91%
11.83%
6.23%
^GSPC
-10.18%
-6.92%
-9.92%
5.42%
12.98%
9.70%
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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 11.11%, while S&P 500 (^GSPC) has a volatility of 13.60%. 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.