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.
Key characteristics
| FRA | ^GSPC | |
|---|---|---|
| YTD Return | 21.88% | 25.45% |
| 1Y Return | 30.27% | 35.64% |
| 3Y Return (Ann) | 10.88% | 8.55% |
| 5Y Return (Ann) | 10.81% | 14.13% |
| 10Y Return (Ann) | 7.74% | 11.39% |
| Sharpe Ratio | 2.84 | 2.90 |
| Sortino Ratio | 3.58 | 3.87 |
| Omega Ratio | 1.55 | 1.54 |
| Calmar Ratio | 4.26 | 4.19 |
| Martin Ratio | 18.64 | 18.72 |
| Ulcer Index | 1.66% | 1.90% |
| Daily Std Dev | 10.92% | 12.27% |
| Max Drawdown | -51.60% | -56.78% |
| Current Drawdown | -1.20% | -0.29% |
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
In the year-to-date period, FRA achieves a 21.88% return, which is significantly lower than ^GSPC's 25.45% return. Over the past 10 years, FRA has underperformed ^GSPC with an annualized return of 7.74%, while ^GSPC has yielded a comparatively higher 11.39% annualized 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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Risk-Adjusted Performance
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 -51.60%, 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 3.32%, while S&P 500 (^GSPC) has a volatility of 3.86%. 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.