RSFYX vs. FRA
RSFYX (Victory Floating Rate Fund) and FRA (BlackRock Floating Rate Income Strategies Fund Inc) are both Bank Loan funds. Over the past 10 years, RSFYX returned 4.92%/yr vs 6.60%/yr for FRA. At a 0.23 correlation, their price movements are largely independent. RSFYX charges 0.79%/yr vs 2.17%/yr for FRA.
Performance
RSFYX vs. FRA - Performance Comparison
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Returns By Period
In the year-to-date period, RSFYX achieves a 3.48% return, which is significantly higher than FRA's -1.25% return. Over the past 10 years, RSFYX has underperformed FRA with an annualized return of 4.92%, while FRA has yielded a comparatively higher 6.60% annualized return.
RSFYX
- 1D
- 0.00%
- 1M
- 0.85%
- YTD
- 3.48%
- 6M
- 4.67%
- 1Y
- 8.69%
- 3Y*
- 8.30%
- 5Y*
- 4.08%
- 10Y*
- 4.92%
FRA
- 1D
- 0.37%
- 1M
- -0.32%
- YTD
- -1.25%
- 6M
- -0.58%
- 1Y
- -4.46%
- 3Y*
- 8.76%
- 5Y*
- 6.55%
- 10Y*
- 6.60%
RSFYX vs. FRA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RSFYX Victory Floating Rate Fund | 3.48% | 7.09% | 8.64% | 7.48% | -6.82% | 4.12% | 4.96% | 9.68% | 0.69% | 4.00% |
FRA BlackRock Floating Rate Income Strategies Fund Inc | -1.25% | -3.75% | 21.56% | 25.46% | -10.59% | 17.81% | -2.38% | 20.82% | -8.27% | 0.76% |
Correlation
The correlation between RSFYX and FRA is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2010 | 0.23 |
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Return for Risk
RSFYX vs. FRA — Risk / Return Rank
RSFYX
FRA
RSFYX vs. FRA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Victory Floating Rate Fund (RSFYX) and BlackRock Floating Rate Income Strategies Fund Inc (FRA). 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.
| RSFYX | FRA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.63 | ||
| Sortino ratioReturn per unit of downside risk | +6.11 | ||
| Omega ratioGain probability vs. loss probability | 1.81 | 0.93 | +0.88 |
| Calmar ratioReturn relative to maximum drawdown | 6.30 | -0.29 | +6.59 |
| Martin ratioReturn relative to average drawdown | 20.85 | -0.57 | +21.42 |
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Drawdowns
RSFYX vs. FRA - Drawdown Comparison
The maximum RSFYX drawdown since its inception was -21.42%, smaller than the maximum FRA drawdown of -51.43%. Use the drawdown chart below to compare losses from any high point for RSFYX and FRA.
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Drawdown Indicators
| RSFYX | FRA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.42% | -51.43% | +30.01% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -15.47% | +14.08% |
Max Drawdown (3Y)Largest decline over 3 years | -2.76% | -18.77% | +16.01% |
Max Drawdown (5Y)Largest decline over 5 years | -8.82% | -18.77% | +9.95% |
Max Drawdown (10Y)Largest decline over 10 years | -21.42% | -42.80% | +21.38% |
Current DrawdownCurrent decline from peak | 0.00% | -9.67% | +9.67% |
Average DrawdownAverage peak-to-trough decline | -1.34% | -7.22% | +5.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 7.83% | -7.41% |
Volatility
RSFYX vs. FRA - Volatility Comparison
The current volatility for Victory Floating Rate Fund (RSFYX) is 0.56%, while BlackRock Floating Rate Income Strategies Fund Inc (FRA) has a volatility of 2.22%. This indicates that RSFYX experiences smaller price fluctuations and is considered to be less risky than FRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSFYX | FRA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 2.22% | -1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 8.17% | -4.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.01% | 9.96% | -5.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.60% | 12.90% | -9.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.23% | 15.53% | -11.30% |
RSFYX vs. FRA - Expense Ratio Comparison
RSFYX has a 0.79% expense ratio, which is lower than FRA's 2.17% expense ratio.
Dividends
RSFYX vs. FRA - Dividend Comparison
RSFYX's dividend yield for the trailing twelve months is around 7.74%, less than FRA's 13.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRA BlackRock Floating Rate Income Strategies Fund Inc | 13.65% | 12.62% | 10.81% | 10.44% | 6.88% | 5.96% | 7.61% | 6.44% | 6.90% | 5.31% | 5.65% | 6.17% |
RSFYX Victory Floating Rate Fund | 7.74% | 9.39% | 9.01% | 8.22% | 6.22% | 4.16% | 5.47% | 6.07% | 5.93% | 5.07% | 4.99% | 5.31% |
Frequently Asked Questions
RSFYX and FRA have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRA has higher volatility (2.22%) compared to RSFYX (0.56%). In terms of maximum drawdown, RSFYX dropped -21.42% vs FRA's -51.43%.
RSFYX currently has the higher Sharpe Ratio (2.18 vs -0.45), 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.
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