TRFK vs. FRA
Compare and contrast key facts about Pacer Data and Digital Revolution ETF (TRFK) and BlackRock Floating Rate Income Strategies Fund Inc (FRA).
TRFK is a passively managed fund by Pacer that tracks the performance of the Pacer Data Transmission and Communication Revolution Index - Benchmark TR Net. It was launched on Jun 8, 2022. 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: TRFK or FRA.
Key characteristics
| TRFK | FRA | |
|---|---|---|
| YTD Return | 39.65% | 21.88% |
| 1Y Return | 59.06% | 30.27% |
| Sharpe Ratio | 2.34 | 2.84 |
| Sortino Ratio | 2.93 | 3.58 |
| Omega Ratio | 1.39 | 1.55 |
| Calmar Ratio | 3.42 | 4.26 |
| Martin Ratio | 11.12 | 18.64 |
| Ulcer Index | 5.30% | 1.66% |
| Daily Std Dev | 25.21% | 10.92% |
| Max Drawdown | -21.86% | -51.60% |
| Current Drawdown | -0.29% | -1.20% |
Correlation
The correlation between TRFK and FRA is 0.26, 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
TRFK vs. FRA - Performance Comparison
In the year-to-date period, TRFK achieves a 39.65% return, which is significantly higher than FRA's 21.88% 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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TRFK vs. FRA - Expense Ratio Comparison
TRFK has a 0.60% expense ratio, which is lower than FRA's 2.17% expense ratio.
Risk-Adjusted Performance
TRFK vs. FRA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Data and Digital Revolution ETF (TRFK) 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.
Dividends
TRFK vs. FRA - Dividend Comparison
TRFK's dividend yield for the trailing twelve months is around 0.45%, less than FRA's 10.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRFK Pacer Data and Digital Revolution ETF | 0.45% | 0.20% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FRA BlackRock Floating Rate Income Strategies Fund Inc | 9.72% | 10.44% | 6.89% | 5.99% | 7.63% | 6.48% | 6.92% | 5.31% | 5.65% | 6.15% | 6.23% | 6.37% |
Drawdowns
TRFK vs. FRA - Drawdown Comparison
The maximum TRFK drawdown since its inception was -21.86%, smaller than the maximum FRA drawdown of -51.60%. Use the drawdown chart below to compare losses from any high point for TRFK and FRA. For additional features, visit the drawdowns tool.
Volatility
TRFK vs. FRA - Volatility Comparison
Pacer Data and Digital Revolution ETF (TRFK) has a higher volatility of 6.86% compared to BlackRock Floating Rate Income Strategies Fund Inc (FRA) at 3.32%. This indicates that TRFK's price experiences larger fluctuations and is considered to be riskier than FRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.