TRFK vs. FRA
TRFK (Pacer Data and Digital Revolution ETF) and FRA (BlackRock Floating Rate Income Strategies Fund Inc) are both funds - TRFK is a Technology Equities fund tracking the Pacer Data Transmission and Communication Revolution Index - Benchmark TR Net, while FRA is a Bank Loan fund managed by BlackRock. Over the past 3 years, TRFK returned 50.88%/yr vs 8.76%/yr for FRA. At a 0.32 correlation, their price movements are largely independent. TRFK charges 0.60%/yr vs 2.17%/yr for FRA.
Performance
TRFK vs. FRA - Performance Comparison
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Returns By Period
In the year-to-date period, TRFK achieves a 61.41% return, which is significantly higher than FRA's -1.25% return.
TRFK
- 1D
- -6.99%
- 1M
- 9.38%
- YTD
- 61.41%
- 6M
- 59.46%
- 1Y
- 85.46%
- 3Y*
- 50.88%
- 5Y*
- —
- 10Y*
- —
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%
TRFK vs. FRA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TRFK Pacer Data and Digital Revolution ETF | 61.41% | 26.81% | 38.30% | 66.63% | -10.61% |
FRA BlackRock Floating Rate Income Strategies Fund Inc | -1.25% | -3.75% | 21.56% | 25.46% | -0.09% |
Correlation
The correlation between TRFK and FRA is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2022 | 0.32 |
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Return for Risk
TRFK vs. FRA — Risk / Return Rank
TRFK
FRA
TRFK vs. FRA - Risk-Adjusted Trends 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.
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.
| TRFK | FRA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.14 | ||
| Sortino ratioReturn per unit of downside risk | +3.72 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.93 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 4.39 | -0.29 | +4.68 |
| Martin ratioReturn relative to average drawdown | 10.31 | -0.57 | +10.88 |
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Drawdowns
TRFK vs. FRA - Drawdown Comparison
The maximum TRFK drawdown since its inception was -29.06%, smaller than the maximum FRA drawdown of -51.43%. Use the drawdown chart below to compare losses from any high point for TRFK and FRA.
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Drawdown Indicators
| TRFK | FRA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.06% | -51.43% | +22.37% |
Max Drawdown (1Y)Largest decline over 1 year | -19.56% | -15.47% | -4.09% |
Max Drawdown (3Y)Largest decline over 3 years | -29.06% | -18.77% | -10.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.77% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.80% | — |
Current DrawdownCurrent decline from peak | -6.99% | -9.67% | +2.68% |
Average DrawdownAverage peak-to-trough decline | -6.04% | -7.22% | +1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.32% | 7.83% | +0.49% |
Volatility
TRFK vs. FRA - Volatility Comparison
Pacer Data and Digital Revolution ETF (TRFK) has a higher volatility of 18.36% compared to BlackRock Floating Rate Income Strategies Fund Inc (FRA) at 2.22%. 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.
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Volatility by Period
| TRFK | FRA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.36% | 2.22% | +16.14% |
Volatility (6M)Calculated over the trailing 6-month period | 26.50% | 8.17% | +18.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.01% | 9.96% | +22.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.84% | 12.90% | +16.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.84% | 15.53% | +14.31% |
TRFK vs. FRA - Expense Ratio Comparison
TRFK has a 0.60% expense ratio, which is lower than FRA's 2.17% expense ratio.
Dividends
TRFK vs. FRA - Dividend Comparison
TRFK's dividend yield for the trailing twelve months is around 0.01%, 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% |
TRFK Pacer Data and Digital Revolution ETF | 0.01% | 0.01% | 0.40% | 0.20% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TRFK and FRA have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRFK has higher volatility (18.36%) compared to FRA (2.22%). In terms of maximum drawdown, TRFK dropped -29.06% vs FRA's -51.43%.
TRFK currently has the higher Sharpe Ratio (2.69 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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