FRA vs CDX
Comparison between Blackrock Floating Rate Income Strategies Fund Inc (FRA, ETF) and SIMPLIFY HIGH YIELD ETF (CDX, ETF).
FRA vs CDX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
FRA
$409M
CDX
$407M
Expense Ratio
FRA
N/A
CDX
0.25%
Max Drawdown
FRA
61.81%
Winner
CDX
17.00%
Sharpe Ratio
Winner
FRA
-0.77
CDX
-0.84
5Y Beta
Winner
FRA
0.39
CDX
0.41
5Y Dividends CAGR
FRA
11.53%
CDX
N/A
FRA vs CDX - Historical Returns
Returns include dividend reinvestment.
1M
FRA
-0.33%
Winner
CDX
+0.19%
3M
Winner
FRA
+3.91%
CDX
-0.59%
6M
Winner
FRA
-0.56%
CDX
-1.28%
1Y
FRA
-4.46%
Winner
CDX
-1.34%
5Y(CAGR)
Winner
FRA
+6.56%
CDX
+4.36%
10Y(CAGR)
FRA
+6.44%
CDX
N/A
Max(CAGR)
Winner
FRA
+5.11%
CDX
+4.36%
FRA vs CDX - Annual Returns (2003 - 2026)
Returns include dividend reinvestment.
| Year | FRA | CDX |
|---|---|---|
| 2026 | -1.15% | -1.19% |
| 2025 | -3.57% | +8.81% |
| 2024 | +21.71% | +7.75% |
| 2023 | +24.07% | +12.25% |
| 2022 | -10.11% | -8.08% |
| 2021 | +19.27% | N/A |
| 2020 | -2.72% | N/A |
| 2019 | +18.72% | N/A |
| 2018 | -9.21% | N/A |
| 2017 | +0.49% | N/A |
| 2016 | +18.78% | N/A |
| 2015 | +2.35% | N/A |
| 2014 | -2.22% | N/A |
| 2013 | +1.55% | N/A |
| 2012 | +20.31% | N/A |
| 2011 | -4.69% | N/A |
| 2010 | +11.74% | N/A |
| 2009 | +66.49% | N/A |
| 2008 | -38.85% | N/A |
| 2007 | -3.77% | N/A |
| 2006 | +14.89% | N/A |
| 2005 | -2.46% | N/A |
| 2004 | +0.22% | N/A |
| 2003 | -1.38% | N/A |
FRA vs CDX Drawdown Comparison
The maximum drawdown for FRA was -51.41%, occurring on Dec 15, 2008. Recovery took 655 trading sessions.
The maximum drawdown for CDX was -13.23%, occurring on Oct 20, 2022. Recovery took 429 trading sessions.
The current FRA drawdown is -9.66%. The current CDX drawdown is -6.52%.
| Rank | FRA | CDX |
|---|---|---|
| #1 | -51.41% Jun 19, 2007 - Jan 25, 2010 | -13.23% Mar 2, 2022 - Nov 14, 2023 |
| #2 | -42.81% Jan 22, 2020 - Jan 14, 2021 | -8.88% Apr 9, 2025 - Apr 11, 2025 |
| #3 | -21.89% Jun 2, 2011 - Aug 30, 2012 | -6.73% Apr 2, 2025 - Apr 9, 2025 |
| #4 | -20.14% Apr 26, 2010 - May 12, 2011 | -3.14% Oct 3, 2024 - Jan 21, 2025 |
| #5 | -18.78% Dec 16, 2024 - Aug 26, 2025 | -2.41% Mar 19, 2024 - May 15, 2024 |
| #6 | -18.63% Feb 9, 2022 - Jul 14, 2023 | -1.65% May 15, 2024 - Jun 12, 2024 |
| #7 | -15.86% May 2, 2018 - Dec 9, 2019 | -1.64% Mar 3, 2025 - Mar 20, 2025 |
| #8 | -15.46% Aug 28, 2025 - Mar 27, 2026 | -1.47% Mar 20, 2025 - Apr 2, 2025 |
| #9 | -14.87% May 24, 2013 - Sep 8, 2016 | -1.28% Dec 27, 2023 - Jan 10, 2024 |
| #10 | -10.36% Mar 9, 2005 - Sep 5, 2006 | -1.13% Jun 18, 2024 - Jul 8, 2024 |
| #11 | -7.92% Sep 22, 2023 - Dec 13, 2023 | -1.05% Aug 5, 2024 - Aug 13, 2024 |
| #12 | -7.28% Jul 26, 2024 - Oct 4, 2024 | -1.05% Nov 14, 2023 - Nov 27, 2023 |
| #13 | -6.18% Mar 11, 2010 - Apr 13, 2010 | -0.96% Feb 1, 2024 - Feb 22, 2024 |
| #14 | -5.84% Oct 25, 2012 - Dec 21, 2012 | -0.85% Jan 21, 2025 - Feb 3, 2025 |
| #15 | -5.65% Mar 26, 2013 - May 22, 2013 | -0.80% Jan 12, 2024 - Feb 1, 2024 |
Correlation
Correlation between FRA and CDX is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (2003 - 2026)
FRA vs CDX dividend yield comparison.
| Year | FRA | CDX |
|---|---|---|
| 2026 | 6.82% | 3.34% |
| 2025 | 12.61% | 7.18% |
| 2024 | 10.80% | 12.60% |
| 2023 | 10.44% | 5.26% |
| 2022 | 6.88% | 7.51% |
| 2021 | 5.96% | 0.00% |
| 2020 | 7.61% | 0.00% |
| 2019 | 6.44% | 0.00% |
| 2018 | 6.90% | 0.00% |
| 2017 | 5.31% | 0.00% |
| 2016 | 5.65% | 0.00% |
| 2015 | 6.17% | 0.00% |
| 2014 | 6.24% | 0.00% |
| 2013 | 6.38% | 0.00% |
| 2012 | 6.81% | 0.00% |
| 2011 | 6.92% | 0.00% |
| 2010 | 6.33% | 0.00% |
| 2009 | 7.77% | 0.00% |
| 2008 | 16.85% | 0.00% |
| 2007 | 9.50% | 0.00% |
| 2006 | 8.09% | 0.00% |
| 2005 | 7.49% | 0.00% |
| 2004 | 5.12% | 0.00% |
| 2003 | 0.38% | 0.00% |
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