FRA vs CEMB

Comparison between Blackrock Floating Rate Income Strategies Fund Inc (FRA, ETF) and ISHARES J.P. MORGAN EM CORPORATE BOND ETF (CEMB, ETF).

5-Year PerformanceFRA has outperformed CEMB, delivering a return of +6.6% compared to +1.9%

FRA vs CEMB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FRA(ETF)	CEMB(ETF)
Net Assets	$403M	$404M
Expense Ratio	N/A	0.50%
Max Drawdown	61.81%	25.91%
Sharpe Ratio	-0.92	0.09
5Y Beta	0.37	0.13
5Y Dividends CAGR	13.98%	3.26%

Net Assets

FRA

$403M

Winner

CEMB

$404M

Expense Ratio

FRA

N/A

CEMB

0.50%

Max Drawdown

FRA

61.81%

Winner

CEMB

25.91%

Sharpe Ratio

FRA

-0.92

Winner

CEMB

0.09

5Y Beta

FRA

0.37

Winner

CEMB

0.13

5Y Dividends CAGR

Winner

FRA

13.98%

CEMB

3.26%

FRA vs CEMB - Historical Returns

Returns include dividend reinvestment.

Period	FRA	CEMB
1 month	+2.82%	+0.82%
3 months	+1.96%	+0.75%
6 months	+3.71%	+0.49%
1 year	-5.83%	+4.21%
5 years(CAGR)	+6.61%	+1.88%
10 years(CAGR)	+6.39%	+3.37%
Max(CAGR)	+5.20%	+3.66%

Winner

FRA

+2.82%

CEMB

+0.82%

Winner

FRA

+1.96%

CEMB

+0.75%

Winner

FRA

+3.71%

CEMB

+0.49%

FRA

-5.83%

Winner

CEMB

+4.21%

5Y(CAGR)

Winner

FRA

+6.61%

CEMB

+1.88%

10Y(CAGR)

Winner

FRA

+6.39%

CEMB

+3.37%

Max(CAGR)

Winner

FRA

+5.20%

CEMB

+3.66%

FRA vs CEMB - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	FRA	CEMB
2026	+1.58%	+2.08%
2025	-3.57%	+8.77%
2024	+21.71%	+6.15%
2023	+24.07%	+8.26%
2022	-10.11%	-12.21%
2021	+19.27%	-0.61%
2020	-2.72%	+6.46%
2019	+18.72%	+13.74%
2018	-9.21%	-3.04%
2017	+0.49%	+6.77%
2016	+18.78%	+10.83%
2015	+2.35%	-1.70%
2014	-2.22%	+0.11%
2013	+1.55%	-5.29%
2012	+20.31%	+9.22%
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 CEMB Drawdown Comparison

The maximum drawdown for FRA was -51.41%, occurring on Dec 15, 2008. Recovery took 655 trading sessions.

The maximum drawdown for CEMB was -20.84%, occurring on Mar 19, 2020. Recovery took 114 trading sessions.

The current FRA drawdown is -7.16%.

Rank	FRA	CEMB
#1	-51.41% Jun 19, 2007 - Jan 25, 2010	-20.84% Feb 21, 2020 - Aug 4, 2020
#2	-42.81% Jan 22, 2020 - Jan 14, 2021	-20.49% Sep 13, 2021 - Sep 27, 2024
#3	-21.89% Jun 2, 2011 - Aug 30, 2012	-11.84% May 2, 2013 - Jun 2, 2014
#4	-20.14% Apr 26, 2010 - May 12, 2011	-9.58% May 11, 2015 - Apr 4, 2016
#5	-18.78% Dec 16, 2024 - Aug 26, 2025	-7.73% Jul 10, 2014 - Apr 24, 2015
#6	-18.63% Feb 9, 2022 - Jul 14, 2023	-5.60% Jan 11, 2018 - Feb 4, 2019
#7	-15.86% May 2, 2018 - Dec 9, 2019	-4.05% Oct 25, 2016 - Jan 9, 2017
#8	-15.46% Aug 28, 2025 - Mar 27, 2026	-3.10% Feb 28, 2025 - May 29, 2025
#9	-14.87% May 24, 2013 - Sep 8, 2016	-2.88% Feb 27, 2026 - Jun 1, 2026
#10	-10.36% Mar 9, 2005 - Sep 5, 2006	-2.75% May 7, 2012 - Jun 21, 2012
#11	-7.92% Sep 22, 2023 - Dec 13, 2023	-2.49% Feb 10, 2021 - Jun 15, 2021
#12	-7.28% Jul 26, 2024 - Oct 4, 2024	-2.49% May 12, 2016 - Jul 8, 2016
#13	-6.18% Mar 11, 2010 - Apr 13, 2010	-2.29% Jan 24, 2013 - Apr 5, 2013
#14	-5.84% Oct 25, 2012 - Dec 21, 2012	-2.11% Sep 27, 2024 - Feb 24, 2025
#15	-5.65% Mar 26, 2013 - May 22, 2013	-2.11% Sep 11, 2012 - Oct 16, 2012

Correlation

Correlation between FRA and CEMB is 0.87 which considered as a strong positive correlation - the stocks tend to move together.

0.87

-101

Dividend Comparison (2003 - 2026)

FRA vs CEMB dividend yield comparison.

Year	FRA	CEMB
2026	9.05%	3.02%
2025	12.61%	5.14%
2024	10.80%	5.11%
2023	10.44%	4.77%
2022	6.88%	4.29%
2021	5.96%	3.51%
2020	7.61%	3.86%
2019	6.44%	4.19%
2018	6.90%	4.66%
2017	5.31%	4.06%
2016	5.65%	4.26%
2015	6.17%	4.76%
2014	6.24%	4.23%
2013	6.38%	3.93%
2012	6.81%	2.50%
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%