FRA vs GNMA

Comparison between Blackrock Floating Rate Income Strategies Fund Inc (FRA, ETF) and ISHARES GNMA BOND ETF (GNMA, ETF).

5-Year PerformanceFRA has outperformed GNMA, delivering a return of +6.5% compared to +0.5%

FRA vs GNMA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FRA(ETF)	GNMA(ETF)
Net Assets	$411M	$412M
Expense Ratio	N/A	0.10%
Max Drawdown	61.81%	23.27%
Sharpe Ratio	-0.63	0.41
5Y Beta	0.40	0.04
5Y Dividends CAGR	13.01%	18.02%

Net Assets

FRA

$411M

Winner

GNMA

$412M

Expense Ratio

FRA

N/A

GNMA

0.10%

Max Drawdown

FRA

61.81%

Winner

GNMA

23.27%

Sharpe Ratio

FRA

-0.63

Winner

GNMA

0.41

5Y Beta

FRA

0.40

Winner

GNMA

0.04

5Y Dividends CAGR

FRA

13.01%

Winner

GNMA

18.02%

FRA vs GNMA - Historical Returns

Returns include dividend reinvestment.

Period	FRA	GNMA
1 month	-0.61%	-0.37%
3 months	+0.95%	-1.08%
6 months	-1.30%	+0.73%
1 year	-3.87%	+5.72%
5 years(CAGR)	+6.53%	+0.46%
10 years(CAGR)	+6.31%	+1.18%
Max(CAGR)	+5.07%	+1.34%

FRA

-0.61%

Winner

GNMA

-0.37%

Winner

FRA

+0.95%

GNMA

-1.08%

FRA

-1.30%

Winner

GNMA

+0.73%

FRA

-3.87%

Winner

GNMA

+5.72%

5Y(CAGR)

Winner

FRA

+6.53%

GNMA

+0.46%

10Y(CAGR)

Winner

FRA

+6.31%

GNMA

+1.18%

Max(CAGR)

Winner

FRA

+5.07%

GNMA

+1.34%

FRA vs GNMA - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	FRA	GNMA
2026	-2.17%	+0.57%
2025	-3.57%	+8.45%
2024	+21.71%	+1.71%
2023	+24.07%	+4.84%
2022	-10.11%	-10.46%
2021	+19.27%	-1.82%
2020	-2.72%	+3.43%
2019	+18.72%	+5.88%
2018	-9.21%	+0.79%
2017	+0.49%	+1.79%
2016	+18.78%	+0.96%
2015	+2.35%	+0.80%
2014	-2.22%	+6.51%
2013	+1.55%	-2.32%
2012	+20.31%	+1.55%
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 GNMA Drawdown Comparison

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

The maximum drawdown for GNMA was -17.09%, occurring on Oct 20, 2022. Recovery took 1416 trading sessions.

The current FRA drawdown is -10.59%. The current GNMA drawdown is -1.75%.

Rank	FRA	GNMA
#1	-51.41% Jun 19, 2007 - Jan 25, 2010	-17.09% Apr 8, 2020 - Nov 25, 2025
#2	-42.81% Jan 22, 2020 - Jan 14, 2021	-9.58% Aug 15, 2012 - Jan 20, 2016
#3	-21.89% Jun 2, 2011 - Aug 30, 2012	-3.06% Aug 10, 2016 - Sep 5, 2017
#4	-20.14% Apr 26, 2010 - May 12, 2011	-2.96% Sep 5, 2017 - Dec 28, 2018
#5	-18.78% Dec 16, 2024 - Aug 26, 2025	-2.61% Feb 27, 2026 - May 19, 2026
#6	-18.63% Feb 9, 2022 - Jul 14, 2023	-2.52% Mar 9, 2020 - Mar 24, 2020
#7	-15.86% May 2, 2018 - Dec 9, 2019	-1.33% Jun 15, 2012 - Jul 31, 2012
#8	-15.46% Aug 28, 2025 - Mar 27, 2026	-1.27% May 31, 2012 - Jun 15, 2012
#9	-14.87% May 24, 2013 - Sep 8, 2016	-1.25% Feb 11, 2016 - Jun 10, 2016
#10	-10.36% Mar 9, 2005 - Sep 5, 2006	-1.10% Aug 9, 2012 - Aug 15, 2012
#11	-7.92% Sep 22, 2023 - Dec 13, 2023	-1.05% Aug 2, 2012 - Aug 9, 2012
#12	-7.28% Jul 26, 2024 - Oct 4, 2024	-0.84% May 16, 2012 - May 31, 2012
#13	-6.18% Mar 11, 2010 - Apr 13, 2010	-0.84% Mar 13, 2012 - Mar 29, 2012
#14	-5.84% Oct 25, 2012 - Dec 21, 2012	-0.79% Nov 25, 2025 - Dec 31, 2025
#15	-5.65% Mar 26, 2013 - May 22, 2013	-0.72% Mar 28, 2019 - May 6, 2019

Correlation

Correlation between FRA and GNMA is 0.59 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.59

-101

Dividend Comparison (2003 - 2026)

FRA vs GNMA dividend yield comparison.

Year	FRA	GNMA
2026	5.68%	1.75%
2025	12.61%	4.19%
2024	10.80%	4.15%
2023	10.44%	3.43%
2022	6.88%	2.01%
2021	5.96%	0.64%
2020	7.61%	1.89%
2019	6.44%	2.61%
2018	6.90%	2.41%
2017	5.31%	2.15%
2016	5.65%	1.89%
2015	6.17%	1.50%
2014	6.24%	1.22%
2013	6.38%	1.06%
2012	6.81%	1.29%
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%