GNMA vs FRA

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

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

GNMA vs FRA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

GNMA

$412M

FRA

$411M

Expense Ratio

GNMA

0.10%

FRA

N/A

Max Drawdown

Winner

GNMA

23.27%

FRA

61.81%

Sharpe Ratio

Winner

GNMA

0.41

FRA

-0.63

5Y Beta

Winner

GNMA

0.04

FRA

0.40

5Y Dividends CAGR

Winner

GNMA

18.02%

FRA

13.01%

GNMA vs FRA - Historical Returns

Returns include dividend reinvestment.

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

Winner

GNMA

-0.37%

FRA

-0.61%

GNMA

-1.08%

Winner

FRA

+0.95%

Winner

GNMA

+0.73%

FRA

-1.30%

Winner

GNMA

+5.72%

FRA

-3.87%

5Y(CAGR)

GNMA

+0.46%

Winner

FRA

+6.53%

10Y(CAGR)

GNMA

+1.18%

Winner

FRA

+6.31%

Max(CAGR)

GNMA

+1.34%

Winner

FRA

+5.07%

GNMA vs FRA - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	GNMA	FRA
2026	+0.57%	-2.17%
2025	+8.45%	-3.57%
2024	+1.71%	+21.71%
2023	+4.84%	+24.07%
2022	-10.46%	-10.11%
2021	-1.82%	+19.27%
2020	+3.43%	-2.72%
2019	+5.88%	+18.72%
2018	+0.79%	-9.21%
2017	+1.79%	+0.49%
2016	+0.96%	+18.78%
2015	+0.80%	+2.35%
2014	+6.51%	-2.22%
2013	-2.32%	+1.55%
2012	+1.55%	+20.31%
2011	N/A	-4.69%
2010	N/A	+11.74%
2009	N/A	+66.49%
2008	N/A	-38.85%
2007	N/A	-3.77%
2006	N/A	+14.89%
2005	N/A	-2.46%
2004	N/A	+0.22%
2003	N/A	-1.38%

GNMA vs FRA Drawdown Comparison

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

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

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

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

Correlation

Correlation between GNMA and FRA 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)

GNMA vs FRA dividend yield comparison.

Year	GNMA	FRA
2026	1.75%	5.68%
2025	4.19%	12.61%
2024	4.15%	10.80%
2023	3.43%	10.44%
2022	2.01%	6.88%
2021	0.64%	5.96%
2020	1.89%	7.61%
2019	2.61%	6.44%
2018	2.41%	6.90%
2017	2.15%	5.31%
2016	1.89%	5.65%
2015	1.50%	6.17%
2014	1.22%	6.24%
2013	1.06%	6.38%
2012	1.29%	6.81%
2011	0.00%	6.92%
2010	0.00%	6.33%
2009	0.00%	7.77%
2008	0.00%	16.85%
2007	0.00%	9.50%
2006	0.00%	8.09%
2005	0.00%	7.49%
2004	0.00%	5.12%
2003	0.00%	0.38%