Sorting thousands of records
You should split your code up into different methods (this increases readability and makes it possible to profile your code and find bottlenecks). I would create listToArray (which transforms your list to an array, although this isn't really needed), parseInput (which parses A 0.53 to an integer of 0.53, and if you need the original string, you can wrap this up in an object), and sortArray (which performs the actual sorting).
your way of transforming a list to an array is not very stable (what if there are , in your strings?) It also doesn't seem very performant. Use the standard solution for this.
although I'm not sure why you are even doing this, it seems to just add needless computing time.
you seem to be using bubble sort, which has a very bad performance of O(n^2). You should look into other sorting algorithms such as quicksort.
you perform split("\\s") multiple times on the same elements. It would be better to perform this once at the beginning to save a lot of computing.
have you tried using Collections.sort? I would guess that it will perform better, and the code will definitely be cleaner.
be consistent with your spacing, and use more spaces to increase readability (around =, +, etc.


Using Collections.sort your code would look like this:

    // create test list
    List&lt;String&gt; list = new ArrayList&lt;&gt;();
    list.add("B 0.56");
    list.add("E 0.33");
    list.add("A 0.53");

    // sort the list
    Collections.sort(list, (a, b) -&gt; a.split("\\s")[1].compareToIgnoreCase(b.split("\\s")[1]));

    // print sorted list
    for (String list1 : list) {
        System.out.println(list1);
    }


Result:

E 0.33
A 0.53
B 0.56