BFRAX vs. XPTFX
Compare and contrast key facts about BlackRock Floating Rate Income Fund (BFRAX) and Federated Hermes Project and Trade Finance Tender Fund (XPTFX).
BFRAX is managed by BlackRock. It was launched on Nov 2, 1989. XPTFX is managed by Federated. It was launched on Jan 31, 2017.
Performance
BFRAX vs. XPTFX - Performance Comparison
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BFRAX vs. XPTFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BFRAX BlackRock Floating Rate Income Fund | -1.16% | 5.35% | 8.12% | 9.94% | -1.43% | 3.59% | 2.39% | 8.60% | -0.74% | 3.00% |
XPTFX Federated Hermes Project and Trade Finance Tender Fund | 1.41% | 7.47% | 8.62% | 8.55% | 3.74% | 1.91% | 2.18% | 4.70% | 4.47% | -0.10% |
Returns By Period
In the year-to-date period, BFRAX achieves a -1.16% return, which is significantly lower than XPTFX's 1.41% return.
BFRAX
- 1D
- 0.11%
- 1M
- 0.21%
- YTD
- -1.16%
- 6M
- 0.13%
- 1Y
- 4.08%
- 3Y*
- 6.28%
- 5Y*
- 4.55%
- 10Y*
- 4.35%
XPTFX
- 1D
- 0.00%
- 1M
- 0.41%
- YTD
- 1.41%
- 6M
- 3.05%
- 1Y
- 7.24%
- 3Y*
- 8.09%
- 5Y*
- 6.17%
- 10Y*
- —
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BFRAX vs. XPTFX - Expense Ratio Comparison
BFRAX has a 0.90% expense ratio, which is higher than XPTFX's 0.41% expense ratio.
Return for Risk
BFRAX vs. XPTFX — Risk / Return Rank
BFRAX
XPTFX
BFRAX vs. XPTFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Fund (BFRAX) and Federated Hermes Project and Trade Finance Tender Fund (XPTFX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BFRAX | XPTFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 2.39 | -1.01 |
Sortino ratioReturn per unit of downside risk | 2.00 | 3.44 | -1.45 |
Omega ratioGain probability vs. loss probability | 1.42 | 2.98 | -1.56 |
Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.46 | -0.46 |
Martin ratioReturn relative to average drawdown | 7.22 | 7.69 | -0.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BFRAX | XPTFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 2.39 | -1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.65 | 2.46 | -0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 2.31 | -1.95 |
Correlation
The correlation between BFRAX and XPTFX is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BFRAX vs. XPTFX - Dividend Comparison
BFRAX's dividend yield for the trailing twelve months is around 6.13%, which matches XPTFX's 6.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFRAX BlackRock Floating Rate Income Fund | 6.13% | 6.68% | 8.00% | 6.24% | 4.09% | 2.91% | 3.81% | 4.65% | 4.58% | 3.45% | 3.90% | 4.02% |
XPTFX Federated Hermes Project and Trade Finance Tender Fund | 6.12% | 7.24% | 6.78% | 6.66% | 5.70% | 2.21% | 2.74% | 4.62% | 4.60% | 0.00% | 0.00% | 0.00% |
Drawdowns
BFRAX vs. XPTFX - Drawdown Comparison
The maximum BFRAX drawdown since its inception was -44.69%, which is greater than XPTFX's maximum drawdown of -2.95%. Use the drawdown chart below to compare losses from any high point for BFRAX and XPTFX.
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Drawdown Indicators
| BFRAX | XPTFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.69% | -2.95% | -41.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.10% | -1.96% | -0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -6.43% | -2.95% | -3.48% |
Max Drawdown (10Y)Largest decline over 10 years | -20.61% | — | — |
Current DrawdownCurrent decline from peak | -1.36% | -0.57% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -0.27% | -6.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.63% | -0.02% |
Volatility
BFRAX vs. XPTFX - Volatility Comparison
BlackRock Floating Rate Income Fund (BFRAX) has a higher volatility of 0.66% compared to Federated Hermes Project and Trade Finance Tender Fund (XPTFX) at 0.30%. This indicates that BFRAX's price experiences larger fluctuations and is considered to be riskier than XPTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BFRAX | XPTFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 0.30% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 1.65% | 2.89% | -1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.98% | 3.80% | -0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.76% | 2.52% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.94% | 2.03% | +1.91% |