BGB vs. FQTIX
BGB (Blackstone GSO Strategic Credit Closed Fund) and FQTIX (Franklin Templeton SMACS: Series I) are both High Yield Bonds funds. Over the past 5 years, BGB returned 4.65%/yr vs 3.53%/yr for FQTIX. Their 0.35 correlation means their historical movements had little consistent relationship. BGB charges 2.36%/yr vs 0.00%/yr for FQTIX.
Performance
BGB vs. FQTIX - Performance Comparison
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Returns By Period
In the year-to-date period, BGB achieves a -1.21% return, which is significantly lower than FQTIX's 3.15% return.
BGB
- 1D
- 0.00%
- 1M
- -0.66%
- 6M
- -1.21%
- YTD
- -1.21%
- 1Y
- -2.25%
- 3Y*
- 9.67%
- 5Y*
- 4.65%
- 10Y*
- 6.12%
- ALL TIME*
- 4.25%
FQTIX
- 1D
- 0.12%
- 1M
- -0.78%
- 6M
- 1.81%
- YTD
- 3.15%
- 1Y
- 7.49%
- 3Y*
- 7.86%
- 5Y*
- 3.53%
- 10Y*
- —
- ALL TIME*
- 4.42%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.47M | $1.35M | $1.36M | |
| $0.00 | $0.00 | $0.00 |
BGB vs. FQTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BGB Blackstone GSO Strategic Credit Closed Fund | -1.21% | 4.80% | 18.69% | 19.50% | -16.06% | 15.41% | -4.69% | 6.57% |
FQTIX Franklin Templeton SMACS: Series I | 3.15% | 7.51% | 8.03% | 13.44% | -14.39% | 8.51% | 3.68% | 4.11% |
Correlation
The correlation between BGB and FQTIX is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2019 | 0.35 |
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Return for Risk
BGB vs. FQTIX — Risk / Return Rank
BGB
FQTIX
BGB vs. FQTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone GSO Strategic Credit Closed Fund (BGB) and Franklin Templeton SMACS: Series I (FQTIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BGB | FQTIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.73 | ||
| Sortino ratioReturn per unit of downside risk | -4.00 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.53 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 3.37 | -3.64 |
| Martin ratioReturn relative to average drawdown | -0.52 | 16.44 | -16.96 |
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Drawdowns
BGB vs. FQTIX - Drawdown Comparison
The maximum BGB drawdown since its inception was -44.87%, which is greater than FQTIX's maximum drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for BGB and FQTIX.
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Drawdown Indicators
| BGB | FQTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.87% | -24.62% | -20.25% |
Max Drawdown (1Y)Largest decline over 1 year | -9.06% | -2.20% | -6.86% |
Max Drawdown (3Y)Largest decline over 3 years | -12.77% | -5.59% | -7.18% |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | -18.81% | -2.42% |
Max Drawdown (10Y)Largest decline over 10 years | -44.87% | — | — |
Current DrawdownCurrent decline from peak | -4.57% | -0.91% | -3.66% |
Average DrawdownAverage peak-to-trough decline | -5.96% | -4.23% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 0.45% | +4.20% |
Volatility
BGB vs. FQTIX - Volatility Comparison
Blackstone GSO Strategic Credit Closed Fund (BGB) has a higher volatility of 0.74% compared to Franklin Templeton SMACS: Series I (FQTIX) at 0.60%. This indicates that BGB's price experiences larger fluctuations and is considered to be riskier than FQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGB | FQTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.60% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 5.31% | 2.41% | +2.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.40% | 3.09% | +4.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.84% | 5.94% | +4.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 7.64% | +8.42% |
BGB vs. FQTIX - Expense Ratio Comparison
BGB has a 2.36% expense ratio, which is higher than FQTIX's 0.00% expense ratio.
Dividends
BGB vs. FQTIX - Dividend Comparison
BGB's dividend yield for the trailing twelve months is around 8.44%, more than FQTIX's 7.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGB Blackstone GSO Strategic Credit Closed Fund | 8.44% | 8.58% | 9.26% | 10.69% | 7.35% | 6.63% | 8.77% | 9.30% | 11.18% | 7.35% | 8.76% | 9.42% |
FQTIX Franklin Templeton SMACS: Series I | 7.05% | 5.70% | 7.86% | 7.64% | 8.10% | 7.15% | 6.89% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BGB and FQTIX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGB has higher volatility (0.74%) compared to FQTIX (0.60%). In terms of maximum drawdown, BGB dropped -44.87% vs FQTIX's -24.62%.
FQTIX currently has the higher Sharpe Ratio (2.41 vs -0.33), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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