BGT vs. BDMIX
BGT (BlackRock Floating Rate Income Trust) and BDMIX (BlackRock Global Equity Market Neutral Fund Class I) are both mutual funds - BGT is a Bank Loan fund managed by BlackRock, while BDMIX is a Equity Market Neutral fund managed by BlackRock. Over the past 10 years, BGT returned 6.31%/yr vs 8.49%/yr for BDMIX. At a 0.02 correlation, their price movements are largely independent. BGT charges 1.74%/yr vs 1.34%/yr for BDMIX.
Performance
BGT vs. BDMIX - Performance Comparison
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Returns By Period
In the year-to-date period, BGT achieves a 1.58% return, which is significantly lower than BDMIX's 11.18% return. Over the past 10 years, BGT has underperformed BDMIX with an annualized return of 6.31%, while BDMIX has yielded a comparatively higher 8.49% annualized return.
BGT
- 1D
- 1.13%
- 1M
- 1.41%
- 6M
- -0.87%
- YTD
- 1.58%
- 1Y
- -2.30%
- 3Y*
- 9.40%
- 5Y*
- 6.58%
- 10Y*
- 6.31%
BDMIX
- 1D
- -0.06%
- 1M
- -1.04%
- 6M
- 9.60%
- YTD
- 11.18%
- 1Y
- 22.54%
- 3Y*
- 20.56%
- 5Y*
- 12.84%
- 10Y*
- 8.49%
BGT vs. BDMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 1.58% | -0.84% | 16.12% | 26.29% | -16.57% | 25.89% | -0.81% | 18.97% | -11.95% | 3.91% |
BDMIX BlackRock Global Equity Market Neutral Fund Class I | 11.18% | 18.30% | 21.39% | 14.55% | 1.80% | 3.34% | 0.29% | -0.85% | 2.20% | 12.85% |
Correlation
The correlation between BGT and BDMIX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.02 |
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Return for Risk
BGT vs. BDMIX — Risk / Return Rank
BGT
BDMIX
BGT vs. BDMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Trust (BGT) and BlackRock Global Equity Market Neutral Fund Class I (BDMIX). 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.
| BGT | BDMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.40 | ||
| Sortino ratioReturn per unit of downside risk | -4.85 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.59 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 7.06 | -7.27 |
| Martin ratioReturn relative to average drawdown | -0.43 | 19.12 | -19.55 |
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Drawdowns
BGT vs. BDMIX - Drawdown Comparison
The maximum BGT drawdown since its inception was -58.06%, which is greater than BDMIX's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for BGT and BDMIX.
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Drawdown Indicators
| BGT | BDMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -11.89% | -46.17% |
Max Drawdown (1Y)Largest decline over 1 year | -11.06% | -3.24% | -7.82% |
Max Drawdown (3Y)Largest decline over 3 years | -15.91% | -4.07% | -11.84% |
Max Drawdown (5Y)Largest decline over 5 years | -23.19% | -5.31% | -17.88% |
Max Drawdown (10Y)Largest decline over 10 years | -41.90% | -9.44% | -32.46% |
Current DrawdownCurrent decline from peak | -4.62% | -1.82% | -2.80% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -2.67% | -5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.33% | 1.20% | +4.13% |
Volatility
BGT vs. BDMIX - Volatility Comparison
The current volatility for BlackRock Floating Rate Income Trust (BGT) is 2.20%, while BlackRock Global Equity Market Neutral Fund Class I (BDMIX) has a volatility of 2.46%. This indicates that BGT experiences smaller price fluctuations and is considered to be less risky than BDMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGT | BDMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 2.46% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 7.05% | 5.07% | +1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.87% | 7.25% | +2.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.57% | 6.62% | +6.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.33% | 5.87% | +9.46% |
BGT vs. BDMIX - Expense Ratio Comparison
BGT has a 1.74% expense ratio, which is higher than BDMIX's 1.34% expense ratio.
Dividends
BGT vs. BDMIX - Dividend Comparison
BGT's dividend yield for the trailing twelve months is around 13.39%, more than BDMIX's 8.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDMIX BlackRock Global Equity Market Neutral Fund Class I | 8.04% | 8.94% | 13.26% | 7.42% | 0.00% | 1.23% | 0.30% | 6.78% | 0.94% | 0.00% | 0.00% | 1.86% |
BGT BlackRock Floating Rate Income Trust | 13.39% | 12.74% | 11.22% | 10.36% | 6.87% | 5.55% | 7.58% | 6.33% | 6.64% | 5.03% | 5.03% | 6.04% |
Frequently Asked Questions
BGT and BDMIX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDMIX has higher volatility (2.46%) compared to BGT (2.20%). In terms of maximum drawdown, BGT dropped -58.06% vs BDMIX's -11.89%.
BDMIX currently has the higher Sharpe Ratio (3.16 vs -0.23), 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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