BGT vs. BGSAX
BGT (BlackRock Floating Rate Income Trust) and BGSAX (BlackRock Technology Opportunities Fund Investor A) are both mutual funds - BGT is a Bank Loan fund managed by BlackRock, while BGSAX is a Technology Equities fund managed by BlackRock. Over the past 10 years, BGT returned 6.36%/yr vs 25.57%/yr for BGSAX. At a 0.26 correlation, their price movements are largely independent. BGT charges 1.74%/yr vs 1.20%/yr for BGSAX.
Performance
BGT vs. BGSAX - Performance Comparison
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Returns By Period
In the year-to-date period, BGT achieves a -0.21% return, which is significantly lower than BGSAX's 35.11% return. Over the past 10 years, BGT has underperformed BGSAX with an annualized return of 6.36%, while BGSAX has yielded a comparatively higher 25.57% annualized return.
BGT
- 1D
- -0.28%
- 1M
- -1.20%
- YTD
- -0.21%
- 6M
- -0.43%
- 1Y
- -2.39%
- 3Y*
- 10.06%
- 5Y*
- 6.52%
- 10Y*
- 6.36%
BGSAX
- 1D
- -5.96%
- 1M
- 2.68%
- YTD
- 35.11%
- 6M
- 33.45%
- 1Y
- 52.07%
- 3Y*
- 37.13%
- 5Y*
- 14.38%
- 10Y*
- 25.57%
BGT vs. BGSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | -0.21% | -0.84% | 16.12% | 26.29% | -16.57% | 25.89% | -0.81% | 18.97% | -11.95% | 3.91% |
BGSAX BlackRock Technology Opportunities Fund Investor A | 35.11% | 19.63% | 40.56% | 49.09% | -43.13% | 8.19% | 86.27% | 43.84% | 2.03% | 49.45% |
Correlation
The correlation between BGT and BGSAX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2004 | 0.26 |
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Return for Risk
BGT vs. BGSAX — Risk / Return Rank
BGT
BGSAX
BGT vs. BGSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Trust (BGT) and BlackRock Technology Opportunities Fund Investor A (BGSAX). 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 | BGSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.19 | ||
| Sortino ratioReturn per unit of downside risk | -2.72 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.34 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 3.01 | -3.22 |
| Martin ratioReturn relative to average drawdown | -0.46 | 8.77 | -9.23 |
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Drawdowns
BGT vs. BGSAX - Drawdown Comparison
The maximum BGT drawdown since its inception was -58.06%, smaller than the maximum BGSAX drawdown of -73.75%. Use the drawdown chart below to compare losses from any high point for BGT and BGSAX.
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Drawdown Indicators
| BGT | BGSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -73.75% | +15.69% |
Max Drawdown (1Y)Largest decline over 1 year | -11.06% | -18.49% | +7.43% |
Max Drawdown (3Y)Largest decline over 3 years | -15.91% | -27.75% | +11.84% |
Max Drawdown (5Y)Largest decline over 5 years | -23.19% | -49.22% | +26.03% |
Max Drawdown (10Y)Largest decline over 10 years | -41.90% | -49.22% | +7.32% |
Current DrawdownCurrent decline from peak | -6.30% | -6.17% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -26.32% | +18.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.17% | 6.33% | -1.16% |
Volatility
BGT vs. BGSAX - Volatility Comparison
The current volatility for BlackRock Floating Rate Income Trust (BGT) is 1.42%, while BlackRock Technology Opportunities Fund Investor A (BGSAX) has a volatility of 15.70%. This indicates that BGT experiences smaller price fluctuations and is considered to be less risky than BGSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGT | BGSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 15.70% | -14.28% |
Volatility (6M)Calculated over the trailing 6-month period | 7.02% | 24.45% | -17.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.94% | 28.53% | -18.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.56% | 28.46% | -14.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.34% | 26.23% | -10.89% |
BGT vs. BGSAX - Expense Ratio Comparison
BGT has a 1.74% expense ratio, which is higher than BGSAX's 1.20% expense ratio.
Dividends
BGT vs. BGSAX - Dividend Comparison
BGT's dividend yield for the trailing twelve months is around 13.63%, more than BGSAX's 10.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGSAX BlackRock Technology Opportunities Fund Investor A | 10.03% | 13.55% | 8.68% | 0.00% | 0.00% | 7.66% | 4.86% | 1.50% | 1.24% | 8.01% | 1.17% | 0.00% |
BGT BlackRock Floating Rate Income Trust | 13.63% | 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 BGSAX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGSAX has higher volatility (15.70%) compared to BGT (1.42%). In terms of maximum drawdown, BGT dropped -58.06% vs BGSAX's -73.75%.
BGSAX currently has the higher Sharpe Ratio (1.95 vs -0.24), 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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