BGT vs. BIT
Compare and contrast key facts about BlackRock Floating Rate Income Trust (BGT) and BlackRock Multi-Sector Income Trust (BIT).
BGT is managed by Blackrock. It was launched on Aug 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BGT or BIT.
Correlation
The correlation between BGT and BIT is 0.31, 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.
Performance
BGT vs. BIT - Performance Comparison
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Key characteristics
BGT:
0.10
BIT:
0.28
BGT:
0.35
BIT:
0.43
BGT:
1.05
BIT:
1.07
BGT:
0.19
BIT:
0.30
BGT:
0.67
BIT:
1.22
BGT:
4.57%
BIT:
2.52%
BGT:
16.63%
BIT:
11.34%
BGT:
-58.31%
BIT:
-43.54%
BGT:
-6.13%
BIT:
-1.33%
Returns By Period
In the year-to-date period, BGT achieves a -2.19% return, which is significantly lower than BIT's 1.45% return. Over the past 10 years, BGT has underperformed BIT with an annualized return of 6.59%, while BIT has yielded a comparatively higher 7.67% annualized return.
BGT
-2.19%
3.95%
-2.42%
1.22%
12.32%
6.59%
BIT
1.45%
7.05%
1.03%
3.28%
11.43%
7.67%
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Risk-Adjusted Performance
BGT vs. BIT — Risk-Adjusted Performance Rank
BGT
BIT
BGT vs. BIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Trust (BGT) and BlackRock Multi-Sector Income Trust (BIT). 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.
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Dividends
BGT vs. BIT - Dividend Comparison
BGT's dividend yield for the trailing twelve months is around 11.93%, more than BIT's 10.37% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 11.93% | 11.22% | 10.36% | 6.87% | 5.55% | 7.58% | 6.33% | 6.64% | 5.03% | 5.44% | 6.04% | 6.65% |
BIT BlackRock Multi-Sector Income Trust | 10.37% | 10.17% | 9.90% | 9.58% | 8.18% | 8.46% | 8.84% | 9.12% | 8.44% | 11.65% | 9.40% | 8.85% |
Drawdowns
BGT vs. BIT - Drawdown Comparison
The maximum BGT drawdown since its inception was -58.31%, which is greater than BIT's maximum drawdown of -43.54%. Use the drawdown chart below to compare losses from any high point for BGT and BIT. For additional features, visit the drawdowns tool.
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Volatility
BGT vs. BIT - Volatility Comparison
BlackRock Floating Rate Income Trust (BGT) has a higher volatility of 4.52% compared to BlackRock Multi-Sector Income Trust (BIT) at 3.54%. This indicates that BGT's price experiences larger fluctuations and is considered to be riskier than BIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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