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.
Performance
BGT vs. BIT - Performance Comparison
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BGT vs. BIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | -1.91% | -0.84% | 16.12% | 26.29% | -16.57% | 25.89% | -0.81% | 18.97% | -11.95% | 3.91% |
BIT BlackRock Multi-Sector Income Trust | -1.37% | 2.31% | 7.43% | 16.78% | -14.41% | 12.04% | 19.67% | 14.50% | -8.04% | 19.97% |
Returns By Period
In the year-to-date period, BGT achieves a -1.91% return, which is significantly lower than BIT's -1.37% return. Over the past 10 years, BGT has underperformed BIT with an annualized return of 6.51%, while BIT has yielded a comparatively higher 7.81% annualized return.
BGT
- 1D
- 3.36%
- 1M
- -1.34%
- YTD
- -1.91%
- 6M
- -5.65%
- 1Y
- -2.13%
- 3Y*
- 10.79%
- 5Y*
- 6.72%
- 10Y*
- 6.51%
BIT
- 1D
- 2.04%
- 1M
- -3.12%
- YTD
- -1.37%
- 6M
- -1.04%
- 1Y
- -0.80%
- 3Y*
- 6.34%
- 5Y*
- 2.95%
- 10Y*
- 7.81%
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Return for Risk
BGT vs. BIT — Risk / Return Rank
BGT
BIT
BGT vs. BIT - Risk-Adjusted Trends 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.
| BGT | BIT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.14 | -0.07 | -0.07 |
Sortino ratioReturn per unit of downside risk | -0.09 | -0.02 | -0.08 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.00 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | -0.20 | -0.07 | -0.13 |
Martin ratioReturn relative to average drawdown | -0.50 | -0.15 | -0.35 |
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
| BGT | BIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.14 | -0.07 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.25 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.49 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.40 | -0.11 |
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.
Dividends
BGT vs. BIT - Dividend Comparison
BGT's dividend yield for the trailing twelve months is around 13.41%, more than BIT's 11.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 13.41% | 12.74% | 11.22% | 10.36% | 6.87% | 5.55% | 7.58% | 6.33% | 6.64% | 5.03% | 5.03% | 6.04% |
BIT BlackRock Multi-Sector Income Trust | 11.72% | 11.15% | 10.17% | 9.90% | 9.58% | 8.18% | 8.46% | 8.84% | 9.12% | 8.44% | 11.65% | 8.66% |
Drawdowns
BGT vs. BIT - Drawdown Comparison
The maximum BGT drawdown since its inception was -58.06%, 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.
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Drawdown Indicators
| BGT | BIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -43.54% | -14.52% |
Max Drawdown (1Y)Largest decline over 1 year | -11.76% | -9.15% | -2.61% |
Max Drawdown (5Y)Largest decline over 5 years | -23.19% | -23.72% | +0.53% |
Max Drawdown (10Y)Largest decline over 10 years | -41.90% | -43.54% | +1.64% |
Current DrawdownCurrent decline from peak | -7.89% | -6.83% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -8.14% | -4.87% | -3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.69% | 4.45% | +0.24% |
Volatility
BGT vs. BIT - Volatility Comparison
BlackRock Floating Rate Income Trust (BGT) has a higher volatility of 4.68% compared to BlackRock Multi-Sector Income Trust (BIT) at 3.96%. 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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Volatility by Period
| BGT | BIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.68% | 3.96% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 7.45% | 5.43% | +2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.04% | 11.51% | +3.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.48% | 12.06% | +1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.31% | 15.99% | -0.68% |