BGT vs. BND
BGT (BlackRock Floating Rate Income Trust) and BND (Vanguard Total Bond Market ETF) are both funds - BGT is a Bank Loan fund managed by BlackRock, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Over the past 10 years, BGT returned 6.41%/yr vs 1.40%/yr for BND. Their -0.02 correlation means they have often moved in opposite directions in the past. BGT charges 1.74%/yr vs 0.03%/yr for BND.
Performance
BGT vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, BGT achieves a 2.82% return, which is significantly higher than BND's -0.30% return. Over the past 10 years, BGT has outperformed BND with an annualized return of 6.41%, while BND has yielded a comparatively lower 1.40% annualized return.
BGT
- 1D
- -0.37%
- 1M
- 2.55%
- 6M
- 0.60%
- YTD
- 2.82%
- 1Y
- -3.45%
- 3Y*
- 8.64%
- 5Y*
- 6.69%
- 10Y*
- 6.41%
- ALL TIME*
- 5.38%
BND
- 1D
- 0.24%
- 1M
- -0.97%
- 6M
- -0.42%
- YTD
- -0.30%
- 1Y
- 2.00%
- 3Y*
- 4.04%
- 5Y*
- -0.43%
- 10Y*
- 1.40%
- ALL TIME*
- 3.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.54M | $1.32M | $1.16M | |
| $459.14M | $504.12M | $590.88M |
BGT vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 2.82% | -0.84% | 16.12% | 26.29% | -16.57% | 25.89% | -0.81% | 18.97% | -11.95% | 3.91% |
BND Vanguard Total Bond Market ETF | -0.30% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between BGT and BND is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007 | -0.02 |
The correlation between BGT and BND shifts across timeframes, from -0.02 (all time) to 0.11 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BGT vs. BND — Risk / Return Rank
BGT
BND
BGT vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Trust (BGT) and Vanguard Total Bond Market ETF (BND). 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 | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.09 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 0.75 | -1.07 |
| Martin ratioReturn relative to average drawdown | -0.65 | 1.86 | -2.52 |
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Drawdowns
BGT vs. BND - Drawdown Comparison
The maximum BGT drawdown since its inception was -58.06%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for BGT and BND.
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Drawdown Indicators
| BGT | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -18.58% | -39.48% |
Max Drawdown (1Y)Largest decline over 1 year | -10.93% | -2.68% | -8.25% |
Max Drawdown (3Y)Largest decline over 3 years | -15.91% | -4.81% | -11.10% |
Max Drawdown (5Y)Largest decline over 5 years | -23.19% | -17.81% | -5.38% |
Max Drawdown (10Y)Largest decline over 10 years | -41.90% | -18.58% | -23.32% |
Current DrawdownCurrent decline from peak | -3.45% | -2.92% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -8.10% | -3.06% | -5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.41% | 1.07% | +4.34% |
Volatility
BGT vs. BND - Volatility Comparison
BlackRock Floating Rate Income Trust (BGT) has a higher volatility of 3.12% compared to Vanguard Total Bond Market ETF (BND) at 1.02%. This indicates that BGT's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGT | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 1.02% | +2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 7.44% | 2.91% | +4.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 3.61% | +6.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.60% | 6.03% | +7.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.35% | 5.53% | +9.82% |
BGT vs. BND - Expense Ratio Comparison
BGT has a 1.74% expense ratio, which is higher than BND's 0.03% expense ratio.
Dividends
BGT vs. BND - Dividend Comparison
BGT's dividend yield for the trailing twelve months is around 13.38%, more than BND's 4.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 13.38% | 12.74% | 11.22% | 10.36% | 6.87% | 5.55% | 7.58% | 6.33% | 6.64% | 5.03% | 5.03% | 6.04% |
BND Vanguard Total Bond Market ETF | 4.04% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Frequently Asked Questions
BGT and BND have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGT has higher volatility (3.12%) compared to BND (1.02%). In terms of maximum drawdown, BGT dropped -58.06% vs BND's -18.58%.
BND currently has the higher Sharpe Ratio (0.56 vs -0.35), 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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