BGT vs. BSIIX
BGT (BlackRock Floating Rate Income Trust) and BSIIX (BlackRock Strategic Income Opportunities Fund Class I) are both mutual funds - BGT is a Bank Loan fund managed by BlackRock, while BSIIX is a Total Bond Market fund managed by BlackRock. Over the past 10 years, BGT returned 6.41%/yr vs 3.60%/yr for BSIIX. Their 0.15 correlation means their historical movements had little consistent relationship. BGT charges 1.74%/yr vs 0.69%/yr for BSIIX.
Performance
BGT vs. BSIIX - 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 BSIIX's 0.93% return. Over the past 10 years, BGT has outperformed BSIIX with an annualized return of 6.41%, while BSIIX has yielded a comparatively lower 3.60% 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%
BSIIX
- 1D
- -0.10%
- 1M
- -1.23%
- 6M
- 0.10%
- YTD
- 0.93%
- 1Y
- 4.13%
- 3Y*
- 6.32%
- 5Y*
- 2.73%
- 10Y*
- 3.60%
- ALL TIME*
- 3.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.54M | $1.32M | $1.16M | |
| $0.00 | $0.00 | $0.00 |
BGT vs. BSIIX - 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% |
BSIIX BlackRock Strategic Income Opportunities Fund Class I | 0.93% | 8.59% | 5.22% | 6.18% | -6.14% | 0.80% | 7.22% | 7.65% | -0.42% | 4.89% |
Correlation
The correlation between BGT and BSIIX is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2008 | 0.15 |
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Return for Risk
BGT vs. BSIIX — Risk / Return Rank
BGT
BSIIX
BGT vs. BSIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Trust (BGT) and BlackRock Strategic Income Opportunities Fund Class I (BSIIX). 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 | BSIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.78 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.30 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 1.61 | -1.93 |
| Martin ratioReturn relative to average drawdown | -0.65 | 5.86 | -6.51 |
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Drawdowns
BGT vs. BSIIX - Drawdown Comparison
The maximum BGT drawdown since its inception was -58.06%, which is greater than BSIIX's maximum drawdown of -18.76%. Use the drawdown chart below to compare losses from any high point for BGT and BSIIX.
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Drawdown Indicators
| BGT | BSIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -18.76% | -39.30% |
Max Drawdown (1Y)Largest decline over 1 year | -10.93% | -2.84% | -8.09% |
Max Drawdown (3Y)Largest decline over 3 years | -15.91% | -2.84% | -13.07% |
Max Drawdown (5Y)Largest decline over 5 years | -23.19% | -9.13% | -14.06% |
Max Drawdown (10Y)Largest decline over 10 years | -41.90% | -9.91% | -31.99% |
Current DrawdownCurrent decline from peak | -3.45% | -1.35% | -2.10% |
Average DrawdownAverage peak-to-trough decline | -8.10% | -1.80% | -6.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.41% | 0.78% | +4.63% |
Volatility
BGT vs. BSIIX - Volatility Comparison
BlackRock Floating Rate Income Trust (BGT) has a higher volatility of 3.12% compared to BlackRock Strategic Income Opportunities Fund Class I (BSIIX) at 0.69%. This indicates that BGT's price experiences larger fluctuations and is considered to be riskier than BSIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGT | BSIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 0.69% | +2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 7.44% | 2.44% | +5.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 2.99% | +6.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.60% | 3.03% | +10.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.35% | 3.15% | +12.20% |
BGT vs. BSIIX - Expense Ratio Comparison
BGT has a 1.74% expense ratio, which is higher than BSIIX's 0.69% expense ratio.
Dividends
BGT vs. BSIIX - Dividend Comparison
BGT's dividend yield for the trailing twelve months is around 13.38%, more than BSIIX's 4.83% 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% |
BSIIX BlackRock Strategic Income Opportunities Fund Class I | 4.83% | 5.07% | 4.75% | 3.33% | 3.58% | 2.98% | 2.92% | 3.54% | 3.32% | 3.45% | 2.91% | 3.19% |
Frequently Asked Questions
BGT and BSIIX have a correlation of 0.19, 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 BSIIX (0.69%). In terms of maximum drawdown, BGT dropped -58.06% vs BSIIX's -18.76%.
BSIIX currently has the higher Sharpe Ratio (1.54 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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