BGT vs. CFOIX

Last updated Aug 4, 2026

BGT (BlackRock Floating Rate Income Trust) and CFOIX (Calvert Floating-Rate Advantage Fund) are both Bank Loan funds. Their 0.26 correlation means their historical movements had little consistent relationship. BGT charges 1.74%/yr vs 0.78%/yr for CFOIX.

Performance

BGT vs. CFOIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Floating Rate Income Trust (BGT) and Calvert Floating-Rate Advantage Fund (CFOIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

CFOIX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BGT BlackRock Floating Rate Income Trust	$1.54M	$1.32M	$1.16M

BGT vs. CFOIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BGT BlackRock Floating Rate Income Trust	2.82%	-0.84%	16.12%	26.29%	-16.57%	25.89%	-0.81%	18.97%	-11.50%
CFOIX Calvert Floating-Rate Advantage Fund	0.15%	3.48%	8.92%	12.09%	-4.21%	4.37%	0.62%	9.36%	-2.14%

Correlation

The correlation between BGT and CFOIX 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.	0.19
Correlation (5Y) Shows whether the relationship held over a longer period.	0.24
Correlation (All Time) Calculated using the full available price history since Feb 28, 2018	0.26

The correlation between BGT and CFOIX shifts across timeframes, from 0.07 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BGT vs. CFOIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BGT

BGT Risk / Return Rank: 2
BGT Sharpe Ratio Rank: 2
BGT Sortino Ratio Rank: 1
BGT Omega Ratio Rank: 2
BGT Calmar Ratio Rank: 2
BGT Martin Ratio Rank: 2

CFOIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BGT vs. CFOIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Trust (BGT) and Calvert Floating-Rate Advantage Fund (CFOIX). 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	CFOIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.35	—	—
Sortino ratio: Return per unit of downside risk	-0.43	—	—
Omega ratio: Gain probability vs. loss probability	0.95	—	—
Calmar ratio: Return relative to maximum drawdown	-0.32	—	—
Martin ratio: Return relative to average drawdown	-0.65	—	—

Drawdowns

Drawdown Indicators

	BGT	CFOIX	Difference
Max Drawdown Largest peak-to-trough decline	-58.06%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-10.93%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.91%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.19%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.90%	—	—
Current Drawdown Current decline from peak	-3.45%	—	—
Average Drawdown Average peak-to-trough decline	-8.10%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	5.41%	—	—

Volatility

Volatility by Period

	BGT	CFOIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.44%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.97%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.60%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.35%	—	—

BGT vs. CFOIX - Expense Ratio Comparison

BGT has a 1.74% expense ratio, which is higher than CFOIX's 0.78% expense ratio.

Dividends

BGT vs. CFOIX - Dividend Comparison

BGT's dividend yield for the trailing twelve months is around 13.38%, more than CFOIX's 4.88% 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%
CFOIX Calvert Floating-Rate Advantage Fund	4.88%	6.88%	8.62%	7.42%	5.02%	3.96%	4.23%	5.05%	4.20%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BGT and CFOIX in my portfolio?

BGT and CFOIX 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.