BGT vs. CWB
Compare and contrast key facts about BlackRock Floating Rate Income Trust (BGT) and SPDR Bloomberg Barclays Convertible Securities ETF (CWB).
BGT is managed by Blackrock. It was launched on Aug 26, 2004. CWB is a passively managed fund by State Street that tracks the performance of the Bloomberg US Convertibles Liquid Bond. It was launched on Apr 14, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BGT or CWB.
Correlation
The correlation between BGT and CWB is 0.29, 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. CWB - Performance Comparison
Key characteristics
BGT:
0.17
CWB:
0.74
BGT:
0.33
CWB:
1.08
BGT:
1.05
CWB:
1.14
BGT:
0.18
CWB:
0.44
BGT:
0.65
CWB:
2.78
BGT:
4.28%
CWB:
3.05%
BGT:
16.35%
CWB:
11.43%
BGT:
-58.31%
CWB:
-32.06%
BGT:
-9.31%
CWB:
-11.93%
Returns By Period
In the year-to-date period, BGT achieves a -5.50% return, which is significantly lower than CWB's -3.76% return. Over the past 10 years, BGT has underperformed CWB with an annualized return of 6.21%, while CWB has yielded a comparatively higher 8.23% annualized return.
BGT
-5.50%
-4.30%
-4.49%
2.15%
12.00%
6.21%
CWB
-3.76%
-4.03%
-2.88%
9.32%
9.85%
8.23%
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BGT vs. CWB - Expense Ratio Comparison
BGT has a 1.74% expense ratio, which is higher than CWB's 0.40% expense ratio.
Risk-Adjusted Performance
BGT vs. CWB — Risk-Adjusted Performance Rank
BGT
CWB
BGT vs. CWB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Trust (BGT) and SPDR Bloomberg Barclays Convertible Securities ETF (CWB). 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.
Dividends
BGT vs. CWB - Dividend Comparison
BGT's dividend yield for the trailing twelve months is around 12.35%, more than CWB's 1.98% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 12.35% | 11.22% | 10.36% | 6.87% | 5.55% | 7.58% | 6.33% | 6.64% | 5.03% | 5.44% | 6.04% | 6.65% |
CWB SPDR Bloomberg Barclays Convertible Securities ETF | 1.98% | 1.85% | 1.97% | 2.21% | 1.97% | 2.34% | 3.03% | 6.17% | 4.25% | 4.60% | 7.52% | 7.37% |
Drawdowns
BGT vs. CWB - Drawdown Comparison
The maximum BGT drawdown since its inception was -58.31%, which is greater than CWB's maximum drawdown of -32.06%. Use the drawdown chart below to compare losses from any high point for BGT and CWB. For additional features, visit the drawdowns tool.
Volatility
BGT vs. CWB - Volatility Comparison
BlackRock Floating Rate Income Trust (BGT) has a higher volatility of 10.91% compared to SPDR Bloomberg Barclays Convertible Securities ETF (CWB) at 6.95%. This indicates that BGT's price experiences larger fluctuations and is considered to be riskier than CWB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.