BGT vs. DFLYX
BGT (BlackRock Floating Rate Income Trust) and DFLYX (BNY Mellon Floating Rate Income Fund) are both Bank Loan funds. Over the past 10 years, BGT returned 6.31%/yr vs 4.90%/yr for DFLYX. At a 0.25 correlation, their price movements are largely independent. BGT charges 1.74%/yr vs 0.73%/yr for DFLYX.
Performance
BGT vs. DFLYX - Performance Comparison
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Returns By Period
In the year-to-date period, BGT achieves a 1.58% return, which is significantly lower than DFLYX's 2.23% return. Over the past 10 years, BGT has outperformed DFLYX with an annualized return of 6.31%, while DFLYX has yielded a comparatively lower 4.90% annualized return.
BGT
- 1D
- 1.13%
- 1M
- 1.41%
- 6M
- -0.87%
- YTD
- 1.58%
- 1Y
- -2.30%
- 3Y*
- 9.40%
- 5Y*
- 6.58%
- 10Y*
- 6.31%
DFLYX
- 1D
- 0.00%
- 1M
- 0.51%
- 6M
- 1.85%
- YTD
- 2.23%
- 1Y
- 3.99%
- 3Y*
- 7.59%
- 5Y*
- 5.97%
- 10Y*
- 4.90%
BGT vs. DFLYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 1.58% | -0.84% | 16.12% | 26.29% | -16.57% | 25.89% | -0.81% | 18.97% | -11.95% | 3.91% |
DFLYX BNY Mellon Floating Rate Income Fund | 2.23% | 4.84% | 9.77% | 13.29% | -1.15% | 4.84% | 2.66% | 7.15% | -0.58% | 3.48% |
Correlation
The correlation between BGT and DFLYX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.25 |
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Return for Risk
BGT vs. DFLYX — Risk / Return Rank
BGT
DFLYX
BGT vs. DFLYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Trust (BGT) and BNY Mellon Floating Rate Income Fund (DFLYX). 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 | DFLYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.28 | ||
| Sortino ratioReturn per unit of downside risk | -5.19 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.78 | -0.81 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 2.40 | -2.61 |
| Martin ratioReturn relative to average drawdown | -0.43 | 9.01 | -9.44 |
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Drawdowns
BGT vs. DFLYX - Drawdown Comparison
The maximum BGT drawdown since its inception was -58.06%, which is greater than DFLYX's maximum drawdown of -18.83%. Use the drawdown chart below to compare losses from any high point for BGT and DFLYX.
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Drawdown Indicators
| BGT | DFLYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -18.83% | -39.23% |
Max Drawdown (1Y)Largest decline over 1 year | -11.06% | -1.71% | -9.35% |
Max Drawdown (3Y)Largest decline over 3 years | -15.91% | -2.49% | -13.42% |
Max Drawdown (5Y)Largest decline over 5 years | -23.19% | -6.28% | -16.91% |
Max Drawdown (10Y)Largest decline over 10 years | -41.90% | -18.83% | -23.07% |
Current DrawdownCurrent decline from peak | -4.62% | 0.00% | -4.62% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -0.78% | -7.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.33% | 0.45% | +4.88% |
Volatility
BGT vs. DFLYX - Volatility Comparison
BlackRock Floating Rate Income Trust (BGT) has a higher volatility of 2.20% compared to BNY Mellon Floating Rate Income Fund (DFLYX) at 0.26%. This indicates that BGT's price experiences larger fluctuations and is considered to be riskier than DFLYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGT | DFLYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 0.26% | +1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 7.05% | 1.12% | +5.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.87% | 1.35% | +8.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.57% | 1.93% | +11.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.33% | 3.04% | +12.29% |
BGT vs. DFLYX - Expense Ratio Comparison
BGT has a 1.74% expense ratio, which is higher than DFLYX's 0.73% expense ratio.
Dividends
BGT vs. DFLYX - Dividend Comparison
BGT's dividend yield for the trailing twelve months is around 13.39%, more than DFLYX's 7.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 13.39% | 12.74% | 11.22% | 10.36% | 6.87% | 5.55% | 7.58% | 6.33% | 6.64% | 5.03% | 5.03% | 6.04% |
DFLYX BNY Mellon Floating Rate Income Fund | 7.70% | 7.50% | 8.78% | 8.78% | 5.49% | 4.22% | 4.66% | 5.54% | 5.19% | 3.77% | 4.14% | 4.65% |
Frequently Asked Questions
BGT and DFLYX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGT has higher volatility (2.20%) compared to DFLYX (0.26%). In terms of maximum drawdown, BGT dropped -58.06% vs DFLYX's -18.83%.
DFLYX currently has the higher Sharpe Ratio (3.04 vs -0.23), 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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