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 6.41%/yr vs 4.88%/yr for DFLYX. Their 0.25 correlation means their historical movements had little consistent relationship. 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 2.82% return, which is significantly higher than DFLYX's 2.42% return. Over the past 10 years, BGT has outperformed DFLYX with an annualized return of 6.41%, while DFLYX has yielded a comparatively lower 4.88% 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%
DFLYX
- 1D
- 0.09%
- 1M
- 0.37%
- 6M
- 2.26%
- YTD
- 2.42%
- 1Y
- 3.92%
- 3Y*
- 7.58%
- 5Y*
- 6.05%
- 10Y*
- 4.88%
- ALL TIME*
- 4.32%
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. DFLYX - 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% |
DFLYX BNY Mellon Floating Rate Income Fund | 2.42% | 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 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.24 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.27 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 | -3.25 | ||
| Sortino ratioReturn per unit of downside risk | -5.11 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.73 | -0.78 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 2.29 | -2.61 |
| Martin ratioReturn relative to average drawdown | -0.65 | 8.61 | -9.27 |
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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 | -10.93% | -1.71% | -9.22% |
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 | -3.45% | 0.00% | -3.45% |
Average DrawdownAverage peak-to-trough decline | -8.10% | -0.78% | -7.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.41% | 0.45% | +4.96% |
Volatility
BGT vs. DFLYX - Volatility Comparison
BlackRock Floating Rate Income Trust (BGT) has a higher volatility of 3.12% compared to BNY Mellon Floating Rate Income Fund (DFLYX) at 0.23%. 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 | 3.12% | 0.23% | +2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 7.44% | 1.11% | +6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 1.35% | +8.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.60% | 1.93% | +11.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.35% | 3.04% | +12.31% |
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 13.38%, more than DFLYX's 7.04% 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% |
DFLYX BNY Mellon Floating Rate Income Fund | 7.04% | 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 0.24, 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 DFLYX (0.23%). In terms of maximum drawdown, BGT dropped -58.06% vs DFLYX's -18.83%.
DFLYX currently has the higher Sharpe Ratio (2.90 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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