BGT vs. FLOTX
BGT (BlackRock Floating Rate Income Trust) and FLOTX (Donoghue Forlines Risk Managed Income Fund) are both Bank Loan funds. Over the past 5 years, BGT returned 6.52%/yr vs 2.65%/yr for FLOTX. At a 0.24 correlation, their price movements are largely independent. BGT charges 1.74%/yr vs 1.07%/yr for FLOTX.
Performance
BGT vs. FLOTX - Performance Comparison
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Returns By Period
In the year-to-date period, BGT achieves a -0.21% return, which is significantly higher than FLOTX's -0.66% return.
BGT
- 1D
- -0.28%
- 1M
- -1.20%
- YTD
- -0.21%
- 6M
- -0.43%
- 1Y
- -2.39%
- 3Y*
- 10.06%
- 5Y*
- 6.52%
- 10Y*
- 6.36%
FLOTX
- 1D
- -0.11%
- 1M
- 0.22%
- YTD
- -0.66%
- 6M
- -0.56%
- 1Y
- 2.67%
- 3Y*
- 4.83%
- 5Y*
- 2.65%
- 10Y*
- —
BGT vs. FLOTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | -0.21% | -0.84% | 16.12% | 26.29% | -16.57% | 25.89% | -0.81% | 18.97% | -12.88% |
FLOTX Donoghue Forlines Risk Managed Income Fund | -0.66% | 2.47% | 6.76% | 8.28% | -3.59% | 2.45% | 3.95% | 3.51% | 1.96% |
Correlation
The correlation between BGT and FLOTX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2018 | 0.24 |
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Return for Risk
BGT vs. FLOTX — Risk / Return Rank
BGT
FLOTX
BGT vs. FLOTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Trust (BGT) and Donoghue Forlines Risk Managed Income Fund (FLOTX). 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 | FLOTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.68 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.37 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 1.18 | -1.40 |
| Martin ratioReturn relative to average drawdown | -0.46 | 3.05 | -3.51 |
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Drawdowns
BGT vs. FLOTX - Drawdown Comparison
The maximum BGT drawdown since its inception was -58.06%, which is greater than FLOTX's maximum drawdown of -4.40%. Use the drawdown chart below to compare losses from any high point for BGT and FLOTX.
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Drawdown Indicators
| BGT | FLOTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -4.40% | -53.66% |
Max Drawdown (1Y)Largest decline over 1 year | -11.06% | -2.36% | -8.70% |
Max Drawdown (3Y)Largest decline over 3 years | -15.91% | -3.34% | -12.57% |
Max Drawdown (5Y)Largest decline over 5 years | -23.19% | -4.40% | -18.79% |
Max Drawdown (10Y)Largest decline over 10 years | -41.90% | — | — |
Current DrawdownCurrent decline from peak | -6.30% | -1.08% | -5.22% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -1.03% | -7.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.17% | 0.91% | +4.26% |
Volatility
BGT vs. FLOTX - Volatility Comparison
BlackRock Floating Rate Income Trust (BGT) has a higher volatility of 1.42% compared to Donoghue Forlines Risk Managed Income Fund (FLOTX) at 0.49%. This indicates that BGT's price experiences larger fluctuations and is considered to be riskier than FLOTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGT | FLOTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 0.49% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 7.02% | 1.35% | +5.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.94% | 1.68% | +8.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.56% | 2.69% | +10.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.34% | 2.45% | +12.89% |
BGT vs. FLOTX - Expense Ratio Comparison
BGT has a 1.74% expense ratio, which is higher than FLOTX's 1.07% expense ratio.
Dividends
BGT vs. FLOTX - Dividend Comparison
BGT's dividend yield for the trailing twelve months is around 13.63%, more than FLOTX's 6.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 13.63% | 12.74% | 11.22% | 10.36% | 6.87% | 5.55% | 7.58% | 6.33% | 6.64% | 5.03% | 5.03% | 6.04% |
FLOTX Donoghue Forlines Risk Managed Income Fund | 6.81% | 5.79% | 7.15% | 7.16% | 1.56% | 2.13% | 2.42% | 3.78% | 3.20% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BGT and FLOTX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGT has higher volatility (1.42%) compared to FLOTX (0.49%). In terms of maximum drawdown, BGT dropped -58.06% vs FLOTX's -4.40%.
FLOTX currently has the higher Sharpe Ratio (1.66 vs -0.24), 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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