BGT vs. FRA
Compare and contrast key facts about BlackRock Floating Rate Income Trust (BGT) and BlackRock Floating Rate Income Strategies Fund Inc (FRA).
BGT is managed by BlackRock. It was launched on Aug 26, 2004. FRA is managed by BlackRock. It was launched on Oct 29, 2003.
Performance
BGT vs. FRA - Performance Comparison
Loading graphics...
BGT vs. FRA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | -1.91% | -0.84% | 16.12% | 26.29% | -16.57% | 25.89% | -0.81% | 18.97% | -11.95% | 3.91% |
FRA BlackRock Floating Rate Income Strategies Fund Inc | -3.56% | -3.75% | 21.56% | 25.46% | -10.59% | 17.81% | -2.38% | 20.82% | -8.27% | 0.76% |
Returns By Period
In the year-to-date period, BGT achieves a -1.91% return, which is significantly higher than FRA's -3.56% return. Both investments have delivered pretty close results over the past 10 years, with BGT having a 6.51% annualized return and FRA not far ahead at 6.59%.
BGT
- 1D
- 0.00%
- 1M
- -1.07%
- YTD
- -1.91%
- 6M
- -5.80%
- 1Y
- -2.05%
- 3Y*
- 10.79%
- 5Y*
- 6.72%
- 10Y*
- 6.51%
FRA
- 1D
- -0.18%
- 1M
- -0.49%
- YTD
- -3.56%
- 6M
- -9.70%
- 1Y
- -3.61%
- 3Y*
- 9.99%
- 5Y*
- 6.48%
- 10Y*
- 6.59%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BGT vs. FRA - Expense Ratio Comparison
BGT has a 1.74% expense ratio, which is lower than FRA's 2.17% expense ratio.
Return for Risk
BGT vs. FRA — Risk / Return Rank
BGT
FRA
BGT vs. FRA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Trust (BGT) and BlackRock Floating Rate Income Strategies Fund Inc (FRA). 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.
| BGT | FRA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.14 | -0.25 | +0.12 |
Sortino ratioReturn per unit of downside risk | -0.08 | -0.24 | +0.16 |
Omega ratioGain probability vs. loss probability | 0.99 | 0.96 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | -0.18 | -0.26 | +0.08 |
Martin ratioReturn relative to average drawdown | -0.45 | -0.62 | +0.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| BGT | FRA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.14 | -0.25 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.51 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.43 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.31 | -0.02 |
Correlation
The correlation between BGT and FRA is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BGT vs. FRA - Dividend Comparison
BGT's dividend yield for the trailing twelve months is around 13.41%, which matches FRA's 13.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 13.41% | 12.74% | 11.22% | 10.36% | 6.87% | 5.55% | 7.58% | 6.33% | 6.64% | 5.03% | 5.03% | 6.04% |
FRA BlackRock Floating Rate Income Strategies Fund Inc | 13.51% | 12.62% | 10.81% | 10.44% | 6.88% | 5.96% | 7.61% | 6.44% | 6.90% | 5.31% | 5.65% | 6.17% |
Drawdowns
BGT vs. FRA - Drawdown Comparison
The maximum BGT drawdown since its inception was -58.06%, which is greater than FRA's maximum drawdown of -51.43%. Use the drawdown chart below to compare losses from any high point for BGT and FRA.
Loading graphics...
Drawdown Indicators
| BGT | FRA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -51.43% | -6.63% |
Max Drawdown (1Y)Largest decline over 1 year | -11.19% | -15.47% | +4.28% |
Max Drawdown (5Y)Largest decline over 5 years | -23.19% | -18.77% | -4.42% |
Max Drawdown (10Y)Largest decline over 10 years | -41.90% | -42.80% | +0.90% |
Current DrawdownCurrent decline from peak | -7.89% | -11.78% | +3.89% |
Average DrawdownAverage peak-to-trough decline | -8.14% | -7.19% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 6.45% | -1.74% |
Volatility
BGT vs. FRA - Volatility Comparison
The current volatility for BlackRock Floating Rate Income Trust (BGT) is 4.64%, while BlackRock Floating Rate Income Strategies Fund Inc (FRA) has a volatility of 5.64%. This indicates that BGT experiences smaller price fluctuations and is considered to be less risky than FRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| BGT | FRA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 5.64% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 7.44% | 8.21% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.04% | 14.30% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.48% | 12.78% | +0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.31% | 15.48% | -0.17% |