BGT vs. FRFZX
BGT (BlackRock Floating Rate Income Trust) and FRFZX (PGIM Floating Rate Income Fund) are both Bank Loan funds. Over the past 10 years, BGT returned 6.41%/yr vs 5.26%/yr for FRFZX. Their 0.20 correlation means their historical movements had little consistent relationship. BGT charges 1.74%/yr vs 0.70%/yr for FRFZX.
Performance
BGT vs. FRFZX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BGT having a 2.82% return and FRFZX slightly lower at 2.71%. Over the past 10 years, BGT has outperformed FRFZX with an annualized return of 6.41%, while FRFZX has yielded a comparatively lower 5.26% 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%
FRFZX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 2.46%
- YTD
- 2.71%
- 1Y
- 4.92%
- 3Y*
- 7.77%
- 5Y*
- 5.84%
- 10Y*
- 5.26%
- ALL TIME*
- 4.85%
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. FRFZX - 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% |
FRFZX PGIM Floating Rate Income Fund | 2.71% | 5.66% | 9.45% | 14.11% | -3.56% | 5.46% | 4.62% | 7.47% | -0.13% | 4.48% |
Correlation
The correlation between BGT and FRFZX is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.23 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.23 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2011 | 0.20 |
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Return for Risk
BGT vs. FRFZX — Risk / Return Rank
BGT
FRFZX
BGT vs. FRFZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Trust (BGT) and PGIM Floating Rate Income Fund (FRFZX). 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 | FRFZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.51 | ||
| Sortino ratioReturn per unit of downside risk | -5.36 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.73 | -0.79 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 5.53 | -5.85 |
| Martin ratioReturn relative to average drawdown | -0.65 | 17.27 | -17.93 |
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Drawdowns
BGT vs. FRFZX - Drawdown Comparison
The maximum BGT drawdown since its inception was -58.06%, which is greater than FRFZX's maximum drawdown of -21.95%. Use the drawdown chart below to compare losses from any high point for BGT and FRFZX.
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Drawdown Indicators
| BGT | FRFZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -21.95% | -36.11% |
Max Drawdown (1Y)Largest decline over 1 year | -10.93% | -0.85% | -10.08% |
Max Drawdown (3Y)Largest decline over 3 years | -15.91% | -3.12% | -12.79% |
Max Drawdown (5Y)Largest decline over 5 years | -23.19% | -7.85% | -15.34% |
Max Drawdown (10Y)Largest decline over 10 years | -41.90% | -21.95% | -19.95% |
Current DrawdownCurrent decline from peak | -3.45% | -0.22% | -3.23% |
Average DrawdownAverage peak-to-trough decline | -8.10% | -0.91% | -7.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.41% | 0.28% | +5.13% |
Volatility
BGT vs. FRFZX - Volatility Comparison
BlackRock Floating Rate Income Trust (BGT) has a higher volatility of 3.12% compared to PGIM Floating Rate Income Fund (FRFZX) at 0.28%. This indicates that BGT's price experiences larger fluctuations and is considered to be riskier than FRFZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGT | FRFZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 0.28% | +2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 7.44% | 1.57% | +5.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 2.29% | +7.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.60% | 3.10% | +10.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.35% | 3.97% | +11.38% |
BGT vs. FRFZX - Expense Ratio Comparison
BGT has a 1.74% expense ratio, which is higher than FRFZX's 0.70% expense ratio.
Dividends
BGT vs. FRFZX - Dividend Comparison
BGT's dividend yield for the trailing twelve months is around 13.38%, more than FRFZX's 6.71% 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% |
FRFZX PGIM Floating Rate Income Fund | 6.71% | 7.65% | 8.76% | 8.86% | 6.41% | 3.33% | 5.35% | 5.42% | 5.06% | 4.90% | 4.34% | 3.97% |
Frequently Asked Questions
BGT and FRFZX have a correlation of 0.28, 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 FRFZX (0.28%). In terms of maximum drawdown, BGT dropped -58.06% vs FRFZX's -21.95%.
FRFZX currently has the higher Sharpe Ratio (2.16 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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