BGT vs. HYG
Compare and contrast key facts about BlackRock Floating Rate Income Trust (BGT) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
BGT is managed by Blackrock. It was launched on Aug 26, 2004. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BGT or HYG.
Correlation
The correlation between BGT and HYG is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BGT vs. HYG - Performance Comparison
Key characteristics
BGT:
0.17
HYG:
1.59
BGT:
0.33
HYG:
2.35
BGT:
1.05
HYG:
1.34
BGT:
0.18
HYG:
1.97
BGT:
0.65
HYG:
11.00
BGT:
4.28%
HYG:
0.82%
BGT:
16.35%
HYG:
5.64%
BGT:
-58.31%
HYG:
-34.24%
BGT:
-9.31%
HYG:
-2.01%
Returns By Period
In the year-to-date period, BGT achieves a -5.50% return, which is significantly lower than HYG's 0.28% return. Over the past 10 years, BGT has outperformed HYG with an annualized return of 6.19%, while HYG has yielded a comparatively lower 3.74% annualized return.
BGT
-5.50%
-4.76%
-4.49%
2.39%
11.69%
6.19%
HYG
0.28%
-1.64%
0.30%
8.76%
4.52%
3.74%
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BGT vs. HYG - Expense Ratio Comparison
BGT has a 1.74% expense ratio, which is higher than HYG's 0.49% expense ratio.
Risk-Adjusted Performance
BGT vs. HYG — Risk-Adjusted Performance Rank
BGT
HYG
BGT vs. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Trust (BGT) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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.
Dividends
BGT vs. HYG - Dividend Comparison
BGT's dividend yield for the trailing twelve months is around 12.35%, more than HYG's 5.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 12.35% | 11.22% | 10.36% | 6.87% | 5.55% | 7.58% | 6.33% | 6.64% | 5.03% | 5.44% | 6.04% | 6.65% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.95% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% |
Drawdowns
BGT vs. HYG - Drawdown Comparison
The maximum BGT drawdown since its inception was -58.31%, which is greater than HYG's maximum drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for BGT and HYG. For additional features, visit the drawdowns tool.
Volatility
BGT vs. HYG - Volatility Comparison
BlackRock Floating Rate Income Trust (BGT) has a higher volatility of 10.91% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 4.02%. This indicates that BGT's price experiences larger fluctuations and is considered to be riskier than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.