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.
Performance
BGT vs. HYG - Performance Comparison
Loading graphics...
BGT vs. HYG - 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% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | -0.11% | 8.59% | 7.97% | 11.54% | -10.98% | 3.76% | 4.47% | 14.09% | -2.02% | 6.07% |
Returns By Period
In the year-to-date period, BGT achieves a -1.91% return, which is significantly lower than HYG's -0.11% return. Over the past 10 years, BGT has outperformed HYG with an annualized return of 6.51%, while HYG has yielded a comparatively lower 5.16% annualized return.
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%
HYG
- 1D
- 0.24%
- 1M
- -0.65%
- YTD
- -0.11%
- 6M
- 0.93%
- 1Y
- 6.91%
- 3Y*
- 7.99%
- 5Y*
- 3.66%
- 10Y*
- 5.16%
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. HYG - Expense Ratio Comparison
BGT has a 1.74% expense ratio, which is higher than HYG's 0.49% expense ratio.
Return for Risk
BGT vs. HYG — Risk / Return Rank
BGT
HYG
BGT vs. HYG - Risk-Adjusted Trends 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.
| BGT | HYG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.14 | 1.25 | -1.38 |
Sortino ratioReturn per unit of downside risk | -0.08 | 1.87 | -1.95 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.29 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | -0.18 | 1.82 | -2.00 |
Martin ratioReturn relative to average drawdown | -0.45 | 9.57 | -10.02 |
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 | HYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.14 | 1.25 | -1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.49 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.62 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.45 | -0.16 |
Correlation
The correlation between BGT and HYG is 0.31, 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.
Dividends
BGT vs. HYG - Dividend Comparison
BGT's dividend yield for the trailing twelve months is around 13.41%, more than HYG's 5.88% 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% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.88% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
Drawdowns
BGT vs. HYG - Drawdown Comparison
The maximum BGT drawdown since its inception was -58.06%, which is greater than HYG's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for BGT and HYG.
Loading graphics...
Drawdown Indicators
| BGT | HYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -34.25% | -23.81% |
Max Drawdown (1Y)Largest decline over 1 year | -11.19% | -3.93% | -7.26% |
Max Drawdown (5Y)Largest decline over 5 years | -23.19% | -15.79% | -7.40% |
Max Drawdown (10Y)Largest decline over 10 years | -41.90% | -22.03% | -19.87% |
Current DrawdownCurrent decline from peak | -7.89% | -1.05% | -6.84% |
Average DrawdownAverage peak-to-trough decline | -8.14% | -3.27% | -4.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 0.75% | +3.96% |
Volatility
BGT vs. HYG - Volatility Comparison
BlackRock Floating Rate Income Trust (BGT) has a higher volatility of 4.64% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 2.30%. 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.
Loading graphics...
Volatility by Period
| BGT | HYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 2.30% | +2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 7.44% | 2.93% | +4.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.04% | 5.57% | +9.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.48% | 7.51% | +5.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.31% | 8.31% | +7.00% |