BGT vs. JQC
BGT (BlackRock Floating Rate Income Trust) and JQC (Nuveen Credit Strategies Income Fund) are both Bank Loan funds. Over the past 10 years, BGT returned 6.41%/yr vs 5.49%/yr for JQC. Their 0.41 correlation means their historical movements had little consistent relationship. BGT charges 1.74%/yr vs 4.34%/yr for JQC.
Performance
BGT vs. JQC - Performance Comparison
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Returns By Period
In the year-to-date period, BGT achieves a 2.82% return, which is significantly higher than JQC's 2.40% return. Over the past 10 years, BGT has outperformed JQC with an annualized return of 6.41%, while JQC has yielded a comparatively lower 5.49% 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%
JQC
- 1D
- 0.42%
- 1M
- -0.01%
- 6M
- -0.84%
- YTD
- 2.40%
- 1Y
- -1.75%
- 3Y*
- 10.82%
- 5Y*
- 4.66%
- 10Y*
- 5.49%
- ALL TIME*
- 4.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.54M | $1.32M | $1.16M | |
| $2.47M | $2.59M | $2.73M |
BGT vs. JQC - 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% |
JQC Nuveen Credit Strategies Income Fund | 2.40% | -0.36% | 22.29% | 15.26% | -14.22% | 13.29% | -2.96% | 21.78% | -4.33% | -0.27% |
Correlation
The correlation between BGT and JQC is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2004 | 0.41 |
The correlation between BGT and JQC has been stable across timeframes, ranging from 0.41 to 0.51 - a consistent structural relationship.
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Return for Risk
BGT vs. JQC — Risk / Return Rank
BGT
JQC
BGT vs. JQC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Trust (BGT) and Nuveen Credit Strategies Income Fund (JQC). 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 | JQC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.98 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | -0.17 | -0.14 |
| Martin ratioReturn relative to average drawdown | -0.65 | -0.33 | -0.32 |
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Drawdowns
BGT vs. JQC - Drawdown Comparison
The maximum BGT drawdown since its inception was -58.06%, smaller than the maximum JQC drawdown of -75.18%. Use the drawdown chart below to compare losses from any high point for BGT and JQC.
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Drawdown Indicators
| BGT | JQC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -75.18% | +17.12% |
Max Drawdown (1Y)Largest decline over 1 year | -10.93% | -10.15% | -0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -15.91% | -15.37% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -23.19% | -19.83% | -3.36% |
Max Drawdown (10Y)Largest decline over 10 years | -41.90% | -47.99% | +6.09% |
Current DrawdownCurrent decline from peak | -3.45% | -3.76% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -8.10% | -8.78% | +0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.41% | 5.32% | +0.09% |
Volatility
BGT vs. JQC - Volatility Comparison
BlackRock Floating Rate Income Trust (BGT) has a higher volatility of 3.12% compared to Nuveen Credit Strategies Income Fund (JQC) at 1.49%. This indicates that BGT's price experiences larger fluctuations and is considered to be riskier than JQC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGT | JQC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 1.49% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 7.44% | 8.51% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 11.15% | -1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.60% | 13.07% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.35% | 17.49% | -2.14% |
BGT vs. JQC - Expense Ratio Comparison
BGT has a 1.74% expense ratio, which is lower than JQC's 4.34% expense ratio.
Dividends
BGT vs. JQC - Dividend Comparison
BGT's dividend yield for the trailing twelve months is around 13.38%, more than JQC's 13.09% 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% |
JQC Nuveen Credit Strategies Income Fund | 13.09% | 12.91% | 11.39% | 11.42% | 9.71% | 10.03% | 16.11% | 16.14% | 6.53% | 7.42% | 6.99% | 7.51% |
Frequently Asked Questions
BGT and JQC have a correlation of 0.46, 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 JQC (1.49%). In terms of maximum drawdown, BGT dropped -58.06% vs JQC's -75.18%.
JQC currently has the higher Sharpe Ratio (-0.16 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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