BGT vs. LFRIX
BGT (BlackRock Floating Rate Income Trust) and LFRIX (Lord Abbett Floating Rate Fund) are both Bank Loan funds. Over the past 10 years, BGT returned 6.36%/yr vs 4.58%/yr for LFRIX. At a 0.22 correlation, their price movements are largely independent. BGT charges 1.74%/yr vs 0.60%/yr for LFRIX.
Performance
BGT vs. LFRIX - Performance Comparison
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Returns By Period
In the year-to-date period, BGT achieves a -0.21% return, which is significantly lower than LFRIX's 1.40% return. Over the past 10 years, BGT has outperformed LFRIX with an annualized return of 6.36%, while LFRIX has yielded a comparatively lower 4.58% annualized return.
BGT
- 1D
- -0.28%
- 1M
- -1.20%
- YTD
- -0.21%
- 6M
- -0.43%
- 1Y
- -2.39%
- 3Y*
- 10.06%
- 5Y*
- 6.52%
- 10Y*
- 6.36%
LFRIX
- 1D
- -0.25%
- 1M
- 0.17%
- YTD
- 1.40%
- 6M
- 1.98%
- 1Y
- 5.93%
- 3Y*
- 7.54%
- 5Y*
- 5.32%
- 10Y*
- 4.58%
BGT vs. LFRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | -0.21% | -0.84% | 16.12% | 26.29% | -16.57% | 25.89% | -0.81% | 18.97% | -11.95% | 3.91% |
LFRIX Lord Abbett Floating Rate Fund | 1.40% | 6.30% | 8.28% | 12.22% | -2.99% | 5.48% | -1.47% | 7.59% | -0.01% | 3.97% |
Correlation
The correlation between BGT and LFRIX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2007 | 0.22 |
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Return for Risk
BGT vs. LFRIX — Risk / Return Rank
BGT
LFRIX
BGT vs. LFRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Trust (BGT) and Lord Abbett Floating Rate Fund (LFRIX). 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 | LFRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.73 | ||
| Sortino ratioReturn per unit of downside risk | -5.87 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.95 | -0.98 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 3.92 | -4.14 |
| Martin ratioReturn relative to average drawdown | -0.46 | 14.69 | -15.16 |
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Drawdowns
BGT vs. LFRIX - Drawdown Comparison
The maximum BGT drawdown since its inception was -58.06%, which is greater than LFRIX's maximum drawdown of -27.90%. Use the drawdown chart below to compare losses from any high point for BGT and LFRIX.
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Drawdown Indicators
| BGT | LFRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -27.90% | -30.16% |
Max Drawdown (1Y)Largest decline over 1 year | -11.06% | -1.55% | -9.51% |
Max Drawdown (3Y)Largest decline over 3 years | -15.91% | -2.59% | -13.32% |
Max Drawdown (5Y)Largest decline over 5 years | -23.19% | -6.23% | -16.96% |
Max Drawdown (10Y)Largest decline over 10 years | -41.90% | -21.75% | -20.15% |
Current DrawdownCurrent decline from peak | -6.30% | -0.50% | -5.80% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -1.94% | -6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.17% | 0.41% | +4.76% |
Volatility
BGT vs. LFRIX - Volatility Comparison
BlackRock Floating Rate Income Trust (BGT) has a higher volatility of 1.42% compared to Lord Abbett Floating Rate Fund (LFRIX) at 0.70%. This indicates that BGT's price experiences larger fluctuations and is considered to be riskier than LFRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGT | LFRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 0.70% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 7.02% | 1.89% | +5.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.94% | 2.45% | +7.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.56% | 2.86% | +10.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.34% | 3.91% | +11.43% |
BGT vs. LFRIX - Expense Ratio Comparison
BGT has a 1.74% expense ratio, which is higher than LFRIX's 0.60% expense ratio.
Dividends
BGT vs. LFRIX - Dividend Comparison
BGT's dividend yield for the trailing twelve months is around 13.63%, more than LFRIX's 6.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 13.63% | 12.74% | 11.22% | 10.36% | 6.87% | 5.55% | 7.58% | 6.33% | 6.64% | 5.03% | 5.03% | 6.04% |
LFRIX Lord Abbett Floating Rate Fund | 6.92% | 7.20% | 7.68% | 7.63% | 3.95% | 4.01% | 4.64% | 5.71% | 5.60% | 4.65% | 4.64% | 4.72% |
Frequently Asked Questions
BGT and LFRIX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGT has higher volatility (1.42%) compared to LFRIX (0.70%). In terms of maximum drawdown, BGT dropped -58.06% vs LFRIX's -27.90%.
LFRIX currently has the higher Sharpe Ratio (2.48 vs -0.24), 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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