BGT vs. LIVIX
BGT (BlackRock Floating Rate Income Trust) and LIVIX (BlackRock LifePath Index 2055 Fund - Institutional Shares) are both mutual funds - BGT is a Bank Loan fund managed by BlackRock, while LIVIX is a Target Retirement Date fund tracking the LifePath Index 2055 Fund Custom Benchmark. Over the past 10 years, BGT returned 6.41%/yr vs 11.55%/yr for LIVIX. Their 0.33 correlation means their historical movements had little consistent relationship. BGT charges 1.74%/yr vs 0.14%/yr for LIVIX.
Performance
BGT vs. LIVIX - Performance Comparison
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Returns By Period
In the year-to-date period, BGT achieves a 2.82% return, which is significantly lower than LIVIX's 11.31% return. Over the past 10 years, BGT has underperformed LIVIX with an annualized return of 6.41%, while LIVIX has yielded a comparatively higher 11.55% 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%
LIVIX
- 1D
- 0.25%
- 1M
- -0.28%
- 6M
- 7.40%
- YTD
- 11.31%
- 1Y
- 23.55%
- 3Y*
- 17.04%
- 5Y*
- 9.73%
- 10Y*
- 11.55%
- ALL TIME*
- 10.31%
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. LIVIX - 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% |
LIVIX BlackRock LifePath Index 2055 Fund - Institutional Shares | 11.31% | 21.57% | 13.60% | 21.62% | -18.38% | 18.75% | 14.99% | 26.76% | -7.83% | 21.38% |
Correlation
The correlation between BGT and LIVIX is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.33 |
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Return for Risk
BGT vs. LIVIX — Risk / Return Rank
BGT
LIVIX
BGT vs. LIVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Trust (BGT) and BlackRock LifePath Index 2055 Fund - Institutional Shares (LIVIX). 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 | LIVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.71 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.29 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 2.36 | -2.67 |
| Martin ratioReturn relative to average drawdown | -0.65 | 9.88 | -10.54 |
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Drawdowns
BGT vs. LIVIX - Drawdown Comparison
The maximum BGT drawdown since its inception was -58.06%, which is greater than LIVIX's maximum drawdown of -34.44%. Use the drawdown chart below to compare losses from any high point for BGT and LIVIX.
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Drawdown Indicators
| BGT | LIVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -34.44% | -23.62% |
Max Drawdown (1Y)Largest decline over 1 year | -10.93% | -9.44% | -1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -15.91% | -17.39% | +1.48% |
Max Drawdown (5Y)Largest decline over 5 years | -23.19% | -26.45% | +3.26% |
Max Drawdown (10Y)Largest decline over 10 years | -41.90% | -34.44% | -7.46% |
Current DrawdownCurrent decline from peak | -3.45% | -1.58% | -1.87% |
Average DrawdownAverage peak-to-trough decline | -8.10% | -4.49% | -3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.41% | 2.25% | +3.16% |
Volatility
BGT vs. LIVIX - Volatility Comparison
The current volatility for BlackRock Floating Rate Income Trust (BGT) is 3.12%, while BlackRock LifePath Index 2055 Fund - Institutional Shares (LIVIX) has a volatility of 3.89%. This indicates that BGT experiences smaller price fluctuations and is considered to be less risky than LIVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGT | LIVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 3.89% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 7.44% | 11.50% | -4.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 13.72% | -3.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.60% | 16.00% | -2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.35% | 16.70% | -1.35% |
BGT vs. LIVIX - Expense Ratio Comparison
BGT has a 1.74% expense ratio, which is higher than LIVIX's 0.14% expense ratio.
Dividends
BGT vs. LIVIX - Dividend Comparison
BGT's dividend yield for the trailing twelve months is around 13.38%, more than LIVIX's 2.29% 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% |
LIVIX BlackRock LifePath Index 2055 Fund - Institutional Shares | 2.29% | 2.48% | 0.01% | 2.04% | 1.96% | 2.04% | 1.56% | 2.95% | 2.35% | 2.27% | 1.54% | 2.88% |
Frequently Asked Questions
BGT and LIVIX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LIVIX has higher volatility (3.89%) compared to BGT (3.12%). In terms of maximum drawdown, BGT dropped -58.06% vs LIVIX's -34.44%.
LIVIX currently has the higher Sharpe Ratio (1.62 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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