BGT vs. LIVIX

Last updated Jun 5, 2026

BGT (BlackRock Floating Rate Income Trust) and LIVIX (BlackRock LifePath Index 2055 Fund) are both mutual funds - BGT is a Bank Loan fund managed by BlackRock, while LIVIX is a Target Retirement Date fund managed by BlackRock. Over the past 10 years, BGT returned 6.15%/yr vs 11.95%/yr for LIVIX. At a 0.33 correlation, their price movements are largely independent. BGT charges 1.74%/yr vs 0.10%/yr for LIVIX.

Performance

BGT vs. LIVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Floating Rate Income Trust (BGT) and BlackRock LifePath Index 2055 Fund (LIVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BGT achieves a -0.68% return, which is significantly lower than LIVIX's 12.11% return. Over the past 10 years, BGT has underperformed LIVIX with an annualized return of 6.15%, while LIVIX has yielded a comparatively higher 11.95% annualized return.

BGT

• 1D: -0.19%
• 1M: -1.40%
• YTD: -0.68%
• 6M: 0.92%
• 1Y: -1.74%
• 3Y*: 10.12%
• 5Y*: 6.85%
• 10Y*: 6.15%

LIVIX

• 1D: -0.87%
• 1M: 3.62%
• YTD: 12.11%
• 6M: 12.81%
• 1Y: 28.50%
• 3Y*: 19.61%
• 5Y*: 10.14%
• 10Y*: 11.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BGT vs. LIVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BGT BlackRock Floating Rate Income Trust	-0.68%	-0.84%	16.12%	26.29%	-16.57%	25.89%	-0.81%	18.97%	-11.95%	3.91%
LIVIX BlackRock LifePath Index 2055 Fund	12.11%	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 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jun 2, 2011	0.33

Return for Risk

BGT vs. LIVIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BGT

BGT Risk / Return Rank: 2
BGT Sharpe Ratio Rank: 2
BGT Sortino Ratio Rank: 2
BGT Omega Ratio Rank: 2
BGT Calmar Ratio Rank: 2
BGT Martin Ratio Rank: 2

LIVIX

LIVIX Risk / Return Rank: 62
LIVIX Sharpe Ratio Rank: 61
LIVIX Sortino Ratio Rank: 58
LIVIX Omega Ratio Rank: 57
LIVIX Calmar Ratio Rank: 63
LIVIX Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 (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.

	BGT	LIVIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.17	2.31	-2.48
Sortino ratio: Return per unit of downside risk	-0.17	3.21	-3.38
Omega ratio: Gain probability vs. loss probability	0.98	1.42	-0.44
Calmar ratio: Return relative to maximum drawdown	-0.16	3.07	-3.23
Martin ratio: Return relative to average drawdown	-0.35	13.61	-13.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BGT vs. LIVIX - Sharpe Ratio Comparison

The current BGT Sharpe Ratio is -0.17, which is lower than the LIVIX Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of BGT and LIVIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BGT	LIVIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.17	2.31	-2.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.64	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.72	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.64	-0.35

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.

Drawdown Indicators

	BGT	LIVIX	Difference
Max Drawdown Largest peak-to-trough decline	-58.06%	-34.44%	-23.62%
Max Drawdown (1Y) Largest decline over 1 year	-11.06%	-9.44%	-1.62%
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 Drawdown Current decline from peak	-6.73%	-0.87%	-5.86%
Average Drawdown Average peak-to-trough decline	-8.12%	-4.52%	-3.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.01%	2.13%	+2.88%

Volatility

BGT vs. LIVIX - Volatility Comparison

The current volatility for BlackRock Floating Rate Income Trust (BGT) is 1.48%, while BlackRock LifePath Index 2055 Fund (LIVIX) has a volatility of 3.93%. 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.

Volatility by Period

	BGT	LIVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.48%	3.93%	-2.45%
Volatility (6M) Calculated over the trailing 6-month period	7.13%	10.09%	-2.96%
Volatility (1Y) Calculated over the trailing 1-year period	10.35%	12.57%	-2.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.57%	15.85%	-2.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.34%	16.72%	-1.38%

BGT vs. LIVIX - Expense Ratio Comparison

BGT has a 1.74% expense ratio, which is higher than LIVIX's 0.10% expense ratio.

Dividends

BGT vs. LIVIX - Dividend Comparison

BGT's dividend yield for the trailing twelve months is around 13.54%, more than LIVIX's 2.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGT BlackRock Floating Rate Income Trust	13.54%	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	2.21%	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

Can I hold both BGT and LIVIX in my portfolio?

BGT and LIVIX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BGT or LIVIX?

LIVIX has higher volatility (3.93%) compared to BGT (1.48%). In terms of maximum drawdown, BGT dropped -58.06% vs LIVIX's -34.44%.

Which has better risk-adjusted returns?

LIVIX currently has the higher Sharpe Ratio (2.31 vs -0.17), 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.