BGT vs. PSFIX
BGT (BlackRock Floating Rate Income Trust) and PSFIX (Virtus Newfleet Senior Floating Rate Fund) are both Bank Loan funds. Over the past 10 years, BGT returned 6.41%/yr vs 4.38%/yr for PSFIX. Their 0.21 correlation means their historical movements had little consistent relationship. BGT charges 1.74%/yr vs 0.69%/yr for PSFIX.
Performance
BGT vs. PSFIX - 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 PSFIX's 1.66% return. Over the past 10 years, BGT has outperformed PSFIX with an annualized return of 6.41%, while PSFIX has yielded a comparatively lower 4.38% 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%
PSFIX
- 1D
- 0.00%
- 1M
- 0.12%
- 6M
- 1.70%
- YTD
- 1.66%
- 1Y
- 3.72%
- 3Y*
- 6.31%
- 5Y*
- 5.21%
- 10Y*
- 4.38%
- ALL TIME*
- 6.13%
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. PSFIX - 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% |
PSFIX Virtus Newfleet Senior Floating Rate Fund | 1.66% | 5.11% | 7.59% | 10.67% | -0.21% | 4.51% | 0.94% | 8.29% | -0.95% | 3.11% |
Correlation
The correlation between BGT and PSFIX is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.23 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | 0.21 |
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Return for Risk
BGT vs. PSFIX — Risk / Return Rank
BGT
PSFIX
BGT vs. PSFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Trust (BGT) and Virtus Newfleet Senior Floating Rate Fund (PSFIX). 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 | PSFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -4.07 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.55 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 4.08 | -4.40 |
| Martin ratioReturn relative to average drawdown | -0.65 | 13.08 | -13.74 |
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Drawdowns
BGT vs. PSFIX - Drawdown Comparison
The maximum BGT drawdown since its inception was -58.06%, which is greater than PSFIX's maximum drawdown of -22.76%. Use the drawdown chart below to compare losses from any high point for BGT and PSFIX.
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Drawdown Indicators
| BGT | PSFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -22.76% | -35.30% |
Max Drawdown (1Y)Largest decline over 1 year | -10.93% | -0.88% | -10.05% |
Max Drawdown (3Y)Largest decline over 3 years | -15.91% | -2.62% | -13.29% |
Max Drawdown (5Y)Largest decline over 5 years | -23.19% | -5.78% | -17.41% |
Max Drawdown (10Y)Largest decline over 10 years | -41.90% | -22.76% | -19.14% |
Current DrawdownCurrent decline from peak | -3.45% | -0.12% | -3.33% |
Average DrawdownAverage peak-to-trough decline | -8.10% | -0.85% | -7.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.41% | 0.28% | +5.13% |
Volatility
BGT vs. PSFIX - Volatility Comparison
BlackRock Floating Rate Income Trust (BGT) has a higher volatility of 3.12% compared to Virtus Newfleet Senior Floating Rate Fund (PSFIX) at 0.27%. This indicates that BGT's price experiences larger fluctuations and is considered to be riskier than PSFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGT | PSFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 0.27% | +2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 7.44% | 1.63% | +5.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 2.29% | +7.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.60% | 2.83% | +10.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.35% | 4.16% | +11.19% |
BGT vs. PSFIX - Expense Ratio Comparison
BGT has a 1.74% expense ratio, which is higher than PSFIX's 0.69% expense ratio.
Dividends
BGT vs. PSFIX - Dividend Comparison
BGT's dividend yield for the trailing twelve months is around 13.38%, more than PSFIX's 6.05% 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% |
PSFIX Virtus Newfleet Senior Floating Rate Fund | 6.05% | 7.22% | 7.77% | 7.48% | 4.85% | 2.84% | 3.98% | 5.29% | 5.07% | 4.03% | 3.95% | 4.40% |
Frequently Asked Questions
BGT and PSFIX have a correlation of 0.20, 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 PSFIX (0.27%). In terms of maximum drawdown, BGT dropped -58.06% vs PSFIX's -22.76%.
PSFIX currently has the higher Sharpe Ratio (1.63 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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