BGT vs. TYLG
BGT (BlackRock Floating Rate Income Trust) and TYLG (Global X Information Technology Covered Call & Growth ETF) are both funds - BGT is a Bank Loan fund managed by BlackRock, while TYLG is a Derivative Income fund tracking the Cboe S&P Technology Select Sector Half BuyWrite Index - Benchmark TR Gross. Over the past 3 years, BGT returned 8.64%/yr vs 21.84%/yr for TYLG. Their 0.25 correlation means their historical movements had little consistent relationship. BGT charges 1.74%/yr vs 0.60%/yr for TYLG.
Performance
BGT vs. TYLG - 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 TYLG's 17.59% 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%
TYLG
- 1D
- 1.38%
- 1M
- -0.29%
- 6M
- 16.32%
- YTD
- 17.59%
- 1Y
- 32.47%
- 3Y*
- 21.84%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 25.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.54M | $1.32M | $1.16M | |
| $118.02K | $128.07K | $139.81K |
BGT vs. TYLG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 2.82% | -0.84% | 16.12% | 26.29% | -1.28% |
TYLG Global X Information Technology Covered Call & Growth ETF | 17.59% | 16.84% | 20.57% | 41.56% | -1.78% |
Correlation
The correlation between BGT and TYLG is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2022 | 0.25 |
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Return for Risk
BGT vs. TYLG — Risk / Return Rank
BGT
TYLG
BGT vs. TYLG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Trust (BGT) and Global X Information Technology Covered Call & Growth ETF (TYLG). 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 | TYLG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -2.72 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.29 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 3.02 | -3.34 |
| Martin ratioReturn relative to average drawdown | -0.65 | 9.99 | -10.64 |
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Drawdowns
BGT vs. TYLG - Drawdown Comparison
The maximum BGT drawdown since its inception was -58.06%, which is greater than TYLG's maximum drawdown of -24.01%. Use the drawdown chart below to compare losses from any high point for BGT and TYLG.
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Drawdown Indicators
| BGT | TYLG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -24.01% | -34.05% |
Max Drawdown (1Y)Largest decline over 1 year | -10.93% | -10.78% | -0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -15.91% | -24.01% | +8.10% |
Max Drawdown (5Y)Largest decline over 5 years | -23.19% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.90% | — | — |
Current DrawdownCurrent decline from peak | -3.45% | -5.60% | +2.15% |
Average DrawdownAverage peak-to-trough decline | -8.10% | -2.82% | -5.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.41% | 3.26% | +2.15% |
Volatility
BGT vs. TYLG - Volatility Comparison
The current volatility for BlackRock Floating Rate Income Trust (BGT) is 3.12%, while Global X Information Technology Covered Call & Growth ETF (TYLG) has a volatility of 8.08%. This indicates that BGT experiences smaller price fluctuations and is considered to be less risky than TYLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGT | TYLG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 8.08% | -4.96% |
Volatility (6M)Calculated over the trailing 6-month period | 7.44% | 16.64% | -9.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 19.20% | -9.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.60% | 19.73% | -6.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.35% | 19.73% | -4.38% |
BGT vs. TYLG - Expense Ratio Comparison
BGT has a 1.74% expense ratio, which is higher than TYLG's 0.60% expense ratio.
Dividends
BGT vs. TYLG - Dividend Comparison
BGT's dividend yield for the trailing twelve months is around 13.38%, more than TYLG's 8.78% 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% |
TYLG Global X Information Technology Covered Call & Growth ETF | 8.78% | 7.66% | 7.24% | 11.89% | 0.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BGT and TYLG 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.
TYLG has higher volatility (8.08%) compared to BGT (3.12%). In terms of maximum drawdown, BGT dropped -58.06% vs TYLG's -24.01%.
TYLG currently has the higher Sharpe Ratio (1.70 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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