BGT vs. WFSPX
Compare and contrast key facts about BlackRock Floating Rate Income Trust (BGT) and iShares S&P 500 Index Fund (WFSPX).
BGT is managed by BlackRock. It was launched on Aug 26, 2004. WFSPX is a passively managed fund by BlackRock that tracks the performance of the S&P 500 Index. It was launched on Jul 30, 1993.
Performance
BGT vs. WFSPX - Performance Comparison
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BGT vs. WFSPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | -1.91% | -0.84% | 16.12% | 26.29% | -16.57% | 25.89% | -0.81% | 18.97% | -11.95% | 3.91% |
WFSPX iShares S&P 500 Index Fund | -4.63% | 17.83% | 24.94% | 26.25% | -18.14% | 28.63% | 18.43% | 31.45% | -4.83% | 21.27% |
Returns By Period
In the year-to-date period, BGT achieves a -1.91% return, which is significantly higher than WFSPX's -4.63% return. Over the past 10 years, BGT has underperformed WFSPX with an annualized return of 6.51%, while WFSPX has yielded a comparatively higher 13.92% annualized return.
BGT
- 1D
- 0.00%
- 1M
- -1.07%
- YTD
- -1.91%
- 6M
- -5.80%
- 1Y
- -2.05%
- 3Y*
- 10.79%
- 5Y*
- 6.72%
- 10Y*
- 6.51%
WFSPX
- 1D
- 2.62%
- 1M
- -5.31%
- YTD
- -4.63%
- 6M
- -2.47%
- 1Y
- 16.96%
- 3Y*
- 18.15%
- 5Y*
- 11.69%
- 10Y*
- 13.92%
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BGT vs. WFSPX - Expense Ratio Comparison
BGT has a 1.74% expense ratio, which is higher than WFSPX's 0.03% expense ratio.
Return for Risk
BGT vs. WFSPX — Risk / Return Rank
BGT
WFSPX
BGT vs. WFSPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Trust (BGT) and iShares S&P 500 Index Fund (WFSPX). 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 | WFSPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.14 | 0.96 | -1.10 |
Sortino ratioReturn per unit of downside risk | -0.08 | 1.47 | -1.55 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.22 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | -0.18 | 1.49 | -1.67 |
Martin ratioReturn relative to average drawdown | -0.45 | 7.15 | -7.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BGT | WFSPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.14 | 0.96 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.70 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.78 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.13 | +0.16 |
Correlation
The correlation between BGT and WFSPX is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BGT vs. WFSPX - Dividend Comparison
BGT's dividend yield for the trailing twelve months is around 13.41%, more than WFSPX's 1.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 13.41% | 12.74% | 11.22% | 10.36% | 6.87% | 5.55% | 7.58% | 6.33% | 6.64% | 5.03% | 5.03% | 6.04% |
WFSPX iShares S&P 500 Index Fund | 1.54% | 1.72% | 1.41% | 1.50% | 2.02% | 1.82% | 1.66% | 1.99% | 2.00% | 1.62% | 2.37% | 2.49% |
Drawdowns
BGT vs. WFSPX - Drawdown Comparison
The maximum BGT drawdown since its inception was -58.06%, roughly equal to the maximum WFSPX drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for BGT and WFSPX.
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Drawdown Indicators
| BGT | WFSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -58.21% | +0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -11.19% | -12.11% | +0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -23.19% | -24.51% | +1.32% |
Max Drawdown (10Y)Largest decline over 10 years | -41.90% | -33.74% | -8.16% |
Current DrawdownCurrent decline from peak | -7.89% | -6.51% | -1.38% |
Average DrawdownAverage peak-to-trough decline | -8.14% | -12.84% | +4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 2.53% | +2.18% |
Volatility
BGT vs. WFSPX - Volatility Comparison
The current volatility for BlackRock Floating Rate Income Trust (BGT) is 4.64%, while iShares S&P 500 Index Fund (WFSPX) has a volatility of 5.17%. This indicates that BGT experiences smaller price fluctuations and is considered to be less risky than WFSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGT | WFSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 5.17% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 7.44% | 9.44% | -2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.04% | 18.21% | -3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.48% | 16.88% | -3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.31% | 18.00% | -2.69% |