BXFIX vs. BGT
BXFIX (MassMutual Global Floating Rate Fund) and BGT (BlackRock Floating Rate Income Trust) are both Bank Loan funds. Over the past 3 years, BXFIX returned 4.68%/yr vs 8.64%/yr for BGT. Their 0.24 correlation means their historical movements had little consistent relationship. BXFIX charges 0.77%/yr vs 1.74%/yr for BGT.
Performance
BXFIX vs. BGT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BXFIX achieves a 0.48% return, which is significantly lower than BGT's 2.82% return.
BXFIX
- 1D
- -0.12%
- 1M
- -0.60%
- 6M
- 0.98%
- YTD
- 0.48%
- 1Y
- 2.30%
- 3Y*
- 4.68%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.53%
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%
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 |
BXFIX vs. BGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BXFIX MassMutual Global Floating Rate Fund | 0.48% | 4.72% | 6.83% | 10.26% | -5.65% | 0.41% |
BGT BlackRock Floating Rate Income Trust | 2.82% | -0.84% | 16.12% | 26.29% | -16.57% | 2.13% |
Correlation
The correlation between BXFIX and BGT is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.24 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BXFIX vs. BGT — Risk / Return Rank
BXFIX
BGT
BXFIX vs. BGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Global Floating Rate Fund (BXFIX) and BlackRock Floating Rate Income Trust (BGT). 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.
| BXFIX | BGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.95 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | -0.32 | +1.59 |
| Martin ratioReturn relative to average drawdown | 3.70 | -0.65 | +4.36 |
Loading charts...
Drawdowns
BXFIX vs. BGT - Drawdown Comparison
The maximum BXFIX drawdown since its inception was -9.12%, smaller than the maximum BGT drawdown of -58.06%. Use the drawdown chart below to compare losses from any high point for BXFIX and BGT.
Loading charts...
Drawdown Indicators
| BXFIX | BGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.12% | -58.06% | +48.94% |
Max Drawdown (1Y)Largest decline over 1 year | -1.72% | -10.93% | +9.21% |
Max Drawdown (3Y)Largest decline over 3 years | -2.92% | -15.91% | +12.99% |
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 | -0.84% | -3.45% | +2.61% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -8.10% | +6.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 5.41% | -4.82% |
Volatility
BXFIX vs. BGT - Volatility Comparison
The current volatility for MassMutual Global Floating Rate Fund (BXFIX) is 0.55%, while BlackRock Floating Rate Income Trust (BGT) has a volatility of 3.12%. This indicates that BXFIX experiences smaller price fluctuations and is considered to be less risky than BGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BXFIX | BGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.55% | 3.12% | -2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 1.92% | 7.44% | -5.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.52% | 9.97% | -7.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.99% | 13.60% | -10.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.99% | 15.35% | -12.36% |
BXFIX vs. BGT - Expense Ratio Comparison
BXFIX has a 0.77% expense ratio, which is lower than BGT's 1.74% expense ratio.
Dividends
BXFIX vs. BGT - Dividend Comparison
BXFIX's dividend yield for the trailing twelve months is around 6.67%, less than BGT's 13.38% 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% |
BXFIX MassMutual Global Floating Rate Fund | 6.67% | 7.58% | 7.30% | 6.10% | 4.35% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BXFIX and BGT have a correlation of 0.17, 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 BXFIX (0.55%). In terms of maximum drawdown, BXFIX dropped -9.12% vs BGT's -58.06%.
BXFIX currently has the higher Sharpe Ratio (0.90 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.
Find the right allocation for BXFIX and BGT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer