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BXFIX vs. BGT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BXFIX vs. BGT

Last updated Jun 4, 2026

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 5.85%/yr vs 10.35%/yr for BGT. At a 0.24 correlation, their price movements are largely independent. BXFIX charges 0.77%/yr vs 1.74%/yr for BGT.

Performance

BXFIX vs. BGT - Performance Comparison

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

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Returns By Period

In the year-to-date period, BXFIX achieves a 0.56% return, which is significantly higher than BGT's -0.49% return.

BXFIX

1D
0.00%
1M
0.33%
YTD
0.56%
6M
1.06%
1Y
3.45%
3Y*
5.85%
5Y*
—
10Y*
—

BGT

1D
-0.65%
1M
-0.58%
YTD
-0.49%
6M
1.38%
1Y
-1.80%
3Y*
10.35%
5Y*
6.89%
10Y*
6.13%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BXFIX vs. BGT - Yearly Performance Comparison

2026 (YTD)20252024202320222021
BXFIX
MassMutual Global Floating Rate Fund		0.56%4.72%6.83%10.26%-5.65%0.41%
BGT
BlackRock Floating Rate Income Trust		-0.49%-0.84%16.12%26.29%-16.57%2.87%

Correlation

The correlation between BXFIX and BGT is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.18

Correlation (3Y)
Calculated over the trailing 3-year period

0.17

Correlation (All Time)
Calculated using the full available price history since Dec 16, 2021

0.24

Compare stocks, funds, or ETFs

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MassMutual Global Floating Rate Fund

BlackRock Floating Rate Income Trust

Often compared with BXFIX:
BXFIX vs. FFRHXBXFIX vs. DFRTXBXFIX vs. SPFLXBXFIX vs. DDFLXBXFIX vs. RCRIXBXFIX vs. DFLYXBXFIX vs. FFRSX
Often compared with BGT:
BGT vs. VGTBGT vs. EFTBGT vs. ECATBGT vs. MPVBGT vs. BITBGT vs. CWBBGT vs. BIZD

Return for Risk

BXFIX vs. BGT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BXFIX
BXFIX Risk / Return Rank: 3838
Overall Rank
BXFIX Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
BXFIX Sortino Ratio Rank: 4848
Sortino Ratio Rank
BXFIX Omega Ratio Rank: 6666
Omega Ratio Rank
BXFIX Calmar Ratio Rank: 2929
Calmar Ratio Rank
BXFIX Martin Ratio Rank: 2424
Martin Ratio Rank
BGT
BGT Risk / Return Rank: 22
Overall Rank
BGT Sharpe Ratio Rank: 22
Sharpe Ratio Rank
BGT Sortino Ratio Rank: 22
Sortino Ratio Rank
BGT Omega Ratio Rank: 22
Omega Ratio Rank
BGT Calmar Ratio Rank: 22
Calmar Ratio Rank
BGT Martin Ratio Rank: 22
Martin Ratio Rank
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.

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.

BXFIXBGTDifference
Sharpe ratioReturn per unit of total volatility
1.39
-0.17

+1.56

Sortino ratioReturn per unit of downside risk
2.94
-0.18

+3.11

Omega ratioGain probability vs. loss probability

1.46

0.98

+0.48

Calmar ratioReturn relative to maximum drawdown

2.01

-0.16

+2.18

Martin ratioReturn relative to average drawdown

5.96

-0.36

+6.32

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BXFIX vs. BGT - Sharpe Ratio Comparison

The current BXFIX Sharpe Ratio is 1.39, which is higher than the BGT Sharpe Ratio of -0.17. The chart below compares the historical Sharpe Ratios of BXFIX and BGT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BXFIXBGTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.39

-0.17

+1.56

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.51

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.40

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.24

0.29

+0.95

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.

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Drawdown Indicators

BXFIXBGTDifference

Max Drawdown

Largest peak-to-trough decline

-9.12%

-58.06%

+48.94%

Max Drawdown (1Y)

Largest decline over 1 year

-1.72%

-11.06%

+9.34%

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 Drawdown

Current decline from peak

0.00%

-6.56%

+6.56%

Average Drawdown

Average peak-to-trough decline

-1.51%

-8.12%

+6.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.58%

4.99%

-4.41%

Volatility

BXFIX vs. BGT - Volatility Comparison

The current volatility for MassMutual Global Floating Rate Fund (BXFIX) is 0.65%, while BlackRock Floating Rate Income Trust (BGT) has a volatility of 1.63%. 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.

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Volatility by Period

BXFIXBGTDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.65%

1.63%

-0.98%

Volatility (6M)

Calculated over the trailing 6-month period

1.97%

7.13%

-5.16%

Volatility (1Y)

Calculated over the trailing 1-year period

2.51%

10.35%

-7.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.02%

13.57%

-10.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.02%

15.34%

-12.32%

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 7.29%, less than BGT's 13.51% yield.

PositionTTM20252024202320222021202020192018201720162015
BGT
BlackRock Floating Rate Income Trust		13.51%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		7.29%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 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BGT has higher volatility (1.63%) compared to BXFIX (0.65%). In terms of maximum drawdown, BXFIX dropped -9.12% vs BGT's -58.06%.

BXFIX currently has the higher Sharpe Ratio (1.39 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.

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