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 5.48%/yr vs 10.06%/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
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Returns By Period
In the year-to-date period, BXFIX achieves a 0.32% return, which is significantly higher than BGT's -0.21% return.
BXFIX
- 1D
- -0.12%
- 1M
- 0.45%
- YTD
- 0.32%
- 6M
- 0.93%
- 1Y
- 3.44%
- 3Y*
- 5.48%
- 5Y*
- —
- 10Y*
- —
BGT
- 1D
- -0.28%
- 1M
- -1.20%
- YTD
- -0.21%
- 6M
- -0.43%
- 1Y
- -2.39%
- 3Y*
- 10.06%
- 5Y*
- 6.52%
- 10Y*
- 6.36%
BXFIX vs. BGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BXFIX MassMutual Global Floating Rate Fund | 0.32% | 4.72% | 6.83% | 10.26% | -5.65% | 0.41% |
BGT BlackRock Floating Rate Income Trust | -0.21% | -0.84% | 16.12% | 26.29% | -16.57% | 2.13% |
Correlation
The correlation between BXFIX and BGT is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.24 |
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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 | +1.62 | ||
| Sortino ratioReturn per unit of downside risk | +3.17 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 0.97 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | -0.22 | +2.23 |
| Martin ratioReturn relative to average drawdown | 5.95 | -0.46 | +6.41 |
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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
| 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% | -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 DrawdownCurrent decline from peak | -0.24% | -6.30% | +6.06% |
Average DrawdownAverage peak-to-trough decline | -1.49% | -8.11% | +6.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 5.17% | -4.59% |
Volatility
BXFIX vs. BGT - Volatility Comparison
The current volatility for MassMutual Global Floating Rate Fund (BXFIX) is 0.68%, while BlackRock Floating Rate Income Trust (BGT) has a volatility of 1.42%. 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
| BXFIX | BGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 1.42% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 1.91% | 7.02% | -5.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.52% | 9.94% | -7.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.00% | 13.56% | -10.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.00% | 15.34% | -12.34% |
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 7.31%, less than BGT's 13.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 13.63% | 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 | 7.31% | 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 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGT has higher volatility (1.42%) compared to BXFIX (0.68%). In terms of maximum drawdown, BXFIX dropped -9.12% vs BGT's -58.06%.
BXFIX currently has the higher Sharpe Ratio (1.38 vs -0.24), 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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