CREDX vs. BGT
CREDX (BlackRock Credit Strategies Fund) and BGT (BlackRock Floating Rate Income Trust) are both Bank Loan funds from BlackRock. Over the past 5 years, CREDX returned 2.56%/yr vs 6.54%/yr for BGT. At a 0.22 correlation, their price movements are largely independent. CREDX charges 2.19%/yr vs 1.74%/yr for BGT.
Performance
CREDX vs. BGT - Performance Comparison
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Returns By Period
In the year-to-date period, CREDX achieves a 1.42% return, which is significantly higher than BGT's -0.12% return.
CREDX
- 1D
- -0.25%
- 1M
- 0.15%
- YTD
- 1.42%
- 6M
- 0.80%
- 1Y
- 4.59%
- 3Y*
- 7.45%
- 5Y*
- 2.56%
- 10Y*
- —
BGT
- 1D
- 0.09%
- 1M
- -1.11%
- YTD
- -0.12%
- 6M
- -0.34%
- 1Y
- -2.61%
- 3Y*
- 9.81%
- 5Y*
- 6.54%
- 10Y*
- 6.55%
CREDX vs. BGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CREDX BlackRock Credit Strategies Fund | 1.42% | 5.55% | 8.41% | 12.18% | -12.08% | 1.03% |
BGT BlackRock Floating Rate Income Trust | -0.12% | -0.84% | 16.12% | 26.29% | -16.57% | 25.89% |
Correlation
The correlation between CREDX and BGT is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2021 | 0.22 |
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Return for Risk
CREDX vs. BGT — Risk / Return Rank
CREDX
BGT
CREDX vs. BGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Credit Strategies Fund (CREDX) 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.
| CREDX | BGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.69 | ||
| Sortino ratioReturn per unit of downside risk | +3.13 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.96 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | -0.24 | +3.70 |
| Martin ratioReturn relative to average drawdown | 9.45 | -0.50 | +9.95 |
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Drawdowns
CREDX vs. BGT - Drawdown Comparison
The maximum CREDX drawdown since its inception was -15.13%, smaller than the maximum BGT drawdown of -58.06%. Use the drawdown chart below to compare losses from any high point for CREDX and BGT.
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Drawdown Indicators
| CREDX | BGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.13% | -58.06% | +42.93% |
Max Drawdown (1Y)Largest decline over 1 year | -1.33% | -11.06% | +9.73% |
Max Drawdown (3Y)Largest decline over 3 years | -2.47% | -15.91% | +13.44% |
Max Drawdown (5Y)Largest decline over 5 years | -15.13% | -23.19% | +8.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.90% | — |
Current DrawdownCurrent decline from peak | -0.62% | -6.21% | +5.59% |
Average DrawdownAverage peak-to-trough decline | -3.75% | -8.11% | +4.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 5.19% | -4.70% |
Volatility
CREDX vs. BGT - Volatility Comparison
The current volatility for BlackRock Credit Strategies Fund (CREDX) is 0.79%, while BlackRock Floating Rate Income Trust (BGT) has a volatility of 1.42%. This indicates that CREDX 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
| CREDX | BGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 1.42% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 2.25% | 7.00% | -4.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.23% | 9.93% | -6.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.42% | 13.56% | -10.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.32% | 15.34% | -12.02% |
CREDX vs. BGT - Expense Ratio Comparison
CREDX has a 2.19% expense ratio, which is higher than BGT's 1.74% expense ratio.
Dividends
CREDX vs. BGT - Dividend Comparison
CREDX's dividend yield for the trailing twelve months is around 9.23%, less than BGT's 13.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 13.62% | 12.74% | 11.22% | 10.36% | 6.87% | 5.55% | 7.58% | 6.33% | 6.64% | 5.03% | 5.03% | 6.04% |
CREDX BlackRock Credit Strategies Fund | 9.23% | 9.16% | 9.78% | 9.98% | 3.41% | 5.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CREDX 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 (1.42%) compared to CREDX (0.79%). In terms of maximum drawdown, CREDX dropped -15.13% vs BGT's -58.06%.
CREDX currently has the higher Sharpe Ratio (1.43 vs -0.26), 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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