EIBLX vs. BGT
EIBLX (Eaton Vance Floating Rate Fund) and BGT (BlackRock Floating Rate Income Trust) are both Bank Loan funds. Over the past 10 years, EIBLX returned 4.71%/yr vs 6.39%/yr for BGT. At a 0.17 correlation, their price movements are largely independent. EIBLX charges 0.76%/yr vs 1.74%/yr for BGT.
Performance
EIBLX vs. BGT - Performance Comparison
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Returns By Period
In the year-to-date period, EIBLX achieves a 0.61% return, which is significantly higher than BGT's 0.07% return. Over the past 10 years, EIBLX has underperformed BGT with an annualized return of 4.71%, while BGT has yielded a comparatively higher 6.39% annualized return.
EIBLX
- 1D
- -0.13%
- 1M
- 0.27%
- YTD
- 0.61%
- 6M
- 0.96%
- 1Y
- 3.25%
- 3Y*
- 6.57%
- 5Y*
- 4.77%
- 10Y*
- 4.71%
BGT
- 1D
- -0.19%
- 1M
- -0.92%
- YTD
- 0.07%
- 6M
- 0.07%
- 1Y
- -1.63%
- 3Y*
- 10.17%
- 5Y*
- 6.46%
- 10Y*
- 6.39%
EIBLX vs. BGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIBLX Eaton Vance Floating Rate Fund | 0.61% | 3.90% | 8.14% | 12.29% | -2.34% | 4.33% | 2.38% | 7.07% | 0.81% | 4.48% |
BGT BlackRock Floating Rate Income Trust | 0.07% | -0.84% | 16.12% | 26.29% | -16.57% | 25.89% | -0.81% | 18.97% | -11.95% | 3.91% |
Correlation
The correlation between EIBLX 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 | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2004 | 0.17 |
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Return for Risk
EIBLX vs. BGT — Risk / Return Rank
EIBLX
BGT
EIBLX vs. BGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating Rate Fund (EIBLX) 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.
| EIBLX | BGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.60 | ||
| Sortino ratioReturn per unit of downside risk | +3.19 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 0.98 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | -0.15 | +2.09 |
| Martin ratioReturn relative to average drawdown | 5.92 | -0.32 | +6.23 |
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Drawdowns
EIBLX vs. BGT - Drawdown Comparison
The maximum EIBLX drawdown since its inception was -32.53%, smaller than the maximum BGT drawdown of -58.06%. Use the drawdown chart below to compare losses from any high point for EIBLX and BGT.
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Drawdown Indicators
| EIBLX | BGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.53% | -58.06% | +25.53% |
Max Drawdown (1Y)Largest decline over 1 year | -1.68% | -11.06% | +9.38% |
Max Drawdown (3Y)Largest decline over 3 years | -2.72% | -15.91% | +13.19% |
Max Drawdown (5Y)Largest decline over 5 years | -6.27% | -23.19% | +16.92% |
Max Drawdown (10Y)Largest decline over 10 years | -18.70% | -41.90% | +23.20% |
Current DrawdownCurrent decline from peak | -0.25% | -6.03% | +5.78% |
Average DrawdownAverage peak-to-trough decline | -1.65% | -8.11% | +6.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 5.16% | -4.61% |
Volatility
EIBLX vs. BGT - Volatility Comparison
The current volatility for Eaton Vance Floating Rate Fund (EIBLX) is 0.62%, while BlackRock Floating Rate Income Trust (BGT) has a volatility of 1.40%. This indicates that EIBLX 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
| EIBLX | BGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 1.40% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 1.60% | 7.03% | -5.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.28% | 9.94% | -7.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.77% | 13.56% | -10.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.53% | 15.34% | -11.81% |
EIBLX vs. BGT - Expense Ratio Comparison
EIBLX has a 0.76% expense ratio, which is lower than BGT's 1.74% expense ratio.
Dividends
EIBLX vs. BGT - Dividend Comparison
EIBLX's dividend yield for the trailing twelve months is around 7.05%, less than BGT's 13.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 13.59% | 12.74% | 11.22% | 10.36% | 6.87% | 5.55% | 7.58% | 6.33% | 6.64% | 5.03% | 5.03% | 6.04% |
EIBLX Eaton Vance Floating Rate Fund | 7.05% | 7.58% | 8.29% | 8.58% | 5.02% | 3.32% | 3.68% | 5.01% | 4.46% | 3.82% | 4.14% | 4.33% |
Frequently Asked Questions
EIBLX 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 (1.40%) compared to EIBLX (0.62%). In terms of maximum drawdown, EIBLX dropped -32.53% vs BGT's -58.06%.
EIBLX currently has the higher Sharpe Ratio (1.44 vs -0.16), 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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