HFHIX vs. BGT
HFHIX (Hartford Floating Rate High Income Fund) and BGT (BlackRock Floating Rate Income Trust) are both Bank Loan funds. Over the past 10 years, HFHIX returned 4.42%/yr vs 6.41%/yr for BGT. Their 0.21 correlation means their historical movements had little consistent relationship. HFHIX charges 0.80%/yr vs 1.74%/yr for BGT.
Performance
HFHIX vs. BGT - Performance Comparison
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Returns By Period
In the year-to-date period, HFHIX achieves a 0.96% return, which is significantly lower than BGT's 2.82% return. Over the past 10 years, HFHIX has underperformed BGT with an annualized return of 4.42%, while BGT has yielded a comparatively higher 6.41% annualized return.
HFHIX
- 1D
- -0.23%
- 1M
- -0.23%
- 6M
- 0.39%
- YTD
- 0.96%
- 1Y
- 3.86%
- 3Y*
- 6.04%
- 5Y*
- 4.16%
- 10Y*
- 4.42%
- ALL TIME*
- 4.71%
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 |
HFHIX vs. BGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HFHIX Hartford Floating Rate High Income Fund | 0.96% | 7.69% | 6.61% | 9.35% | -4.54% | 4.21% | 1.04% | 9.28% | -0.31% | 5.62% |
BGT BlackRock Floating Rate Income Trust | 2.82% | -0.84% | 16.12% | 26.29% | -16.57% | 25.89% | -0.81% | 18.97% | -11.95% | 3.91% |
Correlation
The correlation between HFHIX and BGT is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2011 | 0.21 |
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Return for Risk
HFHIX vs. BGT — Risk / Return Rank
HFHIX
BGT
HFHIX vs. BGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Floating Rate High Income Fund (HFHIX) 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.
| HFHIX | BGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.98 | ||
| Sortino ratioReturn per unit of downside risk | +4.08 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 0.95 | +0.59 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | -0.32 | +2.48 |
| Martin ratioReturn relative to average drawdown | 7.74 | -0.65 | +8.39 |
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Drawdowns
HFHIX vs. BGT - Drawdown Comparison
The maximum HFHIX drawdown since its inception was -23.31%, smaller than the maximum BGT drawdown of -58.06%. Use the drawdown chart below to compare losses from any high point for HFHIX and BGT.
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Drawdown Indicators
| HFHIX | BGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.31% | -58.06% | +34.75% |
Max Drawdown (1Y)Largest decline over 1 year | -1.85% | -10.93% | +9.08% |
Max Drawdown (3Y)Largest decline over 3 years | -2.14% | -15.91% | +13.77% |
Max Drawdown (5Y)Largest decline over 5 years | -8.21% | -23.19% | +14.98% |
Max Drawdown (10Y)Largest decline over 10 years | -23.31% | -41.90% | +18.59% |
Current DrawdownCurrent decline from peak | -0.34% | -3.45% | +3.11% |
Average DrawdownAverage peak-to-trough decline | -1.32% | -8.10% | +6.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 5.41% | -4.90% |
Volatility
HFHIX vs. BGT - Volatility Comparison
The current volatility for Hartford Floating Rate High Income Fund (HFHIX) is 0.49%, while BlackRock Floating Rate Income Trust (BGT) has a volatility of 3.12%. This indicates that HFHIX 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
| HFHIX | BGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 3.12% | -2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 1.93% | 7.44% | -5.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.51% | 9.97% | -7.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.95% | 13.60% | -10.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.17% | 15.35% | -11.18% |
HFHIX vs. BGT - Expense Ratio Comparison
HFHIX has a 0.80% expense ratio, which is lower than BGT's 1.74% expense ratio.
Dividends
HFHIX vs. BGT - Dividend Comparison
HFHIX's dividend yield for the trailing twelve months is around 6.61%, 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% |
HFHIX Hartford Floating Rate High Income Fund | 6.61% | 6.70% | 6.73% | 6.60% | 5.21% | 3.30% | 3.86% | 4.75% | 6.55% | 4.24% | 5.01% | 5.58% |
Frequently Asked Questions
HFHIX and BGT have a correlation of 0.13, 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 HFHIX (0.49%). In terms of maximum drawdown, HFHIX dropped -23.31% vs BGT's -58.06%.
HFHIX currently has the higher Sharpe Ratio (1.63 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.
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