HFLYX vs. BGT
HFLYX (Hartford Floating Rate Fund) and BGT (BlackRock Floating Rate Income Trust) are both Bank Loan funds. Over the past 10 years, HFLYX returned 4.31%/yr vs 6.25%/yr for BGT. At a 0.19 correlation, their price movements are largely independent. HFLYX charges 0.74%/yr vs 1.74%/yr for BGT.
Performance
HFLYX vs. BGT - Performance Comparison
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Returns By Period
In the year-to-date period, HFLYX achieves a 1.57% return, which is significantly higher than BGT's 0.73% return. Over the past 10 years, HFLYX has underperformed BGT with an annualized return of 4.31%, while BGT has yielded a comparatively higher 6.25% annualized return.
HFLYX
- 1D
- 0.14%
- 1M
- 0.59%
- 6M
- 1.43%
- YTD
- 1.57%
- 1Y
- 3.55%
- 3Y*
- 5.57%
- 5Y*
- 4.00%
- 10Y*
- 4.31%
BGT
- 1D
- 0.00%
- 1M
- 0.57%
- 6M
- -1.10%
- YTD
- 0.73%
- 1Y
- -3.43%
- 3Y*
- 9.13%
- 5Y*
- 6.32%
- 10Y*
- 6.25%
HFLYX vs. BGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HFLYX Hartford Floating Rate Fund | 1.57% | 4.79% | 6.50% | 9.79% | -3.40% | 4.02% | 1.32% | 8.56% | -0.62% | 4.94% |
BGT BlackRock Floating Rate Income Trust | 0.73% | -0.84% | 16.12% | 26.29% | -16.57% | 25.89% | -0.81% | 18.97% | -11.95% | 3.91% |
Correlation
The correlation between HFLYX 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 | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since May 3, 2005 | 0.19 |
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Return for Risk
HFLYX vs. BGT — Risk / Return Rank
HFLYX
BGT
HFLYX vs. BGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Floating Rate Fund (HFLYX) 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.
| HFLYX | BGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.65 | ||
| Sortino ratioReturn per unit of downside risk | +3.10 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.95 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | -0.31 | +2.14 |
| Martin ratioReturn relative to average drawdown | 5.57 | -0.65 | +6.22 |
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Drawdowns
HFLYX vs. BGT - Drawdown Comparison
The maximum HFLYX drawdown since its inception was -33.12%, smaller than the maximum BGT drawdown of -58.06%. Use the drawdown chart below to compare losses from any high point for HFLYX and BGT.
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Drawdown Indicators
| HFLYX | BGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.12% | -58.06% | +24.94% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -11.06% | +9.11% |
Max Drawdown (3Y)Largest decline over 3 years | -3.42% | -15.91% | +12.49% |
Max Drawdown (5Y)Largest decline over 5 years | -7.48% | -23.19% | +15.71% |
Max Drawdown (10Y)Largest decline over 10 years | -22.42% | -41.90% | +19.48% |
Current DrawdownCurrent decline from peak | 0.00% | -5.41% | +5.41% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -8.11% | +6.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 5.31% | -4.67% |
Volatility
HFLYX vs. BGT - Volatility Comparison
The current volatility for Hartford Floating Rate Fund (HFLYX) is 0.74%, while BlackRock Floating Rate Income Trust (BGT) has a volatility of 1.92%. This indicates that HFLYX 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
| HFLYX | BGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 1.92% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.10% | 6.96% | -4.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.74% | 9.80% | -7.06% |
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 | 4.09% | 15.33% | -11.24% |
HFLYX vs. BGT - Expense Ratio Comparison
HFLYX has a 0.74% expense ratio, which is lower than BGT's 1.74% expense ratio.
Dividends
HFLYX vs. BGT - Dividend Comparison
HFLYX's dividend yield for the trailing twelve months is around 7.70%, less than BGT's 13.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 13.50% | 12.74% | 11.22% | 10.36% | 6.87% | 5.55% | 7.58% | 6.33% | 6.64% | 5.03% | 5.03% | 6.04% |
HFLYX Hartford Floating Rate Fund | 7.70% | 7.23% | 6.68% | 7.20% | 5.18% | 3.22% | 3.68% | 4.68% | 6.17% | 4.23% | 4.34% | 4.72% |
Frequently Asked Questions
HFLYX 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 (1.92%) compared to HFLYX (0.74%). In terms of maximum drawdown, HFLYX dropped -33.12% vs BGT's -58.06%.
HFLYX currently has the higher Sharpe Ratio (1.30 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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