LFRIX vs. BGT
LFRIX (Lord Abbett Floating Rate Fund) and BGT (BlackRock Floating Rate Income Trust) are both Bank Loan funds. Over the past 10 years, LFRIX returned 4.56%/yr vs 6.41%/yr for BGT. At a 0.22 correlation, their price movements are largely independent. LFRIX charges 0.60%/yr vs 1.74%/yr for BGT.
Performance
LFRIX vs. BGT - Performance Comparison
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Returns By Period
In the year-to-date period, LFRIX achieves a 1.65% return, which is significantly higher than BGT's 0.26% return. Over the past 10 years, LFRIX has underperformed BGT with an annualized return of 4.56%, while BGT has yielded a comparatively higher 6.41% annualized return.
LFRIX
- 1D
- 0.00%
- 1M
- 0.42%
- YTD
- 1.65%
- 6M
- 2.36%
- 1Y
- 6.33%
- 3Y*
- 7.63%
- 5Y*
- 5.38%
- 10Y*
- 4.56%
BGT
- 1D
- -0.19%
- 1M
- -0.73%
- YTD
- 0.26%
- 6M
- 0.35%
- 1Y
- -1.61%
- 3Y*
- 10.24%
- 5Y*
- 6.54%
- 10Y*
- 6.41%
LFRIX vs. BGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LFRIX Lord Abbett Floating Rate Fund | 1.65% | 6.30% | 8.28% | 12.22% | -2.99% | 5.48% | -1.47% | 7.59% | -0.01% | 3.97% |
BGT BlackRock Floating Rate Income Trust | 0.26% | -0.84% | 16.12% | 26.29% | -16.57% | 25.89% | -0.81% | 18.97% | -11.95% | 3.91% |
Correlation
The correlation between LFRIX and BGT is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2007 | 0.22 |
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Return for Risk
LFRIX vs. BGT — Risk / Return Rank
LFRIX
BGT
LFRIX vs. BGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Floating Rate Fund (LFRIX) 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.
| LFRIX | BGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.77 | ||
| Sortino ratioReturn per unit of downside risk | +6.16 | ||
| Omega ratioGain probability vs. loss probability | 2.03 | 0.98 | +1.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.09 | -0.15 | +4.24 |
| Martin ratioReturn relative to average drawdown | 15.39 | -0.31 | +15.71 |
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Drawdowns
LFRIX vs. BGT - Drawdown Comparison
The maximum LFRIX drawdown since its inception was -27.90%, smaller than the maximum BGT drawdown of -58.06%. Use the drawdown chart below to compare losses from any high point for LFRIX and BGT.
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Drawdown Indicators
| LFRIX | BGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.90% | -58.06% | +30.16% |
Max Drawdown (1Y)Largest decline over 1 year | -1.55% | -11.06% | +9.51% |
Max Drawdown (3Y)Largest decline over 3 years | -2.59% | -15.91% | +13.32% |
Max Drawdown (5Y)Largest decline over 5 years | -6.23% | -23.19% | +16.96% |
Max Drawdown (10Y)Largest decline over 10 years | -21.75% | -41.90% | +20.15% |
Current DrawdownCurrent decline from peak | -0.25% | -5.85% | +5.60% |
Average DrawdownAverage peak-to-trough decline | -1.94% | -8.11% | +6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 5.14% | -4.73% |
Volatility
LFRIX vs. BGT - Volatility Comparison
The current volatility for Lord Abbett Floating Rate Fund (LFRIX) is 0.65%, while BlackRock Floating Rate Income Trust (BGT) has a volatility of 1.46%. This indicates that LFRIX 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
| LFRIX | BGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 1.46% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 1.87% | 7.02% | -5.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.44% | 9.95% | -7.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.86% | 13.56% | -10.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.91% | 15.34% | -11.43% |
LFRIX vs. BGT - Expense Ratio Comparison
LFRIX has a 0.60% expense ratio, which is lower than BGT's 1.74% expense ratio.
Dividends
LFRIX vs. BGT - Dividend Comparison
LFRIX's dividend yield for the trailing twelve months is around 6.90%, less than BGT's 13.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 13.57% | 12.74% | 11.22% | 10.36% | 6.87% | 5.55% | 7.58% | 6.33% | 6.64% | 5.03% | 5.03% | 6.04% |
LFRIX Lord Abbett Floating Rate Fund | 6.90% | 7.20% | 7.68% | 7.63% | 3.95% | 4.01% | 4.64% | 5.71% | 5.60% | 4.65% | 4.64% | 4.72% |
Frequently Asked Questions
LFRIX and BGT have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGT has higher volatility (1.46%) compared to LFRIX (0.65%). In terms of maximum drawdown, LFRIX dropped -27.90% vs BGT's -58.06%.
LFRIX currently has the higher Sharpe Ratio (2.61 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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