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 4.48%/yr vs 6.51%/yr for BGT. Their 0.22 correlation means their historical movements had little consistent relationship. 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 2.45% return, which is significantly lower than BGT's 3.20% return. Over the past 10 years, LFRIX has underperformed BGT with an annualized return of 4.48%, while BGT has yielded a comparatively higher 6.51% annualized return.
LFRIX
- 1D
- 0.12%
- 1M
- -0.12%
- 6M
- 2.38%
- YTD
- 2.45%
- 1Y
- 5.52%
- 3Y*
- 7.05%
- 5Y*
- 5.50%
- 10Y*
- 4.48%
- ALL TIME*
- 4.13%
BGT
- 1D
- 0.74%
- 1M
- 2.93%
- 6M
- 1.06%
- YTD
- 3.20%
- 1Y
- -3.09%
- 3Y*
- 8.77%
- 5Y*
- 6.83%
- 10Y*
- 6.51%
- ALL TIME*
- 5.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.59M | $1.30M | $1.18M | |
| $0.00 | $0.00 | $0.00 |
LFRIX vs. BGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LFRIX Lord Abbett Floating Rate Fund | 2.45% | 6.30% | 8.28% | 12.22% | -2.99% | 5.48% | -1.47% | 7.59% | -0.01% | 3.97% |
BGT BlackRock Floating Rate Income Trust | 3.20% | -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 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.26 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 | +2.70 | ||
| Sortino ratioReturn per unit of downside risk | +5.67 | ||
| Omega ratioGain probability vs. loss probability | 1.88 | 0.96 | +0.92 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | -0.25 | +4.04 |
| Martin ratioReturn relative to average drawdown | 14.02 | -0.52 | +14.54 |
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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% | -3.09% | +2.84% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -8.10% | +6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 5.41% | -4.99% |
Volatility
LFRIX vs. BGT - Volatility Comparison
The current volatility for Lord Abbett Floating Rate Fund (LFRIX) is 0.31%, while BlackRock Floating Rate Income Trust (BGT) has a volatility of 3.08%. 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 | 0.31% | 3.08% | -2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 1.91% | 7.43% | -5.52% |
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 | 2.87% | 13.60% | -10.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.91% | 15.35% | -11.44% |
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 6.24%, less than BGT's 13.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 13.33% | 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 | 6.24% | 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 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGT has higher volatility (3.08%) compared to LFRIX (0.31%). In terms of maximum drawdown, LFRIX dropped -27.90% vs BGT's -58.06%.
LFRIX currently has the higher Sharpe Ratio (2.42 vs -0.28), 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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