MPV vs. BGT
MPV (Barings Participation Investors) is a stock, while BGT (BlackRock Floating Rate Income Trust) is Bank Loan fund managed by BlackRock. Over the past 10 years, MPV returned 9.59%/yr vs 6.41%/yr for BGT. At a 0.09 correlation, their price movements are largely independent.
Performance
MPV vs. BGT - Performance Comparison
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Returns By Period
In the year-to-date period, MPV achieves a 10.71% return, which is significantly higher than BGT's 0.26% return. Over the past 10 years, MPV has outperformed BGT with an annualized return of 9.59%, while BGT has yielded a comparatively lower 6.41% annualized return.
MPV
- 1D
- -0.75%
- 1M
- 3.85%
- YTD
- 10.71%
- 6M
- -3.38%
- 1Y
- -3.02%
- 3Y*
- 20.03%
- 5Y*
- 13.91%
- 10Y*
- 9.59%
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%
MPV vs. BGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MPV Barings Participation Investors | 10.71% | 0.74% | 20.52% | 39.14% | -10.73% | 31.93% | -21.01% | 14.57% | 14.84% | 7.04% |
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 MPV and BGT is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2004 | 0.09 |
The correlation between MPV and BGT shifts across timeframes, from 0.09 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MPV vs. BGT — Risk / Return Rank
MPV
BGT
MPV vs. BGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barings Participation Investors (MPV) 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.
| MPV | BGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.98 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | -0.15 | -0.01 |
| Martin ratioReturn relative to average drawdown | -0.39 | -0.31 | -0.08 |
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Drawdowns
MPV vs. BGT - Drawdown Comparison
The maximum MPV drawdown since its inception was -54.02%, smaller than the maximum BGT drawdown of -58.06%. Use the drawdown chart below to compare losses from any high point for MPV and BGT.
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Drawdown Indicators
| MPV | BGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.02% | -58.06% | +4.04% |
Max Drawdown (1Y)Largest decline over 1 year | -19.76% | -11.06% | -8.70% |
Max Drawdown (3Y)Largest decline over 3 years | -19.76% | -15.91% | -3.85% |
Max Drawdown (5Y)Largest decline over 5 years | -22.63% | -23.19% | +0.56% |
Max Drawdown (10Y)Largest decline over 10 years | -54.02% | -41.90% | -12.12% |
Current DrawdownCurrent decline from peak | -11.17% | -5.85% | -5.32% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -8.11% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.72% | 5.14% | +2.58% |
Volatility
MPV vs. BGT - Volatility Comparison
Barings Participation Investors (MPV) has a higher volatility of 6.02% compared to BlackRock Floating Rate Income Trust (BGT) at 1.46%. This indicates that MPV's price experiences larger fluctuations and is considered to be riskier 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
| MPV | BGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 1.46% | +4.56% |
Volatility (6M)Calculated over the trailing 6-month period | 19.56% | 7.02% | +12.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.18% | 9.95% | +15.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.18% | 13.56% | +7.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.85% | 15.34% | +10.51% |
Dividends
MPV vs. BGT - Dividend Comparison
MPV's dividend yield for the trailing twelve months is around 8.59%, 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% |
MPV Barings Participation Investors | 8.59% | 9.31% | 9.19% | 8.27% | 6.98% | 5.41% | 6.73% | 6.70% | 7.18% | 7.66% | 7.61% | 7.86% |
Frequently Asked Questions
MPV and BGT have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPV has higher volatility (6.02%) compared to BGT (1.46%). In terms of maximum drawdown, MPV dropped -54.02% vs BGT's -58.06%.
MPV currently has the higher Sharpe Ratio (-0.12 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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