PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
MXFIX vs. BGT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MXFIX vs. BGT

Last updated Jun 25, 2026

MXFIX (MainStay Floating Rate Fund) and BGT (BlackRock Floating Rate Income Trust) are both Bank Loan funds. Over the past 10 years, MXFIX returned 4.63%/yr vs 6.36%/yr for BGT. At a 0.18 correlation, their price movements are largely independent. MXFIX charges 0.74%/yr vs 1.74%/yr for BGT.

Performance

MXFIX vs. BGT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MainStay Floating Rate Fund (MXFIX) and BlackRock Floating Rate Income Trust (BGT). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, MXFIX achieves a 0.63% return, which is significantly higher than BGT's -0.21% return. Over the past 10 years, MXFIX has underperformed BGT with an annualized return of 4.63%, while BGT has yielded a comparatively higher 6.36% annualized return.

MXFIX

1D
-0.12%
1M
0.19%
YTD
0.63%
6M
1.47%
1Y
4.16%
3Y*
6.74%
5Y*
5.02%
10Y*
4.63%

BGT

1D
-0.28%
1M
-1.20%
YTD
-0.21%
6M
-0.43%
1Y
-2.39%
3Y*
10.06%
5Y*
6.52%
10Y*
6.36%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MXFIX vs. BGT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MXFIX
MainStay Floating Rate Fund		0.63%5.47%7.80%11.43%-1.27%3.40%2.65%8.46%-0.41%4.06%
BGT
BlackRock Floating Rate Income Trust		-0.21%-0.84%16.12%26.29%-16.57%25.89%-0.81%18.97%-11.95%3.91%

Correlation

The correlation between MXFIX and BGT is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.20

Correlation (3Y)
Calculated over the trailing 3-year period

0.18

Correlation (5Y)
Calculated over the trailing 5-year period

0.24

Correlation (10Y)
Calculated over the trailing 10-year period

0.25

Correlation (All Time)
Calculated using the full available price history since Aug 30, 2004

0.18

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

MainStay Floating Rate Fund

BlackRock Floating Rate Income Trust

Often compared with MXFIX:
MXFIX vs. MSOAXMXFIX vs. MKHCXMXFIX vs. MSPIXMXFIX vs. EPSYXMXFIX vs. MGXIXMXFIX vs. MBAIXMXFIX vs. EPLCX
Often compared with BGT:
BGT vs. VGTBGT vs. EFTBGT vs. ECATBGT vs. MPVBGT vs. BITBGT vs. CWBBGT vs. BIZD

Return for Risk

MXFIX vs. BGT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MXFIX
MXFIX Risk / Return Rank: 6262
Overall Rank
MXFIX Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
MXFIX Sortino Ratio Rank: 8686
Sortino Ratio Rank
MXFIX Omega Ratio Rank: 8888
Omega Ratio Rank
MXFIX Calmar Ratio Rank: 5050
Calmar Ratio Rank
MXFIX Martin Ratio Rank: 4141
Martin Ratio Rank
BGT
BGT Risk / Return Rank: 22
Overall Rank
BGT Sharpe Ratio Rank: 22
Sharpe Ratio Rank
BGT Sortino Ratio Rank: 22
Sortino Ratio Rank
BGT Omega Ratio Rank: 22
Omega Ratio Rank
BGT Calmar Ratio Rank: 22
Calmar Ratio Rank
BGT Martin Ratio Rank: 22
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MXFIX vs. BGT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MainStay Floating Rate Fund (MXFIX) 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.

MXFIXBGTDifference
Sharpe ratioReturn per unit of total volatility
1.76
-0.24

+2.00

Sortino ratioReturn per unit of downside risk
3.69
-0.27

+3.97

Omega ratioGain probability vs. loss probability

1.55

0.97

+0.59

Calmar ratioReturn relative to maximum drawdown

2.50

-0.22

+2.71

Martin ratioReturn relative to average drawdown

7.91

-0.46

+8.38

MXFIX vs. BGT - Sharpe Ratio Comparison

The current MXFIX Sharpe Ratio is 1.76, which is higher than the BGT Sharpe Ratio of -0.24. The chart below compares the historical Sharpe Ratios of MXFIX and BGT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

MXFIX vs. BGT - Drawdown Comparison

The maximum MXFIX drawdown since its inception was -25.01%, smaller than the maximum BGT drawdown of -58.06%. Use the drawdown chart below to compare losses from any high point for MXFIX and BGT.

Loading charts...

Drawdown Indicators

MXFIXBGTDifference

Max Drawdown

Largest peak-to-trough decline

-25.01%

-58.06%

+33.05%

Max Drawdown (1Y)

Largest decline over 1 year

-1.73%

-11.06%

+9.33%

Max Drawdown (3Y)

Largest decline over 3 years

-2.57%

-15.91%

+13.34%

Max Drawdown (5Y)

Largest decline over 5 years

-6.34%

-23.19%

+16.85%

Max Drawdown (10Y)

Largest decline over 10 years

-20.09%

-41.90%

+21.81%

Current Drawdown

Current decline from peak

-0.35%

-6.30%

+5.95%

Average Drawdown

Average peak-to-trough decline

-1.21%

-8.11%

+6.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.54%

5.17%

-4.63%

Volatility

MXFIX vs. BGT - Volatility Comparison

The current volatility for MainStay Floating Rate Fund (MXFIX) is 0.64%, while BlackRock Floating Rate Income Trust (BGT) has a volatility of 1.42%. This indicates that MXFIX 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.

Loading charts...

Volatility by Period

MXFIXBGTDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.64%

1.42%

-0.78%

Volatility (6M)

Calculated over the trailing 6-month period

1.82%

7.02%

-5.20%

Volatility (1Y)

Calculated over the trailing 1-year period

2.46%

9.94%

-7.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.69%

13.56%

-10.87%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.82%

15.34%

-11.52%

MXFIX vs. BGT - Expense Ratio Comparison

MXFIX has a 0.74% expense ratio, which is lower than BGT's 1.74% expense ratio.

Dividends

MXFIX vs. BGT - Dividend Comparison

MXFIX's dividend yield for the trailing twelve months is around 7.20%, less than BGT's 13.63% yield.

PositionTTM20252024202320222021202020192018201720162015
BGT
BlackRock Floating Rate Income Trust		13.63%12.74%11.22%10.36%6.87%5.55%7.58%6.33%6.64%5.03%5.03%6.04%
MXFIX
MainStay Floating Rate Fund		7.20%7.41%7.49%7.50%4.51%2.90%3.46%4.87%4.85%4.09%3.75%3.95%

Frequently Asked Questions

MXFIX and BGT have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BGT has higher volatility (1.42%) compared to MXFIX (0.64%). In terms of maximum drawdown, MXFIX dropped -25.01% vs BGT's -58.06%.

MXFIX currently has the higher Sharpe Ratio (1.76 vs -0.24), 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.

Portfolio Optimizer

Find the right allocation for MXFIX and BGT

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer