MXFIX vs. BGT
MXFIX (MainStay Floating Rate Fund) and BGT (BlackRock Floating Rate Income Trust) are both Bank Loan funds. Over the past 10 years, MXFIX returned 4.61%/yr vs 6.13%/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
Loading charts...
Returns By Period
In the year-to-date period, MXFIX achieves a 0.99% return, which is significantly higher than BGT's -0.49% return. Over the past 10 years, MXFIX has underperformed BGT with an annualized return of 4.61%, while BGT has yielded a comparatively higher 6.13% annualized return.
MXFIX
- 1D
- 0.00%
- 1M
- 0.54%
- YTD
- 0.99%
- 6M
- 1.60%
- 1Y
- 4.65%
- 3Y*
- 7.11%
- 5Y*
- 5.09%
- 10Y*
- 4.61%
BGT
- 1D
- -0.65%
- 1M
- -0.58%
- YTD
- -0.49%
- 6M
- 1.38%
- 1Y
- -1.80%
- 3Y*
- 10.35%
- 5Y*
- 6.89%
- 10Y*
- 6.13%
MXFIX vs. BGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXFIX MainStay Floating Rate Fund | 0.99% | 5.47% | 7.80% | 11.43% | -1.27% | 3.40% | 2.65% | 8.46% | -0.41% | 4.06% |
BGT BlackRock Floating Rate Income Trust | -0.49% | -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 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
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 31, 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.
Return for Risk
MXFIX vs. BGT — Risk / Return Rank
MXFIX
BGT
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.
| MXFIX | BGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.09 | ||
| Sortino ratioReturn per unit of downside risk | +4.24 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 0.98 | +0.65 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | -0.16 | +2.87 |
| Martin ratioReturn relative to average drawdown | 8.62 | -0.36 | +8.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MXFIX | BGT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | -0.17 | +2.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.90 | 0.51 | +1.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.21 | 0.40 | +0.81 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.24 | 0.29 | +0.95 |
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
| MXFIX | BGT | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | 0.00% | -6.56% | +6.56% |
Average DrawdownAverage peak-to-trough decline | -1.21% | -8.12% | +6.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 4.99% | -4.45% |
Volatility
MXFIX vs. BGT - Volatility Comparison
The current volatility for MainStay Floating Rate Fund (MXFIX) is 0.59%, while BlackRock Floating Rate Income Trust (BGT) has a volatility of 1.63%. 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
| MXFIX | BGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 1.63% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.90% | 7.13% | -5.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.45% | 10.35% | -7.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.69% | 13.57% | -10.88% |
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 7.17%, less than BGT's 13.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 13.51% | 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 | 7.17% | 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 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGT has higher volatility (1.63%) compared to MXFIX (0.59%). In terms of maximum drawdown, MXFIX dropped -25.01% vs BGT's -58.06%.
MXFIX currently has the higher Sharpe Ratio (1.92 vs -0.17), 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.
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