NFIAX vs. BGT
NFIAX (Neuberger Berman Floating Rate Income Fund) and BGT (BlackRock Floating Rate Income Trust) are both Bank Loan funds. Over the past 10 years, NFIAX returned 4.43%/yr vs 6.51%/yr for BGT. Their 0.20 correlation means their historical movements had little consistent relationship. NFIAX charges 0.97%/yr vs 1.74%/yr for BGT.
Performance
NFIAX vs. BGT - Performance Comparison
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Returns By Period
In the year-to-date period, NFIAX achieves a 1.79% return, which is significantly lower than BGT's 3.20% return. Over the past 10 years, NFIAX has underperformed BGT with an annualized return of 4.43%, while BGT has yielded a comparatively higher 6.51% annualized return.
NFIAX
- 1D
- 0.11%
- 1M
- 0.11%
- 6M
- 1.89%
- YTD
- 1.79%
- 1Y
- 4.17%
- 3Y*
- 6.86%
- 5Y*
- 5.06%
- 10Y*
- 4.43%
- ALL TIME*
- 4.28%
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 |
NFIAX vs. BGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NFIAX Neuberger Berman Floating Rate Income Fund | 1.79% | 5.83% | 8.89% | 10.92% | -3.26% | 4.27% | 3.63% | 8.31% | -1.13% | 3.19% |
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 NFIAX 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. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.25 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2009 | 0.20 |
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Return for Risk
NFIAX vs. BGT — Risk / Return Rank
NFIAX
BGT
NFIAX vs. BGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Floating Rate Income Fund (NFIAX) 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.
| NFIAX | BGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.44 | ||
| Sortino ratioReturn per unit of downside risk | +5.72 | ||
| Omega ratioGain probability vs. loss probability | 1.84 | 0.96 | +0.88 |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | -0.25 | +4.65 |
| Martin ratioReturn relative to average drawdown | 14.66 | -0.52 | +15.17 |
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Drawdowns
NFIAX vs. BGT - Drawdown Comparison
The maximum NFIAX drawdown since its inception was -22.18%, smaller than the maximum BGT drawdown of -58.06%. Use the drawdown chart below to compare losses from any high point for NFIAX and BGT.
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Drawdown Indicators
| NFIAX | BGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.18% | -58.06% | +35.88% |
Max Drawdown (1Y)Largest decline over 1 year | -1.07% | -11.06% | +9.99% |
Max Drawdown (3Y)Largest decline over 3 years | -2.19% | -15.91% | +13.72% |
Max Drawdown (5Y)Largest decline over 5 years | -6.84% | -23.19% | +16.35% |
Max Drawdown (10Y)Largest decline over 10 years | -22.18% | -41.90% | +19.72% |
Current DrawdownCurrent decline from peak | -0.11% | -3.09% | +2.98% |
Average DrawdownAverage peak-to-trough decline | -0.82% | -8.10% | +7.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 5.41% | -5.09% |
Volatility
NFIAX vs. BGT - Volatility Comparison
The current volatility for Neuberger Berman Floating Rate Income Fund (NFIAX) is 0.27%, while BlackRock Floating Rate Income Trust (BGT) has a volatility of 3.08%. This indicates that NFIAX 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
| NFIAX | BGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.27% | 3.08% | -2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 1.57% | 7.43% | -5.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.19% | 9.95% | -7.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.70% | 13.60% | -10.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.01% | 15.35% | -11.34% |
NFIAX vs. BGT - Expense Ratio Comparison
NFIAX has a 0.97% expense ratio, which is lower than BGT's 1.74% expense ratio.
Dividends
NFIAX vs. BGT - Dividend Comparison
NFIAX's dividend yield for the trailing twelve months is around 5.94%, 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% |
NFIAX Neuberger Berman Floating Rate Income Fund | 5.94% | 6.84% | 8.05% | 6.89% | 3.97% | 3.36% | 3.68% | 4.71% | 4.32% | 3.44% | 3.46% | 4.05% |
Frequently Asked Questions
NFIAX 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 NFIAX (0.27%). In terms of maximum drawdown, NFIAX dropped -22.18% vs BGT's -58.06%.
NFIAX currently has the higher Sharpe Ratio (2.16 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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