PSFIX vs. BGT
PSFIX (Virtus Newfleet Senior Floating Rate Fund) and BGT (BlackRock Floating Rate Income Trust) are both Bank Loan funds. Over the past 10 years, PSFIX returned 4.42%/yr vs 6.35%/yr for BGT. At a 0.21 correlation, their price movements are largely independent. PSFIX charges 0.69%/yr vs 1.74%/yr for BGT.
Performance
PSFIX vs. BGT - Performance Comparison
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Returns By Period
In the year-to-date period, PSFIX achieves a 1.78% return, which is significantly lower than BGT's 2.25% return. Over the past 10 years, PSFIX has underperformed BGT with an annualized return of 4.42%, while BGT has yielded a comparatively higher 6.35% annualized return.
PSFIX
- 1D
- 0.12%
- 1M
- 0.46%
- 6M
- 1.67%
- YTD
- 1.78%
- 1Y
- 4.11%
- 3Y*
- 6.50%
- 5Y*
- 5.25%
- 10Y*
- 4.42%
BGT
- 1D
- 0.56%
- 1M
- 1.51%
- 6M
- -0.48%
- YTD
- 2.25%
- 1Y
- -1.98%
- 3Y*
- 9.61%
- 5Y*
- 6.93%
- 10Y*
- 6.35%
PSFIX vs. BGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSFIX Virtus Newfleet Senior Floating Rate Fund | 1.78% | 5.11% | 7.59% | 10.67% | -0.21% | 4.51% | 0.94% | 8.29% | -0.95% | 3.11% |
BGT BlackRock Floating Rate Income Trust | 2.25% | -0.84% | 16.12% | 26.29% | -16.57% | 25.89% | -0.81% | 18.97% | -11.95% | 3.91% |
Correlation
The correlation between PSFIX and BGT is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | 0.21 |
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Return for Risk
PSFIX vs. BGT — Risk / Return Rank
PSFIX
BGT
PSFIX vs. BGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Senior Floating Rate Fund (PSFIX) 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.
| PSFIX | BGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.00 | ||
| Sortino ratioReturn per unit of downside risk | +4.34 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 0.97 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 4.67 | -0.18 | +4.85 |
| Martin ratioReturn relative to average drawdown | 14.60 | -0.37 | +14.97 |
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Drawdowns
PSFIX vs. BGT - Drawdown Comparison
The maximum PSFIX drawdown since its inception was -22.76%, smaller than the maximum BGT drawdown of -58.06%. Use the drawdown chart below to compare losses from any high point for PSFIX and BGT.
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Drawdown Indicators
| PSFIX | BGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.76% | -58.06% | +35.30% |
Max Drawdown (1Y)Largest decline over 1 year | -0.88% | -11.06% | +10.18% |
Max Drawdown (3Y)Largest decline over 3 years | -2.62% | -15.91% | +13.29% |
Max Drawdown (5Y)Largest decline over 5 years | -5.78% | -23.19% | +17.41% |
Max Drawdown (10Y)Largest decline over 10 years | -22.76% | -41.90% | +19.14% |
Current DrawdownCurrent decline from peak | 0.00% | -3.99% | +3.99% |
Average DrawdownAverage peak-to-trough decline | -0.85% | -8.11% | +7.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 5.35% | -5.07% |
Volatility
PSFIX vs. BGT - Volatility Comparison
The current volatility for Virtus Newfleet Senior Floating Rate Fund (PSFIX) is 0.67%, while BlackRock Floating Rate Income Trust (BGT) has a volatility of 2.21%. This indicates that PSFIX 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
| PSFIX | BGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 2.21% | -1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 1.66% | 7.06% | -5.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.29% | 9.79% | -7.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.83% | 13.56% | -10.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.16% | 15.33% | -11.17% |
PSFIX vs. BGT - Expense Ratio Comparison
PSFIX has a 0.69% expense ratio, which is lower than BGT's 1.74% expense ratio.
Dividends
PSFIX vs. BGT - Dividend Comparison
PSFIX's dividend yield for the trailing twelve months is around 6.66%, less than BGT's 13.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 13.45% | 12.74% | 11.22% | 10.36% | 6.87% | 5.55% | 7.58% | 6.33% | 6.64% | 5.03% | 5.03% | 6.04% |
PSFIX Virtus Newfleet Senior Floating Rate Fund | 6.66% | 7.22% | 7.77% | 7.48% | 4.85% | 2.84% | 3.98% | 5.29% | 5.07% | 4.03% | 3.95% | 4.40% |
Frequently Asked Questions
PSFIX 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 (2.21%) compared to PSFIX (0.67%). In terms of maximum drawdown, PSFIX dropped -22.76% vs BGT's -58.06%.
PSFIX currently has the higher Sharpe Ratio (1.80 vs -0.20), 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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