TYLG vs. BGT
TYLG (Global X Information Technology Covered Call & Growth ETF) and BGT (BlackRock Floating Rate Income Trust) are both funds - TYLG is a Derivative Income fund tracking the Cboe S&P Technology Select Sector Half BuyWrite Index - Benchmark TR Gross, while BGT is a Bank Loan fund managed by BlackRock. Over the past 3 years, TYLG returned 21.84%/yr vs 8.64%/yr for BGT. Their 0.25 correlation means their historical movements had little consistent relationship. TYLG charges 0.60%/yr vs 1.74%/yr for BGT.
Performance
TYLG vs. BGT - Performance Comparison
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Returns By Period
In the year-to-date period, TYLG achieves a 17.59% return, which is significantly higher than BGT's 2.82% return.
TYLG
- 1D
- 1.38%
- 1M
- -0.29%
- 6M
- 16.32%
- YTD
- 17.59%
- 1Y
- 32.47%
- 3Y*
- 21.84%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 25.33%
BGT
- 1D
- -0.37%
- 1M
- 2.55%
- 6M
- 0.60%
- YTD
- 2.82%
- 1Y
- -3.45%
- 3Y*
- 8.64%
- 5Y*
- 6.69%
- 10Y*
- 6.41%
- ALL TIME*
- 5.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.54M | $1.32M | $1.16M | |
| $118.02K | $128.07K | $139.81K |
TYLG vs. BGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TYLG Global X Information Technology Covered Call & Growth ETF | 17.59% | 16.84% | 20.57% | 41.56% | -1.78% |
BGT BlackRock Floating Rate Income Trust | 2.82% | -0.84% | 16.12% | 26.29% | -1.28% |
Correlation
The correlation between TYLG and BGT is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2022 | 0.25 |
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Return for Risk
TYLG vs. BGT — Risk / Return Rank
TYLG
BGT
TYLG vs. BGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Information Technology Covered Call & Growth ETF (TYLG) 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.
| TYLG | BGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.05 | ||
| Sortino ratioReturn per unit of downside risk | +2.72 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.95 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | -0.32 | +3.34 |
| Martin ratioReturn relative to average drawdown | 9.99 | -0.65 | +10.64 |
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Drawdowns
TYLG vs. BGT - Drawdown Comparison
The maximum TYLG drawdown since its inception was -24.01%, smaller than the maximum BGT drawdown of -58.06%. Use the drawdown chart below to compare losses from any high point for TYLG and BGT.
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Drawdown Indicators
| TYLG | BGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.01% | -58.06% | +34.05% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -10.93% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -24.01% | -15.91% | -8.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.19% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.90% | — |
Current DrawdownCurrent decline from peak | -5.60% | -3.45% | -2.15% |
Average DrawdownAverage peak-to-trough decline | -2.82% | -8.10% | +5.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 5.41% | -2.15% |
Volatility
TYLG vs. BGT - Volatility Comparison
Global X Information Technology Covered Call & Growth ETF (TYLG) has a higher volatility of 8.08% compared to BlackRock Floating Rate Income Trust (BGT) at 3.12%. This indicates that TYLG'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
| TYLG | BGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.08% | 3.12% | +4.96% |
Volatility (6M)Calculated over the trailing 6-month period | 16.64% | 7.44% | +9.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.20% | 9.97% | +9.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.73% | 13.60% | +6.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.73% | 15.35% | +4.38% |
TYLG vs. BGT - Expense Ratio Comparison
TYLG has a 0.60% expense ratio, which is lower than BGT's 1.74% expense ratio.
Dividends
TYLG vs. BGT - Dividend Comparison
TYLG's dividend yield for the trailing twelve months is around 8.78%, less than BGT's 13.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 13.38% | 12.74% | 11.22% | 10.36% | 6.87% | 5.55% | 7.58% | 6.33% | 6.64% | 5.03% | 5.03% | 6.04% |
TYLG Global X Information Technology Covered Call & Growth ETF | 8.78% | 7.66% | 7.24% | 11.89% | 0.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TYLG and BGT have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TYLG has higher volatility (8.08%) compared to BGT (3.12%). In terms of maximum drawdown, TYLG dropped -24.01% vs BGT's -58.06%.
TYLG currently has the higher Sharpe Ratio (1.70 vs -0.35), 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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