BGT vs NCZ

Comparison between BlackRock Floating Rate Income Trust (BGT, ETF) and Virtus Convertible & Income Fund II (NCZ, ETF).

5-Year PerformanceBGT has outperformed NCZ, delivering a return of +6.5% compared to +6.3%

BGT vs NCZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BGT(ETF)	NCZ(ETF)
Net Assets	$337M	$336M
Max Drawdown	64.14%	85.64%
Sharpe Ratio	-0.58	1.89
5Y Beta	0.35	0.80
5Y Dividends CAGR	11.57%	-4.36%

Net Assets

Winner

BGT

$337M

NCZ

$336M

Max Drawdown

Winner

BGT

64.14%

NCZ

85.64%

Sharpe Ratio

BGT

-0.58

Winner

NCZ

1.89

5Y Beta

Winner

BGT

0.35

NCZ

0.80

5Y Dividends CAGR

Winner

BGT

11.57%

NCZ

-4.36%

BGT vs NCZ - Historical Returns

Returns include dividend reinvestment.

Period	BGT	NCZ
1 month	-0.73%	+3.72%
3 months	+3.46%	+15.43%
6 months	+1.79%	+21.96%
1 year	-2.37%	+42.66%
5 years(CAGR)	+6.46%	+6.26%
10 years(CAGR)	+6.43%	+9.36%
Max(CAGR)	+5.31%	+6.17%

BGT

-0.73%

Winner

NCZ

+3.72%

BGT

+3.46%

Winner

NCZ

+15.43%

BGT

+1.79%

Winner

NCZ

+21.96%

BGT

-2.37%

Winner

NCZ

+42.66%

5Y(CAGR)

Winner

BGT

+6.46%

NCZ

+6.26%

10Y(CAGR)

BGT

+6.43%

Winner

NCZ

+9.36%

Max(CAGR)

BGT

+5.31%

Winner

NCZ

+6.17%

BGT vs NCZ - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	BGT	NCZ
2026	+1.08%	+19.11%
2025	-1.46%	+23.56%
2024	+17.10%	+19.58%
2023	+25.02%	+16.86%
2022	-14.22%	-35.66%
2021	+26.55%	+10.11%
2020	-1.30%	+11.35%
2019	+17.15%	+22.29%
2018	-13.82%	-18.47%
2017	+4.04%	+23.36%
2016	+19.09%	+29.64%
2015	+2.40%	-34.67%
2014	-2.37%	+10.11%
2013	-3.09%	+24.09%
2012	+19.80%	+9.02%
2011	-11.00%	-6.63%
2010	+28.58%	+25.37%
2009	+80.65%	+111.32%
2008	-41.10%	-61.60%
2007	-10.63%	-12.60%
2006	+21.74%	+22.86%
2005	-1.79%	+0.13%
2004	-4.99%	+12.68%
2003	N/A	+6.87%

BGT vs NCZ Drawdown Comparison

The maximum drawdown for BGT was -58.00%, occurring on Dec 15, 2008. Recovery took 643 trading sessions.

The maximum drawdown for NCZ was -79.41%, occurring on Nov 21, 2008. Recovery took 926 trading sessions.

The current BGT drawdown is -5.43%.

Rank	BGT	NCZ
#1	-58.00% Jul 9, 2007 - Jan 26, 2010	-79.41% Jun 4, 2007 - Feb 3, 2011
#2	-41.92% Jan 23, 2020 - Jan 15, 2021	-56.04% Feb 19, 2020 - Dec 4, 2020
#3	-24.68% Dec 31, 2010 - Sep 12, 2012	-50.80% Jul 3, 2014 - Jun 8, 2018
#4	-23.18% Dec 29, 2021 - Dec 14, 2023	-43.93% Nov 8, 2021 - Sep 10, 2025
#5	-15.97% Mar 2, 2010 - Oct 1, 2010	-30.38% Sep 14, 2018 - Feb 18, 2020
#6	-15.96% Mar 16, 2018 - Dec 4, 2019	-26.78% Jun 3, 2011 - Sep 12, 2012
#7	-15.93% Dec 16, 2024 - Jul 2, 2025	-17.42% Apr 2, 2004 - Sep 13, 2004
#8	-15.48% May 22, 2013 - Aug 24, 2016	-13.07% Oct 8, 2012 - Jan 25, 2013
#9	-11.68% Sep 22, 2004 - Feb 10, 2006	-11.95% Feb 13, 2026 - Apr 9, 2026
#10	-11.08% Aug 1, 2025 - Mar 27, 2026	-11.62% Dec 28, 2004 - Jul 14, 2005
#11	-8.95% Oct 19, 2012 - Jan 3, 2013	-8.85% Feb 12, 2021 - Jun 11, 2021
#12	-8.30% May 15, 2024 - Oct 30, 2024	-8.61% May 20, 2013 - Oct 11, 2013
#13	-6.41% Apr 25, 2017 - Jan 2, 2018	-7.41% Sep 6, 2005 - Jan 10, 2006
#14	-6.10% Oct 14, 2010 - Nov 30, 2010	-6.84% Mar 9, 2011 - May 27, 2011
#15	-5.68% Feb 6, 2007 - Apr 5, 2007	-6.39% Nov 3, 2025 - Dec 24, 2025

Correlation

Correlation between BGT and NCZ is 0.87 which considered as a strong positive correlation - the stocks tend to move together.

0.87

-101

Dividend Comparison (2003 - 2026)

BGT vs NCZ dividend yield comparison.

Year	BGT	NCZ
2026	6.75%	4.55%
2025	12.74%	10.45%
2024	11.23%	11.50%
2023	10.36%	12.84%
2022	6.87%	15.62%
2021	5.55%	8.82%
2020	7.58%	9.28%
2019	6.33%	11.28%
2018	6.64%	15.33%
2017	5.03%	13.80%
2016	5.03%	12.08%
2015	6.04%	18.02%
2014	6.65%	11.45%
2013	6.41%	11.36%
2012	7.08%	12.86%
2011	8.11%	12.96%
2010	6.15%	12.38%
2009	6.90%	12.41%
2008	23.76%	27.60%
2007	10.08%	12.97%
2006	7.60%	10.52%
2005	7.13%	12.68%
2004	2.00%	9.87%
2003	0.00%	3.76%