- ISIN
- US0919373342
- CUSIP
- 091937334
- Issuer
- BlackRock
- Inception Date
- Feb 16, 2005
- Region
- Global (Broad)
- Category
- Energy Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
BACAX Performance Chart
BlackRock Energy Opportunities Fund (BACAX) is up 32.8% since the beginning of the year. BACAX is currently trading at $18 per share. Investors who bought $1,000 worth of BACAX shares 5 years ago would now be looking at an investment worth $2,633.
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Returns By Period
BlackRock Energy Opportunities Fund (BACAX) has returned 32.81% so far this year and 41.22% over the past 12 months. Over the last ten years, BACAX has returned 9.16% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
BlackRock Energy Opportunities Fund
- 1D
- 1.10%
- 1M
- 10.86%
- 6M
- 18.00%
- YTD
- 32.81%
- 1Y
- 41.22%
- 3Y*
- 15.06%
- 5Y*
- 21.36%
- 10Y*
- 9.16%
- ALL TIME*
- 5.61%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
BACAX Monthly Returns History
Based on dividend-adjusted daily data since Feb 24, 2005, BACAX's average daily return is +0.04%, while the average monthly return is +0.75%. At this rate, an investment would double in approximately 7.7 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2020 with a return of +29.5%, while the worst month was Oct 2008 at -29.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, BACAX closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +16.7%, while the worst single day was Mar 9, 2020 at -19.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 12.55% | 9.75% | 9.93% | -1.69% | -6.07% | -4.86% | 11.33% | 32.81% | |||||
| 2025 | 1.31% | 2.37% | 4.62% | -10.98% | 2.00% | 5.49% | 1.13% | 3.27% | -0.14% | -0.65% | 2.61% | 0.02% | 10.53% |
| 2024 | -1.26% | 2.55% | 9.23% | 0.07% | 0.43% | -1.55% | 1.65% | -0.86% | -4.17% | 1.43% | 4.07% | -6.96% | 3.78% |
| 2023 | 3.28% | -4.92% | -1.67% | 4.05% | -9.95% | 6.74% | 6.29% | 2.01% | 2.96% | -3.83% | -0.23% | -0.79% | 2.61% |
| 2022 | 15.16% | 4.36% | 7.26% | -0.76% | 13.64% | -14.70% | 6.42% | 0.84% | -8.87% | 18.65% | 3.53% | -3.98% | 43.02% |
| 2021 | 1.98% | 14.90% | 1.82% | -0.13% | 6.12% | 3.13% | -6.91% | -0.38% | 11.07% | 9.05% | -6.09% | 3.92% | 42.93% |
Benchmark Metrics
BlackRock Energy Opportunities Fund has an annualized alpha of -1.77%, beta of 1.12, and R2 of 0.49 versus S&P 500 Index. Calculated based on daily prices since February 24, 2005.
- This fund participated in 98.97% of S&P 500 Index downside but only 83.04% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.49 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -1.77%
- Beta
- 1.12
- R²
- 0.49
- Upside Capture
- 83.04%
- Downside Capture
- 98.97%
Expense Ratio
BACAX has a high expense ratio of 1.32%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BACAX ranks 79 for risk / return — above 79% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for BlackRock Energy Opportunities Fund (BACAX) and compare them to S&P 500 Index.
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.
| BACAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.25 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 2.00 | +0.95 |
| Martin ratioReturn relative to average drawdown | 8.75 | 8.49 | +0.26 |
Dividends
Dividend History
BlackRock Energy Opportunities Fund provided a 1.77% dividend yield over the last twelve months, with an annual payout of $0.33 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.34 | $0.30 | $0.39 | $0.28 | $0.22 | $0.22 | $0.26 | $0.25 | $0.28 | $0.22 | $0.18 |
Dividend yield | 1.77% | 2.47% | 2.29% | 3.06% | 2.21% | 2.39% | 3.38% | 2.69% | 2.87% | 2.48% | 1.95% | 1.98% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Energy Opportunities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.34 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.30 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.39 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.28 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.22 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the BlackRock Energy Opportunities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BlackRock Energy Opportunities Fund was 78.88%, occurring on Mar 18, 2020. Recovery took 1480 trading sessions.
The current BlackRock Energy Opportunities Fund drawdown is 3.02%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-78.88%Mar 2020 | 11y 8mo | 5y 10mo | 17y 7moJul 2008 - Feb 2026 | COVID crash2020 |
-22.83%Oct 2006 | 4mo 25d | 6mo 12d | 11mo 7dMay 2006 - Apr 2007 | — |
-15.62%Aug 2007 | 27d | 1mo 5d | 2mo 2dJul 2007 - Sep 2007 | — |
-15.14%Jan 2008 | 19d | 1mo 3d | 1mo 22dJan 2008 - Feb 2008 | Financial crisis2007–2009 |
-14.26%Oct 2005 | 16d | 1mo 23d | 2mo 9dOct 2005 - Dec 2005 | — |
Drawdown Indicators
| BACAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.88% | -56.78% | -22.10% |
Max Drawdown (1Y)Largest decline over 1 year | -13.36% | -9.10% | -4.26% |
Max Drawdown (3Y)Largest decline over 3 years | -18.73% | -18.90% | +0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -25.43% | -0.31% |
Max Drawdown (10Y)Largest decline over 10 years | -65.92% | -33.92% | -32.00% |
Current DrawdownCurrent decline from peak | -3.02% | -1.58% | -1.44% |
Average DrawdownAverage peak-to-trough decline | -34.08% | -10.70% | -23.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.50% | 2.14% | +2.36% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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