- ISIN
- US0919366585
- Issuer
- BlackRock
- Inception Date
- Nov 15, 2012
- Category
- Ultrashort Bond
- Min. Investment
- $5,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
BBSOX Performance Chart
BlackRock Short Obligations Fund (BBSOX) is up 1.5% since the beginning of the year. BBSOX is currently trading at $10 per share. Investors who bought $1,000 worth of BBSOX shares 5 years ago would now be looking at an investment worth $1,175.
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Returns By Period
BlackRock Short Obligations Fund (BBSOX) has returned 1.49% so far this year and 4.24% over the past 12 months. Over the last ten years, BBSOX has returned 2.48% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
BlackRock Short Obligations Fund
- 1D
- 0.00%
- 1M
- 0.34%
- YTD
- 1.49%
- 6M
- 1.85%
- 1Y
- 4.24%
- 3Y*
- 4.77%
- 5Y*
- 3.27%
- 10Y*
- 2.48%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
BBSOX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2013, BBSOX's average daily return is +0.01%, while the average monthly return is +0.16%. At this rate, an investment would double in approximately 36.1 years.
Historically, 88% of months were positive and 12% were negative. The best month was Apr 2020 with a return of +0.9%, while the worst month was Mar 2020 at -0.8%. The longest winning streak lasted 31 consecutive months, and the longest losing streak was 6 months.
On a daily basis, BBSOX closed higher 9% of trading days. The best single day was May 31, 2024 with a return of +0.6%, while the worst single day was Mar 19, 2020 at -0.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.35% | 0.31% | 0.14% | 0.33% | 0.34% | 0.00% | 1.49% | ||||||
| 2025 | 0.50% | 0.35% | 0.36% | 0.36% | 0.39% | 0.47% | 0.28% | 0.48% | 0.37% | 0.37% | 0.35% | 0.36% | 4.74% |
| 2024 | 0.44% | 0.31% | 0.44% | 0.42% | 0.56% | 0.42% | 0.63% | 0.53% | 0.48% | 0.31% | 0.40% | 0.30% | 5.36% |
| 2023 | 0.51% | 0.20% | 0.44% | 0.10% | 0.36% | 0.02% | 0.48% | 0.49% | 0.41% | -0.00% | 0.62% | 0.64% | 4.36% |
| 2022 | -0.07% | -0.17% | -0.26% | -0.06% | 0.17% | -0.30% | 0.10% | 0.16% | -0.01% | 0.10% | 0.44% | 0.49% | 0.60% |
| 2021 | 0.00% | -0.10% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | -0.07% | 0.03% | -0.07% | -0.07% | -0.10% |
Benchmark Metrics
BlackRock Short Obligations Fund has an annualized alpha of 2.00%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 03, 2013.
- This fund captured 4.97% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -3.76%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.00 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.00%
- Beta
- 0.00
- R²
- 0.00
- Upside Capture
- 4.97%
- Downside Capture
- -3.76%
Expense Ratio
BBSOX has an expense ratio of 0.30%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BBSOX ranks 98 for risk / return — in the top 98% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BlackRock Short Obligations Fund (BBSOX) and compare them to S&P 500 Index.
| BBSOX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.20 | 2.39 | +0.81 |
Sortino ratioReturn per unit of downside risk | 11.68 | 3.25 | +8.42 |
Omega ratioGain probability vs. loss probability | 4.23 | 1.43 | +2.80 |
Calmar ratioReturn relative to maximum drawdown | 21.50 | 3.11 | +18.38 |
Martin ratioReturn relative to average drawdown | 70.26 | 14.38 | +55.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
BlackRock Short Obligations Fund provided a 4.25% dividend yield over the last twelve months, with an annual payout of $0.43 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.43 | $0.45 | $0.50 | $0.34 | $0.13 | $0.03 | $0.11 | $0.26 | $0.22 | $0.12 | $0.10 | $0.06 |
Dividend yield | 4.25% | 4.43% | 5.01% | 3.35% | 1.29% | 0.30% | 1.13% | 2.56% | 2.24% | 1.17% | 1.03% | 0.62% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Short Obligations 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 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.17 | ||||||
| 2025 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.50 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.00 | $0.04 | $0.00 | $0.04 | $0.04 | $0.04 | $0.00 | $0.04 | $0.04 | $0.34 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.13 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 |
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 Short Obligations 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 Short Obligations Fund was 1.59%, occurring on Mar 24, 2020. Recovery took 31 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -1.59%Mar 2020 | 18d | 1mo 14d | 2mo 2dMar 2020 - May 2020 |
Bear market2022 | -1.00%Jun 2022 | 8mo 13d | 6mo 2d | 1y 2moOct 2021 - Dec 2022 |
2023 pullback2023 | -0.30%Mar 2023 | 2d | 15d | 17dMar 2023 - Mar 2023 |
2025 selloff2025 | -0.30%Apr 2025 | 7d | 19d | 26dApr 2025 - Apr 2025 |
2023 pullback2023 | -0.20%Feb 2023 | 11d | 14d | 25dFeb 2023 - Feb 2023 |
Drawdown Indicators
| BBSOX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.59% | -56.78% | +55.19% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -9.10% | +8.90% |
Max Drawdown (3Y)Largest decline over 3 years | -0.30% | -18.90% | +18.60% |
Max Drawdown (5Y)Largest decline over 5 years | -1.00% | -25.43% | +24.43% |
Max Drawdown (10Y)Largest decline over 10 years | -1.59% | -33.92% | +32.33% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -10.72% | +10.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 1.97% | -1.91% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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