- CUSIP
- 09258N273
- Issuer
- BlackRock
- Inception Date
- Oct 3, 2011
- Category
- Commodities
- Index Tracked
- Bloomberg Commodity Index Total Return
- Distribution Policy
- Distributing
- Asset Class
- Commodity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
BCSKX Performance Chart
BlackRock Commodity Strategies Fund Class K (BCSKX) is up 19.9% since the beginning of the year. BCSKX is currently trading at $12 per share. Investors who bought $1,000 worth of BCSKX shares 5 years ago would now be looking at an investment worth $1,739.
Loading charts...
Returns By Period
BlackRock Commodity Strategies Fund Class K (BCSKX) has returned 19.88% so far this year and 39.26% over the past 12 months.
BlackRock Commodity Strategies Fund Class K
- 1D
- 0.98%
- 1M
- -1.58%
- YTD
- 19.88%
- 6M
- 22.95%
- 1Y
- 39.26%
- 3Y*
- 17.90%
- 5Y*
- 11.70%
- 10Y*
- —
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%
BCSKX Monthly Returns History
Based on dividend-adjusted daily data since Jan 29, 2018, BCSKX's average daily return is +0.05%, while the average monthly return is +0.94%. At this rate, an investment would double in approximately 6.2 years.
Historically, 55% of months were positive and 45% were negative. The best month was Jan 2026 with a return of +10.8%, while the worst month was Mar 2020 at -12.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, BCSKX closed higher 45% of trading days. The best single day was Mar 24, 2020 with a return of +6.3%, while the worst single day was Mar 9, 2020 at -7.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.81% | 6.88% | 1.63% | 1.76% | -3.07% | 0.98% | 19.88% | ||||||
| 2025 | 4.21% | 1.27% | 3.31% | -2.32% | 2.03% | 2.55% | -0.40% | 5.18% | 3.98% | -0.71% | 4.77% | 2.06% | 28.88% |
| 2024 | -2.91% | -1.38% | 7.35% | 2.01% | 2.66% | -2.37% | 0.54% | 1.28% | 1.96% | -0.90% | -0.23% | -3.19% | 4.44% |
| 2023 | 3.19% | -5.66% | 0.76% | 0.65% | -7.21% | 3.71% | 5.05% | -2.05% | -1.39% | -1.29% | 1.07% | -0.47% | -4.27% |
| 2022 | 5.86% | 5.43% | 7.58% | 0.09% | 2.35% | -11.90% | 2.67% | -0.95% | -7.64% | 6.55% | 6.26% | -2.84% | 11.95% |
| 2021 | 1.16% | 6.64% | 0.12% | 5.98% | 3.95% | -0.11% | -0.19% | -0.78% | 2.80% | 4.03% | -6.18% | 3.70% | 22.49% |
Benchmark Metrics
BlackRock Commodity Strategies Fund Class K has an annualized alpha of 6.23%, beta of 0.41, and R2 of 0.28 versus S&P 500 Index. Calculated based on daily prices since January 30, 2018.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (51.42%) than losses (41.63%) - typical of diversified or defensive assets.
- Beta of 0.41 may look defensive, but with R2 of 0.28 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 0.28 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
- 6.23%
- Beta
- 0.41
- R²
- 0.28
- Upside Capture
- 51.42%
- Downside Capture
- 41.63%
Expense Ratio
BCSKX has an expense ratio of 0.67%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BCSKX ranks 87 for risk / return — in the top 87% 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 Commodity Strategies Fund Class K (BCSKX) and compare them to S&P 500 Index.
| BCSKX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.91 | 2.39 | +0.52 |
Sortino ratioReturn per unit of downside risk | 3.66 | 3.25 | +0.40 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.43 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 6.76 | 3.11 | +3.65 |
Martin ratioReturn relative to average drawdown | 24.73 | 14.38 | +10.35 |
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 Commodity Strategies Fund Class K provided a 2.61% dividend yield over the last twelve months, with an annual payout of $0.32 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.32 | $0.32 | $0.30 | $0.78 | $0.86 | $0.25 | $0.06 | $0.15 | $0.15 |
Dividend yield | 2.61% | 3.13% | 3.66% | 9.45% | 9.11% | 2.72% | 0.84% | 2.08% | 2.02% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Commodity Strategies Fund Class K. 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 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.32 |
| 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 | $0.58 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.78 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.70 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.86 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.25 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the BlackRock Commodity Strategies Fund Class K. 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 Commodity Strategies Fund Class K was 30.34%, occurring on Mar 18, 2020. Recovery took 175 trading sessions.
The current BlackRock Commodity Strategies Fund Class K drawdown is 3.12%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -30.34%Mar 2020 | 2mo 11d | 8mo 11d | 10mo 22dJan 2020 - Nov 2020 |
Bear market2022 | -22.34%Sep 2022 | 5mo 10d | 2y 8mo | 3y 2moApr 2022 - Jun 2025 |
2021 pullback2021 | -9.31%Dec 2021 | 1mo 6d | 1mo 12d | 2mo 18dOct 2021 - Jan 2022 |
2021 pullback2021 | -8.14%Aug 2021 | 2mo 14d | 1mo 15d | 3mo 29dJun 2021 - Oct 2021 |
2019 pullback2019 | -7.65%Aug 2019 | 4mo 14d | 4mo 5d | 8mo 19dApr 2019 - Dec 2019 |
Drawdown Indicators
| BCSKX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.34% | -56.78% | +26.44% |
Max Drawdown (1Y)Largest decline over 1 year | -6.27% | -9.10% | +2.83% |
Max Drawdown (3Y)Largest decline over 3 years | -10.51% | -18.90% | +8.39% |
Max Drawdown (5Y)Largest decline over 5 years | -22.34% | -25.43% | +3.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -3.12% | 0.00% | -3.12% |
Average DrawdownAverage peak-to-trough decline | -6.56% | -10.72% | +4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.97% | -0.26% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with BCSKX
Add BlackRock Commodity Strategies Fund Class K to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with BCSKX