- ISIN
- US09256H7659
- CUSIP
- 09256H765
- Issuer
- BlackRock
- Inception Date
- Dec 20, 2006
- Category
- Diversified Portfolio
- Min. Investment
- $2,000,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
BICPX Performance Chart
BlackRock 20/80 Target Allocation Fund (BICPX) is up 4.0% since the beginning of the year. BICPX is currently trading at $12 per share. Investors who bought $1,000 worth of BICPX shares 5 years ago would now be looking at an investment worth $1,112.
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Returns By Period
BlackRock 20/80 Target Allocation Fund (BICPX) has returned 4.04% so far this year and 11.29% over the past 12 months. Over the last ten years, BICPX has returned 4.19% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
BlackRock 20/80 Target Allocation Fund
- 1D
- 0.33%
- 1M
- 1.26%
- YTD
- 4.04%
- 6M
- 3.96%
- 1Y
- 11.29%
- 3Y*
- 6.65%
- 5Y*
- 2.14%
- 10Y*
- 4.19%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BICPX Monthly Returns History
Based on dividend-adjusted daily data since Dec 26, 2006, BICPX's average daily return is +0.02%, while the average monthly return is +0.42%. At this rate, an investment would double in approximately 13.8 years.
Historically, 65% of months were positive and 35% were negative. The best month was Dec 2020 with a return of +5.9%, while the worst month was Oct 2008 at -10.9%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.
On a daily basis, BICPX closed higher 48% of trading days. The best single day was Dec 31, 2020 with a return of +4.4%, while the worst single day was Jan 4, 2021 at -4.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.29% | 1.70% | -3.34% | 2.42% | 1.77% | 0.25% | 4.04% | ||||||
| 2025 | 1.28% | 1.44% | -1.24% | 0.18% | 1.08% | 2.22% | 0.35% | 1.56% | 1.70% | 1.17% | 0.50% | -0.09% | 10.57% |
| 2024 | -0.00% | 0.09% | 1.48% | -2.82% | 2.53% | 1.37% | 1.98% | 1.68% | 1.39% | -2.05% | 2.10% | -6.08% | 1.29% |
| 2023 | 4.09% | -2.52% | 1.73% | 1.32% | -0.93% | 1.03% | 0.56% | -1.11% | -2.90% | -1.92% | 5.59% | 4.19% | 9.05% |
| 2022 | -2.97% | -1.40% | -1.09% | -4.75% | 0.18% | -3.73% | 3.32% | -2.50% | -5.13% | 0.10% | 4.34% | -1.65% | -14.67% |
| 2021 | -4.44% | 0.08% | 0.00% | 1.36% | 0.63% | 1.02% | 0.47% | 0.54% | -1.23% | 1.40% | -0.77% | 1.32% | 0.23% |
Benchmark Metrics
BlackRock 20/80 Target Allocation Fund has an annualized alpha of 2.08%, beta of 0.28, and R2 of 0.57 versus S&P 500 Index. Calculated based on daily prices since December 26, 2006.
- This fund participated in 45.88% of S&P 500 Index downside but only 40.34% of its upside - more exposed to losses than it benefited from rallies.
- This fund generated an annualized alpha of 2.08% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.28 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 2.08%
- Beta
- 0.28
- R²
- 0.57
- Upside Capture
- 40.34%
- Downside Capture
- 45.88%
Expense Ratio
BICPX has an expense ratio of 0.11%, which is considered low.
Return for Risk
Risk / Return Rank
BICPX ranks 62 for risk / return — better than 62% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BlackRock 20/80 Target Allocation Fund (BICPX) 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.
| BICPX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.37 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 2.78 | -0.22 |
| Martin ratioReturn relative to average drawdown | 10.53 | 12.44 | -1.91 |
Dividends
Dividend History
BlackRock 20/80 Target Allocation Fund provided a 4.24% dividend yield over the last twelve months, with an annual payout of $0.51 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.51 | $0.51 | $0.00 | $0.38 | $0.36 | $0.61 | $0.55 | $0.29 | $0.55 | $0.31 | $0.20 | $0.71 |
Dividend yield | 4.24% | 4.41% | 0.00% | 3.50% | 3.54% | 4.89% | 4.25% | 2.46% | 5.15% | 2.71% | 1.85% | 6.53% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock 20/80 Target Allocation 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 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.51 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.38 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.61 | $0.61 |
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 20/80 Target Allocation 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 20/80 Target Allocation Fund was 31.00%, occurring on Nov 20, 2008. Recovery took 346 trading sessions.
The current BlackRock 20/80 Target Allocation Fund drawdown is 0.08%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -31.00%Nov 2008 | 1y 20d | 1y 4mo | 2y 5moNov 2007 - Apr 2010 |
Bear market2022 | -18.94%Oct 2022 | 11mo 14d | 2y 1mo | 3y 25dNov 2021 - Dec 2024 |
COVID crash2020 | -11.41%Mar 2020 | 28d | 2mo 20d | 3mo 18dFeb 2020 - Jun 2020 |
2011 pullback2011 | -9.05%Oct 2011 | 5mo 4d | 4mo 2d | 9mo 6dMay 2011 - Feb 2012 |
2025 selloff2025 | -8.69%Apr 2025 | 4mo | 4mo 22d | 8mo 22dDec 2024 - Aug 2025 |
Drawdown Indicators
| BICPX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.00% | -56.78% | +25.78% |
Max Drawdown (1Y)Largest decline over 1 year | -4.43% | -9.10% | +4.67% |
Max Drawdown (3Y)Largest decline over 3 years | -8.69% | -18.90% | +10.21% |
Max Drawdown (5Y)Largest decline over 5 years | -18.94% | -25.43% | +6.49% |
Max Drawdown (10Y)Largest decline over 10 years | -18.94% | -33.92% | +14.98% |
Current DrawdownCurrent decline from peak | -0.08% | -1.80% | +1.72% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -10.71% | +6.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 2.03% | -0.96% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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