BlackRock Commodity Strategies Portfolio (BICSX)

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The chart shows the growth of an initial investment of $10,000 in BlackRock Commodity Strategies Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

BlackRock Commodity Strategies Portfolio (BICSX) has returned 19.23% so far this year and 40.74% over the past 12 months. Over the last ten years, BICSX has returned 10.38% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Oct 4, 2011, BICSX's average daily return is +0.02%, while the average monthly return is +0.43%. At this rate, your investment would double in approximately 13.5 years.

Historically, 52% of months were positive and 48% were negative. The best month was Oct 2011 with a return of +12.3%, while the worst month was Mar 2020 at -12.2%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 7 months.

On a daily basis, BICSX closed higher 49% of trading days. The best single day was Mar 24, 2020 with a return of +6.5%, while the worst single day was Mar 9, 2020 at -7.3%.

BlackRock Commodity Strategies Portfolio has an annualized alpha of -1.74%, beta of 0.52, and R² of 0.34 versus S&P 500 Index. Calculated based on daily prices since October 05, 2011.

• This fund participated in 72.95% of S&P 500 Index downside but only 47.67% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.52 may look defensive, but with R² of 0.34 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 0.34 means the benchmark explains less than half of this fund's behavior — treat beta with caution or consider switching to a more representative benchmark.

BICSX has an expense ratio of 0.72%, placing it in the medium range.

BICSX ranks 96 for risk / return — in the top 96% 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.

The table below present risk-adjusted performance metrics for BlackRock Commodity Strategies Portfolio (BICSX) and compare them to a chosen benchmark (S&P 500 Index).

BlackRock Commodity Strategies Portfolio provided a 2.59% dividend yield over the last twelve months, with an annual payout of $0.32 per share.

The table displays the monthly dividend distributions for BlackRock Commodity Strategies Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the BlackRock Commodity Strategies Portfolio. 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 Portfolio was 51.59%, occurring on Mar 18, 2020. Recovery took 491 trading sessions.

The current BlackRock Commodity Strategies Portfolio drawdown is 1.36%.

The chart below shows the rolling one-month volatility.