BlackRock Commodity Strategies Portfolio (BICSX)
The investment seeks total return. The adviser utilizes two strategies and under normal circumstances expects to invest approximately 50% of its total assets in each strategy. One strategy focuses on investments in commodity-linked derivatives. To meet coverage and collateral requirements associated with these derivative investments, and to invest excess cash, the fund holds a portion of its portfolio in investment-grade short-term fixed-income securities. The other strategy focuses on equity investments in commodity-related companies, including, but not limited to, companies operating in the mining, energy and agricultural sectors.
Fund Info
| ISIN | US0919366668 |
|---|---|
| CUSIP | 091936666 |
| Issuer | Blackrock |
| Inception Date | Oct 2, 2011 |
| Category | Commodities |
| Min. Investment | $2,000,000 |
| Asset Class | Commodity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
BICSX features an expense ratio of 0.72%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: BICSX vs. HARD, BICSX vs. VOO, BICSX vs. NVDA, BICSX vs. VWO
Performance
Performance Chart
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.
Returns By Period
BlackRock Commodity Strategies Portfolio had a return of 6.01% year-to-date (YTD) and 7.77% in the last 12 months. Over the past 10 years, BlackRock Commodity Strategies Portfolio had an annualized return of 2.74%, while the S&P 500 had an annualized return of 11.39%, indicating that BlackRock Commodity Strategies Portfolio did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.01% | 25.45% |
| 1 month | -3.80% | 2.91% |
| 6 months | -1.41% | 14.05% |
| 1 year | 7.77% | 35.64% |
| 5 years (annualized) | 9.19% | 14.13% |
| 10 years (annualized) | 2.74% | 11.39% |
Monthly Returns
The table below presents the monthly returns of BICSX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -2.91% | -1.37% | 7.22% | 2.01% | 2.67% | -2.37% | 0.52% | 0.82% | 2.43% | -0.90% | 6.01% | ||
| 2023 | 3.19% | -5.77% | 0.76% | 0.65% | -7.11% | 3.60% | 5.03% | -1.93% | -1.51% | -1.30% | 1.19% | -0.50% | -4.32% |
| 2022 | 5.86% | 5.33% | 7.59% | 0.09% | 2.35% | -11.83% | 2.54% | -0.95% | -7.55% | 6.44% | 6.26% | -2.77% | 11.90% |
| 2021 | 1.16% | 6.64% | 0.00% | 5.99% | 4.07% | -0.22% | -0.20% | -0.67% | 2.80% | 3.93% | -6.08% | 3.68% | 22.44% |
| 2020 | -6.02% | -7.13% | -12.23% | 8.21% | 4.46% | 3.00% | 6.08% | 4.21% | -4.04% | -1.31% | 7.21% | 6.68% | 6.80% |
| 2019 | 7.18% | 1.25% | 0.14% | -0.14% | -4.55% | 5.19% | -1.51% | -2.37% | 0.43% | 1.14% | -0.56% | 5.45% | 11.60% |
| 2018 | 2.25% | -4.78% | -0.77% | 3.11% | 1.64% | -2.23% | -1.01% | -2.81% | 2.10% | -5.03% | -1.90% | -5.57% | -14.44% |
| 2017 | 3.23% | -1.04% | -1.98% | -1.75% | -1.51% | -0.28% | 3.77% | 0.27% | 1.88% | 1.45% | 0.26% | 3.94% | 8.28% |
| 2016 | -2.30% | 3.70% | 5.84% | 9.82% | -3.21% | 6.21% | -0.00% | -2.72% | 2.93% | -1.36% | 1.24% | 1.76% | 23.18% |
| 2015 | -3.09% | 3.06% | -5.56% | 6.81% | -3.19% | -1.90% | -9.94% | -3.72% | -4.91% | 4.23% | -4.65% | -4.25% | -24.94% |
| 2014 | -2.55% | 6.42% | -0.20% | 2.97% | -1.59% | 3.13% | -3.04% | -0.20% | -7.70% | -3.62% | -3.76% | -4.12% | -14.08% |
| 2013 | 1.67% | -4.36% | -0.00% | -3.04% | -1.57% | -5.73% | 3.27% | 2.40% | -0.21% | 0.96% | -1.69% | 1.40% | -7.09% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BICSX is 4, indicating that it is in the bottom 4% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BlackRock Commodity Strategies Portfolio (BICSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BlackRock Commodity Strategies Portfolio provided a 3.70% dividend yield over the last twelve months, with an annual payout of $0.32 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.32 | $0.77 | $0.85 | $0.25 | $0.06 | $0.15 | $0.14 | $0.05 | $0.07 | $0.00 | $0.00 |
Dividend yield | 3.70% | 9.38% | 9.05% | 2.68% | 0.80% | 2.04% | 2.12% | 0.65% | 0.94% | 0.00% | 0.02% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.58 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.77 |
| 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 | $0.85 |
| 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 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.06 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.15 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2015 | $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 |
| 2014 | $0.00 | $0.00 |
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.
Worst Drawdowns
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 51.56%, occurring on Mar 18, 2020. Recovery took 488 trading sessions.
The current BlackRock Commodity Strategies Portfolio drawdown is 11.25%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -51.56% | Feb 27, 2012 | 2027 | Mar 18, 2020 | 488 | Feb 23, 2022 | 2515 |
| -22.35% | Apr 19, 2022 | 111 | Sep 26, 2022 | — | — | — |
| -10.7% | Oct 31, 2011 | 35 | Dec 19, 2011 | 43 | Feb 22, 2012 | 78 |
| -5.57% | Mar 9, 2022 | 5 | Mar 15, 2022 | 6 | Mar 23, 2022 | 11 |
| -3.03% | Oct 17, 2011 | 4 | Oct 20, 2011 | 2 | Oct 24, 2011 | 6 |
Volatility
Volatility Chart
The current BlackRock Commodity Strategies Portfolio volatility is 3.48%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.