- Issuer
- BlackRock
- Inception Date
- Aug 17, 2020
- Category
- Emerging Markets Diversified
- 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
BLZIX Performance Chart
BlackRock Sustainable Advantage Emerging Markets Equity Fund (BLZIX) is up 31.7% since the beginning of the year. BLZIX is currently trading at $15 per share. Investors who bought $1,000 worth of BLZIX shares 5 years ago would now be looking at an investment worth $1,420.
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Returns By Period
BlackRock Sustainable Advantage Emerging Markets Equity Fund (BLZIX) has returned 31.66% so far this year and 60.30% over the past 12 months.
BlackRock Sustainable Advantage Emerging Markets Equity Fund
- 1D
- 2.75%
- 1M
- 10.84%
- YTD
- 31.66%
- 6M
- 34.64%
- 1Y
- 60.30%
- 3Y*
- 24.86%
- 5Y*
- 7.27%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
BLZIX Monthly Returns History
Based on dividend-adjusted daily data since Aug 18, 2020, BLZIX's average daily return is +0.05%, while the average monthly return is +0.97%. At this rate, an investment would double in approximately 6.0 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2022 with a return of +16.6%, while the worst month was Sep 2022 at -11.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, BLZIX closed higher 51% of trading days. The best single day was Jul 15, 2021 with a return of +9.4%, while the worst single day was Jul 16, 2021 at -9.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.20% | 6.28% | -9.36% | 12.35% | 9.41% | 2.75% | 31.66% | ||||||
| 2025 | 1.49% | 0.90% | 1.01% | 0.11% | 4.98% | 7.07% | 1.45% | 2.06% | 6.35% | 3.44% | -1.75% | 2.90% | 34.04% |
| 2024 | -4.11% | 5.16% | 2.04% | -0.47% | 1.77% | 2.67% | -0.06% | 1.93% | 6.02% | -3.89% | -2.41% | -0.96% | 7.36% |
| 2023 | 9.32% | -7.01% | 3.77% | -1.82% | -1.60% | 4.51% | 5.72% | -6.97% | -3.32% | -3.05% | 6.68% | 3.35% | 8.27% |
| 2022 | -0.19% | -5.16% | -2.67% | -6.12% | 0.45% | -6.15% | -0.72% | -1.21% | -11.84% | -2.08% | 16.55% | -2.91% | -21.88% |
| 2021 | 3.75% | 0.00% | -0.41% | 1.49% | 1.87% | 0.64% | -7.46% | 2.06% | -3.76% | 0.29% | -3.24% | 1.95% | -3.34% |
Benchmark Metrics
BlackRock Sustainable Advantage Emerging Markets Equity Fund has an annualized alpha of 1.61%, beta of 0.68, and R2 of 0.39 versus S&P 500 Index. Calculated based on daily prices since August 19, 2020.
- This fund participated in 73.14% of S&P 500 Index downside but only 66.41% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.68 may look defensive, but with R2 of 0.39 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 0.39 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.61%
- Beta
- 0.68
- R²
- 0.39
- Upside Capture
- 66.41%
- Downside Capture
- 73.14%
Expense Ratio
BLZIX has an expense ratio of 0.86%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BLZIX ranks 91 for risk / return — in the top 91% 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 Sustainable Advantage Emerging Markets Equity Fund (BLZIX) and compare them to S&P 500 Index.
| BLZIX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.40 | 2.24 | +1.16 |
Sortino ratioReturn per unit of downside risk | 4.26 | 3.07 | +1.18 |
Omega ratioGain probability vs. loss probability | 1.63 | 1.41 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 4.86 | 2.93 | +1.94 |
Martin ratioReturn relative to average drawdown | 19.14 | 13.52 | +5.62 |
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 Sustainable Advantage Emerging Markets Equity Fund provided a 2.19% dividend yield over the last twelve months, with an annual payout of $0.33 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.33 | $0.17 | $0.19 | $0.21 | $1.13 | $0.05 |
Dividend yield | 2.19% | 2.89% | 2.00% | 2.32% | 2.70% | 11.00% | 0.42% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Sustainable Advantage Emerging Markets Equity 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 | $0.12 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.33 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.17 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.19 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.21 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $1.13 |
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 Sustainable Advantage Emerging Markets Equity 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 Sustainable Advantage Emerging Markets Equity Fund was 42.19%, occurring on Oct 24, 2022. Recovery took 739 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -42.19%Oct 2022 | 1y 3mo | 2y 11mo | 4y 2moJul 2021 - Oct 2025 |
2026 correction2026 | -12.88%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 |
2021 correction2021 | -11.20%Mar 2021 | 1mo 4d | 3mo 23d | 4mo 27dFeb 2021 - Jul 2021 |
2020 pullback2020 | -5.50%Sep 2020 | 21d | 14d | 1mo 5dSep 2020 - Oct 2020 |
2026 pullback2026 | -5.32%May 2026 | 4d | 7d | 11dMay 2026 - May 2026 |
Drawdown Indicators
| BLZIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.19% | -56.78% | +14.59% |
Max Drawdown (1Y)Largest decline over 1 year | -12.88% | -9.10% | -3.78% |
Max Drawdown (3Y)Largest decline over 3 years | -17.44% | -18.90% | +1.46% |
Max Drawdown (5Y)Largest decline over 5 years | -42.19% | -25.43% | -16.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -18.61% | -10.72% | -7.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 1.97% | +1.30% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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