- CUSIP
- 19452P859
- Issuer
- BlackRock
- Inception Date
- Sep 29, 2009
- Category
- Inflation-Protected Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg U.S. Treasury Inflation Protected Securities (TIPS) Index (Series L)
- Distribution Policy
- Accumulating
- Asset Class
- Bond
- 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
BORAX Performance Chart
CollegeAdvantage 529 Savings Plan - BlackRock Inflation Protected Bond Option (BORAX) is up 1.0% since the beginning of the year. BORAX is currently trading at $15 per share. Investors who bought $1,000 worth of BORAX shares 5 years ago would now be looking at an investment worth $1,035.
Loading charts...
Returns By Period
CollegeAdvantage 529 Savings Plan - BlackRock Inflation Protected Bond Option (BORAX) has returned 1.00% so far this year and 3.56% over the past 12 months.
CollegeAdvantage 529 Savings Plan - BlackRock Inflation Protected Bond Option
- 1D
- 0.20%
- 1M
- 0.27%
- YTD
- 1.00%
- 6M
- 1.07%
- 1Y
- 3.56%
- 3Y*
- 3.22%
- 5Y*
- 0.70%
- 10Y*
- —
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%
BORAX Monthly Returns History
Based on dividend-adjusted daily data since May 25, 2021, BORAX's average daily return is 0.00%, while the average monthly return is +0.07%. At this rate, an investment would double in approximately 82.5 years.
Historically, 53% of months were positive and 47% were negative. The best month was Jul 2022 with a return of +3.8%, while the worst month was Sep 2022 at -6.2%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.
On a daily basis, BORAX closed higher 43% of trading days. The best single day was Sep 28, 2022 with a return of +1.8%, while the worst single day was Jun 14, 2022 at -3.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.60% | 1.20% | -1.51% | 1.20% | 0.20% | -0.66% | 1.00% | ||||||
| 2025 | 1.28% | 2.11% | 0.55% | -0.14% | -0.27% | 0.96% | -0.00% | 1.77% | 0.33% | 0.27% | 0.00% | -0.60% | 6.40% |
| 2024 | 0.29% | -1.08% | 0.73% | -1.59% | 1.68% | 0.65% | 1.79% | 0.77% | 1.32% | -1.79% | 0.14% | -1.54% | 1.30% |
| 2023 | 2.24% | -1.17% | 2.36% | 0.36% | -1.22% | -0.36% | 0.00% | -1.02% | -1.99% | -0.90% | 2.81% | 2.58% | 3.58% |
| 2022 | -2.17% | 0.87% | -1.47% | -2.23% | -0.76% | -3.48% | 3.83% | -1.95% | -6.24% | 0.45% | 2.18% | -1.18% | -11.83% |
| 2021 | -0.07% | 0.55% | 2.38% | -0.07% | -0.80% | 0.94% | 0.73% | 0.26% | 3.96% |
Benchmark Metrics
CollegeAdvantage 529 Savings Plan - BlackRock Inflation Protected Bond Option has an annualized alpha of -0.01%, beta of 0.07, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since May 25, 2021.
- This fund participated in 34.65% of S&P 500 Index downside but only 16.71% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.07 may look defensive, but with R2 of 0.03 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 0.03 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
- -0.01%
- Beta
- 0.07
- R²
- 0.03
- Upside Capture
- 16.71%
- Downside Capture
- 34.65%
Expense Ratio
BORAX has a high expense ratio of 1.48%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BORAX ranks 20 for risk / return — below 20% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for CollegeAdvantage 529 Savings Plan - BlackRock Inflation Protected Bond Option (BORAX) 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.
| BORAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 2.78 | -1.09 |
| Martin ratioReturn relative to average drawdown | 5.32 | 12.44 | -7.12 |
Dividends
Dividend History
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 CollegeAdvantage 529 Savings Plan - BlackRock Inflation Protected Bond Option. 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 CollegeAdvantage 529 Savings Plan - BlackRock Inflation Protected Bond Option was 14.39%, occurring on Oct 6, 2023. The portfolio has not yet recovered.
The current CollegeAdvantage 529 Savings Plan - BlackRock Inflation Protected Bond Option drawdown is 1.11%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 correction2023 | -14.39%Oct 2023 | 1y 11mo | — | 4y 7moNov 2021 - now |
2021 pullback2021 | -1.32%Sep 2021 | 18d | 28d | 1mo 16dSep 2021 - Oct 2021 |
2021 pullback2021 | -1.18%Nov 2021 | 4d | 7d | 11dOct 2021 - Nov 2021 |
2021 pullback2021 | -0.88%Jun 2021 | 10d | 9d | 19dJun 2021 - Jun 2021 |
2021 pullback2021 | -0.80%Aug 2021 | 2d | 21d | 23dAug 2021 - Aug 2021 |
Drawdown Indicators
| BORAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.39% | -56.78% | +42.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.23% | -9.10% | +6.87% |
Max Drawdown (3Y)Largest decline over 3 years | -5.01% | -18.90% | +13.89% |
Max Drawdown (5Y)Largest decline over 5 years | -14.39% | -25.43% | +11.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.11% | -1.80% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -10.71% | +4.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 2.03% | -1.32% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with BORAX
Add CollegeAdvantage 529 Savings Plan - BlackRock Inflation Protected Bond Option 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 BORAX