- ISIN
- US09256H2866
- CUSIP
- 09256H286
- Issuer
- BlackRock
- Inception Date
- Feb 5, 2008
- Category
- Total Bond Market
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
BSIIX Performance Chart
BlackRock Strategic Income Opportunities Fund Class I (BSIIX) is up 2.0% since the beginning of the year. BSIIX is currently trading at $10 per share. Investors who bought $1,000 worth of BSIIX shares 5 years ago would now be looking at an investment worth $1,160.
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Returns By Period
BlackRock Strategic Income Opportunities Fund Class I (BSIIX) has returned 2.00% so far this year and 6.95% over the past 12 months. Over the last ten years, BSIIX has returned 3.85% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
BlackRock Strategic Income Opportunities Fund Class I
- 1D
- -0.10%
- 1M
- 1.02%
- YTD
- 2.00%
- 6M
- 2.57%
- 1Y
- 6.95%
- 3Y*
- 6.84%
- 5Y*
- 3.01%
- 10Y*
- 3.85%
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%
BSIIX Monthly Returns History
Based on dividend-adjusted daily data since Feb 7, 2008, BSIIX's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.
Historically, 70% of months were positive and 30% were negative. The best month was May 2009 with a return of +3.6%, while the worst month was Oct 2008 at -7.9%. The longest winning streak lasted 17 consecutive months, and the longest losing streak was 6 months.
On a daily basis, BSIIX closed higher 36% of trading days. The best single day was Jul 6, 2021 with a return of +3.2%, while the worst single day was Jul 2, 2021 at -3.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.93% | 0.79% | -2.05% | 1.11% | 1.03% | 0.21% | 2.00% | ||||||
| 2025 | 0.95% | 1.22% | -0.45% | 0.57% | 0.92% | 1.34% | 0.19% | 1.21% | 0.87% | 0.70% | 0.30% | 0.46% | 8.59% |
| 2024 | 0.16% | -0.39% | 1.03% | -1.41% | 1.33% | 0.84% | 1.89% | 1.06% | 1.31% | -1.47% | 1.25% | -0.43% | 5.22% |
| 2023 | 2.21% | -1.18% | 0.62% | -0.00% | -0.26% | -0.09% | 0.94% | -0.36% | -0.92% | -0.66% | 2.73% | 3.09% | 6.18% |
| 2022 | -1.02% | -1.06% | -0.81% | -0.50% | -0.26% | -2.17% | 1.27% | -0.82% | -2.49% | -0.17% | 1.67% | 0.12% | -6.14% |
| 2021 | 0.01% | 0.48% | -0.19% | 0.46% | 0.29% | 0.20% | 0.02% | 0.31% | -0.40% | -0.29% | -0.44% | 0.35% | 0.80% |
Benchmark Metrics
BlackRock Strategic Income Opportunities Fund Class I has an annualized alpha of 3.67%, beta of 0.03, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since February 07, 2008.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (19.88%) than losses (16.00%) - typical of diversified or defensive assets.
- Beta of 0.03 may look defensive, but with R2 of 0.04 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 0.04 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
- 3.67%
- Beta
- 0.03
- R²
- 0.04
- Upside Capture
- 19.88%
- Downside Capture
- 16.00%
Expense Ratio
BSIIX has an expense ratio of 0.69%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BSIIX ranks 68 for risk / return — better than 68% 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 Strategic Income Opportunities Fund Class I (BSIIX) 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.
| BSIIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.37 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 2.78 | -0.33 |
| Martin ratioReturn relative to average drawdown | 9.49 | 12.44 | -2.95 |
Dividends
Dividend History
BlackRock Strategic Income Opportunities Fund Class I provided a 5.15% dividend yield over the last twelve months, with an annual payout of $0.50 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.50 | $0.50 | $0.45 | $0.31 | $0.33 | $0.30 | $0.30 | $0.35 | $0.32 | $0.34 | $0.29 | $0.31 |
Dividend yield | 5.15% | 5.07% | 4.75% | 3.33% | 3.58% | 2.98% | 2.92% | 3.54% | 3.32% | 3.45% | 2.91% | 3.19% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Strategic Income Opportunities Fund Class I. 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 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.19 | ||||||
| 2025 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.09 | $0.50 |
| 2024 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2023 | $0.03 | $0.03 | $0.04 | $0.00 | $0.04 | $0.00 | $0.04 | $0.04 | $0.04 | $0.00 | $0.04 | $0.03 | $0.31 |
| 2022 | $0.02 | $0.01 | $0.02 | $0.02 | $0.03 | $0.00 | $0.00 | $0.03 | $0.02 | $0.02 | $0.03 | $0.12 | $0.33 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.02 | $0.11 | $0.30 |
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 Strategic Income Opportunities Fund Class I. 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 Strategic Income Opportunities Fund Class I was 18.76%, occurring on Dec 12, 2008. Recovery took 191 trading sessions.
The current BlackRock Strategic Income Opportunities Fund Class I drawdown is 0.31%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -18.76%Dec 2008 | 6mo 25d | 9mo 9d | 1y 3moMay 2008 - Sep 2009 |
COVID crash2020 | -9.91%Mar 2020 | 1mo | 3mo 28d | 4mo 28dFeb 2020 - Jul 2020 |
Bear market2022 | -9.13%Oct 2022 | 1y 1mo | 1y 7mo | 2y 8moSep 2021 - Jun 2024 |
2011 pullback2011 | -3.82%Oct 2011 | 4mo 5d | 4mo 26d | 9mo 1dJun 2011 - Feb 2012 |
2016 pullback2016 | -3.42%Feb 2016 | 10mo 4d | 6mo 5d | 1y 4moApr 2015 - Aug 2016 |
Drawdown Indicators
| BSIIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.76% | -56.78% | +38.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -9.10% | +6.26% |
Max Drawdown (3Y)Largest decline over 3 years | -2.84% | -18.90% | +16.06% |
Max Drawdown (5Y)Largest decline over 5 years | -9.13% | -25.43% | +16.30% |
Max Drawdown (10Y)Largest decline over 10 years | -9.91% | -33.92% | +24.01% |
Current DrawdownCurrent decline from peak | -0.31% | -1.80% | +1.49% |
Average DrawdownAverage peak-to-trough decline | -1.80% | -10.71% | +8.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 2.03% | -1.30% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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