- Issuer
- BlackRock
- Inception Date
- Jun 10, 2018
- Category
- Small Cap Blend Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
BSIVX Performance Chart
BlackRock Small Cap Index V.I. Fund (BSIVX) is up 18.6% since the beginning of the year. BSIVX is currently trading at $15 per share. Investors who bought $1,000 worth of BSIVX shares 5 years ago would now be looking at an investment worth $1,364.
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Returns By Period
BlackRock Small Cap Index V.I. Fund (BSIVX) has returned 18.59% so far this year and 41.04% over the past 12 months.
BlackRock Small Cap Index V.I. Fund
- 1D
- 0.87%
- 1M
- 4.93%
- YTD
- 18.59%
- 6M
- 17.36%
- 1Y
- 41.04%
- 3Y*
- 18.41%
- 5Y*
- 6.40%
- 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%
BSIVX Monthly Returns History
Based on dividend-adjusted daily data since Oct 29, 2018, BSIVX's average daily return is +0.05%, while the average monthly return is +1.01%. At this rate, an investment would double in approximately 5.7 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +18.5%, while the worst month was Mar 2020 at -21.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, BSIVX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +9.4%, while the worst single day was Dec 20, 2018 at -15.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.33% | 0.82% | -5.02% | 12.13% | 4.44% | 0.40% | 18.59% | ||||||
| 2025 | 2.55% | -5.30% | -6.82% | -2.35% | 5.38% | 5.38% | 1.71% | 7.16% | 3.10% | 1.77% | 0.99% | -0.59% | 12.68% |
| 2024 | -5.30% | 5.60% | 3.57% | -7.05% | 4.97% | -0.86% | 10.05% | -1.51% | 0.72% | -1.52% | 11.03% | -8.25% | 9.71% |
| 2023 | 9.72% | -1.72% | -4.78% | -1.74% | -0.98% | 8.14% | 6.03% | -5.03% | -5.94% | -6.80% | 9.07% | 13.86% | 18.42% |
| 2022 | -9.62% | 1.01% | 1.25% | -9.91% | 0.18% | -8.33% | 10.49% | -2.01% | -9.60% | 10.93% | 2.32% | -6.42% | -20.48% |
| 2021 | 4.99% | 6.22% | 0.96% | 2.11% | 0.20% | 1.87% | -3.60% | 2.19% | -2.95% | 4.22% | -4.18% | 1.99% | 14.28% |
Benchmark Metrics
BlackRock Small Cap Index V.I. Fund has an annualized alpha of -4.86%, beta of 1.09, and R2 of 0.68 versus S&P 500 Index. Calculated based on daily prices since October 30, 2018.
- This fund participated in 126.79% of S&P 500 Index downside but only 105.94% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -4.86% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.09 and R2 of 0.68, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -4.86%
- Beta
- 1.09
- R²
- 0.68
- Upside Capture
- 105.94%
- Downside Capture
- 126.79%
Expense Ratio
BSIVX has an expense ratio of 0.21%, which is considered low.
Return for Risk
Risk / Return Rank
BSIVX ranks 63 for risk / return — better than 63% 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 Small Cap Index V.I. Fund (BSIVX) and compare them to S&P 500 Index.
| BSIVX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.27 | 2.24 | +0.03 |
Sortino ratioReturn per unit of downside risk | 3.13 | 3.07 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.41 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 3.94 | 2.93 | +1.01 |
Martin ratioReturn relative to average drawdown | 13.99 | 13.52 | +0.47 |
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 Small Cap Index V.I. Fund provided a 3.45% dividend yield over the last twelve months, with an annual payout of $0.52 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.52 | $0.52 | $0.88 | $0.42 | $0.34 | $1.74 | $0.55 | $0.69 | $3.18 |
Dividend yield | 3.45% | 4.09% | 7.44% | 3.69% | 3.33% | 13.30% | 4.19% | 6.04% | 33.10% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Small Cap Index V.I. 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 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.49 | $0.52 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.82 | $0.88 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.42 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.34 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.00 | $0.00 | $1.60 | $1.74 |
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 Small Cap Index V.I. 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 Small Cap Index V.I. Fund was 41.76%, occurring on Mar 18, 2020. Recovery took 163 trading sessions.
The current BlackRock Small Cap Index V.I. Fund drawdown is 0.13%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -41.76%Mar 2020 | 2mo 1d | 7mo 26d | 9mo 27dJan 2020 - Nov 2020 |
Bear market2022 | -32.10%Jun 2022 | 7mo 9d | 2y 4mo | 2y 12moNov 2021 - Nov 2024 |
2025 selloff2025 | -27.49%Apr 2025 | 4mo 13d | 5mo 6d | 9mo 19dNov 2024 - Sep 2025 |
Rate-hike selloffLate 2018 | -19.35%Dec 2018 | 4d | 1mo 23d | 1mo 27dDec 2018 - Feb 2019 |
2026 correction2026 | -11.02%Mar 2026 | 2mo 6d | 16d | 2mo 22dJan 2026 - Apr 2026 |
Drawdown Indicators
| BSIVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.76% | -56.78% | +15.02% |
Max Drawdown (1Y)Largest decline over 1 year | -11.02% | -9.10% | -1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -27.49% | -18.90% | -8.59% |
Max Drawdown (5Y)Largest decline over 5 years | -32.10% | -25.43% | -6.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.13% | -0.74% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -11.48% | -10.72% | -0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 1.97% | +1.13% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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