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BlackRock U.S. Government Bond Portfolio (PNIGX)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Fund Info

ISIN
US09260B3252
CUSIP
09260B325
Issuer
BlackRock
Inception Date
Apr 19, 1992
Min. Investment
$2,000,000
Distribution Policy
Distributing
Asset Class
Bond

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in BlackRock U.S. Government Bond Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period


BlackRock U.S. Government Bond Portfolio

1D
1M
YTD
6M
1Y
3Y*
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.46%2.57%-0.03%0.32%-1.09%1.89%-0.44%1.44%1.41%6.68%
2024-0.49%-1.58%0.67%-3.09%2.09%1.22%2.66%1.64%1.19%-2.99%1.34%-1.64%0.79%
20233.35%-2.36%1.94%0.51%-0.80%-0.85%-0.24%-0.80%-3.25%-2.65%5.28%4.33%4.11%
2022-1.64%-1.00%-2.92%-3.29%0.56%-1.42%1.96%-3.00%-5.15%-1.60%4.24%-1.06%-13.73%
2021-0.31%-1.07%-0.96%0.61%0.03%0.33%0.78%-0.08%-0.52%-0.28%0.37%-0.25%-1.36%
20201.50%1.76%1.47%1.00%0.05%0.23%0.77%-0.49%0.17%-0.23%0.22%0.08%6.69%

Benchmark Metrics

BlackRock U.S. Government Bond Portfolio has an annualized alpha of 3.95%, beta of -0.02, and R² of 0.01 versus S&P 500 Index. Calculated based on daily prices since April 21, 1992.

  • This fund captured 9.79% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -6.06%) — a profile typical of hedging or uncorrelated assets.
  • Beta of -0.02 may look defensive, but with R² of 0.01 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 0.01 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
3.95%
Beta
-0.02
0.01
Upside Capture
9.79%
Downside Capture
-6.06%

Expense Ratio

PNIGX has an expense ratio of 0.45%, placing it in the medium range.


Return for Risk

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for BlackRock U.S. Government Bond Portfolio (PNIGX) and compare them to a chosen benchmark (S&P 500 Index).


Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Dividends

Dividend History

BlackRock U.S. Government Bond Portfolio provided a 1.61% dividend yield over the last twelve months, with an annual payout of $0.15 per share. The fund has been increasing its distributions for 3 consecutive years.


1.50%2.00%2.50%3.00%3.50%$0.00$0.05$0.10$0.15$0.20$0.25$0.30$0.352015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM2024202320222021202020192018201720162015
Dividend$0.15$0.32$0.27$0.18$0.15$0.20$0.27$0.26$0.24$0.23$0.27

Dividend yield

1.61%3.57%2.90%1.95%1.39%1.84%2.56%2.59%2.32%2.24%2.57%

Monthly Dividends

The table displays the monthly dividend distributions for BlackRock U.S. Government Bond Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.00$0.24
2024$0.03$0.03$0.00$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.32
2023$0.03$0.03$0.03$0.03$0.03$0.00$0.03$0.03$0.03$0.00$0.03$0.02$0.27
2022$0.01$0.01$0.02$0.02$0.02$0.00$0.00$0.02$0.03$0.03$0.03$0.00$0.18
2021$0.02$0.01$0.02$0.02$0.01$0.02$0.01$0.01$0.01$0.00$0.01$0.01$0.15
2020$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.01$0.01$0.02$0.20

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 U.S. Government Bond 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 U.S. Government Bond Portfolio was 20.29%, occurring on Oct 19, 2023. The portfolio has not yet recovered.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-20.29%Aug 7, 2020807Oct 19, 2023
-5.84%Feb 1, 199467May 9, 1994216Mar 16, 1995283
-5.07%May 2, 201388Sep 5, 2013182May 28, 2014270
-4.11%Jun 16, 200350Aug 25, 2003133Mar 5, 2004183
-4.09%Nov 5, 201067Feb 10, 201176Jun 1, 2011143

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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