ADVNX vs. BSIIX
ADVNX (North Square Strategic Income Fund) and BSIIX (BlackRock Strategic Income Opportunities Fund Class I) are both mutual funds - ADVNX is a Multisector Bonds fund managed by North Square, while BSIIX is a Total Bond Market fund managed by BlackRock. Over the past 10 years, ADVNX returned 4.58%/yr vs 3.60%/yr for BSIIX. Their 0.53 correlation means they have sometimes moved together and sometimes differently. ADVNX charges 0.90%/yr vs 0.69%/yr for BSIIX.
Performance
ADVNX vs. BSIIX - Performance Comparison
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Returns By Period
In the year-to-date period, ADVNX achieves a 0.57% return, which is significantly lower than BSIIX's 1.03% return. Over the past 10 years, ADVNX has outperformed BSIIX with an annualized return of 4.58%, while BSIIX has yielded a comparatively lower 3.60% annualized return.
ADVNX
- 1D
- -0.04%
- 1M
- -0.95%
- 6M
- -0.90%
- YTD
- 0.57%
- 1Y
- 4.91%
- 3Y*
- 8.14%
- 5Y*
- 3.66%
- 10Y*
- 4.58%
- ALL TIME*
- 4.51%
BSIIX
- 1D
- 0.10%
- 1M
- -1.13%
- 6M
- 0.11%
- YTD
- 1.03%
- 1Y
- 4.24%
- 3Y*
- 6.24%
- 5Y*
- 2.75%
- 10Y*
- 3.60%
- ALL TIME*
- 3.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ADVNX vs. BSIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADVNX North Square Strategic Income Fund | 0.57% | 11.20% | 9.71% | 5.07% | -8.43% | 5.32% | 11.67% | 11.04% | -1.98% | 6.07% |
BSIIX BlackRock Strategic Income Opportunities Fund Class I | 1.03% | 8.59% | 5.22% | 6.18% | -6.14% | 0.80% | 7.22% | 7.65% | -0.42% | 4.89% |
Correlation
The correlation between ADVNX and BSIIX is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.53 |
The correlation between ADVNX and BSIIX shifts across timeframes, from 0.53 (all time) to 0.68 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ADVNX vs. BSIIX — Risk / Return Rank
ADVNX
BSIIX
ADVNX vs. BSIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for North Square Strategic Income Fund (ADVNX) and BlackRock Strategic Income Opportunities Fund Class I (BSIIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| ADVNX | BSIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.33 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 1.76 | +0.63 |
| Martin ratioReturn relative to average drawdown | 5.79 | 6.43 | -0.64 |
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Drawdowns
ADVNX vs. BSIIX - Drawdown Comparison
The maximum ADVNX drawdown since its inception was -11.86%, smaller than the maximum BSIIX drawdown of -18.76%. Use the drawdown chart below to compare losses from any high point for ADVNX and BSIIX.
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Drawdown Indicators
| ADVNX | BSIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.86% | -18.76% | +6.90% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -2.84% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -5.12% | -2.84% | -2.28% |
Max Drawdown (5Y)Largest decline over 5 years | -11.86% | -9.13% | -2.73% |
Max Drawdown (10Y)Largest decline over 10 years | -11.86% | -9.91% | -1.95% |
Current DrawdownCurrent decline from peak | -2.16% | -1.25% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -1.91% | -1.80% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 0.78% | +0.28% |
Volatility
ADVNX vs. BSIIX - Volatility Comparison
North Square Strategic Income Fund (ADVNX) and BlackRock Strategic Income Opportunities Fund Class I (BSIIX) have volatilities of 0.67% and 0.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ADVNX | BSIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 0.69% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.50% | 2.44% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.57% | 2.99% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.25% | 3.04% | +1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.77% | 3.15% | +0.62% |
ADVNX vs. BSIIX - Expense Ratio Comparison
ADVNX has a 0.90% expense ratio, which is higher than BSIIX's 0.69% expense ratio.
Dividends
ADVNX vs. BSIIX - Dividend Comparison
ADVNX's dividend yield for the trailing twelve months is around 4.90%, more than BSIIX's 4.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADVNX North Square Strategic Income Fund | 4.90% | 4.73% | 4.02% | 4.38% | 2.80% | 5.23% | 6.80% | 3.33% | 3.92% | 4.09% | 4.19% | 6.30% |
BSIIX BlackRock Strategic Income Opportunities Fund Class I | 4.83% | 5.07% | 4.75% | 3.33% | 3.58% | 2.98% | 2.92% | 3.54% | 3.32% | 3.45% | 2.91% | 3.19% |
Frequently Asked Questions
ADVNX and BSIIX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSIIX has higher volatility (0.69%) compared to ADVNX (0.67%). In terms of maximum drawdown, ADVNX dropped -11.86% vs BSIIX's -18.76%.
ADVNX currently has the higher Sharpe Ratio (1.73 vs 1.67), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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