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AXSIX vs. BINC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AXSIX vs. BINC

Last updated Jun 4, 2026

AXSIX (Axonic Strategic Income Fund) and BINC (iShares Flexible Income Active ETF) are both Multisector Bonds funds. Over the past 3 years, AXSIX returned 7.33%/yr vs 7.02%/yr for BINC. A 0.54 correlation means they provide meaningful diversification when combined. AXSIX charges 1.00%/yr vs 0.40%/yr for BINC.

Performance

AXSIX vs. BINC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Axonic Strategic Income Fund (AXSIX) and iShares Flexible Income Active ETF (BINC). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, AXSIX achieves a 1.94% return, which is significantly higher than BINC's 0.90% return.

AXSIX

1D
0.00%
1M
0.41%
YTD
1.94%
6M
1.67%
1Y
5.89%
3Y*
7.33%
5Y*
3.79%
10Y*
—

BINC

1D
-0.12%
1M
0.54%
YTD
0.90%
6M
1.22%
1Y
5.80%
3Y*
7.02%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

AXSIX vs. BINC - Yearly Performance Comparison

2026 (YTD)202520242023
AXSIX
Axonic Strategic Income Fund		1.94%6.71%8.30%5.59%
BINC
iShares Flexible Income Active ETF		0.90%7.57%5.76%7.08%

Correlation

The correlation between AXSIX and BINC is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.61

Correlation (3Y)
Calculated over the trailing 3-year period

0.54

Correlation (All Time)
Calculated using the full available price history since May 24, 2023

0.54

The correlation between AXSIX and BINC has been stable across timeframes, ranging from 0.54 to 0.61 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Axonic Strategic Income Fund

iShares Flexible Income Active ETF

Often compared with AXSIX:
AXSIX vs. MFHVXAXSIX vs. RCTIXAXSIX vs. HSNIXAXSIX vs. RCTRXAXSIX vs. FADMXAXSIX vs. VOOAXSIX vs. JMSIX
Often compared with BINC:
BINC vs. JPIEBINC vs. PYLDBINC vs. BNDBINC vs. JAAABINC vs. JEPIBINC vs. PONAXBINC vs. AGG

Return for Risk

AXSIX vs. BINC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AXSIX
AXSIX Risk / Return Rank: 8787
Overall Rank
AXSIX Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
AXSIX Sortino Ratio Rank: 9696
Sortino Ratio Rank
AXSIX Omega Ratio Rank: 9191
Omega Ratio Rank
AXSIX Calmar Ratio Rank: 9191
Calmar Ratio Rank
AXSIX Martin Ratio Rank: 8888
Martin Ratio Rank
BINC
BINC Risk / Return Rank: 6767
Overall Rank
BINC Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
BINC Sortino Ratio Rank: 8282
Sortino Ratio Rank
BINC Omega Ratio Rank: 8383
Omega Ratio Rank
BINC Calmar Ratio Rank: 4343
Calmar Ratio Rank
BINC Martin Ratio Rank: 5050
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AXSIX vs. BINC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axonic Strategic Income Fund (AXSIX) and iShares Flexible Income Active ETF (BINC). 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.

AXSIXBINCDifference
Sharpe ratioReturn per unit of total volatility
2.42
2.56

-0.14

Sortino ratioReturn per unit of downside risk
5.20
3.71

+1.48

Omega ratioGain probability vs. loss probability

1.67

1.51

+0.16

Calmar ratioReturn relative to maximum drawdown

4.76

2.17

+2.59

Martin ratioReturn relative to average drawdown

17.44

8.53

+8.91

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AXSIX vs. BINC - Sharpe Ratio Comparison

The current AXSIX Sharpe Ratio is 2.42, which is comparable to the BINC Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of AXSIX and BINC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

AXSIXBINCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.42

2.56

-0.14

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.75

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.96

2.36

-1.41

Drawdowns

AXSIX vs. BINC - Drawdown Comparison

The maximum AXSIX drawdown since its inception was -12.55%, which is greater than BINC's maximum drawdown of -2.69%. Use the drawdown chart below to compare losses from any high point for AXSIX and BINC.

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Drawdown Indicators

AXSIXBINCDifference

Max Drawdown

Largest peak-to-trough decline

-12.55%

-2.69%

-9.86%

Max Drawdown (1Y)

Largest decline over 1 year

-1.22%

-2.69%

+1.47%

Max Drawdown (3Y)

Largest decline over 3 years

-1.22%

-2.69%

+1.47%

Max Drawdown (5Y)

Largest decline over 5 years

-6.87%

—

—

Current Drawdown

Current decline from peak

0.00%

-0.49%

+0.49%

Average Drawdown

Average peak-to-trough decline

-1.96%

-0.36%

-1.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.33%

0.68%

-0.35%

Volatility

AXSIX vs. BINC - Volatility Comparison

Axonic Strategic Income Fund (AXSIX) and iShares Flexible Income Active ETF (BINC) have volatilities of 0.78% and 0.75%, 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

AXSIXBINCDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.78%

0.75%

+0.03%

Volatility (6M)

Calculated over the trailing 6-month period

1.64%

1.84%

-0.20%

Volatility (1Y)

Calculated over the trailing 1-year period

2.41%

2.28%

+0.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.18%

3.00%

-0.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.70%

3.00%

+0.70%

AXSIX vs. BINC - Expense Ratio Comparison

AXSIX has a 1.00% expense ratio, which is higher than BINC's 0.40% expense ratio.

Dividends

AXSIX vs. BINC - Dividend Comparison

AXSIX's dividend yield for the trailing twelve months is around 6.21%, more than BINC's 5.86% yield.

PositionTTM202520242023202220212020
AXSIX
Axonic Strategic Income Fund		6.21%6.39%6.52%6.24%3.89%6.70%2.04%
BINC
iShares Flexible Income Active ETF		5.86%5.86%6.14%3.13%0.00%0.00%0.00%

Frequently Asked Questions

AXSIX and BINC have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

AXSIX has higher volatility (0.78%) compared to BINC (0.75%). In terms of maximum drawdown, AXSIX dropped -12.55% vs BINC's -2.69%.

BINC currently has the higher Sharpe Ratio (2.56 vs 2.42), 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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