BACIX vs. RSNRX
BACIX (BlackRock Energy Opportunities Fund) and RSNRX (Victory Global Energy Transition Fund) are both Energy Equities funds. Over the past 10 years, BACIX returned 8.39%/yr vs 13.25%/yr for RSNRX. Their correlation of 0.82 suggests significant overlap in exposure. BACIX charges 0.91%/yr vs 1.48%/yr for RSNRX.
Performance
BACIX vs. RSNRX - Performance Comparison
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Returns By Period
In the year-to-date period, BACIX achieves a 21.82% return, which is significantly lower than RSNRX's 34.09% return. Over the past 10 years, BACIX has underperformed RSNRX with an annualized return of 8.39%, while RSNRX has yielded a comparatively higher 13.25% annualized return.
BACIX
- 1D
- 1.33%
- 1M
- -7.64%
- YTD
- 21.82%
- 6M
- 22.50%
- 1Y
- 28.88%
- 3Y*
- 15.90%
- 5Y*
- 17.68%
- 10Y*
- 8.39%
RSNRX
- 1D
- 0.33%
- 1M
- -0.84%
- YTD
- 34.09%
- 6M
- 32.01%
- 1Y
- 93.26%
- 3Y*
- 33.50%
- 5Y*
- 29.54%
- 10Y*
- 13.25%
BACIX vs. RSNRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BACIX BlackRock Energy Opportunities Fund | 21.82% | 11.03% | 4.23% | 2.97% | 43.64% | 43.50% | -29.38% | 13.04% | -19.55% | 2.47% |
RSNRX Victory Global Energy Transition Fund | 34.09% | 69.60% | 15.94% | -8.64% | 35.02% | 83.01% | 27.35% | -24.49% | -45.81% | 1.02% |
Correlation
The correlation between BACIX and RSNRX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2005 | 0.82 |
Over the past year, the correlation between BACIX and RSNRX has dropped to 0.29 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
BACIX vs. RSNRX — Risk / Return Rank
BACIX
RSNRX
BACIX vs. RSNRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Energy Opportunities Fund (BACIX) and Victory Global Energy Transition Fund (RSNRX). 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.
| BACIX | RSNRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.65 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 8.12 | -5.97 |
| Martin ratioReturn relative to average drawdown | 7.47 | 26.28 | -18.81 |
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Drawdowns
BACIX vs. RSNRX - Drawdown Comparison
The maximum BACIX drawdown since its inception was -77.81%, smaller than the maximum RSNRX drawdown of -89.73%. Use the drawdown chart below to compare losses from any high point for BACIX and RSNRX.
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Drawdown Indicators
| BACIX | RSNRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.81% | -89.73% | +11.92% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -11.65% | -0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -18.44% | -25.44% | +7.00% |
Max Drawdown (5Y)Largest decline over 5 years | -25.76% | -25.44% | -0.32% |
Max Drawdown (10Y)Largest decline over 10 years | -65.65% | -84.27% | +18.62% |
Current DrawdownCurrent decline from peak | -11.06% | -3.36% | -7.70% |
Average DrawdownAverage peak-to-trough decline | -32.30% | -25.89% | -6.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 3.59% | -0.05% |
Volatility
BACIX vs. RSNRX - Volatility Comparison
The current volatility for BlackRock Energy Opportunities Fund (BACIX) is 6.10%, while Victory Global Energy Transition Fund (RSNRX) has a volatility of 7.05%. This indicates that BACIX experiences smaller price fluctuations and is considered to be less risky than RSNRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BACIX | RSNRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 7.05% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 14.54% | 17.09% | -2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.63% | 23.18% | -5.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.49% | 24.89% | -1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.21% | 31.47% | -4.26% |
BACIX vs. RSNRX - Expense Ratio Comparison
BACIX has a 0.91% expense ratio, which is lower than RSNRX's 1.48% expense ratio.
Dividends
BACIX vs. RSNRX - Dividend Comparison
BACIX's dividend yield for the trailing twelve months is around 2.29%, less than RSNRX's 3.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BACIX BlackRock Energy Opportunities Fund | 2.29% | 2.79% | 2.63% | 3.39% | 2.49% | 2.67% | 3.66% | 3.06% | 3.43% | 2.76% | 2.38% | 2.51% |
RSNRX Victory Global Energy Transition Fund | 3.27% | 4.38% | 1.65% | 2.36% | 0.78% | 0.00% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BACIX and RSNRX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RSNRX has higher volatility (7.05%) compared to BACIX (6.10%). In terms of maximum drawdown, BACIX dropped -77.81% vs RSNRX's -89.73%.
RSNRX currently has the higher Sharpe Ratio (4.09 vs 1.49), 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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