BAI vs. BGSAX
BAI (iShares A.I. Innovation and Tech Active ETF) and BGSAX (BlackRock Technology Opportunities Fund Investor A) are both Technology Equities funds. Over the past year, BAI returned 86.14% vs 65.19% for BGSAX. Their correlation of 0.93 suggests significant overlap in exposure. BAI charges 0.55%/yr vs 1.20%/yr for BGSAX.
Performance
BAI vs. BGSAX - Performance Comparison
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Returns By Period
In the year-to-date period, BAI achieves a 49.94% return, which is significantly higher than BGSAX's 43.67% return.
BAI
- 1D
- -7.93%
- 1M
- 4.43%
- YTD
- 49.94%
- 6M
- 47.29%
- 1Y
- 86.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BGSAX
- 1D
- 0.07%
- 1M
- 9.19%
- YTD
- 43.67%
- 6M
- 42.15%
- 1Y
- 65.19%
- 3Y*
- 39.96%
- 5Y*
- 16.00%
- 10Y*
- 26.34%
BAI vs. BGSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BAI iShares A.I. Innovation and Tech Active ETF | 49.94% | 25.22% | 8.89% |
BGSAX BlackRock Technology Opportunities Fund Investor A | 43.67% | 19.63% | 6.54% |
Correlation
The correlation between BAI and BGSAX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024 | 0.93 |
The correlation between BAI and BGSAX has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
BAI vs. BGSAX — Risk / Return Rank
BAI
BGSAX
BAI vs. BGSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares A.I. Innovation and Tech Active ETF (BAI) and BlackRock Technology Opportunities Fund Investor A (BGSAX). 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.
| BAI | BGSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.41 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 5.34 | 3.65 | +1.68 |
| Martin ratioReturn relative to average drawdown | 14.08 | 10.67 | +3.42 |
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Drawdowns
BAI vs. BGSAX - Drawdown Comparison
The maximum BAI drawdown since its inception was -34.09%, smaller than the maximum BGSAX drawdown of -73.75%. Use the drawdown chart below to compare losses from any high point for BAI and BGSAX.
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Drawdown Indicators
| BAI | BGSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.09% | -73.75% | +39.66% |
Max Drawdown (1Y)Largest decline over 1 year | -16.22% | -18.49% | +2.27% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.75% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -49.22% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.22% | — |
Current DrawdownCurrent decline from peak | -7.93% | -0.22% | -7.71% |
Average DrawdownAverage peak-to-trough decline | -6.87% | -26.33% | +19.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.14% | 6.32% | -0.18% |
Volatility
BAI vs. BGSAX - Volatility Comparison
iShares A.I. Innovation and Tech Active ETF (BAI) has a higher volatility of 20.05% compared to BlackRock Technology Opportunities Fund Investor A (BGSAX) at 14.30%. This indicates that BAI's price experiences larger fluctuations and is considered to be riskier than BGSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAI | BGSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.05% | 14.30% | +5.75% |
Volatility (6M)Calculated over the trailing 6-month period | 31.41% | 23.64% | +7.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.30% | 27.91% | +9.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.40% | 28.33% | +9.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.40% | 26.20% | +11.20% |
BAI vs. BGSAX - Expense Ratio Comparison
BAI has a 0.55% expense ratio, which is lower than BGSAX's 1.20% expense ratio.
Dividends
BAI vs. BGSAX - Dividend Comparison
BAI's dividend yield for the trailing twelve months is around 1.19%, less than BGSAX's 9.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BAI iShares A.I. Innovation and Tech Active ETF | 1.19% | 1.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BGSAX BlackRock Technology Opportunities Fund Investor A | 9.43% | 13.55% | 8.68% | 0.00% | 0.00% | 7.66% | 4.86% | 1.50% | 1.24% | 8.01% | 1.17% |
Frequently Asked Questions
With a correlation of 0.94, BAI and BGSAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BAI has higher volatility (20.05%) compared to BGSAX (14.30%). In terms of maximum drawdown, BAI dropped -34.09% vs BGSAX's -73.75%.
BGSAX currently has the higher Sharpe Ratio (2.43 vs 2.32), 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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