BAMBX vs. BGSAX
BAMBX (BlackRock Systematic Multi-Strategy Fund) and BGSAX (BlackRock Technology Opportunities Fund Investor A) are both mutual funds - BAMBX is a Multistrategy fund tracking the ICE BofA 3 Month Treasury Bill Index (G0O1) (USD), while BGSAX is a Technology Equities fund managed by BlackRock. Over the past 10 years, BAMBX returned 4.30%/yr vs 25.97%/yr for BGSAX. At a 0.07 correlation, their price movements are largely independent. Both charge a 1.20% expense ratio.
Performance
BAMBX vs. BGSAX - Performance Comparison
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Returns By Period
Over the past 10 years, BAMBX has underperformed BGSAX with an annualized return of 4.30%, while BGSAX has yielded a comparatively higher 25.97% annualized return.
BAMBX
- 1D
- -0.10%
- 1M
- 0.49%
- YTD
- 0.00%
- 6M
- 0.12%
- 1Y
- 1.77%
- 3Y*
- 5.90%
- 5Y*
- 3.32%
- 10Y*
- 4.30%
BGSAX
- 1D
- 4.46%
- 1M
- 9.11%
- YTD
- 43.57%
- 6M
- 43.11%
- 1Y
- 67.10%
- 3Y*
- 38.82%
- 5Y*
- 16.37%
- 10Y*
- 25.97%
BAMBX vs. BGSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAMBX BlackRock Systematic Multi-Strategy Fund | 0.00% | 4.59% | 6.61% | 6.19% | -3.23% | 5.84% | 3.34% | 8.25% | 1.51% | 9.72% |
BGSAX BlackRock Technology Opportunities Fund Investor A | 43.57% | 19.63% | 40.56% | 49.09% | -43.13% | 8.19% | 86.27% | 43.84% | 2.03% | 49.45% |
Correlation
The correlation between BAMBX and BGSAX is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.08 |
The correlation between BAMBX and BGSAX shifts across timeframes, from -0.08 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BAMBX vs. BGSAX — Risk / Return Rank
BAMBX
BGSAX
BAMBX vs. BGSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Systematic Multi-Strategy Fund (BAMBX) 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.
| BAMBX | BGSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.40 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 3.57 | -3.15 |
| Martin ratioReturn relative to average drawdown | 1.03 | 10.42 | -9.39 |
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Drawdowns
BAMBX vs. BGSAX - Drawdown Comparison
The maximum BAMBX drawdown since its inception was -8.84%, smaller than the maximum BGSAX drawdown of -73.75%. Use the drawdown chart below to compare losses from any high point for BAMBX and BGSAX.
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Drawdown Indicators
| BAMBX | BGSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.84% | -73.75% | +64.91% |
Max Drawdown (1Y)Largest decline over 1 year | -5.19% | -18.49% | +13.30% |
Max Drawdown (3Y)Largest decline over 3 years | -5.19% | -27.75% | +22.56% |
Max Drawdown (5Y)Largest decline over 5 years | -6.66% | -49.22% | +42.56% |
Max Drawdown (10Y)Largest decline over 10 years | -8.84% | -49.22% | +40.38% |
Current DrawdownCurrent decline from peak | -4.08% | -0.29% | -3.79% |
Average DrawdownAverage peak-to-trough decline | -1.27% | -26.33% | +25.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 6.32% | -4.22% |
Volatility
BAMBX vs. BGSAX - Volatility Comparison
The current volatility for BlackRock Systematic Multi-Strategy Fund (BAMBX) is 1.32%, while BlackRock Technology Opportunities Fund Investor A (BGSAX) has a volatility of 14.41%. This indicates that BAMBX experiences smaller price fluctuations and is considered to be less risky 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
| BAMBX | BGSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 14.41% | -13.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.44% | 23.82% | -20.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.28% | 27.87% | -23.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.69% | 28.32% | -24.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.61% | 26.19% | -22.58% |
BAMBX vs. BGSAX - Expense Ratio Comparison
Both BAMBX and BGSAX have an expense ratio of 1.20%.
Dividends
BAMBX vs. BGSAX - Dividend Comparison
BAMBX's dividend yield for the trailing twelve months is around 1.97%, less than BGSAX's 9.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BAMBX BlackRock Systematic Multi-Strategy Fund | 1.97% | 1.97% | 3.86% | 4.13% | 4.70% | 2.39% | 1.09% | 3.73% | 8.70% | 3.81% | 4.82% |
BGSAX BlackRock Technology Opportunities Fund Investor A | 9.44% | 13.55% | 8.68% | 0.00% | 0.00% | 7.66% | 4.86% | 1.50% | 1.24% | 8.01% | 1.17% |
Frequently Asked Questions
BAMBX and BGSAX have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGSAX has higher volatility (14.41%) compared to BAMBX (1.32%). In terms of maximum drawdown, BAMBX dropped -8.84% vs BGSAX's -73.75%.
BGSAX currently has the higher Sharpe Ratio (2.37 vs 0.51), 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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