BASIX vs. AGG
BASIX (BlackRock Strategic Income Opportunities Fund Investor A) and AGG (iShares Core U.S. Aggregate Bond ETF) are both funds - BASIX is a Nontraditional Bonds fund actively managed by BlackRock, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. BASIX is actively managed, while AGG is passively managed. Over the past 10 years, BASIX returned 3.55%/yr vs 1.57%/yr for AGG. At a 0.39 correlation, their price movements are largely independent. BASIX charges 0.96%/yr vs 0.03%/yr for AGG.
Performance
BASIX vs. AGG - Performance Comparison
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Returns By Period
In the year-to-date period, BASIX achieves a 1.68% return, which is significantly higher than AGG's 0.25% return. Over the past 10 years, BASIX has outperformed AGG with an annualized return of 3.55%, while AGG has yielded a comparatively lower 1.57% annualized return.
BASIX
- 1D
- 0.10%
- 1M
- 1.11%
- YTD
- 1.68%
- 6M
- 2.13%
- 1Y
- 6.79%
- 3Y*
- 6.58%
- 5Y*
- 2.68%
- 10Y*
- 3.55%
AGG
- 1D
- -0.21%
- 1M
- 0.24%
- YTD
- 0.25%
- 6M
- 0.09%
- 1Y
- 5.14%
- 3Y*
- 3.95%
- 5Y*
- 0.10%
- 10Y*
- 1.57%
BASIX vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BASIX BlackRock Strategic Income Opportunities Fund Investor A | 1.68% | 8.31% | 4.94% | 5.98% | -6.35% | 0.54% | 6.93% | 7.44% | -0.82% | 4.60% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.25% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Correlation
The correlation between BASIX and AGG is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2008 | 0.39 |
Over the past year, BASIX and AGG have become more correlated (0.71) than their long-term average of 0.39, meaning their price movements have been converging.
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Return for Risk
BASIX vs. AGG — Risk / Return Rank
BASIX
AGG
BASIX vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Strategic Income Opportunities Fund Investor A (BASIX) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
| BASIX | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.24 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 1.87 | +0.66 |
| Martin ratioReturn relative to average drawdown | 9.72 | 5.73 | +3.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BASIX | AGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.55 | 1.34 | +1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.02 | +0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.15 | 0.29 | +0.86 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.26 | 0.59 | +0.66 |
Drawdowns
BASIX vs. AGG - Drawdown Comparison
The maximum BASIX drawdown since its inception was -18.88%, roughly equal to the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for BASIX and AGG.
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Drawdown Indicators
| BASIX | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.88% | -18.43% | -0.45% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -2.76% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -2.74% | -6.11% | +3.37% |
Max Drawdown (5Y)Largest decline over 5 years | -9.33% | -17.82% | +8.49% |
Max Drawdown (10Y)Largest decline over 10 years | -9.93% | -18.43% | +8.50% |
Current DrawdownCurrent decline from peak | 0.00% | -2.14% | +2.14% |
Average DrawdownAverage peak-to-trough decline | -1.91% | -2.71% | +0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.90% | -0.19% |
Volatility
BASIX vs. AGG - Volatility Comparison
The current volatility for BlackRock Strategic Income Opportunities Fund Investor A (BASIX) is 0.99%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.30%. This indicates that BASIX experiences smaller price fluctuations and is considered to be less risky than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BASIX | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 1.30% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.15% | 2.74% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.72% | 3.85% | -1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.58% | 6.09% | -2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.10% | 5.40% | -2.30% |
BASIX vs. AGG - Expense Ratio Comparison
BASIX has a 0.96% expense ratio, which is higher than AGG's 0.03% expense ratio.
Dividends
BASIX vs. AGG - Dividend Comparison
BASIX's dividend yield for the trailing twelve months is around 4.90%, more than AGG's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 3.99% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
BASIX BlackRock Strategic Income Opportunities Fund Investor A | 4.90% | 4.81% | 4.48% | 3.15% | 3.34% | 2.72% | 2.66% | 3.24% | 3.02% | 3.17% | 2.61% | 2.88% |
Frequently Asked Questions
BASIX and AGG have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGG has higher volatility (1.30%) compared to BASIX (0.99%). In terms of maximum drawdown, BASIX dropped -18.88% vs AGG's -18.43%.
BASIX currently has the higher Sharpe Ratio (2.55 vs 1.34), 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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