BASIX vs. SCYB
BASIX (BlackRock Strategic Income Opportunities Fund Investor A) and SCYB (Schwab High Yield Bond ETF) are both funds - BASIX is a Nontraditional Bonds fund actively managed by BlackRock, while SCYB is a High Yield Bonds fund tracking the ICE BofA US Cash Pay High Yield Constrained Index. BASIX is actively managed, while SCYB is passively managed. Over the past 3 years, BASIX returned 6.01%/yr vs 8.22%/yr for SCYB. Their 0.60 correlation means they have sometimes moved together and sometimes differently. BASIX charges 0.96%/yr vs 0.03%/yr for SCYB.
Performance
BASIX vs. SCYB - Performance Comparison
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Returns By Period
In the year-to-date period, BASIX achieves a 0.91% return, which is significantly lower than SCYB's 1.87% return.
BASIX
- 1D
- 0.10%
- 1M
- -1.13%
- 6M
- 0.00%
- YTD
- 0.91%
- 1Y
- 4.10%
- 3Y*
- 6.01%
- 5Y*
- 2.53%
- 10Y*
- 3.33%
- ALL TIME*
- 3.74%
SCYB
- 1D
- 0.08%
- 1M
- -0.27%
- 6M
- 1.11%
- YTD
- 1.87%
- 1Y
- 5.41%
- 3Y*
- 8.22%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $27.25M | $28.58M | $31.43M |
BASIX vs. SCYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BASIX BlackRock Strategic Income Opportunities Fund Investor A | 0.91% | 8.31% | 4.94% | 5.30% |
SCYB Schwab High Yield Bond ETF | 1.87% | 8.33% | 8.15% | 7.29% |
Correlation
The correlation between BASIX and SCYB is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2023 | 0.60 |
The correlation between BASIX and SCYB has been stable across timeframes, ranging from 0.59 to 0.60 - a consistent structural relationship.
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Return for Risk
BASIX vs. SCYB — Risk / Return Rank
BASIX
SCYB
BASIX vs. SCYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Strategic Income Opportunities Fund Investor A (BASIX) and Schwab High Yield Bond ETF (SCYB). 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.
| BASIX | SCYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.28 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.21 | -0.45 |
| Martin ratioReturn relative to average drawdown | 6.36 | 9.67 | -3.31 |
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Drawdowns
BASIX vs. SCYB - Drawdown Comparison
The maximum BASIX drawdown since its inception was -18.88%, which is greater than SCYB's maximum drawdown of -4.92%. Use the drawdown chart below to compare losses from any high point for BASIX and SCYB.
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Drawdown Indicators
| BASIX | SCYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.88% | -4.92% | -13.96% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -2.44% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -2.74% | -4.92% | +2.18% |
Max Drawdown (5Y)Largest decline over 5 years | -9.33% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -9.93% | — | — |
Current DrawdownCurrent decline from peak | -1.27% | -0.46% | -0.81% |
Average DrawdownAverage peak-to-trough decline | -1.89% | -0.50% | -1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 0.56% | +0.20% |
Volatility
BASIX vs. SCYB - Volatility Comparison
BlackRock Strategic Income Opportunities Fund Investor A (BASIX) and Schwab High Yield Bond ETF (SCYB) have volatilities of 0.71% and 0.74%, 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
| BASIX | SCYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 0.74% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.33% | 3.04% | -0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.79% | 3.75% | -0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.99% | 5.04% | -2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.10% | 5.04% | -1.94% |
BASIX vs. SCYB - Expense Ratio Comparison
BASIX has a 0.96% expense ratio, which is higher than SCYB's 0.03% expense ratio.
Dividends
BASIX vs. SCYB - Dividend Comparison
BASIX's dividend yield for the trailing twelve months is around 4.59%, less than SCYB's 6.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BASIX BlackRock Strategic Income Opportunities Fund Investor A | 4.59% | 4.81% | 4.48% | 3.15% | 3.34% | 2.72% | 2.66% | 3.24% | 3.02% | 3.17% | 2.61% | 2.88% |
SCYB Schwab High Yield Bond ETF | 6.31% | 6.99% | 7.06% | 3.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BASIX and SCYB have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCYB has higher volatility (0.74%) compared to BASIX (0.71%). In terms of maximum drawdown, BASIX dropped -18.88% vs SCYB's -4.92%.
BASIX currently has the higher Sharpe Ratio (1.74 vs 1.44), 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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