BASIX vs. VTMSX
BASIX (BlackRock Strategic Income Opportunities Fund Investor A) and VTMSX (Vanguard Tax-Managed Small-Cap Fund Admiral Shares) are both mutual funds - BASIX is a Nontraditional Bonds fund actively managed by BlackRock, while VTMSX is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index. BASIX is actively managed, while VTMSX is passively managed. Over the past 10 years, BASIX returned 3.33%/yr vs 10.75%/yr for VTMSX. Their 0.22 correlation means their historical movements had little consistent relationship. BASIX charges 0.96%/yr vs 0.05%/yr for VTMSX.
Performance
BASIX vs. VTMSX - 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 VTMSX's 21.93% return. Over the past 10 years, BASIX has underperformed VTMSX with an annualized return of 3.33%, while VTMSX has yielded a comparatively higher 10.75% annualized 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%
VTMSX
- 1D
- 0.86%
- 1M
- -0.56%
- 6M
- 15.49%
- YTD
- 21.93%
- 1Y
- 36.13%
- 3Y*
- 13.30%
- 5Y*
- 7.52%
- 10Y*
- 10.75%
- ALL TIME*
- 10.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BASIX vs. VTMSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BASIX BlackRock Strategic Income Opportunities Fund Investor A | 0.91% | 8.31% | 4.94% | 5.98% | -6.35% | 0.54% | 6.93% | 7.44% | -0.82% | 4.60% |
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares | 21.93% | 5.93% | 8.61% | 15.95% | -16.16% | 27.08% | 11.05% | 23.28% | -8.62% | 13.05% |
Correlation
The correlation between BASIX and VTMSX is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.34 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2008 | 0.22 |
Over the past year, BASIX and VTMSX have become more correlated (0.43) than their long-term average of 0.22, meaning their price movements have been converging.
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Return for Risk
BASIX vs. VTMSX — Risk / Return Rank
BASIX
VTMSX
BASIX vs. VTMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Strategic Income Opportunities Fund Investor A (BASIX) and Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX). 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 | VTMSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.32 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 3.79 | -2.02 |
| Martin ratioReturn relative to average drawdown | 6.36 | 12.88 | -6.52 |
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Drawdowns
BASIX vs. VTMSX - Drawdown Comparison
The maximum BASIX drawdown since its inception was -18.88%, smaller than the maximum VTMSX drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for BASIX and VTMSX.
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Drawdown Indicators
| BASIX | VTMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.88% | -57.84% | +38.96% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -8.59% | +5.85% |
Max Drawdown (3Y)Largest decline over 3 years | -2.74% | -27.93% | +25.19% |
Max Drawdown (5Y)Largest decline over 5 years | -9.33% | -27.93% | +18.60% |
Max Drawdown (10Y)Largest decline over 10 years | -9.93% | -43.88% | +33.95% |
Current DrawdownCurrent decline from peak | -1.27% | -1.82% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -1.89% | -8.88% | +6.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 2.53% | -1.77% |
Volatility
BASIX vs. VTMSX - Volatility Comparison
The current volatility for BlackRock Strategic Income Opportunities Fund Investor A (BASIX) is 0.71%, while Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) has a volatility of 3.47%. This indicates that BASIX experiences smaller price fluctuations and is considered to be less risky than VTMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BASIX | VTMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 3.47% | -2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 2.33% | 11.67% | -9.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.79% | 17.40% | -14.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.99% | 21.32% | -18.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.10% | 23.07% | -19.97% |
BASIX vs. VTMSX - Expense Ratio Comparison
BASIX has a 0.96% expense ratio, which is higher than VTMSX's 0.05% expense ratio.
Dividends
BASIX vs. VTMSX - Dividend Comparison
BASIX's dividend yield for the trailing twelve months is around 4.59%, more than VTMSX's 1.19% 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% |
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares | 1.19% | 1.28% | 1.44% | 1.50% | 1.51% | 1.16% | 1.09% | 1.15% | 1.26% | 1.11% | 1.01% | 1.26% |
Frequently Asked Questions
BASIX and VTMSX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTMSX has higher volatility (3.47%) compared to BASIX (0.71%). In terms of maximum drawdown, BASIX dropped -18.88% vs VTMSX's -57.84%.
VTMSX currently has the higher Sharpe Ratio (1.87 vs 1.74), 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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