BCRIX vs. FMBPX
BCRIX (BlackRock Advantage CoreAlpha Bond Fund) and FMBPX (Federated Hermes Mortgage Strategy Portfolio) are both Intermediate Core Bond funds. Over the past 10 years, BCRIX returned 1.39%/yr vs 1.35%/yr for FMBPX. A 0.78 correlation means they provide meaningful diversification when combined. BCRIX charges 0.28%/yr vs 0.02%/yr for FMBPX.
Performance
BCRIX vs. FMBPX - Performance Comparison
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Returns By Period
In the year-to-date period, BCRIX achieves a -0.13% return, which is significantly lower than FMBPX's 0.49% return. Both investments have delivered pretty close results over the past 10 years, with BCRIX having a 1.39% annualized return and FMBPX not far behind at 1.35%.
BCRIX
- 1D
- -0.12%
- 1M
- -0.30%
- 6M
- -0.13%
- YTD
- -0.13%
- 1Y
- 4.03%
- 3Y*
- 4.36%
- 5Y*
- -0.65%
- 10Y*
- 1.39%
FMBPX
- 1D
- -0.12%
- 1M
- -0.19%
- 6M
- 0.14%
- YTD
- 0.49%
- 1Y
- 5.61%
- 3Y*
- 4.79%
- 5Y*
- 0.22%
- 10Y*
- 1.35%
BCRIX vs. FMBPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCRIX BlackRock Advantage CoreAlpha Bond Fund | -0.13% | 6.81% | 2.21% | 5.07% | -14.70% | -1.97% | 8.78% | 9.33% | -0.17% | 4.17% |
FMBPX Federated Hermes Mortgage Strategy Portfolio | 0.49% | 9.03% | 1.04% | 4.44% | -12.21% | -1.35% | 4.77% | 6.30% | 1.13% | 2.76% |
Correlation
The correlation between BCRIX and FMBPX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2011 | 0.78 |
Over the past year, the correlation between BCRIX and FMBPX has dropped to 0.49 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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Return for Risk
BCRIX vs. FMBPX — Risk / Return Rank
BCRIX
FMBPX
BCRIX vs. FMBPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Advantage CoreAlpha Bond Fund (BCRIX) and Federated Hermes Mortgage Strategy Portfolio (FMBPX). 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.
| BCRIX | FMBPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.24 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.75 | -0.56 |
| Martin ratioReturn relative to average drawdown | 3.22 | 5.54 | -2.32 |
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Drawdowns
BCRIX vs. FMBPX - Drawdown Comparison
The maximum BCRIX drawdown since its inception was -20.21%, which is greater than FMBPX's maximum drawdown of -18.34%. Use the drawdown chart below to compare losses from any high point for BCRIX and FMBPX.
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Drawdown Indicators
| BCRIX | FMBPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.21% | -18.34% | -1.87% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -3.15% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -6.40% | -7.58% | +1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -20.05% | -18.02% | -2.03% |
Max Drawdown (10Y)Largest decline over 10 years | -20.21% | -18.34% | -1.87% |
Current DrawdownCurrent decline from peak | -4.21% | -1.54% | -2.67% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -3.25% | -0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.00% | +0.11% |
Volatility
BCRIX vs. FMBPX - Volatility Comparison
BlackRock Advantage CoreAlpha Bond Fund (BCRIX) and Federated Hermes Mortgage Strategy Portfolio (FMBPX) have volatilities of 1.19% and 1.23%, 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
| BCRIX | FMBPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.23% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 3.33% | -0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 4.52% | -0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.06% | 6.80% | -0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.06% | 5.13% | -0.07% |
BCRIX vs. FMBPX - Expense Ratio Comparison
BCRIX has a 0.28% expense ratio, which is higher than FMBPX's 0.02% expense ratio.
Dividends
BCRIX vs. FMBPX - Dividend Comparison
BCRIX's dividend yield for the trailing twelve months is around 4.74%, less than FMBPX's 5.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCRIX BlackRock Advantage CoreAlpha Bond Fund | 4.74% | 4.59% | 4.53% | 3.41% | 1.85% | 2.49% | 6.25% | 3.75% | 3.07% | 2.81% | 3.21% | 2.93% |
FMBPX Federated Hermes Mortgage Strategy Portfolio | 5.04% | 4.87% | 4.29% | 3.46% | 2.29% | 1.96% | 2.68% | 3.23% | 3.14% | 2.83% | 2.72% | 2.65% |
Frequently Asked Questions
BCRIX and FMBPX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMBPX has higher volatility (1.23%) compared to BCRIX (1.19%). In terms of maximum drawdown, BCRIX dropped -20.21% vs FMBPX's -18.34%.
FMBPX currently has the higher Sharpe Ratio (1.22 vs 0.93), 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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