BCRIX vs. TLT
BCRIX (BlackRock Advantage CoreAlpha Bond Fund) and TLT (iShares 20+ Year Treasury Bond ETF) are both funds - BCRIX is a Intermediate Core Bond fund managed by BlackRock, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Over the past 10 years, BCRIX returned 1.59%/yr vs -1.75%/yr for TLT. Their correlation of 0.83 suggests significant overlap in exposure. BCRIX charges 0.28%/yr vs 0.15%/yr for TLT.
Performance
BCRIX vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, BCRIX achieves a 0.28% return, which is significantly lower than TLT's 0.64% return. Over the past 10 years, BCRIX has outperformed TLT with an annualized return of 1.59%, while TLT has yielded a comparatively lower -1.75% annualized return.
BCRIX
- 1D
- 0.23%
- 1M
- 0.86%
- YTD
- 0.28%
- 6M
- 0.79%
- 1Y
- 4.98%
- 3Y*
- 4.11%
- 5Y*
- -0.46%
- 10Y*
- 1.59%
TLT
- 1D
- -0.76%
- 1M
- 2.06%
- YTD
- 0.64%
- 6M
- 0.41%
- 1Y
- 4.08%
- 3Y*
- -1.93%
- 5Y*
- -6.59%
- 10Y*
- -1.75%
BCRIX vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCRIX BlackRock Advantage CoreAlpha Bond Fund | 0.28% | 6.81% | 2.21% | 5.07% | -14.70% | -1.97% | 8.78% | 9.33% | -0.17% | 4.17% |
TLT iShares 20+ Year Treasury Bond ETF | 0.64% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Correlation
The correlation between BCRIX and TLT is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2011 | 0.83 |
The correlation between BCRIX and TLT has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.
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Return for Risk
BCRIX vs. TLT — Risk / Return Rank
BCRIX
TLT
BCRIX vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Advantage CoreAlpha Bond Fund (BCRIX) and iShares 20+ Year Treasury Bond ETF (TLT). 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 | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.08 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 0.54 | +1.12 |
| Martin ratioReturn relative to average drawdown | 4.69 | 1.29 | +3.40 |
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Drawdowns
BCRIX vs. TLT - Drawdown Comparison
The maximum BCRIX drawdown since its inception was -20.21%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for BCRIX and TLT.
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Drawdown Indicators
| BCRIX | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.21% | -48.35% | +28.14% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -7.58% | +4.57% |
Max Drawdown (3Y)Largest decline over 3 years | -6.40% | -19.18% | +12.78% |
Max Drawdown (5Y)Largest decline over 5 years | -20.05% | -43.70% | +23.65% |
Max Drawdown (10Y)Largest decline over 10 years | -20.21% | -48.35% | +28.14% |
Current DrawdownCurrent decline from peak | -3.81% | -39.89% | +36.08% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -13.87% | +9.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 3.17% | -2.11% |
Volatility
BCRIX vs. TLT - Volatility Comparison
The current volatility for BlackRock Advantage CoreAlpha Bond Fund (BCRIX) is 1.18%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 2.21%. This indicates that BCRIX experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCRIX | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 2.21% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 6.63% | -3.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 9.50% | -5.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 15.82% | -9.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.06% | 14.91% | -9.85% |
BCRIX vs. TLT - Expense Ratio Comparison
BCRIX has a 0.28% expense ratio, which is higher than TLT's 0.15% expense ratio.
Dividends
BCRIX vs. TLT - Dividend Comparison
BCRIX's dividend yield for the trailing twelve months is around 4.68%, more than TLT's 4.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCRIX BlackRock Advantage CoreAlpha Bond Fund | 4.68% | 4.59% | 4.53% | 3.41% | 1.85% | 2.49% | 6.25% | 3.75% | 3.07% | 2.81% | 3.21% | 2.93% |
TLT iShares 20+ Year Treasury Bond ETF | 4.55% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Frequently Asked Questions
BCRIX and TLT have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLT has higher volatility (2.21%) compared to BCRIX (1.18%). In terms of maximum drawdown, BCRIX dropped -20.21% vs TLT's -48.35%.
BCRIX currently has the higher Sharpe Ratio (1.30 vs 0.43), 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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