BCRIX vs. TLT
Compare and contrast key facts about BlackRock Advantage CoreAlpha Bond Fund (BCRIX) and iShares 20+ Year Treasury Bond ETF (TLT).
BCRIX is managed by BlackRock. It was launched on Feb 28, 2011. TLT is a passively managed fund by iShares that tracks the performance of the ICE U.S. Treasury 20+ Year Bond Index. It was launched on Jul 22, 2002.
Performance
BCRIX vs. TLT - Performance Comparison
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BCRIX vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCRIX BlackRock Advantage CoreAlpha Bond Fund | -0.63% | 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 | 0.17% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Returns By Period
In the year-to-date period, BCRIX achieves a -0.63% return, which is significantly lower than TLT's 0.17% return. Over the past 10 years, BCRIX has outperformed TLT with an annualized return of 1.59%, while TLT has yielded a comparatively lower -1.38% annualized return.
BCRIX
- 1D
- 0.47%
- 1M
- -2.38%
- YTD
- -0.63%
- 6M
- 0.33%
- 1Y
- 3.83%
- 3Y*
- 3.47%
- 5Y*
- -0.29%
- 10Y*
- 1.59%
TLT
- 1D
- -0.10%
- 1M
- -4.23%
- YTD
- 0.17%
- 6M
- -0.87%
- 1Y
- -0.49%
- 3Y*
- -2.78%
- 5Y*
- -5.85%
- 10Y*
- -1.38%
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BCRIX vs. TLT - Expense Ratio Comparison
BCRIX has a 0.28% expense ratio, which is higher than TLT's 0.15% expense ratio.
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.
| BCRIX | TLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | -0.04 | +1.03 |
Sortino ratioReturn per unit of downside risk | 1.42 | 0.02 | +1.40 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.00 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 0.05 | +1.59 |
Martin ratioReturn relative to average drawdown | 4.87 | 0.11 | +4.76 |
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
| BCRIX | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | -0.04 | +1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | -0.37 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | -0.09 | +0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.26 | +0.17 |
Correlation
The correlation between BCRIX and TLT is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BCRIX vs. TLT - Dividend Comparison
BCRIX's dividend yield for the trailing twelve months is around 4.26%, less than TLT's 4.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCRIX BlackRock Advantage CoreAlpha Bond Fund | 4.26% | 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 | 4.49% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
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 | -3.09% | -9.23% | +6.14% |
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 | -4.68% | -40.17% | +35.49% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -13.62% | +9.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 4.38% | -3.34% |
Volatility
BCRIX vs. TLT - Volatility Comparison
The current volatility for BlackRock Advantage CoreAlpha Bond Fund (BCRIX) is 1.49%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 3.71%. 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 | 1.49% | 3.71% | -2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 6.61% | -4.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.55% | 11.44% | -6.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.01% | 15.90% | -9.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 14.93% | -9.89% |