BCX vs. MPV
BCX (Blackrock Resources & Commodities Strategy Trust) is Natural Resources fund managed by BlackRock, while MPV (Barings Participation Investors) is a stock. Over the past 10 years, BCX returned 11.20%/yr vs 9.38%/yr for MPV. At a 0.09 correlation, their price movements are largely independent.
Performance
BCX vs. MPV - Performance Comparison
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Returns By Period
In the year-to-date period, BCX achieves a 1.95% return, which is significantly lower than MPV's 8.59% return. Over the past 10 years, BCX has outperformed MPV with an annualized return of 11.20%, while MPV has yielded a comparatively lower 9.38% annualized return.
BCX
- 1D
- -4.75%
- 1M
- -9.60%
- YTD
- 1.95%
- 6M
- 1.67%
- 1Y
- 25.08%
- 3Y*
- 14.63%
- 5Y*
- 9.62%
- 10Y*
- 11.20%
MPV
- 1D
- -1.06%
- 1M
- 1.86%
- YTD
- 8.59%
- 6M
- -4.41%
- 1Y
- -5.76%
- 3Y*
- 19.26%
- 5Y*
- 13.38%
- 10Y*
- 9.38%
BCX vs. MPV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCX Blackrock Resources & Commodities Strategy Trust | 1.95% | 40.37% | 3.18% | -4.79% | 12.80% | 32.90% | 0.04% | 23.80% | -22.55% | 26.76% |
MPV Barings Participation Investors | 8.59% | 0.74% | 20.52% | 39.14% | -10.73% | 31.93% | -21.01% | 14.57% | 14.84% | 7.04% |
Correlation
The correlation between BCX and MPV is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2011 | 0.09 |
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Return for Risk
BCX vs. MPV — Risk / Return Rank
BCX
MPV
BCX vs. MPV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackrock Resources & Commodities Strategy Trust (BCX) and Barings Participation Investors (MPV). 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.
| BCX | MPV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.98 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | -0.29 | +1.63 |
| Martin ratioReturn relative to average drawdown | 4.06 | -0.74 | +4.80 |
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Drawdowns
BCX vs. MPV - Drawdown Comparison
The maximum BCX drawdown since its inception was -62.36%, which is greater than MPV's maximum drawdown of -54.02%. Use the drawdown chart below to compare losses from any high point for BCX and MPV.
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Drawdown Indicators
| BCX | MPV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.36% | -54.02% | -8.34% |
Max Drawdown (1Y)Largest decline over 1 year | -18.85% | -19.76% | +0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -18.85% | -19.76% | +0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -29.22% | -22.63% | -6.59% |
Max Drawdown (10Y)Largest decline over 10 years | -59.23% | -54.02% | -5.21% |
Current DrawdownCurrent decline from peak | -18.85% | -12.87% | -5.98% |
Average DrawdownAverage peak-to-trough decline | -19.61% | -7.75% | -11.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.19% | 7.79% | -1.60% |
Volatility
BCX vs. MPV - Volatility Comparison
Blackrock Resources & Commodities Strategy Trust (BCX) has a higher volatility of 7.07% compared to Barings Participation Investors (MPV) at 6.16%. This indicates that BCX's price experiences larger fluctuations and is considered to be riskier than MPV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCX | MPV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.07% | 6.16% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 17.05% | 19.55% | -2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.43% | 25.17% | -5.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.47% | 21.18% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.57% | 25.85% | -2.28% |
Dividends
BCX vs. MPV - Dividend Comparison
BCX's dividend yield for the trailing twelve months is around 7.73%, less than MPV's 8.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCX Blackrock Resources & Commodities Strategy Trust | 7.73% | 7.62% | 7.49% | 7.00% | 5.52% | 5.13% | 7.10% | 7.67% | 8.77% | 6.19% | 6.98% | 11.38% |
MPV Barings Participation Investors | 8.76% | 9.31% | 9.19% | 8.27% | 6.98% | 5.41% | 6.73% | 6.70% | 7.18% | 7.66% | 7.61% | 7.86% |
Frequently Asked Questions
BCX and MPV have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCX has higher volatility (7.07%) compared to MPV (6.16%). In terms of maximum drawdown, BCX dropped -62.36% vs MPV's -54.02%.
BCX currently has the higher Sharpe Ratio (1.30 vs -0.23), 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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