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BGCIX vs. AFLIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BGCIX vs. AFLIX

Last updated Jun 24, 2026

BGCIX (BlackRock Global Long/Short Credit Fund) and AFLIX (Anfield Universal Fixed Income Fund) are both Nontraditional Bonds funds. Over the past 5 years, BGCIX returned 3.23%/yr vs 2.92%/yr for AFLIX. At a 0.31 correlation, their price movements are largely independent. BGCIX charges 1.12%/yr vs 1.39%/yr for AFLIX.

Performance

BGCIX vs. AFLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Global Long/Short Credit Fund (BGCIX) and Anfield Universal Fixed Income Fund (AFLIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with BGCIX having a 1.44% return and AFLIX slightly lower at 1.42%.

BGCIX

1D
-0.11%
1M
0.44%
YTD
1.44%
6M
1.66%
1Y
4.36%
3Y*
7.14%
5Y*
3.23%
10Y*
4.24%

AFLIX

1D
0.00%
1M
0.35%
YTD
1.42%
6M
1.65%
1Y
4.81%
3Y*
6.05%
5Y*
2.92%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

BGCIX vs. AFLIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BGCIX
BlackRock Global Long/Short Credit Fund		1.44%6.55%8.47%8.87%-8.02%3.48%10.71%7.43%-1.78%1.75%
AFLIX
Anfield Universal Fixed Income Fund		1.42%5.99%5.51%7.75%-5.69%1.66%0.58%1.56%1.70%1.85%

Correlation

The correlation between BGCIX and AFLIX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.40

Correlation (3Y)
Calculated over the trailing 3-year period

0.36

Correlation (5Y)
Calculated over the trailing 5-year period

0.35

Correlation (All Time)
Calculated using the full available price history since Jun 12, 2017

0.31

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BlackRock Global Long/Short Credit Fund

Anfield Universal Fixed Income Fund

Often compared with BGCIX:
BGCIX vs. RPIEXBGCIX vs. SIFFXBGCIX vs. PADZXBGCIX vs. DCAIXBGCIX vs. DFLEXBGCIX vs. RPELXBGCIX vs. CBYYX
Often compared with AFLIX:
AFLIX vs. FDFIXAFLIX vs. MWSTXAFLIX vs. SCFZXAFLIX vs. APFPXAFLIX vs. MWCIXAFLIX vs. TUIFXAFLIX vs. STBNX

Return for Risk

BGCIX vs. AFLIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BGCIX
BGCIX Risk / Return Rank: 9696
Overall Rank
BGCIX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
BGCIX Sortino Ratio Rank: 9898
Sortino Ratio Rank
BGCIX Omega Ratio Rank: 9797
Omega Ratio Rank
BGCIX Calmar Ratio Rank: 9292
Calmar Ratio Rank
BGCIX Martin Ratio Rank: 9494
Martin Ratio Rank
AFLIX
AFLIX Risk / Return Rank: 9494
Overall Rank
AFLIX Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
AFLIX Sortino Ratio Rank: 9797
Sortino Ratio Rank
AFLIX Omega Ratio Rank: 9797
Omega Ratio Rank
AFLIX Calmar Ratio Rank: 8484
Calmar Ratio Rank
AFLIX Martin Ratio Rank: 9292
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BGCIX vs. AFLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Long/Short Credit Fund (BGCIX) and Anfield Universal Fixed Income Fund (AFLIX). 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.

BGCIXAFLIXDifference
Sharpe ratioReturn per unit of total volatility
3.34
3.50

-0.16

Sortino ratioReturn per unit of downside risk
5.78
5.63

+0.15

Omega ratioGain probability vs. loss probability

1.91

1.96

-0.06

Calmar ratioReturn relative to maximum drawdown

4.65

3.75

+0.90

Martin ratioReturn relative to average drawdown

19.56

17.82

+1.73

BGCIX vs. AFLIX - Sharpe Ratio Comparison

The current BGCIX Sharpe Ratio is 3.34, which is comparable to the AFLIX Sharpe Ratio of 3.50. The chart below compares the historical Sharpe Ratios of BGCIX and AFLIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BGCIX vs. AFLIX - Drawdown Comparison

The maximum BGCIX drawdown since its inception was -10.37%, which is greater than AFLIX's maximum drawdown of -9.43%. Use the drawdown chart below to compare losses from any high point for BGCIX and AFLIX.

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Drawdown Indicators

BGCIXAFLIXDifference

Max Drawdown

Largest peak-to-trough decline

-10.37%

-9.43%

-0.94%

Max Drawdown (1Y)

Largest decline over 1 year

-0.99%

-1.32%

+0.33%

Max Drawdown (3Y)

Largest decline over 3 years

-2.18%

-1.38%

-0.80%

Max Drawdown (5Y)

Largest decline over 5 years

-9.78%

-8.55%

-1.23%

Max Drawdown (10Y)

Largest decline over 10 years

-10.37%

—

—

Current Drawdown

Current decline from peak

-0.11%

-0.11%

0.00%

Average Drawdown

Average peak-to-trough decline

-1.27%

-1.61%

+0.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.24%

0.28%

-0.04%

Volatility

BGCIX vs. AFLIX - Volatility Comparison

BlackRock Global Long/Short Credit Fund (BGCIX) has a higher volatility of 0.42% compared to Anfield Universal Fixed Income Fund (AFLIX) at 0.38%. This indicates that BGCIX's price experiences larger fluctuations and is considered to be riskier than AFLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BGCIXAFLIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.42%

0.38%

+0.04%

Volatility (6M)

Calculated over the trailing 6-month period

1.00%

1.19%

-0.19%

Volatility (1Y)

Calculated over the trailing 1-year period

1.38%

1.42%

-0.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

1.90%

1.98%

-0.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.15%

2.33%

+0.82%

BGCIX vs. AFLIX - Expense Ratio Comparison

BGCIX has a 1.12% expense ratio, which is lower than AFLIX's 1.39% expense ratio.

Dividends

BGCIX vs. AFLIX - Dividend Comparison

BGCIX's dividend yield for the trailing twelve months is around 5.74%, more than AFLIX's 2.30% yield.

PositionTTM20252024202320222021202020192018201720162015
AFLIX
Anfield Universal Fixed Income Fund		2.30%3.15%5.97%5.31%4.13%2.40%4.51%2.88%2.92%1.34%0.00%0.00%
BGCIX
BlackRock Global Long/Short Credit Fund		5.74%5.83%7.13%3.33%8.25%3.57%9.87%3.75%6.01%1.16%0.00%5.11%

Frequently Asked Questions

BGCIX and AFLIX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BGCIX has higher volatility (0.42%) compared to AFLIX (0.38%). In terms of maximum drawdown, BGCIX dropped -10.37% vs AFLIX's -9.43%.

AFLIX currently has the higher Sharpe Ratio (3.50 vs 3.34), 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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