BGCIX vs. QFITX
BGCIX (BlackRock Global Long/Short Credit Fund) and QFITX (Quantified Tactical Fixed Income Fund) are both Nontraditional Bonds funds. Over the past 5 years, BGCIX returned 3.23%/yr vs -1.30%/yr for QFITX. At a 0.05 correlation, their price movements are largely independent. BGCIX charges 1.12%/yr vs 1.56%/yr for QFITX.
Performance
BGCIX vs. QFITX - Performance Comparison
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Returns By Period
In the year-to-date period, BGCIX achieves a 1.44% return, which is significantly higher than QFITX's -4.59% return.
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%
QFITX
- 1D
- 0.00%
- 1M
- -0.51%
- YTD
- -4.59%
- 6M
- -4.52%
- 1Y
- -6.65%
- 3Y*
- -6.12%
- 5Y*
- -1.30%
- 10Y*
- —
BGCIX vs. QFITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BGCIX BlackRock Global Long/Short Credit Fund | 1.44% | 6.55% | 8.47% | 8.87% | -8.02% | 3.48% | 10.71% | 1.50% |
QFITX Quantified Tactical Fixed Income Fund | -4.59% | -7.64% | -1.03% | -6.54% | -22.87% | 36.77% | 10.36% | 2.31% |
Correlation
The correlation between BGCIX and QFITX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2019 | 0.05 |
The correlation between BGCIX and QFITX shifts across timeframes, from 0.05 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BGCIX vs. QFITX — Risk / Return Rank
BGCIX
QFITX
BGCIX vs. QFITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Long/Short Credit Fund (BGCIX) and Quantified Tactical Fixed Income Fund (QFITX). 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.
| BGCIX | QFITX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.47 | ||
| Sortino ratioReturn per unit of downside risk | +7.28 | ||
| Omega ratioGain probability vs. loss probability | 1.91 | 0.81 | +1.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.65 | -0.71 | +5.36 |
| Martin ratioReturn relative to average drawdown | 19.56 | -1.46 | +21.02 |
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Drawdowns
BGCIX vs. QFITX - Drawdown Comparison
The maximum BGCIX drawdown since its inception was -10.37%, smaller than the maximum QFITX drawdown of -38.03%. Use the drawdown chart below to compare losses from any high point for BGCIX and QFITX.
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Drawdown Indicators
| BGCIX | QFITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.37% | -38.03% | +27.66% |
Max Drawdown (1Y)Largest decline over 1 year | -0.99% | -8.67% | +7.68% |
Max Drawdown (3Y)Largest decline over 3 years | -2.18% | -20.64% | +18.46% |
Max Drawdown (5Y)Largest decline over 5 years | -9.78% | -38.03% | +28.25% |
Max Drawdown (10Y)Largest decline over 10 years | -10.37% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -37.67% | +37.56% |
Average DrawdownAverage peak-to-trough decline | -1.27% | -19.36% | +18.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 4.18% | -3.94% |
Volatility
BGCIX vs. QFITX - Volatility Comparison
The current volatility for BlackRock Global Long/Short Credit Fund (BGCIX) is 0.42%, while Quantified Tactical Fixed Income Fund (QFITX) has a volatility of 1.10%. This indicates that BGCIX experiences smaller price fluctuations and is considered to be less risky than QFITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGCIX | QFITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.42% | 1.10% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 1.00% | 4.18% | -3.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.38% | 5.45% | -4.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.90% | 21.20% | -19.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.15% | 20.20% | -17.05% |
BGCIX vs. QFITX - Expense Ratio Comparison
BGCIX has a 1.12% expense ratio, which is lower than QFITX's 1.56% expense ratio.
Dividends
BGCIX vs. QFITX - Dividend Comparison
BGCIX's dividend yield for the trailing twelve months is around 5.74%, less than QFITX's 16.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
QFITX Quantified Tactical Fixed Income Fund | 16.08% | 12.72% | 3.70% | 0.08% | 0.15% | 29.15% | 2.12% | 4.28% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BGCIX and QFITX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QFITX has higher volatility (1.10%) compared to BGCIX (0.42%). In terms of maximum drawdown, BGCIX dropped -10.37% vs QFITX's -38.03%.
BGCIX currently has the higher Sharpe Ratio (3.34 vs -1.13), 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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