BGCIX vs. QFITX

Last updated Jun 3, 2026

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 3.27%/yr vs -1.40%/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

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

Returns By Period

In the year-to-date period, BGCIX achieves a 1.33% return, which is significantly higher than QFITX's -4.10% return.

BGCIX

• 1D: 0.00%
• 1M: 0.66%
• YTD: 1.33%
• 6M: 1.74%
• 1Y: 4.81%
• 3Y*: 7.26%
• 5Y*: 3.27%
• 10Y*: 4.22%

QFITX

• 1D: -0.18%
• 1M: -1.75%
• YTD: -4.10%
• 6M: -5.33%
• 1Y: -5.47%
• 3Y*: -5.96%
• 5Y*: -1.40%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BGCIX vs. QFITX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BGCIX BlackRock Global Long/Short Credit Fund	1.33%	6.55%	8.47%	8.87%	-8.02%	3.48%	10.71%	1.50%
QFITX Quantified Tactical Fixed Income Fund	-4.10%	-7.64%	-1.03%	-6.54%	-22.87%	36.77%	10.36%	2.31%

Correlation

The correlation between BGCIX and QFITX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
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 19, 2019	0.05

Over the past year, BGCIX and QFITX have become more correlated (0.25) than their long-term average of 0.05, meaning their price movements have been converging.

Return for Risk

BGCIX vs. QFITX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BGCIX

BGCIX Risk / Return Rank: 95
BGCIX Sharpe Ratio Rank: 96
BGCIX Sortino Ratio Rank: 98
BGCIX Omega Ratio Rank: 97
BGCIX Calmar Ratio Rank: 92
BGCIX Martin Ratio Rank: 94

QFITX

QFITX Risk / Return Rank: 1
QFITX Sharpe Ratio Rank: 1
QFITX Sortino Ratio Rank: 1
QFITX Omega Ratio Rank: 1
QFITX Calmar Ratio Rank: 1
QFITX Martin Ratio Rank: 0

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. 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.

	BGCIX	QFITX	Difference
Sharpe ratio Return per unit of total volatility	3.56	-1.00	+4.56
Sortino ratio Return per unit of downside risk	6.18	-1.33	+7.52
Omega ratio Gain probability vs. loss probability	1.99	0.83	+1.16
Calmar ratio Return relative to maximum drawdown	4.98	-0.63	+5.61
Martin ratio Return relative to average drawdown	20.98	-1.42	+22.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BGCIX vs. QFITX - Sharpe Ratio Comparison

The current BGCIX Sharpe Ratio is 3.56, which is higher than the QFITX Sharpe Ratio of -1.00. The chart below compares the historical Sharpe Ratios of BGCIX and QFITX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BGCIX	QFITX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.56	-1.00	+4.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.73	-0.07	+1.80
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	-0.02	+1.36

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.

Drawdown Indicators

	BGCIX	QFITX	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	0.00%	-37.36%	+37.36%
Average Drawdown Average peak-to-trough decline	-1.27%	-19.27%	+18.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.23%	3.87%	-3.64%

Volatility

BGCIX vs. QFITX - Volatility Comparison

The current volatility for BlackRock Global Long/Short Credit Fund (BGCIX) is 0.40%, while Quantified Tactical Fixed Income Fund (QFITX) has a volatility of 1.60%. 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.

Volatility by Period

	BGCIX	QFITX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.40%	1.60%	-1.20%
Volatility (6M) Calculated over the trailing 6-month period	0.98%	4.16%	-3.18%
Volatility (1Y) Calculated over the trailing 1-year period	1.36%	5.48%	-4.12%
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%	20.27%	-17.12%

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 5.75%, less than QFITX's 13.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGCIX BlackRock Global Long/Short Credit Fund	5.75%	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	13.26%	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

Can I hold both BGCIX and QFITX in my portfolio?

BGCIX and QFITX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BGCIX or QFITX?

QFITX has higher volatility (1.60%) compared to BGCIX (0.40%). In terms of maximum drawdown, BGCIX dropped -10.37% vs QFITX's -38.03%.

Which has better risk-adjusted returns?

BGCIX currently has the higher Sharpe Ratio (3.56 vs -1.00), 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.