BGLYX vs. BACAX
BGLYX (Brookfield Global Listed Infrastructure Fund) and BACAX (BlackRock Energy Opportunities Fund) are both Energy Equities funds. Over the past 10 years, BGLYX returned 6.36%/yr vs 7.99%/yr for BACAX. A 0.58 correlation means they provide meaningful diversification when combined. BGLYX charges 1.00%/yr vs 1.32%/yr for BACAX.
Performance
BGLYX vs. BACAX - Performance Comparison
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Returns By Period
In the year-to-date period, BGLYX achieves a 12.51% return, which is significantly lower than BACAX's 27.19% return. Over the past 10 years, BGLYX has underperformed BACAX with an annualized return of 6.36%, while BACAX has yielded a comparatively higher 7.99% annualized return.
BGLYX
- 1D
- 0.23%
- 1M
- 1.31%
- 6M
- 12.31%
- YTD
- 12.51%
- 1Y
- 17.97%
- 3Y*
- 11.58%
- 5Y*
- 7.72%
- 10Y*
- 6.36%
BACAX
- 1D
- 2.72%
- 1M
- -0.62%
- 6M
- 23.21%
- YTD
- 27.19%
- 1Y
- 31.81%
- 3Y*
- 15.61%
- 5Y*
- 19.74%
- 10Y*
- 7.99%
BGLYX vs. BACAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGLYX Brookfield Global Listed Infrastructure Fund | 12.51% | 13.04% | 9.01% | 3.32% | -5.47% | 16.13% | -3.25% | 25.44% | -8.06% | 10.79% |
BACAX BlackRock Energy Opportunities Fund | 27.19% | 10.53% | 3.78% | 2.61% | 43.02% | 42.93% | -29.68% | 12.64% | -19.98% | 2.07% |
Correlation
The correlation between BGLYX and BACAX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2011 | 0.58 |
Over the past year, the correlation between BGLYX and BACAX has dropped to 0.27 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
BGLYX vs. BACAX — Risk / Return Rank
BGLYX
BACAX
BGLYX vs. BACAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Global Listed Infrastructure Fund (BGLYX) and BlackRock Energy Opportunities Fund (BACAX). 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.
| BGLYX | BACAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.29 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 2.33 | +0.62 |
| Martin ratioReturn relative to average drawdown | 8.84 | 7.03 | +1.81 |
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Drawdowns
BGLYX vs. BACAX - Drawdown Comparison
The maximum BGLYX drawdown since its inception was -36.54%, smaller than the maximum BACAX drawdown of -78.88%. Use the drawdown chart below to compare losses from any high point for BGLYX and BACAX.
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Drawdown Indicators
| BGLYX | BACAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.54% | -78.88% | +42.34% |
Max Drawdown (1Y)Largest decline over 1 year | -6.32% | -13.36% | +7.04% |
Max Drawdown (3Y)Largest decline over 3 years | -14.56% | -18.73% | +4.17% |
Max Drawdown (5Y)Largest decline over 5 years | -20.94% | -25.74% | +4.80% |
Max Drawdown (10Y)Largest decline over 10 years | -36.54% | -65.92% | +29.38% |
Current DrawdownCurrent decline from peak | -1.06% | -7.12% | +6.06% |
Average DrawdownAverage peak-to-trough decline | -7.81% | -34.15% | +26.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 4.44% | -2.34% |
Volatility
BGLYX vs. BACAX - Volatility Comparison
The current volatility for Brookfield Global Listed Infrastructure Fund (BGLYX) is 3.67%, while BlackRock Energy Opportunities Fund (BACAX) has a volatility of 6.52%. This indicates that BGLYX experiences smaller price fluctuations and is considered to be less risky than BACAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGLYX | BACAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 6.52% | -2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 8.97% | 14.66% | -5.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.91% | 17.74% | -6.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.60% | 23.50% | -9.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.56% | 27.15% | -11.59% |
BGLYX vs. BACAX - Expense Ratio Comparison
BGLYX has a 1.00% expense ratio, which is lower than BACAX's 1.32% expense ratio.
Dividends
BGLYX vs. BACAX - Dividend Comparison
BGLYX's dividend yield for the trailing twelve months is around 27.56%, more than BACAX's 1.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BACAX BlackRock Energy Opportunities Fund | 1.94% | 2.47% | 2.29% | 3.06% | 2.21% | 2.39% | 3.38% | 2.69% | 2.87% | 2.48% | 1.95% | 1.98% |
BGLYX Brookfield Global Listed Infrastructure Fund | 27.56% | 30.30% | 1.89% | 1.88% | 7.34% | 4.53% | 3.71% | 3.94% | 4.31% | 4.03% | 4.09% | 4.03% |
Frequently Asked Questions
BGLYX and BACAX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BACAX has higher volatility (6.52%) compared to BGLYX (3.67%). In terms of maximum drawdown, BGLYX dropped -36.54% vs BACAX's -78.88%.
BACAX currently has the higher Sharpe Ratio (1.76 vs 1.71), 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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