BGSAX vs. BAI
BGSAX (BlackRock Technology Opportunities Fund Investor A) and BAI (iShares A.I. Innovation and Tech Active ETF) are both Technology Equities funds. Over the past year, BGSAX returned 65.19% vs 86.14% for BAI. Their correlation of 0.93 suggests significant overlap in exposure. BGSAX charges 1.20%/yr vs 0.55%/yr for BAI.
Performance
BGSAX vs. BAI - Performance Comparison
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Returns By Period
In the year-to-date period, BGSAX achieves a 43.67% return, which is significantly lower than BAI's 49.94% return.
BGSAX
- 1D
- 0.07%
- 1M
- 9.19%
- YTD
- 43.67%
- 6M
- 42.15%
- 1Y
- 65.19%
- 3Y*
- 39.96%
- 5Y*
- 16.00%
- 10Y*
- 26.34%
BAI
- 1D
- -7.93%
- 1M
- 4.43%
- YTD
- 49.94%
- 6M
- 47.29%
- 1Y
- 86.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BGSAX vs. BAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BGSAX BlackRock Technology Opportunities Fund Investor A | 43.67% | 19.63% | 6.54% |
BAI iShares A.I. Innovation and Tech Active ETF | 49.94% | 25.22% | 8.89% |
Correlation
The correlation between BGSAX and BAI is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024 | 0.93 |
The correlation between BGSAX and BAI has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
BGSAX vs. BAI — Risk / Return Rank
BGSAX
BAI
BGSAX vs. BAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Technology Opportunities Fund Investor A (BGSAX) and iShares A.I. Innovation and Tech Active ETF (BAI). 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.
| BGSAX | BAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.37 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 5.34 | -1.68 |
| Martin ratioReturn relative to average drawdown | 10.67 | 14.08 | -3.42 |
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Drawdowns
BGSAX vs. BAI - Drawdown Comparison
The maximum BGSAX drawdown since its inception was -73.75%, which is greater than BAI's maximum drawdown of -34.09%. Use the drawdown chart below to compare losses from any high point for BGSAX and BAI.
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Drawdown Indicators
| BGSAX | BAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.75% | -34.09% | -39.66% |
Max Drawdown (1Y)Largest decline over 1 year | -18.49% | -16.22% | -2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -27.75% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -49.22% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -49.22% | — | — |
Current DrawdownCurrent decline from peak | -0.22% | -7.93% | +7.71% |
Average DrawdownAverage peak-to-trough decline | -26.33% | -6.87% | -19.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.32% | 6.14% | +0.18% |
Volatility
BGSAX vs. BAI - Volatility Comparison
The current volatility for BlackRock Technology Opportunities Fund Investor A (BGSAX) is 14.30%, while iShares A.I. Innovation and Tech Active ETF (BAI) has a volatility of 20.05%. This indicates that BGSAX experiences smaller price fluctuations and is considered to be less risky than BAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGSAX | BAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.30% | 20.05% | -5.75% |
Volatility (6M)Calculated over the trailing 6-month period | 23.64% | 31.41% | -7.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.91% | 37.30% | -9.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.33% | 37.40% | -9.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.20% | 37.40% | -11.20% |
BGSAX vs. BAI - Expense Ratio Comparison
BGSAX has a 1.20% expense ratio, which is higher than BAI's 0.55% expense ratio.
Dividends
BGSAX vs. BAI - Dividend Comparison
BGSAX's dividend yield for the trailing twelve months is around 9.43%, more than BAI's 1.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BAI iShares A.I. Innovation and Tech Active ETF | 1.19% | 1.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BGSAX BlackRock Technology Opportunities Fund Investor A | 9.43% | 13.55% | 8.68% | 0.00% | 0.00% | 7.66% | 4.86% | 1.50% | 1.24% | 8.01% | 1.17% |
Frequently Asked Questions
With a correlation of 0.94, BGSAX and BAI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BAI has higher volatility (20.05%) compared to BGSAX (14.30%). In terms of maximum drawdown, BGSAX dropped -73.75% vs BAI's -34.09%.
BGSAX currently has the higher Sharpe Ratio (2.43 vs 2.32), 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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