BGSIX vs. ^NDX

Last updated Apr 1, 2026

Compare and contrast key facts about BlackRock Technology Opportunities Institutional (BGSIX) and NASDAQ 100 Index (^NDX).

BGSIX is managed by BlackRock. It was launched on May 15, 2000.

Performance

BGSIX vs. ^NDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Technology Opportunities Institutional (BGSIX) and NASDAQ 100 Index (^NDX). The values are adjusted to include any dividend payments, if applicable.

BGSIX vs. ^NDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BGSIX BlackRock Technology Opportunities Institutional	-10.51%	19.92%	40.31%	49.49%	-42.99%	8.45%	86.73%	44.23%	2.24%	49.89%
^NDX NASDAQ 100 Index	-5.98%	20.17%	24.88%	53.81%	-32.97%	26.63%	47.58%	37.96%	-1.04%	31.52%

Returns By Period

In the year-to-date period, BGSIX achieves a -10.51% return, which is significantly lower than ^NDX's -5.98% return. Over the past 10 years, BGSIX has outperformed ^NDX with an annualized return of 20.45%, while ^NDX has yielded a comparatively lower 18.01% annualized return.

BGSIX

• 1D: -1.97%
• 1M: -11.18%
• YTD: -10.51%
• 6M: -11.50%
• 1Y: 23.26%
• 3Y*: 23.32%
• 5Y*: 7.37%
• 10Y*: 20.45%

^NDX

• 1D: 3.43%
• 1M: -4.89%
• YTD: -5.98%
• 6M: -3.81%
• 1Y: 23.14%
• 3Y*: 21.67%
• 5Y*: 12.24%
• 10Y*: 18.01%

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

Return for Risk

BGSIX vs. ^NDX — Risk / Return Rank

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

BGSIX

BGSIX Risk / Return Rank: 37
BGSIX Sharpe Ratio Rank: 39
BGSIX Sortino Ratio Rank: 44
BGSIX Omega Ratio Rank: 40
BGSIX Calmar Ratio Rank: 36
BGSIX Martin Ratio Rank: 27

^NDX

^NDX Risk / Return Rank: 80
^NDX Sharpe Ratio Rank: 75
^NDX Sortino Ratio Rank: 82
^NDX Omega Ratio Rank: 80
^NDX Calmar Ratio Rank: 80
^NDX Martin Ratio Rank: 85

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.

BGSIX vs. ^NDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Technology Opportunities Institutional (BGSIX) and NASDAQ 100 Index (^NDX). 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.

	BGSIX	^NDX	Difference
Sharpe ratio Return per unit of total volatility	0.81	1.02	-0.21
Sortino ratio Return per unit of downside risk	1.29	1.60	-0.31
Omega ratio Gain probability vs. loss probability	1.18	1.23	-0.05
Calmar ratio Return relative to maximum drawdown	0.97	1.82	-0.85
Martin ratio Return relative to average drawdown	2.93	6.70	-3.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BGSIX vs. ^NDX - Sharpe Ratio Comparison

The current BGSIX Sharpe Ratio is 0.81, which is comparable to the ^NDX Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of BGSIX and ^NDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BGSIX	^NDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	1.02	-0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.54	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	0.80	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.55	-0.16

Correlation

The correlation between BGSIX and ^NDX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

BGSIX vs. ^NDX - Drawdown Comparison

The maximum BGSIX drawdown since its inception was -73.48%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for BGSIX and ^NDX.

Drawdown Indicators

	BGSIX	^NDX	Difference
Max Drawdown Largest peak-to-trough decline	-73.48%	-82.90%	+9.42%
Max Drawdown (1Y) Largest decline over 1 year	-18.42%	-12.72%	-5.70%
Max Drawdown (5Y) Largest decline over 5 years	-49.11%	-35.56%	-13.55%
Max Drawdown (10Y) Largest decline over 10 years	-49.11%	-35.56%	-13.55%
Current Drawdown Current decline from peak	-18.42%	-9.11%	-9.31%
Average Drawdown Average peak-to-trough decline	-25.57%	-24.72%	-0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.09%	3.45%	+2.64%

Volatility

BGSIX vs. ^NDX - Volatility Comparison

BlackRock Technology Opportunities Institutional (BGSIX) has a higher volatility of 9.62% compared to NASDAQ 100 Index (^NDX) at 6.57%. This indicates that BGSIX's price experiences larger fluctuations and is considered to be riskier than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGSIX	^NDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.62%	6.57%	+3.05%
Volatility (6M) Calculated over the trailing 6-month period	18.69%	12.88%	+5.81%
Volatility (1Y) Calculated over the trailing 1-year period	28.12%	22.75%	+5.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.36%	22.62%	+4.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.55%	22.48%	+3.07%