BGSIX vs. SOXX
BGSIX (BlackRock Technology Opportunities Institutional) and SOXX (iShares Semiconductor ETF) are both funds - BGSIX is a Technology Equities fund managed by BlackRock, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Over the past 10 years, BGSIX returned 26.12%/yr vs 35.79%/yr for SOXX. Their correlation of 0.85 suggests significant overlap in exposure. BGSIX charges 0.93%/yr vs 0.34%/yr for SOXX.
Performance
BGSIX vs. SOXX - Performance Comparison
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Returns By Period
In the year-to-date period, BGSIX achieves a 44.14% return, which is significantly lower than SOXX's 104.57% return. Over the past 10 years, BGSIX has underperformed SOXX with an annualized return of 26.12%, while SOXX has yielded a comparatively higher 35.79% annualized return.
BGSIX
- 1D
- 1.14%
- 1M
- 21.29%
- YTD
- 44.14%
- 6M
- 42.37%
- 1Y
- 69.04%
- 3Y*
- 40.81%
- 5Y*
- 18.06%
- 10Y*
- 26.12%
SOXX
- 1D
- 1.76%
- 1M
- 33.25%
- YTD
- 104.57%
- 6M
- 99.43%
- 1Y
- 190.05%
- 3Y*
- 57.39%
- 5Y*
- 34.50%
- 10Y*
- 35.79%
BGSIX vs. SOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGSIX BlackRock Technology Opportunities Institutional | 44.14% | 19.92% | 40.31% | 49.49% | -42.99% | 8.45% | 86.73% | 44.23% | 2.24% | 49.89% |
SOXX iShares Semiconductor ETF | 104.57% | 40.74% | 12.92% | 67.12% | -35.09% | 44.09% | 52.72% | 62.42% | -6.49% | 39.79% |
Correlation
The correlation between BGSIX and SOXX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2001 | 0.85 |
The correlation between BGSIX and SOXX has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.
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Return for Risk
BGSIX vs. SOXX — Risk / Return Rank
BGSIX
SOXX
BGSIX vs. SOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Technology Opportunities Institutional (BGSIX) and iShares Semiconductor ETF (SOXX). 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 | SOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.74 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.84 | 12.13 | -8.29 |
| Martin ratioReturn relative to average drawdown | 11.55 | 46.43 | -34.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BGSIX | SOXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.86 | 5.61 | -2.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.96 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.01 | 1.07 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.45 | +0.02 |
Drawdowns
BGSIX vs. SOXX - Drawdown Comparison
The maximum BGSIX drawdown since its inception was -73.48%, roughly equal to the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for BGSIX and SOXX.
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Drawdown Indicators
| BGSIX | SOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.48% | -70.21% | -3.27% |
Max Drawdown (1Y)Largest decline over 1 year | -18.42% | -15.77% | -2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -27.73% | -41.36% | +13.63% |
Max Drawdown (5Y)Largest decline over 5 years | -49.11% | -45.75% | -3.36% |
Max Drawdown (10Y)Largest decline over 10 years | -49.11% | -45.75% | -3.36% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -25.42% | -19.97% | -5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.12% | 4.11% | +2.01% |
Volatility
BGSIX vs. SOXX - Volatility Comparison
The current volatility for BlackRock Technology Opportunities Institutional (BGSIX) is 9.07%, while iShares Semiconductor ETF (SOXX) has a volatility of 14.03%. This indicates that BGSIX experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGSIX | SOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.07% | 14.03% | -4.96% |
Volatility (6M)Calculated over the trailing 6-month period | 20.29% | 27.35% | -7.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.76% | 34.18% | -9.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.76% | 36.11% | -8.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.88% | 33.43% | -7.55% |
BGSIX vs. SOXX - Expense Ratio Comparison
BGSIX has a 0.93% expense ratio, which is higher than SOXX's 0.34% expense ratio.
Dividends
BGSIX vs. SOXX - Dividend Comparison
BGSIX's dividend yield for the trailing twelve months is around 8.43%, more than SOXX's 0.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGSIX BlackRock Technology Opportunities Institutional | 8.43% | 12.16% | 7.82% | 0.00% | 0.00% | 7.12% | 4.47% | 1.39% | 1.15% | 7.72% | 1.10% | 0.00% |
SOXX iShares Semiconductor ETF | 0.27% | 0.57% | 0.67% | 0.78% | 1.26% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% |
Frequently Asked Questions
BGSIX and SOXX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXX has higher volatility (14.03%) compared to BGSIX (9.07%). In terms of maximum drawdown, BGSIX dropped -73.48% vs SOXX's -70.21%.
SOXX currently has the higher Sharpe Ratio (5.61 vs 2.86), 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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