BICSX vs. LCSIX
BICSX (BlackRock Commodity Strategies Portfolio) and LCSIX (LoCorr Long/Short Commodity Strategies Fund) are both mutual funds - BICSX is a Commodities fund managed by BlackRock, while LCSIX is a Systematic Trend fund managed by LoCorr. Over the past 10 years, BICSX returned 8.97%/yr vs 2.51%/yr for LCSIX. Their 0.05 correlation means their historical movements had little consistent relationship. BICSX charges 0.72%/yr vs 1.75%/yr for LCSIX.
Performance
BICSX vs. LCSIX - Performance Comparison
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Returns By Period
In the year-to-date period, BICSX achieves a 17.90% return, which is significantly higher than LCSIX's 0.93% return. Over the past 10 years, BICSX has outperformed LCSIX with an annualized return of 8.97%, while LCSIX has yielded a comparatively lower 2.51% annualized return.
BICSX
- 1D
- 0.47%
- 1M
- 6.76%
- 6M
- 6.39%
- YTD
- 17.90%
- 1Y
- 37.35%
- 3Y*
- 14.99%
- 5Y*
- 11.87%
- 10Y*
- 8.97%
- ALL TIME*
- 3.96%
LCSIX
- 1D
- 0.12%
- 1M
- -0.23%
- 6M
- -3.87%
- YTD
- 0.93%
- 1Y
- 0.01%
- 3Y*
- -2.29%
- 5Y*
- 0.34%
- 10Y*
- 2.51%
- ALL TIME*
- 3.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BICSX vs. LCSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BICSX BlackRock Commodity Strategies Portfolio | 17.90% | 28.70% | 4.38% | -4.32% | 11.90% | 22.44% | 6.80% | 11.60% | -14.50% | 8.28% |
LCSIX LoCorr Long/Short Commodity Strategies Fund | 0.93% | 1.13% | -8.29% | -3.07% | 6.04% | 14.90% | 9.90% | -5.97% | 15.16% | 6.19% |
Correlation
The correlation between BICSX and LCSIX is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.41 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.41 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2012 | 0.05 |
Over the past year, BICSX and LCSIX have become more correlated (0.35) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
BICSX vs. LCSIX — Risk / Return Rank
BICSX
LCSIX
BICSX vs. LCSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Commodity Strategies Portfolio (BICSX) and LoCorr Long/Short Commodity Strategies Fund (LCSIX). 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.
| BICSX | LCSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.47 | ||
| Sortino ratioReturn per unit of downside risk | +3.10 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.98 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | -0.18 | +3.18 |
| Martin ratioReturn relative to average drawdown | 10.08 | -0.38 | +10.47 |
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Drawdowns
BICSX vs. LCSIX - Drawdown Comparison
The maximum BICSX drawdown since its inception was -51.59%, which is greater than LCSIX's maximum drawdown of -25.13%. Use the drawdown chart below to compare losses from any high point for BICSX and LCSIX.
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Drawdown Indicators
| BICSX | LCSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.59% | -25.13% | -26.46% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -4.97% | -6.74% |
Max Drawdown (3Y)Largest decline over 3 years | -11.71% | -11.60% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -22.35% | -13.21% | -9.14% |
Max Drawdown (10Y)Largest decline over 10 years | -35.82% | -13.21% | -22.61% |
Current DrawdownCurrent decline from peak | -4.74% | -10.39% | +5.65% |
Average DrawdownAverage peak-to-trough decline | -20.38% | -6.41% | -13.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 2.33% | +1.15% |
Volatility
BICSX vs. LCSIX - Volatility Comparison
BlackRock Commodity Strategies Portfolio (BICSX) has a higher volatility of 3.20% compared to LoCorr Long/Short Commodity Strategies Fund (LCSIX) at 1.92%. This indicates that BICSX's price experiences larger fluctuations and is considered to be riskier than LCSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BICSX | LCSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 1.92% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 11.74% | 4.27% | +7.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.19% | 6.06% | +9.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.74% | 5.54% | +10.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.02% | 6.66% | +8.36% |
BICSX vs. LCSIX - Expense Ratio Comparison
BICSX has a 0.72% expense ratio, which is lower than LCSIX's 1.75% expense ratio.
Dividends
BICSX vs. LCSIX - Dividend Comparison
BICSX's dividend yield for the trailing twelve months is around 14.51%, more than LCSIX's 2.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BICSX BlackRock Commodity Strategies Portfolio | 14.51% | 3.09% | 3.60% | 9.39% | 9.05% | 2.68% | 0.80% | 2.03% | 2.12% | 0.65% | 0.94% | 0.00% |
LCSIX LoCorr Long/Short Commodity Strategies Fund | 2.30% | 2.32% | 2.75% | 1.88% | 10.75% | 7.14% | 2.94% | 0.54% | 12.36% | 0.02% | 3.21% | 7.36% |
Frequently Asked Questions
BICSX and LCSIX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BICSX has higher volatility (3.20%) compared to LCSIX (1.92%). In terms of maximum drawdown, BICSX dropped -51.59% vs LCSIX's -25.13%.
BICSX currently has the higher Sharpe Ratio (2.32 vs -0.15), 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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