BIRDX vs. ASFYX
BIRDX (iShares Developed Real Estate Index Fund) and ASFYX (AlphaSimplex Managed Futures Strategy Fund Class Y) are both mutual funds - BIRDX is a REIT fund managed by BlackRock, while ASFYX is a Systematic Trend fund managed by BlackRock. Over the past 10 years, BIRDX returned 3.67%/yr vs 2.90%/yr for ASFYX. At a 0.06 correlation, their price movements are largely independent. BIRDX charges 0.19%/yr vs 1.47%/yr for ASFYX.
Performance
BIRDX vs. ASFYX - Performance Comparison
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Returns By Period
In the year-to-date period, BIRDX achieves a 7.89% return, which is significantly lower than ASFYX's 14.34% return. Over the past 10 years, BIRDX has outperformed ASFYX with an annualized return of 3.67%, while ASFYX has yielded a comparatively lower 2.90% annualized return.
BIRDX
- 1D
- 0.92%
- 1M
- -3.00%
- YTD
- 7.89%
- 6M
- 8.25%
- 1Y
- 12.77%
- 3Y*
- 9.85%
- 5Y*
- 1.65%
- 10Y*
- 3.67%
ASFYX
- 1D
- -0.78%
- 1M
- 1.37%
- YTD
- 14.34%
- 6M
- 16.70%
- 1Y
- 25.15%
- 3Y*
- -1.76%
- 5Y*
- 2.68%
- 10Y*
- 2.90%
BIRDX vs. ASFYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIRDX iShares Developed Real Estate Index Fund | 7.89% | 10.27% | 1.49% | 10.38% | -24.68% | 26.90% | -8.24% | 22.33% | -4.80% | 7.56% |
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | 14.34% | -9.67% | -3.22% | -10.33% | 35.67% | 3.52% | 13.59% | 8.99% | -12.59% | 6.78% |
Correlation
The correlation between BIRDX and ASFYX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.06 |
The correlation between BIRDX and ASFYX shifts across timeframes, from -0.01 (5 years) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BIRDX vs. ASFYX — Risk / Return Rank
BIRDX
ASFYX
BIRDX vs. ASFYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Developed Real Estate Index Fund (BIRDX) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX). 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.
| BIRDX | ASFYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.38 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 4.79 | -3.53 |
| Martin ratioReturn relative to average drawdown | 4.71 | 17.23 | -12.52 |
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
| BIRDX | ASFYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 2.13 | -1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.20 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.23 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.34 | -0.12 |
Drawdowns
BIRDX vs. ASFYX - Drawdown Comparison
The maximum BIRDX drawdown since its inception was -43.03%, which is greater than ASFYX's maximum drawdown of -36.43%. Use the drawdown chart below to compare losses from any high point for BIRDX and ASFYX.
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Drawdown Indicators
| BIRDX | ASFYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.03% | -36.43% | -6.60% |
Max Drawdown (1Y)Largest decline over 1 year | -10.04% | -5.24% | -4.80% |
Max Drawdown (3Y)Largest decline over 3 years | -27.40% | -30.32% | +2.92% |
Max Drawdown (5Y)Largest decline over 5 years | -32.54% | -36.43% | +3.89% |
Max Drawdown (10Y)Largest decline over 10 years | -43.03% | -36.43% | -6.60% |
Current DrawdownCurrent decline from peak | -5.78% | -18.87% | +13.09% |
Average DrawdownAverage peak-to-trough decline | -10.85% | -13.18% | +2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 1.45% | +1.24% |
Volatility
BIRDX vs. ASFYX - Volatility Comparison
iShares Developed Real Estate Index Fund (BIRDX) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) have volatilities of 3.73% and 3.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIRDX | ASFYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 3.75% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 8.96% | 9.57% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.89% | 11.78% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.28% | 13.76% | +5.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.09% | 12.71% | +6.38% |
BIRDX vs. ASFYX - Expense Ratio Comparison
BIRDX has a 0.19% expense ratio, which is lower than ASFYX's 1.47% expense ratio.
Dividends
BIRDX vs. ASFYX - Dividend Comparison
BIRDX's dividend yield for the trailing twelve months is around 6.59%, more than ASFYX's 1.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | 1.33% | 1.52% | 1.46% | 0.99% | 32.48% | 6.07% | 3.40% | 5.51% | 1.30% | 0.07% | 0.01% | 5.06% |
BIRDX iShares Developed Real Estate Index Fund | 6.59% | 6.84% | 23.69% | 2.99% | 1.24% | 4.18% | 1.91% | 6.67% | 4.18% | 1.70% | 2.24% | 0.00% |
Frequently Asked Questions
BIRDX and ASFYX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASFYX has higher volatility (3.75%) compared to BIRDX (3.73%). In terms of maximum drawdown, BIRDX dropped -43.03% vs ASFYX's -36.43%.
ASFYX currently has the higher Sharpe Ratio (2.13 vs 1.07), 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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