BLDIX vs. SGOV
BLDIX (BlackRock Managed Income Fund) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both funds - BLDIX is a Diversified Portfolio fund managed by BlackRock, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Over the past 5 years, BLDIX returned 3.43%/yr vs 3.54%/yr for SGOV. At a correlation of -0.00, they often move in opposite directions. BLDIX charges 0.41%/yr vs 0.09%/yr for SGOV.
Performance
BLDIX vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, BLDIX achieves a 2.15% return, which is significantly higher than SGOV's 1.51% return.
BLDIX
- 1D
- 0.00%
- 1M
- 1.09%
- YTD
- 2.15%
- 6M
- 2.37%
- 1Y
- 8.08%
- 3Y*
- 7.37%
- 5Y*
- 3.43%
- 10Y*
- 4.37%
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.51%
- 6M
- 1.80%
- 1Y
- 3.95%
- 3Y*
- 4.72%
- 5Y*
- 3.54%
- 10Y*
- —
BLDIX vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BLDIX BlackRock Managed Income Fund | 2.15% | 9.87% | 5.19% | 8.69% | -9.88% | 5.26% | 8.13% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.51% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.05% |
Correlation
The correlation between BLDIX and SGOV is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since May 29, 2020 | -0.00 |
The correlation between BLDIX and SGOV shifts across timeframes, from -0.14 (1 year) to 0.01 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BLDIX vs. SGOV — Risk / Return Rank
BLDIX
SGOV
BLDIX vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Managed Income Fund (BLDIX) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
| BLDIX | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.38 | ||
| Sortino ratioReturn per unit of downside risk | -272.86 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 195.55 | -194.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 398.20 | -396.10 |
| Martin ratioReturn relative to average drawdown | 8.78 | 4,462.00 | -4,453.22 |
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
| BLDIX | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 20.28 | -18.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 14.73 | -14.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 12.48 | -11.80 |
Drawdowns
BLDIX vs. SGOV - Drawdown Comparison
The maximum BLDIX drawdown since its inception was -14.47%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for BLDIX and SGOV.
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Drawdown Indicators
| BLDIX | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.47% | -0.03% | -14.44% |
Max Drawdown (1Y)Largest decline over 1 year | -3.87% | -0.01% | -3.86% |
Max Drawdown (3Y)Largest decline over 3 years | -5.03% | -0.01% | -5.02% |
Max Drawdown (5Y)Largest decline over 5 years | -14.17% | -0.03% | -14.14% |
Max Drawdown (10Y)Largest decline over 10 years | -14.33% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | 0.00% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -2.81% | -0.00% | -2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.00% | +0.92% |
Volatility
BLDIX vs. SGOV - Volatility Comparison
BlackRock Managed Income Fund (BLDIX) has a higher volatility of 1.57% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that BLDIX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLDIX | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 0.05% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 3.36% | 0.13% | +3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.29% | 0.20% | +4.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.31% | 0.24% | +5.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.58% | 0.24% | +5.34% |
BLDIX vs. SGOV - Expense Ratio Comparison
BLDIX has a 0.41% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
BLDIX vs. SGOV - Dividend Comparison
BLDIX's dividend yield for the trailing twelve months is around 5.45%, more than SGOV's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLDIX BlackRock Managed Income Fund | 5.45% | 5.46% | 5.76% | 3.55% | 3.86% | 4.87% | 3.53% | 3.87% | 4.27% | 4.48% | 4.15% | 2.87% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.86% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BLDIX and SGOV have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BLDIX has higher volatility (1.57%) compared to SGOV (0.05%). In terms of maximum drawdown, BLDIX dropped -14.47% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.28 vs 1.89), 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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