BMSIX vs. BND
BMSIX (BlackRock Income Fund) and BND (Vanguard Total Bond Market ETF) are both funds - BMSIX is a Multisector Bonds fund managed by BlackRock, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Over the past 10 years, BMSIX returned 3.64%/yr vs 1.40%/yr for BND. Their 0.45 correlation means their historical movements had little consistent relationship. BMSIX charges 0.62%/yr vs 0.03%/yr for BND.
Performance
BMSIX vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, BMSIX achieves a -0.13% return, which is significantly higher than BND's -0.30% return. Over the past 10 years, BMSIX has outperformed BND with an annualized return of 3.64%, while BND has yielded a comparatively lower 1.40% annualized return.
BMSIX
- 1D
- 0.00%
- 1M
- -0.78%
- 6M
- -0.33%
- YTD
- -0.13%
- 1Y
- 3.24%
- 3Y*
- 6.42%
- 5Y*
- 1.73%
- 10Y*
- 3.64%
- ALL TIME*
- 4.36%
BND
- 1D
- 0.24%
- 1M
- -0.97%
- 6M
- -0.42%
- YTD
- -0.30%
- 1Y
- 2.00%
- 3Y*
- 4.04%
- 5Y*
- -0.43%
- 10Y*
- 1.40%
- ALL TIME*
- 3.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $459.14M | $504.12M | $590.88M |
BMSIX vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BMSIX BlackRock Income Fund | -0.13% | 8.38% | 5.96% | 7.84% | -10.08% | -0.29% | 6.94% | 12.03% | -1.03% | 6.62% |
BND Vanguard Total Bond Market ETF | -0.30% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between BMSIX and BND is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2010 | 0.45 |
Over the past year, BMSIX and BND have become more correlated (0.70) than their long-term average of 0.45, meaning their price movements have been converging.
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Return for Risk
BMSIX vs. BND — Risk / Return Rank
BMSIX
BND
BMSIX vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Income Fund (BMSIX) and Vanguard Total Bond Market ETF (BND). 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.
| BMSIX | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.09 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 0.75 | +0.64 |
| Martin ratioReturn relative to average drawdown | 5.55 | 1.86 | +3.69 |
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Drawdowns
BMSIX vs. BND - Drawdown Comparison
The maximum BMSIX drawdown since its inception was -18.60%, roughly equal to the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for BMSIX and BND.
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Drawdown Indicators
| BMSIX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.60% | -18.58% | -0.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.51% | -2.68% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -2.58% | -4.81% | +2.23% |
Max Drawdown (5Y)Largest decline over 5 years | -16.52% | -17.81% | +1.29% |
Max Drawdown (10Y)Largest decline over 10 years | -18.60% | -18.58% | -0.02% |
Current DrawdownCurrent decline from peak | -0.89% | -2.92% | +2.03% |
Average DrawdownAverage peak-to-trough decline | -2.02% | -3.06% | +1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 1.07% | -0.44% |
Volatility
BMSIX vs. BND - Volatility Comparison
The current volatility for BlackRock Income Fund (BMSIX) is 0.61%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.02%. This indicates that BMSIX experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMSIX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 1.02% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 2.38% | 2.91% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.87% | 3.61% | -0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.78% | 6.03% | -2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.14% | 5.53% | -1.39% |
BMSIX vs. BND - Expense Ratio Comparison
BMSIX has a 0.62% expense ratio, which is higher than BND's 0.03% expense ratio.
Dividends
BMSIX vs. BND - Dividend Comparison
BMSIX's dividend yield for the trailing twelve months is around 5.17%, more than BND's 4.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMSIX BlackRock Income Fund | 5.17% | 5.66% | 5.99% | 4.38% | 3.71% | 5.31% | 4.19% | 4.90% | 5.13% | 4.03% | 4.49% | 4.35% |
BND Vanguard Total Bond Market ETF | 4.04% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Frequently Asked Questions
BMSIX and BND have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BND has higher volatility (1.02%) compared to BMSIX (0.61%). In terms of maximum drawdown, BMSIX dropped -18.60% vs BND's -18.58%.
BMSIX currently has the higher Sharpe Ratio (1.23 vs 0.56), 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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