BORAX vs. BSIIX
BORAX (CollegeAdvantage 529 Savings Plan - BlackRock Inflation Protected Bond Option) and BSIIX (BlackRock Strategic Income Opportunities Fund Class I) are both mutual funds - BORAX is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation Protected Securities (TIPS) Index (Series L), while BSIIX is a Total Bond Market fund managed by BlackRock. Over the past 5 years, BORAX returned -0.03%/yr vs 2.75%/yr for BSIIX. Their 0.59 correlation means they have sometimes moved together and sometimes differently. BORAX charges 1.48%/yr vs 0.69%/yr for BSIIX.
Performance
BORAX vs. BSIIX - Performance Comparison
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Returns By Period
In the year-to-date period, BORAX achieves a 0.40% return, which is significantly lower than BSIIX's 1.03% return.
BORAX
- 1D
- -0.07%
- 1M
- -0.53%
- 6M
- -0.20%
- YTD
- 0.40%
- 1Y
- 1.49%
- 3Y*
- 3.14%
- 5Y*
- -0.03%
- 10Y*
- —
- ALL TIME*
- 0.52%
BSIIX
- 1D
- 0.10%
- 1M
- -1.13%
- 6M
- 0.11%
- YTD
- 1.03%
- 1Y
- 4.24%
- 3Y*
- 6.24%
- 5Y*
- 2.75%
- 10Y*
- 3.60%
- ALL TIME*
- 3.91%
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 |
BORAX vs. BSIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BORAX CollegeAdvantage 529 Savings Plan - BlackRock Inflation Protected Bond Option | 0.40% | 6.40% | 1.30% | 3.58% | -11.83% | 3.96% |
BSIIX BlackRock Strategic Income Opportunities Fund Class I | 1.03% | 8.59% | 5.22% | 6.18% | -6.14% | 0.14% |
Correlation
The correlation between BORAX and BSIIX is 0.55, 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. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (All Time) Calculated using the full available price history since May 25, 2021 | 0.59 |
The correlation between BORAX and BSIIX shifts across timeframes, from 0.55 (1 year) to 0.67 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BORAX vs. BSIIX — Risk / Return Rank
BORAX
BSIIX
BORAX vs. BSIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CollegeAdvantage 529 Savings Plan - BlackRock Inflation Protected Bond Option (BORAX) and BlackRock Strategic Income Opportunities Fund Class I (BSIIX). 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.
| BORAX | BSIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.33 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.76 | -0.87 |
| Martin ratioReturn relative to average drawdown | 2.48 | 6.43 | -3.95 |
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Drawdowns
BORAX vs. BSIIX - Drawdown Comparison
The maximum BORAX drawdown since its inception was -14.39%, smaller than the maximum BSIIX drawdown of -18.76%. Use the drawdown chart below to compare losses from any high point for BORAX and BSIIX.
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Drawdown Indicators
| BORAX | BSIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.39% | -18.76% | +4.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.23% | -2.84% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -4.17% | -2.84% | -1.33% |
Max Drawdown (5Y)Largest decline over 5 years | -14.39% | -9.13% | -5.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.91% | — |
Current DrawdownCurrent decline from peak | -1.70% | -1.25% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -6.04% | -1.80% | -4.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.78% | +0.01% |
Volatility
BORAX vs. BSIIX - Volatility Comparison
CollegeAdvantage 529 Savings Plan - BlackRock Inflation Protected Bond Option (BORAX) has a higher volatility of 0.82% compared to BlackRock Strategic Income Opportunities Fund Class I (BSIIX) at 0.69%. This indicates that BORAX's price experiences larger fluctuations and is considered to be riskier than BSIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BORAX | BSIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 0.69% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.65% | 2.44% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.40% | 2.99% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.22% | 3.04% | +3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.15% | 3.15% | +3.00% |
BORAX vs. BSIIX - Expense Ratio Comparison
BORAX has a 1.48% expense ratio, which is higher than BSIIX's 0.69% expense ratio.
Dividends
BORAX vs. BSIIX - Dividend Comparison
BORAX has not paid dividends to shareholders, while BSIIX's dividend yield for the trailing twelve months is around 4.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BORAX CollegeAdvantage 529 Savings Plan - BlackRock Inflation Protected Bond Option | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BSIIX BlackRock Strategic Income Opportunities Fund Class I | 4.83% | 5.07% | 4.75% | 3.33% | 3.58% | 2.98% | 2.92% | 3.54% | 3.32% | 3.45% | 2.91% | 3.19% |
Frequently Asked Questions
BORAX and BSIIX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BORAX has higher volatility (0.82%) compared to BSIIX (0.69%). In terms of maximum drawdown, BORAX dropped -14.39% vs BSIIX's -18.76%.
BSIIX currently has the higher Sharpe Ratio (1.67 vs 0.58), 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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