BSIIX vs. BACAX
BSIIX (BlackRock Strategic Income Opportunities Fund Class I) and BACAX (BlackRock Energy Opportunities Fund) are both mutual funds - BSIIX is a Total Bond Market fund managed by BlackRock, while BACAX is a Energy Equities fund managed by BlackRock. Over the past 10 years, BSIIX returned 3.60%/yr vs 9.18%/yr for BACAX. Their 0.13 correlation means their historical movements had little consistent relationship. BSIIX charges 0.69%/yr vs 1.32%/yr for BACAX.
Performance
BSIIX vs. BACAX - Performance Comparison
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Returns By Period
In the year-to-date period, BSIIX achieves a 0.93% return, which is significantly lower than BACAX's 33.75% return. Over the past 10 years, BSIIX has underperformed BACAX with an annualized return of 3.60%, while BACAX has yielded a comparatively higher 9.18% annualized return.
BSIIX
- 1D
- -0.10%
- 1M
- -1.23%
- 6M
- 0.10%
- YTD
- 0.93%
- 1Y
- 4.13%
- 3Y*
- 6.32%
- 5Y*
- 2.73%
- 10Y*
- 3.60%
- ALL TIME*
- 3.90%
BACAX
- 1D
- 0.71%
- 1M
- 11.65%
- 6M
- 20.68%
- YTD
- 33.75%
- 1Y
- 42.22%
- 3Y*
- 15.51%
- 5Y*
- 21.53%
- 10Y*
- 9.18%
- ALL TIME*
- 5.65%
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 |
BSIIX vs. BACAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSIIX BlackRock Strategic Income Opportunities Fund Class I | 0.93% | 8.59% | 5.22% | 6.18% | -6.14% | 0.80% | 7.22% | 7.65% | -0.42% | 4.89% |
BACAX BlackRock Energy Opportunities Fund | 33.75% | 10.53% | 3.78% | 2.61% | 43.02% | 42.93% | -29.68% | 12.64% | -19.98% | 2.07% |
Correlation
The correlation between BSIIX and BACAX is -0.30, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.30 |
Correlation (3Y) Balances recent behavior with more history. | -0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.03 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2008 | 0.13 |
The correlation between BSIIX and BACAX shifts across timeframes, from -0.30 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BSIIX vs. BACAX — Risk / Return Rank
BSIIX
BACAX
BSIIX vs. BACAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Strategic Income Opportunities Fund Class I (BSIIX) and BlackRock Energy Opportunities Fund (BACAX). 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.
| BSIIX | BACAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 3.06 | -1.44 |
| Martin ratioReturn relative to average drawdown | 5.86 | 9.08 | -3.22 |
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Drawdowns
BSIIX vs. BACAX - Drawdown Comparison
The maximum BSIIX drawdown since its inception was -18.76%, smaller than the maximum BACAX drawdown of -78.88%. Use the drawdown chart below to compare losses from any high point for BSIIX and BACAX.
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Drawdown Indicators
| BSIIX | BACAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.76% | -78.88% | +60.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -13.36% | +10.52% |
Max Drawdown (3Y)Largest decline over 3 years | -2.84% | -18.73% | +15.89% |
Max Drawdown (5Y)Largest decline over 5 years | -9.13% | -25.74% | +16.61% |
Max Drawdown (10Y)Largest decline over 10 years | -9.91% | -65.92% | +56.01% |
Current DrawdownCurrent decline from peak | -1.35% | -2.33% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -1.80% | -34.07% | +32.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 4.50% | -3.72% |
Volatility
BSIIX vs. BACAX - Volatility Comparison
The current volatility for BlackRock Strategic Income Opportunities Fund Class I (BSIIX) is 0.69%, while BlackRock Energy Opportunities Fund (BACAX) has a volatility of 5.78%. This indicates that BSIIX experiences smaller price fluctuations and is considered to be less risky than BACAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSIIX | BACAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 5.78% | -5.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.44% | 14.79% | -12.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.99% | 17.98% | -14.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.03% | 23.36% | -20.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.15% | 27.14% | -23.99% |
BSIIX vs. BACAX - Expense Ratio Comparison
BSIIX has a 0.69% expense ratio, which is lower than BACAX's 1.32% expense ratio.
Dividends
BSIIX vs. BACAX - Dividend Comparison
BSIIX's dividend yield for the trailing twelve months is around 4.83%, more than BACAX's 1.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BACAX BlackRock Energy Opportunities Fund | 1.76% | 2.47% | 2.29% | 3.06% | 2.21% | 2.39% | 3.38% | 2.69% | 2.87% | 2.48% | 1.95% | 1.98% |
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
BSIIX and BACAX have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BACAX has higher volatility (5.78%) compared to BSIIX (0.69%). In terms of maximum drawdown, BSIIX dropped -18.76% vs BACAX's -78.88%.
BACAX currently has the higher Sharpe Ratio (2.27 vs 1.54), 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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