BSIIX vs. BCSKX
BSIIX (BlackRock Strategic Income Opportunities Fund Class I) and BCSKX (BlackRock Commodity Strategies Fund Class K) are both mutual funds - BSIIX is a Total Bond Market fund managed by BlackRock, while BCSKX is a Commodities fund tracking the Bloomberg Commodity Index Total Return. Over the past 5 years, BSIIX returned 2.73%/yr vs 11.77%/yr for BCSKX. Their 0.20 correlation means their historical movements had little consistent relationship. BSIIX charges 0.69%/yr vs 0.67%/yr for BCSKX.
Performance
BSIIX vs. BCSKX - 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 BCSKX's 17.14% 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%
BCSKX
- 1D
- -0.65%
- 1M
- 6.08%
- 6M
- 8.16%
- YTD
- 17.14%
- 1Y
- 36.64%
- 3Y*
- 15.18%
- 5Y*
- 11.77%
- 10Y*
- —
- ALL TIME*
- 10.54%
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. BCSKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BSIIX BlackRock Strategic Income Opportunities Fund Class I | 0.93% | 8.59% | 5.22% | 6.18% | -6.14% | 0.80% | 7.22% | 7.65% | -1.70% |
BCSKX BlackRock Commodity Strategies Fund Class K | 17.14% | 28.88% | 4.44% | -4.27% | 11.95% | 22.49% | 6.84% | 3.89% | 2.06% |
Correlation
The correlation between BSIIX and BCSKX is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2018 | 0.20 |
The correlation between BSIIX and BCSKX shifts across timeframes, from -0.02 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BSIIX vs. BCSKX — Risk / Return Rank
BSIIX
BCSKX
BSIIX vs. BCSKX - 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 Commodity Strategies Fund Class K (BCSKX). 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 | BCSKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.41 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 3.11 | -1.50 |
| Martin ratioReturn relative to average drawdown | 5.86 | 10.37 | -4.51 |
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Drawdowns
BSIIX vs. BCSKX - Drawdown Comparison
The maximum BSIIX drawdown since its inception was -18.76%, smaller than the maximum BCSKX drawdown of -30.34%. Use the drawdown chart below to compare losses from any high point for BSIIX and BCSKX.
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Drawdown Indicators
| BSIIX | BCSKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.76% | -30.34% | +11.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -11.62% | +8.78% |
Max Drawdown (3Y)Largest decline over 3 years | -2.84% | -11.62% | +8.78% |
Max Drawdown (5Y)Largest decline over 5 years | -9.13% | -22.34% | +13.21% |
Max Drawdown (10Y)Largest decline over 10 years | -9.91% | — | — |
Current DrawdownCurrent decline from peak | -1.35% | -5.34% | +3.99% |
Average DrawdownAverage peak-to-trough decline | -1.80% | -6.57% | +4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 3.48% | -2.70% |
Volatility
BSIIX vs. BCSKX - Volatility Comparison
The current volatility for BlackRock Strategic Income Opportunities Fund Class I (BSIIX) is 0.69%, while BlackRock Commodity Strategies Fund Class K (BCSKX) has a volatility of 3.28%. This indicates that BSIIX experiences smaller price fluctuations and is considered to be less risky than BCSKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSIIX | BCSKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 3.28% | -2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 2.44% | 11.68% | -9.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.99% | 15.02% | -12.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.03% | 15.71% | -12.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.15% | 15.01% | -11.86% |
BSIIX vs. BCSKX - Expense Ratio Comparison
BSIIX has a 0.69% expense ratio, which is higher than BCSKX's 0.67% expense ratio.
Dividends
BSIIX vs. BCSKX - Dividend Comparison
BSIIX's dividend yield for the trailing twelve months is around 4.83%, less than BCSKX's 14.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCSKX BlackRock Commodity Strategies Fund Class K | 14.63% | 3.13% | 3.66% | 9.45% | 9.11% | 2.72% | 0.84% | 2.08% | 2.02% | 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
BSIIX and BCSKX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCSKX has higher volatility (3.28%) compared to BSIIX (0.69%). In terms of maximum drawdown, BSIIX dropped -18.76% vs BCSKX's -30.34%.
BCSKX currently has the higher Sharpe Ratio (2.42 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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