BSIIX vs. SIFAX
BSIIX (BlackRock Strategic Income Opportunities Fund Institutional Shares) and SIFAX (SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund) are both mutual funds - BSIIX is a Total Bond Market fund actively managed by BlackRock, while SIFAX is a Diversified Portfolio fund managed by BlackRock. Over the past 10 years, BSIIX returned 3.64%/yr vs 3.55%/yr for SIFAX. Their 0.17 correlation means their historical movements had little consistent relationship. BSIIX charges 0.72%/yr vs 0.90%/yr for SIFAX.
Performance
BSIIX vs. SIFAX - Performance Comparison
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Returns By Period
In the year-to-date period, BSIIX achieves a 1.56% return, which is significantly lower than SIFAX's 7.95% return. Both investments have delivered pretty close results over the past 10 years, with BSIIX having a 3.64% annualized return and SIFAX not far behind at 3.55%.
BSIIX
- 1D
- 0.41%
- 1M
- -0.72%
- 6M
- 0.63%
- YTD
- 1.56%
- 1Y
- 4.56%
- 3Y*
- 6.58%
- 5Y*
- 2.83%
- 10Y*
- 3.64%
- ALL TIME*
- 3.94%
SIFAX
- 1D
- -0.35%
- 1M
- 1.79%
- 6M
- 3.64%
- YTD
- 7.95%
- 1Y
- 11.32%
- 3Y*
- 6.87%
- 5Y*
- 5.74%
- 10Y*
- 3.55%
- ALL TIME*
- 1.64%
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. SIFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSIIX BlackRock Strategic Income Opportunities Fund Institutional Shares | 1.56% | 8.59% | 5.22% | 6.18% | -6.14% | 0.80% | 7.22% | 7.65% | -0.42% | 4.89% |
SIFAX SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund | 7.95% | 7.82% | 4.08% | -1.74% | 8.48% | 10.83% | -1.59% | 5.68% | -3.64% | -1.96% |
Correlation
The correlation between BSIIX and SIFAX is -0.31, 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. | -0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.02 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.17 |
The correlation between BSIIX and SIFAX shifts across timeframes, from -0.31 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BSIIX vs. SIFAX — Risk / Return Rank
BSIIX
SIFAX
BSIIX vs. SIFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Strategic Income Opportunities Fund Institutional Shares (BSIIX) and SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX). 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 | SIFAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 2.52 | -0.91 |
| Martin ratioReturn relative to average drawdown | 5.83 | 8.53 | -2.70 |
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Drawdowns
BSIIX vs. SIFAX - Drawdown Comparison
The maximum BSIIX drawdown since its inception was -18.76%, smaller than the maximum SIFAX drawdown of -23.62%. Use the drawdown chart below to compare losses from any high point for BSIIX and SIFAX.
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Drawdown Indicators
| BSIIX | SIFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.76% | -23.62% | +4.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -4.47% | +1.63% |
Max Drawdown (3Y)Largest decline over 3 years | -2.84% | -4.47% | +1.63% |
Max Drawdown (5Y)Largest decline over 5 years | -9.13% | -8.32% | -0.81% |
Max Drawdown (10Y)Largest decline over 10 years | -9.91% | -13.64% | +3.73% |
Current DrawdownCurrent decline from peak | -0.73% | -1.95% | +1.22% |
Average DrawdownAverage peak-to-trough decline | -1.80% | -8.48% | +6.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 1.32% | -0.54% |
Volatility
BSIIX vs. SIFAX - Volatility Comparison
The current volatility for BlackRock Strategic Income Opportunities Fund Institutional Shares (BSIIX) is 0.86%, while SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) has a volatility of 1.79%. This indicates that BSIIX experiences smaller price fluctuations and is considered to be less risky than SIFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSIIX | SIFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 1.79% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 2.46% | 4.93% | -2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.98% | 5.77% | -2.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.04% | 5.65% | -2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.16% | 5.24% | -2.08% |
BSIIX vs. SIFAX - Expense Ratio Comparison
BSIIX has a 0.72% expense ratio, which is lower than SIFAX's 0.90% expense ratio.
Dividends
BSIIX vs. SIFAX - Dividend Comparison
BSIIX's dividend yield for the trailing twelve months is around 4.80%, more than SIFAX's 4.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSIIX BlackRock Strategic Income Opportunities Fund Institutional Shares | 4.80% | 5.07% | 4.75% | 3.33% | 3.58% | 2.98% | 2.92% | 3.54% | 3.32% | 3.45% | 2.91% | 3.19% |
SIFAX SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund | 4.22% | 4.55% | 3.25% | 3.82% | 11.90% | 7.89% | 1.45% | 1.49% | 1.90% | 1.39% | 1.15% | 0.48% |
Frequently Asked Questions
BSIIX and SIFAX have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIFAX has higher volatility (1.79%) compared to BSIIX (0.86%). In terms of maximum drawdown, BSIIX dropped -18.76% vs SIFAX's -23.62%.
SIFAX currently has the higher Sharpe Ratio (1.95 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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