BSIIX vs. VTEB
Compare and contrast key facts about BlackRock Strategic Income Opportunities Fund Class I (BSIIX) and Vanguard Tax-Exempt Bond ETF (VTEB).
BSIIX is managed by Blackrock. It was launched on Feb 5, 2008. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSIIX or VTEB.
Key characteristics
| BSIIX | VTEB | |
|---|---|---|
| YTD Return | 0.98% | -0.37% |
| 1Y Return | 6.43% | 3.11% |
| 3Y Return (Ann) | 0.88% | -0.59% |
| 5Y Return (Ann) | 2.99% | 1.32% |
| Sharpe Ratio | 1.80 | 0.73 |
| Daily Std Dev | 3.62% | 4.28% |
| Max Drawdown | -18.76% | -17.00% |
| Current Drawdown | 0.00% | -3.13% |
Correlation
The correlation between BSIIX and VTEB is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BSIIX vs. VTEB - Performance Comparison
In the year-to-date period, BSIIX achieves a 0.98% return, which is significantly higher than VTEB's -0.37% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BSIIX vs. VTEB - Expense Ratio Comparison
BSIIX has a 0.69% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Risk-Adjusted Performance
BSIIX vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Strategic Income Opportunities Fund Class I (BSIIX) and Vanguard Tax-Exempt Bond ETF (VTEB). 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.
Dividends
BSIIX vs. VTEB - Dividend Comparison
BSIIX's dividend yield for the trailing twelve months is around 4.53%, more than VTEB's 2.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSIIX BlackRock Strategic Income Opportunities Fund Class I | 4.53% | 4.44% | 4.16% | 3.16% | 2.89% | 3.38% | 3.30% | 3.47% | 2.92% | 3.19% | 4.39% | 2.63% |
VTEB Vanguard Tax-Exempt Bond ETF | 2.95% | 2.79% | 2.09% | 1.64% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% | 0.00% |
Drawdowns
BSIIX vs. VTEB - Drawdown Comparison
The maximum BSIIX drawdown since its inception was -18.76%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for BSIIX and VTEB. For additional features, visit the drawdowns tool.
Volatility
BSIIX vs. VTEB - Volatility Comparison
BlackRock Strategic Income Opportunities Fund Class I (BSIIX) and Vanguard Tax-Exempt Bond ETF (VTEB) have volatilities of 0.72% and 0.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.