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.
Performance
BSIIX vs. VTEB - Performance Comparison
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BSIIX vs. VTEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSIIX BlackRock Strategic Income Opportunities Fund Class I | -0.96% | 8.59% | 5.22% | 6.18% | -6.14% | 0.80% | 7.22% | 7.65% | -0.42% | 4.89% |
VTEB Vanguard Tax-Exempt Bond ETF | -0.23% | 3.72% | 1.31% | 6.15% | -7.99% | 1.14% | 5.19% | 7.35% | 1.04% | 4.87% |
Returns By Period
In the year-to-date period, BSIIX achieves a -0.96% return, which is significantly lower than VTEB's -0.23% return. Over the past 10 years, BSIIX has outperformed VTEB with an annualized return of 3.62%, while VTEB has yielded a comparatively lower 2.06% annualized return.
BSIIX
- 1D
- 0.21%
- 1M
- -2.64%
- YTD
- -0.96%
- 6M
- 0.50%
- 1Y
- 5.73%
- 3Y*
- 5.74%
- 5Y*
- 2.54%
- 10Y*
- 3.62%
VTEB
- 1D
- 0.24%
- 1M
- -2.18%
- YTD
- -0.23%
- 6M
- 1.34%
- 1Y
- 3.99%
- 3Y*
- 2.67%
- 5Y*
- 0.82%
- 10Y*
- 2.06%
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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.
Return for Risk
BSIIX vs. VTEB — Risk / Return Rank
BSIIX
VTEB
BSIIX vs. VTEB - Risk-Adjusted Trends 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.
| BSIIX | VTEB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.10 | 1.00 | +1.09 |
Sortino ratioReturn per unit of downside risk | 3.06 | 1.27 | +1.79 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.23 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.20 | 1.20 | +1.00 |
Martin ratioReturn relative to average drawdown | 9.63 | 3.56 | +6.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BSIIX | VTEB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 1.00 | +1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.21 | +0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.17 | 0.39 | +0.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.28 | 0.45 | +0.83 |
Correlation
The correlation between BSIIX and VTEB is 0.39, 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.
Dividends
BSIIX vs. VTEB - Dividend Comparison
BSIIX's dividend yield for the trailing twelve months is around 4.79%, more than VTEB's 3.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSIIX BlackRock Strategic Income Opportunities Fund Class I | 4.79% | 5.07% | 4.75% | 3.33% | 3.58% | 2.98% | 2.92% | 3.54% | 3.32% | 3.45% | 2.91% | 3.19% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.36% | 3.29% | 3.14% | 2.79% | 2.09% | 1.64% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
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.
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Drawdown Indicators
| BSIIX | VTEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.76% | -17.00% | -1.76% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -3.45% | +0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -9.13% | -12.64% | +3.51% |
Max Drawdown (10Y)Largest decline over 10 years | -9.91% | -17.00% | +7.09% |
Current DrawdownCurrent decline from peak | -2.64% | -2.18% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -1.82% | -2.35% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 1.17% | -0.52% |
Volatility
BSIIX vs. VTEB - Volatility Comparison
The current volatility for BlackRock Strategic Income Opportunities Fund Class I (BSIIX) is 1.21%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.39%. This indicates that BSIIX experiences smaller price fluctuations and is considered to be less risky than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSIIX | VTEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 1.39% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 1.85% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.89% | 4.00% | -1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.58% | 3.87% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.11% | 5.25% | -2.14% |