CZMGX vs. BSIIX
CZMGX (Multi-Manager Growth Strategies Fund) and BSIIX (BlackRock Strategic Income Opportunities Fund Class I) are both mutual funds - CZMGX is a Large Cap Growth Equities fund managed by BlackRock, while BSIIX is a Total Bond Market fund managed by BlackRock. Over the past 5 years, CZMGX returned 11.01%/yr vs 2.75%/yr for BSIIX. Their 0.31 correlation means their historical movements had little consistent relationship. CZMGX charges 0.74%/yr vs 0.69%/yr for BSIIX.
Performance
CZMGX vs. BSIIX - Performance Comparison
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Returns By Period
In the year-to-date period, CZMGX achieves a 4.71% return, which is significantly higher than BSIIX's 1.03% return.
CZMGX
- 1D
- 2.66%
- 1M
- -0.32%
- 6M
- 6.28%
- YTD
- 4.71%
- 1Y
- 12.99%
- 3Y*
- 19.69%
- 5Y*
- 11.01%
- 10Y*
- —
- ALL TIME*
- 15.11%
BSIIX
- 1D
- 0.10%
- 1M
- -1.13%
- 6M
- 0.11%
- YTD
- 1.03%
- 1Y
- 4.24%
- 3Y*
- 6.24%
- 5Y*
- 2.75%
- 10Y*
- 3.60%
- ALL TIME*
- 3.91%
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 |
CZMGX vs. BSIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CZMGX Multi-Manager Growth Strategies Fund | 4.71% | 15.18% | 34.55% | 41.78% | -29.41% | 19.80% | 33.39% | 33.59% | -12.36% | 25.10% |
BSIIX BlackRock Strategic Income Opportunities Fund Class I | 1.03% | 8.59% | 5.22% | 6.18% | -6.14% | 0.80% | 7.22% | 7.65% | -0.42% | 4.25% |
Correlation
The correlation between CZMGX and BSIIX is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.31 |
The correlation between CZMGX and BSIIX shifts across timeframes, from 0.28 (3 years) to 0.45 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CZMGX vs. BSIIX — Risk / Return Rank
CZMGX
BSIIX
CZMGX vs. BSIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Multi-Manager Growth Strategies Fund (CZMGX) and BlackRock Strategic Income Opportunities Fund Class I (BSIIX). 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.
| CZMGX | BSIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.33 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | 1.76 | -1.11 |
| Martin ratioReturn relative to average drawdown | 2.01 | 6.43 | -4.42 |
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Drawdowns
CZMGX vs. BSIIX - Drawdown Comparison
The maximum CZMGX drawdown since its inception was -35.23%, which is greater than BSIIX's maximum drawdown of -18.76%. Use the drawdown chart below to compare losses from any high point for CZMGX and BSIIX.
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Drawdown Indicators
| CZMGX | BSIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.23% | -18.76% | -16.47% |
Max Drawdown (1Y)Largest decline over 1 year | -16.55% | -2.84% | -13.71% |
Max Drawdown (3Y)Largest decline over 3 years | -22.71% | -2.84% | -19.87% |
Max Drawdown (5Y)Largest decline over 5 years | -35.23% | -9.13% | -26.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.91% | — |
Current DrawdownCurrent decline from peak | -5.05% | -1.25% | -3.80% |
Average DrawdownAverage peak-to-trough decline | -7.53% | -1.80% | -5.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.36% | 0.78% | +4.58% |
Volatility
CZMGX vs. BSIIX - Volatility Comparison
Multi-Manager Growth Strategies Fund (CZMGX) has a higher volatility of 5.49% compared to BlackRock Strategic Income Opportunities Fund Class I (BSIIX) at 0.69%. This indicates that CZMGX's price experiences larger fluctuations and is considered to be riskier than BSIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CZMGX | BSIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 0.69% | +4.80% |
Volatility (6M)Calculated over the trailing 6-month period | 13.79% | 2.44% | +11.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.44% | 2.99% | +14.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.79% | 3.04% | +18.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.83% | 3.15% | +18.68% |
CZMGX vs. BSIIX - Expense Ratio Comparison
CZMGX has a 0.74% expense ratio, which is higher than BSIIX's 0.69% expense ratio.
Dividends
CZMGX vs. BSIIX - Dividend Comparison
CZMGX has not paid dividends to shareholders, while BSIIX's dividend yield for the trailing twelve months is around 4.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
CZMGX Multi-Manager Growth Strategies Fund | 0.00% | 11.02% | 10.86% | 5.59% | 10.39% | 15.19% | 5.04% | 5.53% | 6.87% | 4.66% | 0.00% | 0.00% |
Frequently Asked Questions
CZMGX and BSIIX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CZMGX has higher volatility (5.49%) compared to BSIIX (0.69%). In terms of maximum drawdown, CZMGX dropped -35.23% vs BSIIX's -18.76%.
BSIIX currently has the higher Sharpe Ratio (1.67 vs 0.62), 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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