FCRIX vs. BAMBX

Last updated Jun 23, 2026

FCRIX (FS Credit Income Fund Class I) and BAMBX (BlackRock Systematic Multi-Strategy Fund) are both Multistrategy funds. FCRIX is actively managed, while BAMBX is passively managed. Over the past 5 years, FCRIX returned 4.39%/yr vs 3.32%/yr for BAMBX. At a 0.25 correlation, their price movements are largely independent. FCRIX charges 2.37%/yr vs 1.20%/yr for BAMBX.

Performance

FCRIX vs. BAMBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FS Credit Income Fund Class I (FCRIX) and BlackRock Systematic Multi-Strategy Fund (BAMBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FCRIX

• 1D: 0.08%
• 1M: 0.67%
• YTD: 2.81%
• 6M: 3.68%
• 1Y: 8.27%
• 3Y*: 8.82%
• 5Y*: 4.39%
• 10Y*: —

BAMBX

• 1D: -0.10%
• 1M: 0.49%
• YTD: 0.00%
• 6M: 0.12%
• 1Y: 1.77%
• 3Y*: 5.90%
• 5Y*: 3.32%
• 10Y*: 4.30%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FCRIX vs. BAMBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FCRIX FS Credit Income Fund Class I	2.81%	7.88%	9.57%	11.96%	-10.70%	7.50%	8.27%	2.47%
BAMBX BlackRock Systematic Multi-Strategy Fund	0.00%	4.59%	6.61%	6.19%	-3.23%	5.84%	3.34%	0.75%

Correlation

The correlation between FCRIX and BAMBX is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (All Time) Calculated using the full available price history since Jul 11, 2019	0.25

The correlation between FCRIX and BAMBX shifts across timeframes, from -0.03 (1 year) to 0.29 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FCRIX vs. BAMBX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FCRIX

FCRIX Risk / Return Rank: 97
FCRIX Sharpe Ratio Rank: 91
FCRIX Sortino Ratio Rank: 100
FCRIX Omega Ratio Rank: 99
FCRIX Calmar Ratio Rank: 99
FCRIX Martin Ratio Rank: 99

BAMBX

BAMBX Risk / Return Rank: 6
BAMBX Sharpe Ratio Rank: 7
BAMBX Sortino Ratio Rank: 6
BAMBX Omega Ratio Rank: 6
BAMBX Calmar Ratio Rank: 5
BAMBX Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FCRIX vs. BAMBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FS Credit Income Fund Class I (FCRIX) and BlackRock Systematic Multi-Strategy Fund (BAMBX). 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.

	FCRIX	BAMBX	Difference
Sharpe ratio: Return per unit of total volatility	2.81	0.51	+2.30
Sortino ratio: Return per unit of downside risk	12.11	0.77	+11.34
Omega ratio: Gain probability vs. loss probability	2.91	1.09	+1.82
Calmar ratio: Return relative to maximum drawdown	9.34	0.42	+8.93
Martin ratio: Return relative to average drawdown	41.41	1.03	+40.38

FCRIX vs. BAMBX - Sharpe Ratio Comparison

The current FCRIX Sharpe Ratio is 2.81, which is higher than the BAMBX Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of FCRIX and BAMBX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FCRIX vs. BAMBX - Drawdown Comparison

The maximum FCRIX drawdown since its inception was -26.74%, which is greater than BAMBX's maximum drawdown of -8.84%. Use the drawdown chart below to compare losses from any high point for FCRIX and BAMBX.

Drawdown Indicators

	FCRIX	BAMBX	Difference
Max Drawdown Largest peak-to-trough decline	-26.74%	-8.84%	-17.90%
Max Drawdown (1Y) Largest decline over 1 year	-0.90%	-5.19%	+4.29%
Max Drawdown (3Y) Largest decline over 3 years	-3.01%	-5.19%	+2.18%
Max Drawdown (5Y) Largest decline over 5 years	-15.33%	-6.66%	-8.67%
Max Drawdown (10Y) Largest decline over 10 years	—	-8.84%	—
Current Drawdown Current decline from peak	-0.08%	-4.08%	+4.00%
Average Drawdown Average peak-to-trough decline	-3.18%	-1.27%	-1.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.20%	2.10%	-1.90%

Volatility

FCRIX vs. BAMBX - Volatility Comparison

The current volatility for FS Credit Income Fund Class I (FCRIX) is 0.70%, while BlackRock Systematic Multi-Strategy Fund (BAMBX) has a volatility of 1.32%. This indicates that FCRIX experiences smaller price fluctuations and is considered to be less risky than BAMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCRIX	BAMBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.70%	1.32%	-0.62%
Volatility (6M) Calculated over the trailing 6-month period	1.95%	3.44%	-1.49%
Volatility (1Y) Calculated over the trailing 1-year period	3.00%	4.28%	-1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.22%	3.69%	+0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.38%	3.61%	+2.77%

FCRIX vs. BAMBX - Expense Ratio Comparison

FCRIX has a 2.37% expense ratio, which is higher than BAMBX's 1.20% expense ratio.

Dividends

FCRIX vs. BAMBX - Dividend Comparison

FCRIX's dividend yield for the trailing twelve months is around 10.11%, more than BAMBX's 1.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BAMBX BlackRock Systematic Multi-Strategy Fund	1.97%	1.97%	3.86%	4.13%	4.70%	2.39%	1.09%	3.73%	8.70%	3.81%	4.82%
FCRIX FS Credit Income Fund Class I	10.11%	10.54%	8.27%	5.56%	3.25%	5.62%	5.72%	2.91%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FCRIX and BAMBX in my portfolio?

FCRIX and BAMBX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCRIX or BAMBX?

BAMBX has higher volatility (1.32%) compared to FCRIX (0.70%). In terms of maximum drawdown, FCRIX dropped -26.74% vs BAMBX's -8.84%.

Which has better risk-adjusted returns?

FCRIX currently has the higher Sharpe Ratio (2.81 vs 0.51), 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.