IOFIX vs. BLV
Compare and contrast key facts about AlphaCentric Income Opportunities Fund (IOFIX) and Vanguard Long-Term Bond ETF (BLV).
IOFIX is managed by AlphaCentric Funds. It was launched on May 27, 2015. BLV is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Long Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
IOFIX vs. BLV - Performance Comparison
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IOFIX vs. BLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IOFIX AlphaCentric Income Opportunities Fund | -0.00% | 8.34% | -0.35% | -5.52% | -21.68% | 14.92% | -10.56% | 11.93% | 4.45% | 14.04% |
BLV Vanguard Long-Term Bond ETF | -0.32% | 6.44% | -3.65% | 7.35% | -26.95% | -2.89% | 16.13% | 18.99% | -4.17% | 10.74% |
Returns By Period
Over the past 10 years, IOFIX has outperformed BLV with an annualized return of 1.81%, while BLV has yielded a comparatively lower 1.20% annualized return.
IOFIX
- 1D
- 0.98%
- 1M
- -1.48%
- YTD
- -0.00%
- 6M
- 1.61%
- 1Y
- 7.75%
- 3Y*
- 1.50%
- 5Y*
- -2.73%
- 10Y*
- 1.81%
BLV
- 1D
- 0.36%
- 1M
- -3.51%
- YTD
- -0.32%
- 6M
- -0.68%
- 1Y
- 2.33%
- 3Y*
- 1.01%
- 5Y*
- -3.05%
- 10Y*
- 1.20%
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IOFIX vs. BLV - Expense Ratio Comparison
IOFIX has a 1.65% expense ratio, which is higher than BLV's 0.03% expense ratio.
Return for Risk
IOFIX vs. BLV — Risk / Return Rank
IOFIX
BLV
IOFIX vs. BLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AlphaCentric Income Opportunities Fund (IOFIX) and Vanguard Long-Term Bond ETF (BLV). 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.
| IOFIX | BLV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.55 | 0.24 | +1.31 |
Sortino ratioReturn per unit of downside risk | 2.39 | 0.38 | +2.01 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.05 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 0.43 | +1.65 |
Martin ratioReturn relative to average drawdown | 6.71 | 1.04 | +5.67 |
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
| IOFIX | BLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 0.24 | +1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.58 | -0.24 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.10 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.37 | -0.17 |
Correlation
The correlation between IOFIX and BLV is 0.29, 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
IOFIX vs. BLV - Dividend Comparison
IOFIX's dividend yield for the trailing twelve months is around 8.29%, more than BLV's 4.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IOFIX AlphaCentric Income Opportunities Fund | 8.29% | 7.44% | 8.16% | 7.52% | 5.51% | 3.94% | 4.76% | 4.70% | 5.06% | 4.83% | 4.97% | 0.00% |
BLV Vanguard Long-Term Bond ETF | 4.73% | 4.67% | 5.09% | 4.06% | 4.17% | 3.37% | 6.12% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% |
Drawdowns
IOFIX vs. BLV - Drawdown Comparison
The maximum IOFIX drawdown since its inception was -45.49%, which is greater than BLV's maximum drawdown of -38.29%. Use the drawdown chart below to compare losses from any high point for IOFIX and BLV.
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Drawdown Indicators
| IOFIX | BLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.49% | -38.29% | -7.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.80% | -6.89% | +3.09% |
Max Drawdown (5Y)Largest decline over 5 years | -30.50% | -36.27% | +5.77% |
Max Drawdown (10Y)Largest decline over 10 years | -45.49% | -38.29% | -7.20% |
Current DrawdownCurrent decline from peak | -20.47% | -24.59% | +4.12% |
Average DrawdownAverage peak-to-trough decline | -11.62% | -9.37% | -2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 2.84% | -1.66% |
Volatility
IOFIX vs. BLV - Volatility Comparison
The current volatility for AlphaCentric Income Opportunities Fund (IOFIX) is 1.70%, while Vanguard Long-Term Bond ETF (BLV) has a volatility of 3.54%. This indicates that IOFIX experiences smaller price fluctuations and is considered to be less risky than BLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IOFIX | BLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 3.54% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 5.50% | -2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.83% | 9.77% | -4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.73% | 12.98% | -8.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.26% | 11.99% | -2.73% |