IUS vs. BSIIX

Last updated Jun 24, 2026

IUS (Invesco RAFI Strategic US ETF) and BSIIX (BlackRock Strategic Income Opportunities Fund Class I) are both funds - IUS is a Large Cap Blend Equities fund tracking the Invesco Strategic US Index, while BSIIX is a Total Bond Market fund managed by BlackRock. Over the past 5 years, IUS returned 13.73%/yr vs 2.95%/yr for BSIIX. At a 0.29 correlation, their price movements are largely independent. IUS charges 0.19%/yr vs 0.69%/yr for BSIIX.

Performance

IUS vs. BSIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco RAFI Strategic US ETF (IUS) and BlackRock Strategic Income Opportunities Fund Class I (BSIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IUS achieves a 14.43% return, which is significantly higher than BSIIX's 1.79% return.

IUS

• 1D: -0.02%
• 1M: 0.18%
• YTD: 14.43%
• 6M: 13.98%
• 1Y: 30.78%
• 3Y*: 19.91%
• 5Y*: 13.73%
• 10Y*: —

BSIIX

• 1D: -0.20%
• 1M: 0.82%
• YTD: 1.79%
• 6M: 2.32%
• 1Y: 6.62%
• 3Y*: 6.76%
• 5Y*: 2.95%
• 10Y*: 3.84%

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

IUS vs. BSIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IUS Invesco RAFI Strategic US ETF	14.43%	16.94%	16.51%	20.79%	-8.34%	32.17%	15.09%	29.34%	-12.28%
BSIIX BlackRock Strategic Income Opportunities Fund Class I	1.79%	8.59%	5.22%	6.18%	-6.14%	0.80%	7.22%	7.65%	-0.06%

Correlation

The correlation between IUS and BSIIX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Sep 12, 2018	0.29

The correlation between IUS and BSIIX shifts across timeframes, from 0.29 (all time) to 0.45 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

IUS vs. BSIIX — Risk / Return Rank

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

IUS

IUS Risk / Return Rank: 90
IUS Sharpe Ratio Rank: 90
IUS Sortino Ratio Rank: 90
IUS Omega Ratio Rank: 88
IUS Calmar Ratio Rank: 89
IUS Martin Ratio Rank: 91

BSIIX

BSIIX Risk / Return Rank: 65
BSIIX Sharpe Ratio Rank: 72
BSIIX Sortino Ratio Rank: 83
BSIIX Omega Ratio Rank: 79
BSIIX Calmar Ratio Rank: 43
BSIIX Martin Ratio Rank: 47

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.

IUS vs. BSIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco RAFI Strategic US ETF (IUS) 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.

	IUS	BSIIX	Difference
Sharpe ratio: Return per unit of total volatility	2.89	2.28	+0.62
Sortino ratio: Return per unit of downside risk	3.95	3.59	+0.35
Omega ratio: Gain probability vs. loss probability	1.53	1.47	+0.05
Calmar ratio: Return relative to maximum drawdown	5.03	2.38	+2.65
Martin ratio: Return relative to average drawdown	20.93	9.19	+11.75

IUS vs. BSIIX - Sharpe Ratio Comparison

The current IUS Sharpe Ratio is 2.89, which is comparable to the BSIIX Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of IUS and BSIIX, 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

IUS vs. BSIIX - Drawdown Comparison

The maximum IUS drawdown since its inception was -34.67%, which is greater than BSIIX's maximum drawdown of -18.76%. Use the drawdown chart below to compare losses from any high point for IUS and BSIIX.

Drawdown Indicators

	IUS	BSIIX	Difference
Max Drawdown Largest peak-to-trough decline	-34.67%	-18.76%	-15.91%
Max Drawdown (1Y) Largest decline over 1 year	-6.15%	-2.84%	-3.31%
Max Drawdown (3Y) Largest decline over 3 years	-15.61%	-2.84%	-12.77%
Max Drawdown (5Y) Largest decline over 5 years	-18.72%	-9.13%	-9.59%
Max Drawdown (10Y) Largest decline over 10 years	—	-9.91%	—
Current Drawdown Current decline from peak	-1.76%	-0.51%	-1.25%
Average Drawdown Average peak-to-trough decline	-3.85%	-1.80%	-2.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	0.73%	+0.74%

Volatility

IUS vs. BSIIX - Volatility Comparison

Invesco RAFI Strategic US ETF (IUS) has a higher volatility of 3.84% compared to BlackRock Strategic Income Opportunities Fund Class I (BSIIX) at 0.92%. This indicates that IUS'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.

Volatility by Period

	IUS	BSIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.84%	0.92%	+2.92%
Volatility (6M) Calculated over the trailing 6-month period	8.03%	2.37%	+5.66%
Volatility (1Y) Calculated over the trailing 1-year period	10.69%	2.97%	+7.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.03%	3.65%	+11.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.02%	3.15%	+14.87%

IUS vs. BSIIX - Expense Ratio Comparison

IUS has a 0.19% expense ratio, which is lower than BSIIX's 0.69% expense ratio.

Dividends

IUS vs. BSIIX - Dividend Comparison

IUS's dividend yield for the trailing twelve months is around 1.30%, less than BSIIX's 5.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSIIX BlackRock Strategic Income Opportunities Fund Class I	5.16%	5.07%	4.75%	3.33%	3.58%	2.98%	2.92%	3.54%	3.32%	3.45%	2.91%	3.19%
IUS Invesco RAFI Strategic US ETF	1.30%	1.48%	1.52%	1.72%	1.78%	1.46%	1.74%	1.77%	0.73%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IUS and BSIIX in my portfolio?

IUS 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.

Which is riskier, IUS or BSIIX?

IUS has higher volatility (3.84%) compared to BSIIX (0.92%). In terms of maximum drawdown, IUS dropped -34.67% vs BSIIX's -18.76%.

Which has better risk-adjusted returns?

IUS currently has the higher Sharpe Ratio (2.89 vs 2.28), 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.