LFLIX vs. BMSIX

Last updated Jul 2, 2026

LFLIX (BrandywineGLOBAL - Flexible Bond Fund) and BMSIX (BlackRock Income Fund) are both Multisector Bonds funds. Over the past 5 years, LFLIX returned 2.31%/yr vs 1.80%/yr for BMSIX. A 0.66 correlation means they provide meaningful diversification when combined. LFLIX charges 0.75%/yr vs 0.62%/yr for BMSIX.

Performance

LFLIX vs. BMSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BrandywineGLOBAL - Flexible Bond Fund (LFLIX) and BlackRock Income Fund (BMSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LFLIX achieves a 3.07% return, which is significantly higher than BMSIX's 0.65% return.

LFLIX

• 1D: -0.07%
• 1M: 0.36%
• YTD: 3.07%
• 6M: 3.07%
• 1Y: 6.86%
• 3Y*: 6.45%
• 5Y*: 2.31%
• 10Y*: —

BMSIX

• 1D: 0.19%
• 1M: 0.19%
• YTD: 0.65%
• 6M: 0.65%
• 1Y: 4.76%
• 3Y*: 6.93%
• 5Y*: 1.80%
• 10Y*: 3.84%

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

LFLIX vs. BMSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LFLIX BrandywineGLOBAL - Flexible Bond Fund	3.07%	8.82%	2.95%	9.57%	-10.87%	1.05%	15.00%	10.84%	-2.07%	4.29%
BMSIX BlackRock Income Fund	0.65%	8.38%	5.96%	7.84%	-10.08%	-0.29%	6.94%	12.03%	-1.03%	6.62%

Correlation

The correlation between LFLIX and BMSIX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.66

The correlation between LFLIX and BMSIX has been stable across timeframes, ranging from 0.64 to 0.73 - a consistent structural relationship.

Return for Risk

LFLIX vs. BMSIX — Risk / Return Rank

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

LFLIX

LFLIX Risk / Return Rank: 57
LFLIX Sharpe Ratio Rank: 52
LFLIX Sortino Ratio Rank: 61
LFLIX Omega Ratio Rank: 59
LFLIX Calmar Ratio Rank: 64
LFLIX Martin Ratio Rank: 51

BMSIX

BMSIX Risk / Return Rank: 51
BMSIX Sharpe Ratio Rank: 50
BMSIX Sortino Ratio Rank: 66
BMSIX Omega Ratio Rank: 61
BMSIX Calmar Ratio Rank: 36
BMSIX Martin Ratio Rank: 44

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.

LFLIX vs. BMSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BrandywineGLOBAL - Flexible Bond Fund (LFLIX) and BlackRock Income Fund (BMSIX). 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.

	LFLIX	BMSIX	Difference
Sharpe ratio: Return per unit of total volatility	1.72	1.68	+0.04
Sortino ratio: Return per unit of downside risk	2.60	2.70	-0.10
Omega ratio: Gain probability vs. loss probability	1.34	1.34	-0.01
Calmar ratio: Return relative to maximum drawdown	2.57	1.90	+0.67
Martin ratio: Return relative to average drawdown	8.84	7.97	+0.87

LFLIX vs. BMSIX - Sharpe Ratio Comparison

The current LFLIX Sharpe Ratio is 1.72, which is comparable to the BMSIX Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of LFLIX and BMSIX, 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

LFLIX vs. BMSIX - Drawdown Comparison

The maximum LFLIX drawdown since its inception was -16.73%, smaller than the maximum BMSIX drawdown of -18.60%. Use the drawdown chart below to compare losses from any high point for LFLIX and BMSIX.

Drawdown Indicators

	LFLIX	BMSIX	Difference
Max Drawdown Largest peak-to-trough decline	-16.73%	-18.60%	+1.87%
Max Drawdown (1Y) Largest decline over 1 year	-2.72%	-2.51%	-0.21%
Max Drawdown (3Y) Largest decline over 3 years	-7.54%	-2.58%	-4.96%
Max Drawdown (5Y) Largest decline over 5 years	-16.73%	-16.52%	-0.21%
Max Drawdown (10Y) Largest decline over 10 years	—	-18.60%	—
Current Drawdown Current decline from peak	-0.48%	-0.06%	-0.42%
Average Drawdown Average peak-to-trough decline	-2.84%	-2.03%	-0.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.79%	0.60%	+0.19%

Volatility

LFLIX vs. BMSIX - Volatility Comparison

BrandywineGLOBAL - Flexible Bond Fund (LFLIX) has a higher volatility of 1.15% compared to BlackRock Income Fund (BMSIX) at 0.82%. This indicates that LFLIX's price experiences larger fluctuations and is considered to be riskier than BMSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LFLIX	BMSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.15%	0.82%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	3.46%	2.38%	+1.08%
Volatility (1Y) Calculated over the trailing 1-year period	4.10%	2.90%	+1.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.74%	3.78%	+1.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.09%	4.14%	+0.95%

LFLIX vs. BMSIX - Expense Ratio Comparison

LFLIX has a 0.75% expense ratio, which is higher than BMSIX's 0.62% expense ratio.

Dividends

LFLIX vs. BMSIX - Dividend Comparison

LFLIX's dividend yield for the trailing twelve months is around 6.64%, more than BMSIX's 5.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BMSIX BlackRock Income Fund	5.59%	5.66%	5.99%	4.38%	3.71%	5.31%	4.19%	4.90%	5.13%	4.03%	4.49%	4.35%
LFLIX BrandywineGLOBAL - Flexible Bond Fund	6.64%	6.67%	8.94%	5.36%	3.28%	2.90%	3.62%	6.04%	3.67%	3.06%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LFLIX and BMSIX in my portfolio?

LFLIX and BMSIX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LFLIX or BMSIX?

LFLIX has higher volatility (1.15%) compared to BMSIX (0.82%). In terms of maximum drawdown, LFLIX dropped -16.73% vs BMSIX's -18.60%.

Which has better risk-adjusted returns?

LFLIX currently has the higher Sharpe Ratio (1.72 vs 1.68), 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.