MALMX vs. BSIIX
MALMX (BlackRock Short-Term Municipal Fund) and BSIIX (BlackRock Strategic Income Opportunities Fund Class I) are both mutual funds - MALMX is a Municipal Bonds fund managed by BlackRock, while BSIIX is a Total Bond Market fund managed by BlackRock. Over the past 10 years, MALMX returned 1.67%/yr vs 3.60%/yr for BSIIX. Their 0.30 correlation means their historical movements had little consistent relationship. MALMX charges 0.36%/yr vs 0.69%/yr for BSIIX.
Performance
MALMX vs. BSIIX - Performance Comparison
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Returns By Period
In the year-to-date period, MALMX achieves a 0.49% return, which is significantly lower than BSIIX's 1.03% return. Over the past 10 years, MALMX has underperformed BSIIX with an annualized return of 1.67%, while BSIIX has yielded a comparatively higher 3.60% annualized return.
MALMX
- 1D
- -0.10%
- 1M
- -0.90%
- 6M
- -0.29%
- YTD
- 0.49%
- 1Y
- 2.71%
- 3Y*
- 4.21%
- 5Y*
- 2.21%
- 10Y*
- 1.67%
- ALL TIME*
- 2.09%
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 |
MALMX vs. BSIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MALMX BlackRock Short-Term Municipal Fund | 0.49% | 6.38% | 3.58% | 4.21% | -2.88% | -0.11% | 1.39% | 2.58% | 1.45% | 0.86% |
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% | 4.89% |
Correlation
The correlation between MALMX and BSIIX is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2008 | 0.30 |
Over the past year, MALMX and BSIIX have become more correlated (0.56) than their long-term average of 0.30, meaning their price movements have been converging.
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Return for Risk
MALMX vs. BSIIX — Risk / Return Rank
MALMX
BSIIX
MALMX vs. BSIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Short-Term Municipal Fund (MALMX) 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.
| MALMX | BSIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.33 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 1.76 | +0.01 |
| Martin ratioReturn relative to average drawdown | 5.46 | 6.43 | -0.98 |
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Drawdowns
MALMX vs. BSIIX - Drawdown Comparison
The maximum MALMX drawdown since its inception was -5.01%, smaller than the maximum BSIIX drawdown of -18.76%. Use the drawdown chart below to compare losses from any high point for MALMX and BSIIX.
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Drawdown Indicators
| MALMX | BSIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.01% | -18.76% | +13.75% |
Max Drawdown (1Y)Largest decline over 1 year | -1.88% | -2.84% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -2.32% | -2.84% | +0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -5.01% | -9.13% | +4.12% |
Max Drawdown (10Y)Largest decline over 10 years | -5.01% | -9.91% | +4.90% |
Current DrawdownCurrent decline from peak | -0.96% | -1.25% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -1.80% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.78% | -0.17% |
Volatility
MALMX vs. BSIIX - Volatility Comparison
The current volatility for BlackRock Short-Term Municipal Fund (MALMX) is 0.54%, while BlackRock Strategic Income Opportunities Fund Class I (BSIIX) has a volatility of 0.69%. This indicates that MALMX experiences smaller price fluctuations and is considered to be less risky 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
| MALMX | BSIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | 0.69% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 1.38% | 2.44% | -1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.79% | 2.99% | -1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.02% | 3.04% | -1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.60% | 3.15% | -1.55% |
MALMX vs. BSIIX - Expense Ratio Comparison
MALMX has a 0.36% expense ratio, which is lower than BSIIX's 0.69% expense ratio.
Dividends
MALMX vs. BSIIX - Dividend Comparison
MALMX's dividend yield for the trailing twelve months is around 3.20%, less than BSIIX's 4.83% yield.
| 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% |
MALMX BlackRock Short-Term Municipal Fund | 3.20% | 4.62% | 3.93% | 2.56% | 0.90% | 0.58% | 1.08% | 1.75% | 1.34% | 0.86% | 0.54% | 0.41% |
Frequently Asked Questions
MALMX and BSIIX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSIIX has higher volatility (0.69%) compared to MALMX (0.54%). In terms of maximum drawdown, MALMX dropped -5.01% vs BSIIX's -18.76%.
MALMX currently has the higher Sharpe Ratio (1.87 vs 1.67), 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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