MFTNX vs. BSIIX
MFTNX (Arrow Managed Futures Strategy Fund Institutional Class) and BSIIX (BlackRock Strategic Income Opportunities Fund Institutional Shares) are both mutual funds - MFTNX is a Systematic Trend fund managed by BlackRock, while BSIIX is a Total Bond Market fund actively managed by BlackRock. Over the past 10 years, MFTNX returned 5.04%/yr vs 3.60%/yr for BSIIX. Their -0.03 correlation means they have often moved in opposite directions in the past. MFTNX charges 1.56%/yr vs 0.72%/yr for BSIIX.
Performance
MFTNX vs. BSIIX - Performance Comparison
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Returns By Period
In the year-to-date period, MFTNX achieves a 9.11% return, which is significantly higher than BSIIX's 1.14% return. Over the past 10 years, MFTNX has outperformed BSIIX with an annualized return of 5.04%, while BSIIX has yielded a comparatively lower 3.60% annualized return.
MFTNX
- 1D
- -0.15%
- 1M
- 0.29%
- 6M
- -0.44%
- YTD
- 9.11%
- 1Y
- 38.82%
- 3Y*
- 2.91%
- 5Y*
- 11.48%
- 10Y*
- 5.04%
- ALL TIME*
- 3.96%
BSIIX
- 1D
- 0.21%
- 1M
- -1.03%
- 6M
- 0.21%
- YTD
- 1.14%
- 1Y
- 4.13%
- 3Y*
- 6.43%
- 5Y*
- 2.77%
- 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 |
MFTNX vs. BSIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFTNX Arrow Managed Futures Strategy Fund Institutional Class | 9.11% | 9.44% | 7.12% | -13.65% | 58.30% | 2.37% | -3.92% | 15.70% | -19.56% | 19.38% |
BSIIX BlackRock Strategic Income Opportunities Fund Institutional Shares | 1.14% | 8.59% | 5.22% | 6.18% | -6.14% | 0.80% | 7.22% | 7.65% | -0.42% | 4.89% |
Correlation
The correlation between MFTNX and BSIIX is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | -0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.16 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.04 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2012 | -0.03 |
The correlation between MFTNX and BSIIX shifts across timeframes, from -0.16 (5 years) to 0.12 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MFTNX vs. BSIIX — Risk / Return Rank
MFTNX
BSIIX
MFTNX vs. BSIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow Managed Futures Strategy Fund Institutional Class (MFTNX) and BlackRock Strategic Income Opportunities Fund Institutional Shares (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.
| MFTNX | BSIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.29 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.06 | 1.54 | +2.53 |
| Martin ratioReturn relative to average drawdown | 10.08 | 5.56 | +4.52 |
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Drawdowns
MFTNX vs. BSIIX - Drawdown Comparison
The maximum MFTNX drawdown since its inception was -35.58%, which is greater than BSIIX's maximum drawdown of -18.76%. Use the drawdown chart below to compare losses from any high point for MFTNX and BSIIX.
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Drawdown Indicators
| MFTNX | BSIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.58% | -18.76% | -16.82% |
Max Drawdown (1Y)Largest decline over 1 year | -9.74% | -2.84% | -6.90% |
Max Drawdown (3Y)Largest decline over 3 years | -32.45% | -2.84% | -29.61% |
Max Drawdown (5Y)Largest decline over 5 years | -32.45% | -9.13% | -23.32% |
Max Drawdown (10Y)Largest decline over 10 years | -35.58% | -9.91% | -25.67% |
Current DrawdownCurrent decline from peak | -7.33% | -1.14% | -6.19% |
Average DrawdownAverage peak-to-trough decline | -12.82% | -1.80% | -11.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 0.78% | +3.14% |
Volatility
MFTNX vs. BSIIX - Volatility Comparison
Arrow Managed Futures Strategy Fund Institutional Class (MFTNX) has a higher volatility of 5.66% compared to BlackRock Strategic Income Opportunities Fund Institutional Shares (BSIIX) at 0.74%. This indicates that MFTNX'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.
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Volatility by Period
| MFTNX | BSIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.66% | 0.74% | +4.92% |
Volatility (6M)Calculated over the trailing 6-month period | 11.80% | 2.43% | +9.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.02% | 2.96% | +16.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.79% | 3.04% | +18.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.01% | 3.15% | +18.86% |
MFTNX vs. BSIIX - Expense Ratio Comparison
MFTNX has a 1.56% expense ratio, which is higher than BSIIX's 0.72% expense ratio.
Dividends
MFTNX vs. BSIIX - Dividend Comparison
MFTNX has not paid dividends to shareholders, while BSIIX's dividend yield for the trailing twelve months is around 4.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSIIX BlackRock Strategic Income Opportunities Fund Institutional Shares | 4.82% | 5.07% | 4.75% | 3.33% | 3.58% | 2.98% | 2.92% | 3.54% | 3.32% | 3.45% | 2.91% | 3.19% |
MFTNX Arrow Managed Futures Strategy Fund Institutional Class | 0.00% | 0.00% | 0.00% | 11.69% | 40.52% | 2.53% | 0.00% | 20.10% | 8.43% | 2.28% | 9.35% | 1.46% |
Frequently Asked Questions
MFTNX and BSIIX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFTNX has higher volatility (5.66%) compared to BSIIX (0.74%). In terms of maximum drawdown, MFTNX dropped -35.58% vs BSIIX's -18.76%.
MFTNX currently has the higher Sharpe Ratio (2.09 vs 1.48), 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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