MPHQX vs. BGSAX
MPHQX (BlackRock Total Return Fund Class K) and BGSAX (BlackRock Technology Opportunities Fund Investor A) are both mutual funds - MPHQX is a Intermediate Core-Plus Bond fund actively managed by BlackRock, while BGSAX is a Technology Equities fund actively managed by BlackRock. Both are actively managed. Over the past 10 years, MPHQX returned 1.88%/yr vs 23.00%/yr for BGSAX. Their -0.10 correlation means they have often moved in opposite directions in the past. MPHQX charges 0.37%/yr vs 1.14%/yr for BGSAX.
Performance
MPHQX vs. BGSAX - Performance Comparison
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Returns By Period
In the year-to-date period, MPHQX achieves a -0.40% return, which is significantly lower than BGSAX's 22.08% return. Over the past 10 years, MPHQX has underperformed BGSAX with an annualized return of 1.88%, while BGSAX has yielded a comparatively higher 23.00% annualized return.
MPHQX
- 1D
- 0.00%
- 1M
- -1.51%
- 6M
- -0.86%
- YTD
- -0.40%
- 1Y
- 2.63%
- 3Y*
- 4.17%
- 5Y*
- -0.13%
- 10Y*
- 1.88%
- ALL TIME*
- 2.57%
BGSAX
- 1D
- 7.10%
- 1M
- -7.32%
- 6M
- 19.39%
- YTD
- 22.08%
- 1Y
- 32.24%
- 3Y*
- 29.84%
- 5Y*
- 11.65%
- 10Y*
- 23.00%
- ALL TIME*
- 10.39%
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 |
MPHQX vs. BGSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MPHQX BlackRock Total Return Fund Class K | -0.40% | 8.21% | 1.92% | 6.04% | -14.14% | -0.68% | 9.10% | 9.91% | -0.81% | 4.33% |
BGSAX BlackRock Technology Opportunities Fund Investor A | 22.08% | 19.63% | 40.56% | 49.09% | -43.13% | 8.19% | 86.27% | 43.84% | 2.03% | 49.45% |
Correlation
The correlation between MPHQX and BGSAX is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2001 | -0.10 |
The correlation between MPHQX and BGSAX shifts across timeframes, from -0.10 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MPHQX vs. BGSAX — Risk / Return Rank
MPHQX
BGSAX
MPHQX vs. BGSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Total Return Fund Class K (MPHQX) and BlackRock Technology Opportunities Fund Investor A (BGSAX). 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.
| MPHQX | BGSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.18 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 1.42 | -0.51 |
| Martin ratioReturn relative to average drawdown | 2.06 | 4.11 | -2.05 |
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Drawdowns
MPHQX vs. BGSAX - Drawdown Comparison
The maximum MPHQX drawdown since its inception was -21.68%, smaller than the maximum BGSAX drawdown of -73.75%. Use the drawdown chart below to compare losses from any high point for MPHQX and BGSAX.
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Drawdown Indicators
| MPHQX | BGSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.68% | -73.75% | +52.07% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -20.84% | +16.56% |
Max Drawdown (3Y)Largest decline over 3 years | -5.79% | -27.75% | +21.96% |
Max Drawdown (5Y)Largest decline over 5 years | -19.28% | -49.22% | +29.94% |
Max Drawdown (10Y)Largest decline over 10 years | -19.28% | -49.22% | +29.94% |
Current DrawdownCurrent decline from peak | -3.51% | -15.21% | +11.70% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -26.26% | +22.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 7.19% | -5.30% |
Volatility
MPHQX vs. BGSAX - Volatility Comparison
The current volatility for BlackRock Total Return Fund Class K (MPHQX) is 1.00%, while BlackRock Technology Opportunities Fund Investor A (BGSAX) has a volatility of 14.54%. This indicates that MPHQX experiences smaller price fluctuations and is considered to be less risky than BGSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MPHQX | BGSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 14.54% | -13.54% |
Volatility (6M)Calculated over the trailing 6-month period | 3.69% | 28.48% | -24.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.60% | 32.23% | -27.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.30% | 29.22% | -22.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.15% | 26.62% | -21.47% |
MPHQX vs. BGSAX - Expense Ratio Comparison
MPHQX has a 0.37% expense ratio, which is lower than BGSAX's 1.14% expense ratio.
Dividends
MPHQX vs. BGSAX - Dividend Comparison
MPHQX's dividend yield for the trailing twelve months is around 4.42%, less than BGSAX's 17.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGSAX BlackRock Technology Opportunities Fund Investor A | 17.42% | 13.55% | 8.68% | 0.00% | 0.00% | 7.66% | 4.86% | 1.50% | 1.24% | 8.01% | 1.17% | 0.00% |
MPHQX BlackRock Total Return Fund Class K | 4.42% | 4.89% | 5.01% | 4.19% | 3.09% | 2.58% | 6.30% | 3.24% | 3.40% | 3.21% | 2.89% | 3.49% |
Frequently Asked Questions
MPHQX and BGSAX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGSAX has higher volatility (14.54%) compared to MPHQX (1.00%). In terms of maximum drawdown, MPHQX dropped -21.68% vs BGSAX's -73.75%.
BGSAX currently has the higher Sharpe Ratio (0.92 vs 0.85), 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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