PNIGX vs. BGSAX

Last updated Jun 6, 2026

PNIGX (BlackRock U.S. Government Bond Portfolio) and BGSAX (BlackRock Technology Opportunities Fund Investor A) are both mutual funds - PNIGX is a Government Bonds fund managed by BlackRock, while BGSAX is a Technology Equities fund managed by BlackRock. At a correlation of -0.15, they often move in opposite directions. PNIGX charges 0.45%/yr vs 1.20%/yr for BGSAX.

Performance

PNIGX vs. BGSAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock U.S. Government Bond Portfolio (PNIGX) and BlackRock Technology Opportunities Fund Investor A (BGSAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PNIGX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BGSAX

• 1D: -2.00%
• 1M: 12.10%
• YTD: 40.25%
• 6M: 37.20%
• 1Y: 62.46%
• 3Y*: 39.48%
• 5Y*: 16.87%
• 10Y*: 25.45%

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

PNIGX vs. BGSAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PNIGX BlackRock U.S. Government Bond Portfolio	0.00%	6.68%	0.79%	4.11%	-13.73%	-1.36%	6.69%	6.88%	0.56%	1.94%
BGSAX BlackRock Technology Opportunities Fund Investor A	40.25%	19.63%	40.56%	49.09%	-43.13%	8.19%	86.27%	43.84%	2.03%	49.45%

Correlation

The correlation between PNIGX and BGSAX is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.02
Correlation (All Time) Calculated using the full available price history since May 16, 2000	-0.15

The correlation between PNIGX and BGSAX shifts across timeframes, from -0.15 (all time) to 0.12 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

PNIGX vs. BGSAX — Risk / Return Rank

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

BGSAX

BGSAX Risk / Return Rank: 66
BGSAX Sharpe Ratio Rank: 79
BGSAX Sortino Ratio Rank: 61
BGSAX Omega Ratio Rank: 61
BGSAX Calmar Ratio Rank: 78
BGSAX Martin Ratio Rank: 52

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.

PNIGX vs. BGSAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock U.S. Government Bond Portfolio (PNIGX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PNIGX	BGSAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.55	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.99	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.45	—

Drawdowns

Drawdown Indicators

	PNIGX	BGSAX	Difference
Max Drawdown Largest peak-to-trough decline	—	-73.75%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-18.49%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-27.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-49.22%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-49.22%	—
Current Drawdown Current decline from peak	—	-2.59%	—
Average Drawdown Average peak-to-trough decline	—	-26.36%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.15%	—

Volatility

Volatility by Period

	PNIGX	BGSAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.56%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.41%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	24.84%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	27.76%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	25.88%	—

PNIGX vs. BGSAX - Expense Ratio Comparison

PNIGX has a 0.45% expense ratio, which is lower than BGSAX's 1.20% expense ratio.

Dividends

PNIGX vs. BGSAX - Dividend Comparison

PNIGX's dividend yield for the trailing twelve months is around 0.98%, less than BGSAX's 9.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGSAX BlackRock Technology Opportunities Fund Investor A	9.66%	13.55%	8.68%	0.00%	0.00%	7.66%	4.86%	1.50%	1.24%	8.01%	1.17%	0.00%
PNIGX BlackRock U.S. Government Bond Portfolio	0.98%	2.57%	3.57%	2.90%	1.95%	1.39%	1.84%	2.56%	2.59%	2.32%	2.24%	2.57%

Frequently Asked Questions

Can I hold both PNIGX and BGSAX in my portfolio?

PNIGX and BGSAX have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.