SPGTX vs. BSIIX
SPGTX (Symmetry Panoramic Tax-Managed Global Equity Fund) and BSIIX (BlackRock Strategic Income Opportunities Fund Class I) are both mutual funds - SPGTX is a Global Equities fund managed by BlackRock, while BSIIX is a Total Bond Market fund managed by BlackRock. Over the past 5 years, SPGTX returned 10.71%/yr vs 2.73%/yr for BSIIX. Their 0.38 correlation means their historical movements had little consistent relationship. SPGTX charges 0.42%/yr vs 0.69%/yr for BSIIX.
Performance
SPGTX vs. BSIIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPGTX achieves a 13.96% return, which is significantly higher than BSIIX's 0.93% return.
SPGTX
- 1D
- 0.14%
- 1M
- 0.48%
- 6M
- 8.64%
- YTD
- 13.96%
- 1Y
- 26.60%
- 3Y*
- 17.94%
- 5Y*
- 10.71%
- 10Y*
- —
- ALL TIME*
- 12.13%
BSIIX
- 1D
- -0.10%
- 1M
- -1.23%
- 6M
- 0.10%
- YTD
- 0.93%
- 1Y
- 4.13%
- 3Y*
- 6.32%
- 5Y*
- 2.73%
- 10Y*
- 3.60%
- ALL TIME*
- 3.90%
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 |
SPGTX vs. BSIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPGTX Symmetry Panoramic Tax-Managed Global Equity Fund | 13.96% | 22.41% | 10.43% | 20.78% | -14.10% | 19.43% | 8.53% | 24.65% | -6.33% |
BSIIX BlackRock Strategic Income Opportunities Fund Class I | 0.93% | 8.59% | 5.22% | 6.18% | -6.14% | 0.80% | 7.22% | 7.65% | -0.16% |
Correlation
The correlation between SPGTX 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. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2018 | 0.38 |
The correlation between SPGTX and BSIIX shifts across timeframes, from 0.38 (all time) to 0.56 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPGTX vs. BSIIX — Risk / Return Rank
SPGTX
BSIIX
SPGTX vs. BSIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Symmetry Panoramic Tax-Managed Global Equity Fund (SPGTX) 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.
| SPGTX | BSIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.30 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 1.61 | +1.26 |
| Martin ratioReturn relative to average drawdown | 12.01 | 5.86 | +6.15 |
Loading charts...
Drawdowns
SPGTX vs. BSIIX - Drawdown Comparison
The maximum SPGTX drawdown since its inception was -35.10%, which is greater than BSIIX's maximum drawdown of -18.76%. Use the drawdown chart below to compare losses from any high point for SPGTX and BSIIX.
Loading charts...
Drawdown Indicators
| SPGTX | BSIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.10% | -18.76% | -16.34% |
Max Drawdown (1Y)Largest decline over 1 year | -8.85% | -2.84% | -6.01% |
Max Drawdown (3Y)Largest decline over 3 years | -15.36% | -2.84% | -12.52% |
Max Drawdown (5Y)Largest decline over 5 years | -23.61% | -9.13% | -14.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.91% | — |
Current DrawdownCurrent decline from peak | -0.77% | -1.35% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -1.80% | -3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 0.78% | +1.34% |
Volatility
SPGTX vs. BSIIX - Volatility Comparison
Symmetry Panoramic Tax-Managed Global Equity Fund (SPGTX) has a higher volatility of 3.39% compared to BlackRock Strategic Income Opportunities Fund Class I (BSIIX) at 0.69%. This indicates that SPGTX'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.
Loading charts...
Volatility by Period
| SPGTX | BSIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 0.69% | +2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 10.52% | 2.44% | +8.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.81% | 2.99% | +9.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.00% | 3.03% | +11.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.38% | 3.15% | +13.23% |
SPGTX vs. BSIIX - Expense Ratio Comparison
SPGTX has a 0.42% expense ratio, which is lower than BSIIX's 0.69% expense ratio.
Dividends
SPGTX vs. BSIIX - Dividend Comparison
SPGTX's dividend yield for the trailing twelve months is around 3.18%, 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% |
SPGTX Symmetry Panoramic Tax-Managed Global Equity Fund | 3.18% | 3.62% | 3.74% | 2.12% | 1.76% | 1.56% | 1.22% | 1.24% | 0.29% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPGTX 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.
SPGTX has higher volatility (3.39%) compared to BSIIX (0.69%). In terms of maximum drawdown, SPGTX dropped -35.10% vs BSIIX's -18.76%.
SPGTX currently has the higher Sharpe Ratio (1.99 vs 1.54), 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.
Find the right allocation for SPGTX and BSIIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer