TOWTX vs. BGSIX
Compare and contrast key facts about Towpath Technology Fund (TOWTX) and BlackRock Technology Opportunities Institutional (BGSIX).
TOWTX is managed by Oelschlager Investments. It was launched on Feb 2, 2021. BGSIX is managed by BlackRock. It was launched on May 15, 2000.
Performance
TOWTX vs. BGSIX - Performance Comparison
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TOWTX vs. BGSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TOWTX Towpath Technology Fund | -9.57% | 9.55% | 12.82% | 29.78% | -15.96% | 17.73% |
BGSIX BlackRock Technology Opportunities Institutional | -10.51% | 19.92% | 40.31% | 49.49% | -42.99% | 6.30% |
Returns By Period
In the year-to-date period, TOWTX achieves a -9.57% return, which is significantly higher than BGSIX's -10.51% return.
TOWTX
- 1D
- -0.07%
- 1M
- -5.09%
- YTD
- -9.57%
- 6M
- -7.05%
- 1Y
- 3.98%
- 3Y*
- 10.31%
- 5Y*
- 6.11%
- 10Y*
- —
BGSIX
- 1D
- -1.97%
- 1M
- -11.18%
- YTD
- -10.51%
- 6M
- -11.50%
- 1Y
- 23.26%
- 3Y*
- 23.32%
- 5Y*
- 7.37%
- 10Y*
- 20.45%
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TOWTX vs. BGSIX - Expense Ratio Comparison
TOWTX has a 1.10% expense ratio, which is higher than BGSIX's 0.93% expense ratio.
Return for Risk
TOWTX vs. BGSIX — Risk / Return Rank
TOWTX
BGSIX
TOWTX vs. BGSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Towpath Technology Fund (TOWTX) and BlackRock Technology Opportunities Institutional (BGSIX). 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.
| TOWTX | BGSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.23 | 0.81 | -0.58 |
Sortino ratioReturn per unit of downside risk | 0.45 | 1.29 | -0.84 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.18 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.16 | 0.97 | -0.81 |
Martin ratioReturn relative to average drawdown | 0.51 | 2.93 | -2.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TOWTX | BGSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | 0.81 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.27 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.39 | -0.39 |
Correlation
The correlation between TOWTX and BGSIX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TOWTX vs. BGSIX - Dividend Comparison
TOWTX's dividend yield for the trailing twelve months is around 1.88%, less than BGSIX's 13.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TOWTX Towpath Technology Fund | 1.88% | 1.70% | 3.55% | 0.42% | 0.57% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BGSIX BlackRock Technology Opportunities Institutional | 13.59% | 12.16% | 7.82% | 0.00% | 0.00% | 7.12% | 4.47% | 1.39% | 1.15% | 7.72% | 1.10% |
Drawdowns
TOWTX vs. BGSIX - Drawdown Comparison
The maximum TOWTX drawdown since its inception was -98.79%, which is greater than BGSIX's maximum drawdown of -73.48%. Use the drawdown chart below to compare losses from any high point for TOWTX and BGSIX.
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Drawdown Indicators
| TOWTX | BGSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.79% | -73.48% | -25.31% |
Max Drawdown (1Y)Largest decline over 1 year | -11.62% | -18.42% | +6.80% |
Max Drawdown (5Y)Largest decline over 5 years | -98.79% | -49.11% | -49.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.11% | — |
Current DrawdownCurrent decline from peak | -98.60% | -18.42% | -80.18% |
Average DrawdownAverage peak-to-trough decline | -26.18% | -25.57% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 6.09% | -2.49% |
Volatility
TOWTX vs. BGSIX - Volatility Comparison
The current volatility for Towpath Technology Fund (TOWTX) is 4.10%, while BlackRock Technology Opportunities Institutional (BGSIX) has a volatility of 9.62%. This indicates that TOWTX experiences smaller price fluctuations and is considered to be less risky than BGSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TOWTX | BGSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 9.62% | -5.52% |
Volatility (6M)Calculated over the trailing 6-month period | 11.08% | 18.69% | -7.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.27% | 28.12% | -9.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3,101.36% | 27.36% | +3,074.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,035.66% | 25.55% | +3,010.11% |