UBVLX vs. BGSAX
UBVLX (Undiscovered Managers Behavioral Value Fund) and BGSAX (BlackRock Technology Opportunities Fund Investor A) are both mutual funds - UBVLX is a Small Cap Value Equities fund managed by BlackRock, while BGSAX is a Technology Equities fund actively managed by BlackRock. Over the past 10 years, UBVLX returned 10.67%/yr vs 23.32%/yr for BGSAX. Their 0.66 correlation means they have sometimes moved together and sometimes differently. UBVLX charges 0.90%/yr vs 1.14%/yr for BGSAX.
Performance
UBVLX vs. BGSAX - Performance Comparison
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Returns By Period
In the year-to-date period, UBVLX achieves a 15.58% return, which is significantly lower than BGSAX's 26.05% return. Over the past 10 years, UBVLX has underperformed BGSAX with an annualized return of 10.67%, while BGSAX has yielded a comparatively higher 23.32% annualized return.
UBVLX
- 1D
- 1.22%
- 1M
- 1.03%
- 6M
- 9.95%
- YTD
- 15.58%
- 1Y
- 19.80%
- 3Y*
- 12.03%
- 5Y*
- 10.41%
- 10Y*
- 10.67%
- ALL TIME*
- 11.76%
BGSAX
- 1D
- 1.88%
- 1M
- -4.31%
- 6M
- 25.54%
- YTD
- 26.05%
- 1Y
- 33.51%
- 3Y*
- 32.72%
- 5Y*
- 12.03%
- 10Y*
- 23.32%
- ALL TIME*
- 10.52%
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 |
UBVLX vs. BGSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UBVLX Undiscovered Managers Behavioral Value Fund | 15.58% | 1.79% | 13.11% | 14.69% | -1.16% | 34.25% | 3.52% | 23.27% | -15.23% | 13.43% |
BGSAX BlackRock Technology Opportunities Fund Investor A | 26.05% | 19.63% | 40.56% | 49.09% | -43.13% | 8.19% | 86.27% | 43.84% | 2.03% | 49.45% |
Correlation
The correlation between UBVLX and BGSAX is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.44 |
Correlation (All Time) Calculated using the full available price history since May 15, 2000 | 0.66 |
Over the past year, the correlation between UBVLX and BGSAX has dropped to 0.14 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.
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Return for Risk
UBVLX vs. BGSAX — Risk / Return Rank
UBVLX
BGSAX
UBVLX vs. BGSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Undiscovered Managers Behavioral Value Fund (UBVLX) 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.
| UBVLX | BGSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.21 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 1.76 | +0.33 |
| Martin ratioReturn relative to average drawdown | 5.96 | 5.03 | +0.94 |
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Drawdowns
UBVLX vs. BGSAX - Drawdown Comparison
The maximum UBVLX drawdown since its inception was -67.24%, smaller than the maximum BGSAX drawdown of -73.75%. Use the drawdown chart below to compare losses from any high point for UBVLX and BGSAX.
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Drawdown Indicators
| UBVLX | BGSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.24% | -73.75% | +6.51% |
Max Drawdown (1Y)Largest decline over 1 year | -10.32% | -20.84% | +10.52% |
Max Drawdown (3Y)Largest decline over 3 years | -21.46% | -27.75% | +6.29% |
Max Drawdown (5Y)Largest decline over 5 years | -21.46% | -49.22% | +27.76% |
Max Drawdown (10Y)Largest decline over 10 years | -52.08% | -49.22% | -2.86% |
Current DrawdownCurrent decline from peak | -1.84% | -12.46% | +10.62% |
Average DrawdownAverage peak-to-trough decline | -9.22% | -26.25% | +17.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 7.29% | -3.68% |
Volatility
UBVLX vs. BGSAX - Volatility Comparison
The current volatility for Undiscovered Managers Behavioral Value Fund (UBVLX) is 5.22%, while BlackRock Technology Opportunities Fund Investor A (BGSAX) has a volatility of 13.94%. This indicates that UBVLX 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
| UBVLX | BGSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.22% | 13.94% | -8.72% |
Volatility (6M)Calculated over the trailing 6-month period | 11.25% | 28.45% | -17.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.51% | 32.29% | -15.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.11% | 29.23% | -9.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.58% | 26.64% | -2.06% |
UBVLX vs. BGSAX - Expense Ratio Comparison
UBVLX has a 0.90% expense ratio, which is lower than BGSAX's 1.14% expense ratio.
Dividends
UBVLX vs. BGSAX - Dividend Comparison
UBVLX's dividend yield for the trailing twelve months is around 8.14%, less than BGSAX's 16.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGSAX BlackRock Technology Opportunities Fund Investor A | 16.87% | 13.55% | 8.68% | 0.00% | 0.00% | 7.66% | 4.86% | 1.50% | 1.24% | 8.01% | 1.17% | 0.00% |
UBVLX Undiscovered Managers Behavioral Value Fund | 8.14% | 9.41% | 7.39% | 8.35% | 8.96% | 3.44% | 0.99% | 4.98% | 11.62% | 4.67% | 3.24% | 3.80% |
Frequently Asked Questions
UBVLX and BGSAX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGSAX has higher volatility (13.94%) compared to UBVLX (5.22%). In terms of maximum drawdown, UBVLX dropped -67.24% vs BGSAX's -73.75%.
UBVLX currently has the higher Sharpe Ratio (1.31 vs 1.14), 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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