- CUSIP
- 09250J742
- Issuer
- BlackRock
- Inception Date
- Dec 19, 2007
- Category
- Event Driven
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
BALPX Performance Chart
BlackRock Event Driven Equity Fund Investor Class A (BALPX) is up 2.0% since the beginning of the year. BALPX is currently trading at $10 per share. Investors who bought $1,000 worth of BALPX shares 5 years ago would now be looking at an investment worth $1,193.
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Returns By Period
BlackRock Event Driven Equity Fund Investor Class A (BALPX) has returned 2.03% so far this year and 5.82% over the past 12 months. Over the last ten years, BALPX has returned 5.67% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
BlackRock Event Driven Equity Fund Investor Class A
- 1D
- 0.00%
- 1M
- 0.20%
- YTD
- 2.03%
- 6M
- 2.03%
- 1Y
- 5.82%
- 3Y*
- 6.62%
- 5Y*
- 3.60%
- 10Y*
- 5.67%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BALPX Monthly Returns History
Based on dividend-adjusted daily data since Dec 20, 2007, BALPX's average daily return is +0.03%, while the average monthly return is +0.50%. At this rate, an investment would double in approximately 11.6 years.
Historically, 65% of months were positive and 35% were negative. The best month was Oct 2011 with a return of +13.4%, while the worst month was Oct 2008 at -14.2%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.
On a daily basis, BALPX closed higher 46% of trading days. The best single day was Oct 13, 2008 with a return of +10.9%, while the worst single day was Aug 8, 2011 at -8.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.41% | 1.42% | -0.60% | 1.21% | 0.10% | 0.30% | 2.03% | ||||||
| 2025 | 1.16% | 0.42% | -0.21% | 1.45% | 1.33% | 1.11% | 0.50% | 0.71% | -0.10% | -0.00% | 0.61% | 0.93% | 8.19% |
| 2024 | -0.53% | 0.74% | 0.42% | -0.94% | 0.53% | -0.10% | 1.89% | 0.52% | -0.00% | -0.92% | 1.04% | 1.32% | 3.98% |
| 2023 | 1.41% | -0.43% | -0.21% | 0.11% | -2.47% | 1.65% | 1.19% | 0.54% | -0.21% | -1.39% | 2.60% | 2.38% | 5.15% |
| 2022 | -0.74% | 1.06% | -0.32% | -0.74% | -0.21% | -1.17% | 0.94% | 0.64% | -1.27% | 1.51% | 0.00% | 0.10% | -0.25% |
| 2021 | -0.21% | 0.31% | 0.52% | 1.77% | 0.61% | -0.61% | -1.62% | 0.21% | 0.00% | 0.00% | -0.00% | 0.64% | 1.61% |
Benchmark Metrics
BlackRock Event Driven Equity Fund Investor Class A has an annualized alpha of 0.28%, beta of 0.56, and R2 of 0.59 versus S&P 500 Index. Calculated based on daily prices since December 20, 2007.
- This fund participated in 55.37% of S&P 500 Index downside but only 47.88% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.56 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.28%
- Beta
- 0.56
- R²
- 0.59
- Upside Capture
- 47.88%
- Downside Capture
- 55.37%
Expense Ratio
BALPX has a high expense ratio of 1.51%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BALPX ranks 73 for risk / return — better than 73% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BlackRock Event Driven Equity Fund Investor Class A (BALPX) and compare them to S&P 500 Index.
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.
| BALPX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.87 | 2.78 | +1.09 |
| Martin ratioReturn relative to average drawdown | 14.75 | 12.44 | +2.31 |
Dividends
Dividend History
BlackRock Event Driven Equity Fund Investor Class A provided a 4.10% dividend yield over the last twelve months, with an annual payout of $0.41 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.41 | $0.37 | $0.18 | $0.24 | $0.24 | $0.29 | $0.31 | $0.17 | $0.44 | $0.77 | $6.41 |
Dividend yield | 4.10% | 4.18% | 3.88% | 1.93% | 2.55% | 2.57% | 3.01% | 3.35% | 1.84% | 5.02% | 9.00% | 77.25% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Event Driven Equity Fund Investor Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.41 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.37 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.24 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the BlackRock Event Driven Equity Fund Investor Class A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BlackRock Event Driven Equity Fund Investor Class A was 47.69%, occurring on Mar 9, 2009. Recovery took 536 trading sessions.
The current BlackRock Event Driven Equity Fund Investor Class A drawdown is 0.10%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -47.69%Mar 2009 | 1y 2mo | 2y 1mo | 3y 3moDec 2007 - Apr 2011 |
2011 bear market2011 | -25.67%Oct 2011 | 2mo 27d | 11mo 23d | 1y 2moJul 2011 - Sep 2012 |
COVID crash2020 | -11.54%Mar 2020 | 23d | 2mo 18d | 3mo 11dFeb 2020 - Jun 2020 |
2014 pullback2014 | -9.09%Oct 2014 | 26d | 16d | 1mo 12dSep 2014 - Oct 2014 |
2012 pullback2012 | -8.55%Nov 2012 | 1mo 11d | 1mo 20d | 3mo 1dOct 2012 - Jan 2013 |
Drawdown Indicators
| BALPX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.69% | -56.78% | +9.09% |
Max Drawdown (1Y)Largest decline over 1 year | -1.51% | -9.10% | +7.59% |
Max Drawdown (3Y)Largest decline over 3 years | -3.30% | -18.90% | +15.60% |
Max Drawdown (5Y)Largest decline over 5 years | -4.74% | -25.43% | +20.69% |
Max Drawdown (10Y)Largest decline over 10 years | -11.54% | -33.92% | +22.38% |
Current DrawdownCurrent decline from peak | -0.10% | -1.80% | +1.70% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -10.71% | +5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 2.03% | -1.63% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with BALPX
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