BlackRock Event Driven Equity Fund Investor Class A (BALPX) belongs to the Event Driven category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with BALPX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BALPX
BALPX charges 1.51% annually. There are 9 mutual funds in the Event Driven category with lower expense ratios, going as low as 0.79%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Gabelli ABC Fund | 0.79% | — | May 1993 | BALPX vs GABCX | |
| Gabelli Enterprise Mergers and Acquisitions Fund | 1.01% | — | Feb 2001 | BALPX vs EMAYX | |
| BlackRock Event Driven Equity Fund | 1.16% | — | Dec 2007 | BALPX vs BILPX | |
| The Merger Fund Class I | 1.32% | — | Aug 2013 | BALPX vs MERIX | |
| The Arbitrage Fund | 1.43% | — | Sep 2000 | BALPX vs ARBFX |
Best Risk-Adjusted Alternatives to BALPX
BALPX has a PortfoliosLab risk / return rank of 73. There are 10 mutual funds in the Event Driven category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| NexPoint Merger Arbitrage Fund | 99 | — | Aug 2016 | BALPX vs HMEZX | |
| Vivaldi Merger Arbitrage Fund Class I | 98 | — | Oct 2015 | BALPX vs VARBX | |
| The Merger Fund Class I | 98 | — | Aug 2013 | BALPX vs MERIX | |
| Dunham Monthly Distribution Fund | 97 | — | Jul 2008 | BALPX vs DAMDX | |
| The Arbitrage Fund Class Institutional | 97 | — | Oct 2003 | BALPX vs ARBNX |
Top Performing BALPX Alternatives (YTD)
BALPX is at 2.03% YTD. There are 5 mutual funds in the Event Driven category with higher YTD returns, going as high as 6.87%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Gabelli Enterprise Mergers and Acquisitions Fund | 6.87% | — | Feb 2001 | BALPX vs EMAYX | |
| Gabelli ABC Fund | 3.68% | — | May 1993 | BALPX vs GABCX | |
| Water Island Event-Driven Fund | 2.89% | — | Sep 2010 | BALPX vs AEDNX | |
| Camelot Event-Driven Fund Institutional Class | 2.13% | — | Jun 2010 | BALPX vs EVDIX | |
| BlackRock Event Driven Equity Fund | 2.12% | — | Dec 2007 | BALPX vs BILPX |
Lowest Volatility Alternatives to BALPX
BALPX has 2.84% 1-year volatility. There are 9 mutual funds in the Event Driven category with lower 1-year volatility, going as low as 1.10%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | 1.10% | — | Oct 2015 | BALPX vs VARBX | |
| NexPoint Merger Arbitrage Fund | 1.27% | — | Aug 2016 | BALPX vs HMEZX | |
| The Merger Fund Class I | 1.51% | — | Aug 2013 | BALPX vs MERIX | |
| The Merger Fund | 1.53% | — | Jan 1989 | BALPX vs MERFX | |
| Virtus Westchester Credit Event Fund | 1.70% | — | Dec 2017 | BALPX vs WCFRX |
Lowest Drawdown Alternatives to BALPX
BALPX has a 1-year max drawdown of -1.51%. There are 10 mutual funds in the Event Driven category with shallower 1-year drawdowns, going as shallow as -0.37%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | -0.37% | — | Oct 2015 | BALPX vs VARBX | |
| The Merger Fund Class I | -0.47% | — | Aug 2013 | BALPX vs MERIX | |
| The Merger Fund | -0.52% | — | Jan 1989 | BALPX vs MERFX | |
| NexPoint Merger Arbitrage Fund | -0.55% | — | Aug 2016 | BALPX vs HMEZX | |
| The Arbitrage Fund | -0.88% | — | Sep 2000 | BALPX vs ARBFX |
Other Mutual Funds from BlackRock
The 10 most viewed BlackRock mutual funds shown here include ECAT, WFSPX, BDMIX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| BlackRock ESG Capital Allocation Term Trust | Tactical Allocation, Derivative Income, ESG | 34 | 12.06% | — | Sep 2021 | BALPX vs ECAT | |
| iShares S&P 500 Index Fund Class K | S&P 500 | 66 | 10.17% | — | Jul 1993 | BALPX vs WFSPX | |
| BlackRock Global Long/Short Equity Fund Class I | Long-Short | 95 | 12.96% | — | Dec 2012 | BALPX vs BDMIX | |
| BlackRock LifePath Index 2055 Fund | Target Retirement Date | 67 | 12.50% | — | May 2011 | BALPX vs LIVIX | |
| Fidelity Asset Manager 70% Fund | Diversified Portfolio | 76 | 12.03% | — | Dec 1991 | BALPX vs FASGX | |
| BlackRock Enhanced Equity Dividend Fund | Derivative Income | 31 | 2.24% | — | Aug 2005 | BALPX vs BDJ | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | Systematic Trend | 60 | 11.24% | — | Jul 2010 | BALPX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | Technology Equities | 66 | 43.57% | — | Apr 2000 | BALPX vs BGSAX | |
| Fidelity Asset Manager 40% Fund | Diversified Portfolio | 79 | 7.59% | — | Oct 2007 | BALPX vs FFANX | |
| Fidelity Asset Manager 85% Fund | Diversified Portfolio | 75 | 14.24% | — | Sep 1999 | BALPX vs FAMRX |
Often Compared With BALPX
Investors most often compare BALPX with EVDAX, VTMFX, VFAIX. These 5 comparison targets span 6 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Camelot Event Driven Fund Class A | Event Driven | 25 | 2.00% | — | Nov 2003 | BALPX vs EVDAX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | Diversified Portfolio, Municipal Bonds | 76 | 5.44% | 12.30B | Sep 1994 | BALPX vs VTMFX | |
| Vanguard Financials Index Fund Admiral Shares | Financials Equities | 8 | -1.21% | 13.50B | Feb 2004 | BALPX vs VFAIX | |
| Vanguard Tax-Managed Capital Appreciation Fund Adm... | Large Cap Blend Equities | 64 | 10.03% | 30.00B | Sep 1994 | BALPX vs VTCLX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | Large Cap Growth Equities | 70 | 20.41% | — | Jan 2000 | BALPX vs NASDX |
Compare BALPX with Any Fund or Stock
Compare BALPX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BALPX with funds that move differently
BlackRock Event Driven Equity Fund Investor Class A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BALPX.
Explore BALPX Diversifiers