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 79. 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 | |
|---|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | 99 | — | Oct 2015 | BALPX vs VARBX | |
| NexPoint Merger Arbitrage Fund | 99 | — | Aug 2016 | BALPX vs HMEZX | |
| The Merger Fund Class I | 97 | — | Aug 2013 | BALPX vs MERIX | |
| The Arbitrage Fund Class Institutional | 96 | — | Oct 2003 | BALPX vs ARBNX | |
| Water Island Event-Driven Fund | 96 | — | Sep 2010 | BALPX vs AEDNX |
Top Performing BALPX Alternatives (YTD)
BALPX is at 2.84% YTD. There are 6 mutual funds in the Event Driven category with higher YTD returns, going as high as 8.11%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Gabelli Enterprise Mergers and Acquisitions Fund | 8.11% | — | Feb 2001 | BALPX vs EMAYX | |
| Water Island Event-Driven Fund | 4.53% | — | Sep 2010 | BALPX vs AEDNX | |
| Gabelli ABC Fund | 3.68% | — | May 1993 | BALPX vs GABCX | |
| Camelot Event-Driven Fund Institutional Class | 3.49% | — | Jun 2010 | BALPX vs EVDIX | |
| Camelot Event Driven Fund Class A | 3.30% | — | Nov 2003 | BALPX vs EVDAX |
Lowest Volatility Alternatives to BALPX
BALPX has 2.88% 1-year volatility. There are 8 mutual funds in the Event Driven category with lower 1-year volatility, going as low as 1.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | 1.00% | — | Oct 2015 | BALPX vs VARBX | |
| NexPoint Merger Arbitrage Fund | 1.26% | — | Aug 2016 | BALPX vs HMEZX | |
| The Merger Fund Class I | 1.48% | — | Aug 2013 | BALPX vs MERIX | |
| The Merger Fund | 1.52% | — | Jan 1989 | BALPX vs MERFX | |
| The Arbitrage Fund | 1.87% | — | Sep 2000 | BALPX vs ARBFX |
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 -0.28%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | -0.28% | — | 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 10 categories. AUM among these funds goes as high as $12B.
Often Compared With BALPX
Investors most often compare BALPX with WCFRX, DAMDX, ASFYX. These 12 comparison targets span 9 categories, based on PortfoliosLab usage data.
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