BlackRock Systematic Multi-Strategy Fund (BAMBX) belongs to the Multistrategy category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with BAMBX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BAMBX
BAMBX charges 1.20% annually. There are 15 mutual funds in the Multistrategy category with lower expense ratios, going as low as 0.18%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aspiriant Defensive Allocation Fund | 0.18% | — | Dec 2015 | BAMBX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | BAMBX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | BAMBX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | BAMBX vs GAAVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.72% | — | Jan 2009 | BAMBX vs JAAAX |
Best Risk-Adjusted Alternatives to BAMBX
BAMBX has a PortfoliosLab risk / return rank of 10. There are 43 mutual funds in the Multistrategy category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Stone Ridge Reinsurance Risk Premium Interval Fund | 100 | — | Dec 2013 | BAMBX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | BAMBX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | BAMBX vs FSLTX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | BAMBX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 99 | — | Jan 2009 | BAMBX vs ADANX |
Top Performing BAMBX Alternatives (YTD)
BAMBX is at 0.29% YTD. There are 46 mutual funds in the Multistrategy category with higher YTD returns, going as high as 18.70%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 18.70% | — | Sep 2017 | BAMBX vs QRPRX | |
| AQR Alternative Risk Premia Fund | 18.56% | — | Sep 2017 | BAMBX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 18.48% | — | Sep 2017 | BAMBX vs QRPNX | |
| AQR Style Premia Alternative R6 | 13.20% | — | Sep 2014 | BAMBX vs QSPRX | |
| AQR Style Premia Alternative Fund | 13.18% | — | Oct 2013 | BAMBX vs QSPIX |
Lowest Volatility Alternatives to BAMBX
BAMBX has 4.31% 1-year volatility. There are 22 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.22%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.22% | — | Aug 2017 | BAMBX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class N | 1.45% | — | Jan 2009 | BAMBX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | 1.46% | — | Jan 2009 | BAMBX vs ADAIX | |
| Strategic Advisers Alternatives Fund | 2.23% | — | Jul 2022 | BAMBX vs FSLTX | |
| Morningstar Alternatives Fund | 2.32% | — | Nov 2018 | BAMBX vs MSTVX |
Lowest Drawdown Alternatives to BAMBX
BAMBX has a 1-year max drawdown of -5.19%. There are 40 mutual funds in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -0.39%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Diversified Arbitrage Fund Class N | -0.39% | — | Jan 2009 | BAMBX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.46% | — | Jan 2009 | BAMBX vs ADAIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | BAMBX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | BAMBX vs SRRIX | |
| Strategic Advisers Alternatives Fund | -0.86% | — | Jul 2022 | BAMBX vs FSLTX |
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 | 40 | 14.87% | — | Sep 2021 | BAMBX vs ECAT | |
| iShares S&P 500 Index Fund Class K | S&P 500 | 68 | 11.30% | — | Jul 1993 | BAMBX vs WFSPX | |
| BlackRock Global Equity Market Neutral Fund Class ... | Equity Market Neutral | 96 | 11.80% | — | Dec 2012 | BAMBX vs BDMIX | |
| BlackRock LifePath Index 2055 Fund | Target Retirement Date | 68 | 12.25% | — | May 2011 | BAMBX vs LIVIX | |
| Fidelity Asset Manager 70% Fund | Diversified Portfolio | 77 | 11.70% | — | Dec 1991 | BAMBX vs FASGX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | Systematic Trend | 55 | 9.82% | — | Jul 2010 | BAMBX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Fund | Derivative Income | 43 | 6.43% | — | Aug 2005 | BAMBX vs BDJ | |
| BlackRock Technology Opportunities Fund Investor A | Technology Equities | 41 | 31.15% | — | Apr 2000 | BAMBX vs BGSAX | |
| Fidelity Asset Manager 40% Fund | Diversified Portfolio | 80 | 7.36% | — | Oct 2007 | BAMBX vs FFANX | |
| Fidelity Asset Manager 85% Fund | Diversified Portfolio | 76 | 13.91% | — | Sep 1999 | BAMBX vs FAMRX |
Often Compared With BAMBX
Investors most often compare BAMBX with GSRTX, GIMMX, QDSNX. These 19 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare BAMBX with Any Fund or Stock
Compare BAMBX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BAMBX with funds that move differently
BlackRock Systematic Multi-Strategy Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BAMBX.
Explore BAMBX Diversifiers