BlackRock Global Equity Market Neutral Fund (BDMAX) belongs to the Equity Market Neutral category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with BDMAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BDMAX
BDMAX charges 1.60% annually. There are 2 mutual funds in the Equity Market Neutral category with lower expense ratios, going as low as 1.34%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 1.34% | — | Dec 2012 | BDMAX vs BDMIX | |
| Gotham Neutral Fund Institutional Class | 1.51% | — | Aug 2013 | BDMAX vs GONIX | |
| AQR Equity Market Neutral Fund Class N | 1.62% | — | Oct 2014 | BDMAX vs QMNNX | |
| Bridgeway Global Opportunities Fund Class N | 1.63% | — | Oct 2024 | BDMAX vs BRGOX | |
| Miller Market Neutral Income Fund Class I | 1.69% | — | Dec 2023 | BDMAX vs MMNIX |
Best Risk-Adjusted Alternatives to BDMAX
BDMAX has a PortfoliosLab risk / return rank of 96. There are 2 mutual funds in the Equity Market Neutral category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | 99 | — | Dec 2023 | BDMAX vs MMNIX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 96 | — | Dec 2012 | BDMAX vs BDMIX | |
| Bridgeway Global Opportunities Fund Class N | 89 | — | Oct 2024 | BDMAX vs BRGOX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 14 | — | Sep 2008 | BDMAX vs QQMNX | |
| AQR Equity Market Neutral Fund Class I | 7 | — | Oct 2014 | BDMAX vs QMNIX |
Top Performing BDMAX Alternatives (YTD)
BDMAX is at 11.09% YTD. There is 1 mutual fund in the Equity Market Neutral category with a higher YTD return, going as high as 11.25%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 11.25% | — | Dec 2012 | BDMAX vs BDMIX | |
| Bridgeway Global Opportunities Fund Class N | 5.78% | — | Oct 2024 | BDMAX vs BRGOX | |
| Miller Market Neutral Income Fund Class I | 4.22% | — | Dec 2023 | BDMAX vs MMNIX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 1.50% | — | Sep 2008 | BDMAX vs QQMNX | |
| Gotham Neutral Fund Institutional Class | -1.20% | — | Aug 2013 | BDMAX vs GONIX |
Lowest Volatility Alternatives to BDMAX
BDMAX has 7.25% 1-year volatility. There are 6 mutual funds in the Equity Market Neutral category with lower 1-year volatility, going as low as 1.60%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | 1.60% | — | Dec 2023 | BDMAX vs MMNIX | |
| Gotham Neutral Fund Institutional Class | 5.71% | — | Aug 2013 | BDMAX vs GONIX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 6.75% | — | Sep 2008 | BDMAX vs QQMNX | |
| AQR Equity Market Neutral Fund Class N | 6.80% | — | Oct 2014 | BDMAX vs QMNNX | |
| AQR Equity Market Neutral Fund Class I | 6.82% | — | Oct 2014 | BDMAX vs QMNIX |
Lowest Drawdown Alternatives to BDMAX
BDMAX has a 1-year max drawdown of -3.25%. There are 2 mutual funds in the Equity Market Neutral category with shallower 1-year drawdowns, going as shallow as -0.46%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | -0.46% | — | Dec 2023 | BDMAX vs MMNIX | |
| BlackRock Global Equity Market Neutral Fund Class ... | -3.24% | — | Dec 2012 | BDMAX vs BDMIX | |
| Gotham Neutral Fund Institutional Class | -3.99% | — | Aug 2013 | BDMAX vs GONIX | |
| Bridgeway Global Opportunities Fund Class N | -4.37% | — | Oct 2024 | BDMAX vs BRGOX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | -4.37% | — | Sep 2008 | BDMAX vs QQMNX |
Other Mutual Funds from BlackRock
The 10 most viewed BlackRock mutual funds shown here include ECAT, WFSPX, LIVIX and span 9 categories. AUM among these funds goes as high as $11B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| BlackRock ESG Capital Allocation Term Trust | Tactical Allocation, Derivative Income, ESG | 39 | 15.10% | — | Sep 2021 | BDMAX vs ECAT | |
| iShares S&P 500 Index Fund Class K | S&P 500 | 65 | 11.33% | — | Jul 1993 | BDMAX vs WFSPX | |
| BlackRock LifePath Index 2055 Fund | Target Retirement Date | 64 | 12.43% | — | May 2011 | BDMAX vs LIVIX | |
| Fidelity Asset Manager 70% Fund | Diversified Portfolio | 73 | 11.70% | — | Dec 1991 | BDMAX vs FASGX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | Systematic Trend | 51 | 9.56% | — | Jul 2010 | BDMAX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Fund | Derivative Income | 41 | 5.97% | — | Aug 2005 | BDMAX vs BDJ | |
| BlackRock Technology Opportunities Fund Investor A | Technology Equities | 50 | 34.57% | — | Apr 2000 | BDMAX vs BGSAX | |
| Fidelity Asset Manager 40% Fund | Diversified Portfolio | 72 | 6.74% | — | Oct 2007 | BDMAX vs FFANX | |
| Fidelity Asset Manager 85% Fund | Diversified Portfolio | 72 | 13.91% | — | Sep 1999 | BDMAX vs FAMRX | |
| Vanguard Tax-Managed Small-Cap Fund Admiral Shares | Small Cap Blend Equities | 68 | 21.86% | 10.70B | Mar 1999 | BDMAX vs VTMSX |
Often Compared With BDMAX
Investors most often compare BDMAX with IALT, FEQHX, FIOFX. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare BDMAX with Any Fund or Stock
Compare BDMAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BDMAX with funds that move differently
BlackRock Global Equity Market Neutral Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BDMAX.
Explore BDMAX Diversifiers