BlackRock Global Equity Market Neutral Fund (BDMAX) Alternatives

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 funds that fit a different role in your portfolio.

Cheapest Alternatives to BDMAX

BDMAX charges 1.60% annually. Among mutual funds in the Equity Market Neutral category, these options have the lowest expense ratios among BDMAX alternatives.

Symbol	Name	Expense Ratio	Inception
GONIX	Gotham Neutral Fund Institutional Class	1.51%	Aug 30, 2013	BDMAX vs GONIX
BRGOX	Bridgeway Global Opportunities Fund Class N	1.63%	Oct 15, 2024	BDMAX vs BRGOX
MMNIX	Miller Market Neutral Income Fund Class I	1.69%	Dec 29, 2023	BDMAX vs MMNIX
QQMNX	Federated Hermes MDT Market Neutral Fund Instituti...	1.86%	Sep 30, 2008	BDMAX vs QQMNX
QMNNX	AQR Equity Market Neutral Fund N	5.28%	Oct 7, 2014	BDMAX vs QMNNX

Best Risk-Adjusted Alternatives to BDMAX

Among mutual funds in the Equity Market Neutral category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
MMNIX	Miller Market Neutral Income Fund Class I	99	Dec 29, 2023	BDMAX vs MMNIX
BRGOX	Bridgeway Global Opportunities Fund Class N	97	Oct 15, 2024	BDMAX vs BRGOX
QMNIX	AQR Equity Market Neutral Fund Class I	81	Oct 7, 2014	BDMAX vs QMNIX
QMNNX	AQR Equity Market Neutral Fund N	80	Oct 7, 2014	BDMAX vs QMNNX
QQMNX	Federated Hermes MDT Market Neutral Fund Instituti...	74	Sep 30, 2008	BDMAX vs QQMNX

Top Performing BDMAX Alternatives (YTD)

BDMAX alternatives from the Equity Market Neutral category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
BRGOX	Bridgeway Global Opportunities Fund Class N	6.16%	Oct 15, 2024	BDMAX vs BRGOX
QQMNX	Federated Hermes MDT Market Neutral Fund Instituti...	1.46%	Sep 30, 2008	BDMAX vs QQMNX
MMNIX	Miller Market Neutral Income Fund Class I	1.45%	Dec 29, 2023	BDMAX vs MMNIX
GONIX	Gotham Neutral Fund Institutional Class	-1.40%	Aug 30, 2013	BDMAX vs GONIX
QMNIX	AQR Equity Market Neutral Fund Class I	-3.36%	Oct 7, 2014	BDMAX vs QMNIX

Lowest Volatility Alternatives to BDMAX

BDMAX alternatives from the Equity Market Neutral category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
MMNIX	Miller Market Neutral Income Fund Class I	1.71%	Dec 29, 2023	BDMAX vs MMNIX
QMNNX	AQR Equity Market Neutral Fund N	6.30%	Oct 7, 2014	BDMAX vs QMNNX
QMNIX	AQR Equity Market Neutral Fund Class I	6.32%	Oct 7, 2014	BDMAX vs QMNIX
QQMNX	Federated Hermes MDT Market Neutral Fund Instituti...	6.49%	Sep 30, 2008	BDMAX vs QQMNX
GONIX	Gotham Neutral Fund Institutional Class	6.72%	Aug 30, 2013	BDMAX vs GONIX

Lowest Drawdown Alternatives to BDMAX

BDMAX alternatives from the Equity Market Neutral category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
MMNIX	Miller Market Neutral Income Fund Class I	-0.46%	Dec 29, 2023	BDMAX vs MMNIX
BRGOX	Bridgeway Global Opportunities Fund Class N	-3.78%	Oct 15, 2024	BDMAX vs BRGOX
GONIX	Gotham Neutral Fund Institutional Class	-4.13%	Aug 30, 2013	BDMAX vs GONIX
QQMNX	Federated Hermes MDT Market Neutral Fund Instituti...	-4.37%	Sep 30, 2008	BDMAX vs QQMNX
QMNIX	AQR Equity Market Neutral Fund Class I	-5.43%	Oct 7, 2014	BDMAX vs QMNIX

Other Mutual Funds from BlackRock

Most popular BlackRock mutual funds on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
NASDX	Shelton Capital Management Nasdaq-100 Index Fund D...	Large Cap Growth Equities	51	-9.12%	Jan 18, 2000	BDMAX vs NASDX
VFAIX	Vanguard Financials Index Fund Admiral Shares	Financials Equities	7	-11.11%	Feb 4, 2004	BDMAX vs VFAIX
VTMFX	Vanguard Tax-Managed Balanced Fund Admiral Shares	Diversified Portfolio	68	-3.56%	Sep 6, 1994	BDMAX vs VTMFX
VTCLX	Vanguard Tax-Managed Capital Appreciation Fund Adm...	Large Cap Blend Equities	46	-6.78%	Sep 6, 1994	BDMAX vs VTCLX
WFSPX	iShares S&P 500 Index Fund	S&P 500	46	-7.06%	Jul 30, 1993	BDMAX vs WFSPX
ECAT	BlackRock ESG Capital Allocation Term Trust	Derivative Income, ESG	16	-6.71%	Sep 28, 2021	BDMAX vs ECAT
LIVIX	BlackRock LifePath Index 2055 Fund	Target Retirement Date	62	-4.27%	May 30, 2011	BDMAX vs LIVIX
FASGX	Fidelity Asset Manager 70% Fund	Diversified Portfolio	70	-2.99%	Dec 30, 1991	BDMAX vs FASGX
ASFYX	AlphaSimplex Managed Futures Strategy Fund Class Y	Systematic Trend	8	6.59%	Jul 30, 2010	BDMAX vs ASFYX
BDJ	BlackRock Enhanced Equity Dividend Fund	Derivative Income	27	-7.23%	Aug 30, 2005	BDMAX vs BDJ

Often Compared With BDMAX

What investors most often compare with BDMAX, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
BDMIX	BlackRock Global Long/Short Equity Fund Class I	Long-Short	96	3.57%	Dec 20, 2012	BDMAX vs BDMIX
POW.TO	Power Corporation of Canada		86	-8.20%	—	BDMAX vs POW.TO
FTLS	First Trust Long/Short Equity ETF	Long-Short, Actively Managed	68	-0.80%	Sep 9, 2014	BDMAX vs FTLS
IALT	iShares Systematic Alternatives Active ETF	Multistrategy	—	7.75%	Dec 9, 2025	BDMAX vs IALT
SPXL	Direxion Daily S&P 500 Bull 3X Shares	Leveraged Equities, S&P 500	45	-15.99%	Nov 5, 2008	BDMAX vs SPXL
FIOFX	Fidelity Freedom Index 2045 Fund Investor Class	Target Retirement Date	65	-4.08%	Oct 2, 2009	BDMAX vs FIOFX
FLRG	Fidelity U.S. Multifactor ETF	Large Cap Growth Equities	53	-2.67%	Sep 15, 2020	BDMAX vs FLRG
FEQHX	Fidelity Hedged Equity Fund	Large Cap Blend Equities	58	-5.70%	Sep 8, 2022	BDMAX vs FEQHX
VOO	Vanguard S&P 500 ETF	S&P 500	65	-4.42%	Sep 7, 2010	BDMAX vs VOO
BAMBX	BlackRock Systematic Multi-Strategy Fund	Multistrategy	30	0.97%	Sep 29, 2020	BDMAX vs BAMBX
FFNOX	Fidelity Multi-Asset Index Fund	Diversified Portfolio	63	-3.78%	Jun 29, 1999	BDMAX vs FFNOX
SPATX	Symmetry Panoramic Alternatives Fund	Multistrategy	97	5.61%	Nov 11, 2018	BDMAX vs SPATX
ANGLX	Angel Oak Multi-Strategy Income Fund	Multisector Bonds	97	0.41%	Jun 27, 2011	BDMAX vs ANGLX
FFFGX	Fidelity Freedom 2045 Fund	Target Retirement Date	71	-3.32%	Jun 1, 2006	BDMAX vs FFFGX
VMNFX	Vanguard Market Neutral Fund Investor Shares	Long-Short	93	6.09%	Nov 11, 1998	BDMAX vs VMNFX
BGCKX	BlackRock Global Equity Market Neutral Fund Instit...	Equity Market Neutral	96	3.62%	Jan 29, 2016	BDMAX vs BGCKX
FFGX	Fidelity Fundamental Global ex-U.S. ETF	Foreign Large Cap Equities	60	0.24%	Nov 19, 2024	BDMAX vs FFGX
IAUM	iShares Gold Trust Micro	Gold, Precious Metals	88	8.63%	Jun 15, 2021	BDMAX vs IAUM
SPY	State Street SPDR S&P 500 ETF	S&P 500	64	-4.37%	Jan 22, 1993	BDMAX vs SPY
BND	Vanguard Total Bond Market ETF	Total Bond Market	59	0.05%	Apr 3, 2007	BDMAX vs BND

Compare BDMAX with Any Fund or Stock

Compare BDMAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

BlackRock Global Equity Market Neutral Fund

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