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 is 1 mutual fund in the Equity Market Neutral category with a lower expense ratio, going as low as 1.51%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Gotham Neutral Fund Institutional Class | 1.51% | — | Aug 2013 | BDMAX vs GONIX | |
| 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 | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 1.86% | — | Sep 2008 | BDMAX vs QQMNX | |
| AQR Equity Market Neutral Fund N | 5.28% | — | Oct 2014 | BDMAX vs QMNNX |
Best Risk-Adjusted Alternatives to BDMAX
BDMAX has a PortfoliosLab risk / return rank of 91. There is 1 mutual fund in the Equity Market Neutral category with a higher risk-adjusted rank, 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 | |
| Bridgeway Global Opportunities Fund Class N | 47 | — | Oct 2024 | BDMAX vs BRGOX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 7 | — | Sep 2008 | BDMAX vs QQMNX | |
| AQR Equity Market Neutral Fund Class I | 6 | — | Oct 2014 | BDMAX vs QMNIX | |
| AQR Equity Market Neutral Fund N | 5 | — | Oct 2014 | BDMAX vs QMNNX |
Top Performing BDMAX Alternatives (YTD)
BDMAX is at 12.35% YTD. No mutual funds in the Equity Market Neutral category have higher YTD returns; the top-performing alternatives shown here go as high as 4.08%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Bridgeway Global Opportunities Fund Class N | 4.08% | — | Oct 2024 | BDMAX vs BRGOX | |
| Miller Market Neutral Income Fund Class I | 3.47% | — | Dec 2023 | BDMAX vs MMNIX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | -0.05% | — | Sep 2008 | BDMAX vs QQMNX | |
| Gotham Neutral Fund Institutional Class | -2.60% | — | Aug 2013 | BDMAX vs GONIX | |
| AQR Equity Market Neutral Fund Class I | -5.92% | — | Oct 2014 | BDMAX vs QMNIX |
Lowest Volatility Alternatives to BDMAX
BDMAX has 6.83% 1-year volatility. There are 5 mutual funds in the Equity Market Neutral category with lower 1-year volatility, going as low as 1.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | 1.56% | — | Dec 2023 | BDMAX vs MMNIX | |
| Gotham Neutral Fund Institutional Class | 5.46% | — | Aug 2013 | BDMAX vs GONIX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 6.71% | — | Sep 2008 | BDMAX vs QQMNX | |
| AQR Equity Market Neutral Fund Class I | 6.72% | — | Oct 2014 | BDMAX vs QMNIX | |
| AQR Equity Market Neutral Fund N | 6.74% | — | Oct 2014 | BDMAX vs QMNNX |
Lowest Drawdown Alternatives to BDMAX
BDMAX has a 1-year max drawdown of -3.55%. There is 1 mutual fund in the Equity Market Neutral category with a shallower 1-year drawdown, 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 | |
| Gotham Neutral Fund Institutional Class | -3.99% | — | Aug 2013 | BDMAX vs GONIX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | -4.37% | — | Sep 2008 | BDMAX vs QQMNX | |
| Bridgeway Global Opportunities Fund Class N | -4.37% | — | Oct 2024 | BDMAX vs BRGOX | |
| AQR Equity Market Neutral Fund Class I | -8.30% | — | Oct 2014 | BDMAX vs QMNIX |
Other Mutual Funds from BlackRock
The 10 most viewed BlackRock mutual funds shown here include NASDX, VFAIX, VTMFX and span 10 categories. AUM among these funds goes as high as $29B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Shelton Capital Management Nasdaq-100 Index Fund D... | Large Cap Growth Equities | 75 | 21.38% | — | Jan 2000 | BDMAX vs NASDX | |
| Vanguard Financials Index Fund Admiral Shares | Financials Equities | 4 | -5.08% | 13.70B | Feb 2004 | BDMAX vs VFAIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | Diversified Portfolio | 81 | 6.03% | 11.90B | Sep 1994 | BDMAX vs VTMFX | |
| Vanguard Tax-Managed Capital Appreciation Fund Adm... | Large Cap Blend Equities | 70 | 11.31% | 28.60B | Sep 1994 | BDMAX vs VTCLX | |
| iShares S&P 500 Index Fund | S&P 500 | 73 | 11.69% | — | Jul 1993 | BDMAX vs WFSPX | |
| BlackRock ESG Capital Allocation Term Trust | Derivative Income, ESG | 28 | 11.23% | — | Sep 2021 | BDMAX vs ECAT | |
| BlackRock LifePath Index 2055 Fund | Target Retirement Date | 69 | 13.10% | — | May 2011 | BDMAX vs LIVIX | |
| BlackRock Global Long/Short Equity Fund Class I | Long-Short | 92 | 12.48% | — | Dec 2012 | BDMAX vs BDMIX | |
| Fidelity Asset Manager 70% Fund | Diversified Portfolio | 77 | 11.93% | — | Dec 1991 | BDMAX vs FASGX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | Systematic Trend | 67 | 15.25% | — | Jul 2010 | BDMAX vs ASFYX |
Often Compared With BDMAX
Investors most often compare BDMAX with IALT, FIOFX, FEQHX. These 20 comparison targets span 15 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