BlackRock Global Long/Short Equity Fund Class I (BDMIX) belongs to the Long-Short category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with BDMIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BDMIX
BDMIX charges 1.57% annually. There are 26 mutual funds in the Long-Short category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parvin Hedged Equity Solari World Fund | 0.01% | — | Jan 2021 | BDMIX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | — | Jun 2014 | BDMIX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | 11.58M | Jan 2026 | BDMIX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | — | Nov 2009 | BDMIX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | — | Dec 2012 | BDMIX vs BTPIX |
Best Risk-Adjusted Alternatives to BDMIX
BDMIX has a PortfoliosLab risk / return rank of 92. There are 3 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| John Hancock Disciplined Value Global Long/Short F... | 94 | — | Apr 2014 | BDMIX vs JAKVX | |
| John Hancock Disciplined Value Global Long/Short F... | 94 | — | Dec 2013 | BDMIX vs JAKRX | |
| Boston Partners Long/Short Equity Fund | 94 | — | Nov 1998 | BDMIX vs BPLEX | |
| Gotham Absolute Return Fund | 88 | — | Aug 2012 | BDMIX vs GARIX | |
| AB Select US Long/Short Portfolio | 80 | — | Dec 2012 | BDMIX vs ASILX |
Top Performing BDMIX Alternatives (YTD)
BDMIX is at 12.48% YTD. There are 4 mutual funds in the Long-Short category with higher YTD returns, going as high as 18.07%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Guggenheim Alpha Opportunity Fund | 18.07% | — | Jul 2003 | BDMIX vs SAOAX | |
| ACM Dynamic Opportunity Fund | 13.72% | — | Jan 2015 | BDMIX vs ADOIX | |
| John Hancock Disciplined Value Global Long/Short F... | 13.49% | — | Apr 2014 | BDMIX vs JAKVX | |
| John Hancock Disciplined Value Global Long/Short F... | 13.30% | — | Dec 2013 | BDMIX vs JAKRX | |
| Anchor Risk Managed Equity Strategies Fund | 12.48% | — | Sep 2016 | BDMIX vs ATESX |
Lowest Volatility Alternatives to BDMIX
BDMIX has 6.83% 1-year volatility. There are 7 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 4.91%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Neuberger Berman Long Short Fund | 4.91% | — | Dec 2011 | BDMIX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.31% | — | Dec 2012 | BDMIX vs ASILX | |
| MFS Managed Wealth Fund | 5.54% | — | Jun 2014 | BDMIX vs MNWIX | |
| Knights of Columbus Long/Short Equity Fund | 5.85% | — | Dec 2019 | BDMIX vs KCEIX | |
| Wilmington Global Alpha Equities Fund | 5.91% | — | Jan 2012 | BDMIX vs WRAIX |
Lowest Drawdown Alternatives to BDMIX
BDMIX has a 1-year max drawdown of -3.54%. There are 2 mutual funds in the Long-Short category with shallower 1-year drawdowns, going as shallow as -2.82%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Knights of Columbus Long/Short Equity Fund | -2.82% | — | Dec 2019 | BDMIX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | -3.01% | — | Sep 2006 | BDMIX vs GTAPX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | BDMIX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | BDMIX vs GARIX | |
| Persimmon Long/Short Fund | -3.90% | — | Dec 2012 | BDMIX vs LSEIX |
Other Mutual Funds from BlackRock
The 10 most viewed BlackRock mutual funds shown here include NASDX, VFAIX, VTMFX and span 9 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 | BDMIX vs NASDX | |
| Vanguard Financials Index Fund Admiral Shares | Financials Equities | 4 | -5.08% | 13.70B | Feb 2004 | BDMIX vs VFAIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | Diversified Portfolio | 81 | 6.03% | 11.90B | Sep 1994 | BDMIX vs VTMFX | |
| Vanguard Tax-Managed Capital Appreciation Fund Adm... | Large Cap Blend Equities | 70 | 11.31% | 28.60B | Sep 1994 | BDMIX vs VTCLX | |
| iShares S&P 500 Index Fund | S&P 500 | 73 | 11.69% | — | Jul 1993 | BDMIX vs WFSPX | |
| BlackRock ESG Capital Allocation Term Trust | Derivative Income, ESG | 28 | 11.23% | — | Sep 2021 | BDMIX vs ECAT | |
| BlackRock LifePath Index 2055 Fund | Target Retirement Date | 69 | 13.10% | — | May 2011 | BDMIX vs LIVIX | |
| Fidelity Asset Manager 70% Fund | Diversified Portfolio | 77 | 11.93% | — | Dec 1991 | BDMIX vs FASGX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | Systematic Trend | 67 | 15.25% | — | Jul 2010 | BDMIX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Fund | Derivative Income | 22 | 0.25% | — | Aug 2005 | BDMIX vs BDJ |
Often Compared With BDMIX
Investors most often compare BDMIX with VMNFX, SPY, BDMAX. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare BDMIX with Any Fund or Stock
Compare BDMIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BDMIX with funds that move differently
BlackRock Global Long/Short Equity Fund Class I alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BDMIX.
Explore BDMIX Diversifiers