BlackRock Global Equity Market Neutral Fund Class I (BDMIX) 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 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 1.34% annually. No mutual funds in the Equity Market Neutral category have lower expense ratios; the lowest-cost alternatives shown here go as low as 1.51%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Gotham Neutral Fund Institutional Class | 1.51% | — | Aug 2013 | BDMIX vs GONIX | |
| BlackRock Global Equity Market Neutral Fund | 1.60% | — | Dec 2012 | BDMIX vs BDMAX | |
| AQR Equity Market Neutral Fund Class N | 1.62% | — | Oct 2014 | BDMIX vs QMNNX | |
| Bridgeway Global Opportunities Fund Class N | 1.63% | — | Oct 2024 | BDMIX vs BRGOX | |
| Miller Market Neutral Income Fund Class I | 1.69% | — | Dec 2023 | BDMIX vs MMNIX |
Best Risk-Adjusted Alternatives to BDMIX
BDMIX has a PortfoliosLab risk / return rank of 96. 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 | BDMIX vs MMNIX | |
| BlackRock Global Equity Market Neutral Fund | 96 | — | Dec 2012 | BDMIX vs BDMAX | |
| Bridgeway Global Opportunities Fund Class N | 89 | — | Oct 2024 | BDMIX vs BRGOX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 14 | — | Sep 2008 | BDMIX vs QQMNX | |
| AQR Equity Market Neutral Fund Class I | 7 | — | Oct 2014 | BDMIX vs QMNIX |
Top Performing BDMIX Alternatives (YTD)
BDMIX is at 11.25% YTD. No mutual funds in the Equity Market Neutral category have higher YTD returns; the top-performing alternatives shown here go as high as 11.09%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund | 11.09% | — | Dec 2012 | BDMIX vs BDMAX | |
| Bridgeway Global Opportunities Fund Class N | 5.78% | — | Oct 2024 | BDMIX vs BRGOX | |
| Miller Market Neutral Income Fund Class I | 4.22% | — | Dec 2023 | BDMIX vs MMNIX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 1.50% | — | Sep 2008 | BDMIX vs QQMNX | |
| Gotham Neutral Fund Institutional Class | -1.20% | — | Aug 2013 | BDMIX vs GONIX |
Lowest Volatility Alternatives to BDMIX
BDMIX has 7.26% 1-year volatility. There are 7 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 | BDMIX vs MMNIX | |
| Gotham Neutral Fund Institutional Class | 5.71% | — | Aug 2013 | BDMIX vs GONIX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 6.75% | — | Sep 2008 | BDMIX vs QQMNX | |
| AQR Equity Market Neutral Fund Class N | 6.80% | — | Oct 2014 | BDMIX vs QMNNX | |
| AQR Equity Market Neutral Fund Class I | 6.82% | — | Oct 2014 | BDMIX vs QMNIX |
Lowest Drawdown Alternatives to BDMIX
BDMIX has a 1-year max drawdown of -3.24%. 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 | BDMIX vs MMNIX | |
| BlackRock Global Equity Market Neutral Fund | -3.25% | — | Dec 2012 | BDMIX vs BDMAX | |
| Gotham Neutral Fund Institutional Class | -3.99% | — | Aug 2013 | BDMIX vs GONIX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | -4.37% | — | Sep 2008 | BDMIX vs QQMNX | |
| Bridgeway Global Opportunities Fund Class N | -4.37% | — | Oct 2024 | BDMIX vs BRGOX |
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 | BDMIX vs ECAT | |
| iShares S&P 500 Index Fund Class K | S&P 500 | 65 | 11.33% | — | Jul 1993 | BDMIX vs WFSPX | |
| BlackRock LifePath Index 2055 Fund | Target Retirement Date | 64 | 12.43% | — | May 2011 | BDMIX vs LIVIX | |
| Fidelity Asset Manager 70% Fund | Diversified Portfolio | 73 | 11.70% | — | Dec 1991 | BDMIX vs FASGX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | Systematic Trend | 51 | 9.56% | — | Jul 2010 | BDMIX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Fund | Derivative Income | 41 | 5.97% | — | Aug 2005 | BDMIX vs BDJ | |
| BlackRock Technology Opportunities Fund Investor A | Technology Equities | 50 | 34.57% | — | Apr 2000 | BDMIX vs BGSAX | |
| Fidelity Asset Manager 40% Fund | Diversified Portfolio | 72 | 6.74% | — | Oct 2007 | BDMIX vs FFANX | |
| Fidelity Asset Manager 85% Fund | Diversified Portfolio | 72 | 13.91% | — | Sep 1999 | BDMIX vs FAMRX | |
| Vanguard Tax-Managed Small-Cap Fund Admiral Shares | Small Cap Blend Equities | 68 | 21.86% | 10.70B | Mar 1999 | BDMIX vs VTMSX |
Often Compared With BDMIX
Investors most often compare BDMIX with VMNFX, SPY, CMNIX. 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 Equity Market Neutral 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