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% | 11.94M | 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 96. No mutual funds in the Long-Short category have higher risk-adjusted ranks; the top alternatives shown here go as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Boston Partners Long/Short Equity Fund | 94 | — | Nov 1998 | BDMIX vs BPLEX | |
| Persimmon Long/Short Fund | 88 | — | Dec 2012 | BDMIX vs LSEIX | |
| Vanguard Market Neutral Fund Institutional Shares | 88 | — | Oct 1998 | BDMIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 88 | 561.90M | Nov 1998 | BDMIX vs VMNFX | |
| Multi-Manager Directional Alternative Strategies F... | 84 | — | Jan 2017 | BDMIX vs CDAZX |
Top Performing BDMIX Alternatives (YTD)
BDMIX is at 13.03% YTD. There are 5 mutual funds in the Long-Short category with higher YTD returns, going as high as 14.62%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ACM Dynamic Opportunity Fund | 14.62% | — | Jan 2015 | BDMIX vs ADOIX | |
| Vanguard Market Neutral Fund Investor Shares | 14.39% | 561.90M | Nov 1998 | BDMIX vs VMNFX | |
| Vanguard Market Neutral Fund Institutional Shares | 14.39% | — | Oct 1998 | BDMIX vs VMNIX | |
| CRM Long/Short Opportunities Fund | 13.95% | — | Aug 2016 | BDMIX vs CRIHX | |
| Boston Partners Long/Short Equity Fund | 13.85% | — | Nov 1998 | BDMIX vs BPLEX |
Lowest Volatility Alternatives to BDMIX
BDMIX has 7.09% 1-year volatility. There are 7 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 5.29%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Neuberger Berman Long Short Fund | 5.29% | — | Dec 2011 | BDMIX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.56% | — | Dec 2012 | BDMIX vs ASILX | |
| MFS Managed Wealth Fund | 5.86% | — | Jun 2014 | BDMIX vs MNWIX | |
| Knights of Columbus Long/Short Equity Fund | 6.07% | — | Dec 2019 | BDMIX vs KCEIX | |
| Wilmington Global Alpha Equities Fund | 6.17% | — | Jan 2012 | BDMIX vs WRAIX |
Lowest Drawdown Alternatives to BDMIX
BDMIX has a 1-year max drawdown of -3.24%. 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 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 | 30 | 11.26% | — | Sep 2021 | BDMIX vs ECAT | |
| iShares S&P 500 Index Fund Class K | S&P 500 | 65 | 9.77% | — | Jul 1993 | BDMIX vs WFSPX | |
| BlackRock LifePath Index 2055 Fund | Target Retirement Date | 69 | 12.39% | — | May 2011 | BDMIX vs LIVIX | |
| Fidelity Asset Manager 70% Fund | Diversified Portfolio | 77 | 11.90% | — | Dec 1991 | BDMIX vs FASGX | |
| BlackRock Enhanced Equity Dividend Fund | Derivative Income | 28 | 1.80% | — | Aug 2005 | BDMIX vs BDJ | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | Systematic Trend | 64 | 11.89% | — | Jul 2010 | BDMIX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | Technology Equities | 69 | 43.67% | — | Apr 2000 | BDMIX vs BGSAX | |
| Fidelity Asset Manager 85% Fund | Diversified Portfolio | 77 | 14.17% | — | Sep 1999 | BDMIX vs FAMRX | |
| Fidelity Asset Manager 40% Fund | Diversified Portfolio | 79 | 7.45% | — | Oct 2007 | BDMIX vs FFANX | |
| Vanguard Tax-Managed Small-Cap Fund Admiral Shares | Small Cap Blend Equities | 69 | 20.11% | 10.70B | Mar 1999 | BDMIX vs VTMSX |
Often Compared With BDMIX
Investors most often compare BDMIX with SPY, BDMAX, 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 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