BlackRock Global Equity Market Neutral Fund Institutional Shares (BGCKX)

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BlackRock Global Equity Market Neutral Fund Institutional Shares (BGCKX) is up 12.5% since the beginning of the year. BGCKX is currently trading at $16 per share. Investors who bought $1,000 worth of BGCKX shares 5 years ago would now be looking at an investment worth $1,843.

BlackRock Global Equity Market Neutral Fund Institutional Shares (BGCKX) has returned 12.50% so far this year and 21.93% over the past 12 months. Over the last ten years, BGCKX has returned 8.39% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Mar 30, 2016, BGCKX's average daily return is +0.03%, while the average monthly return is +0.65%. At this rate, an investment would double in approximately 8.9 years.

Historically, 65% of months were positive and 35% were negative. The best month was Jan 2024 with a return of +4.3%, while the worst month was Sep 2020 at -3.2%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.

On a daily basis, BGCKX closed higher 48% of trading days. The best single day was Apr 30, 2020 with a return of +1.4%, while the worst single day was Mar 17, 2020 at -2.1%.

BlackRock Global Equity Market Neutral Fund Institutional Shares has an annualized alpha of 7.87%, beta of 0.03, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since March 31, 2016.

• This fund captured 17.57% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -17.61%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.03 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

BGCKX has a high expense ratio of 1.29%, indicating above-average management fees.

BGCKX ranks 91 for risk / return — in the top 91% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for BlackRock Global Equity Market Neutral Fund Institutional Shares (BGCKX) and compare them to S&P 500 Index.

BlackRock Global Equity Market Neutral Fund Institutional Shares provided a 7.96% dividend yield over the last twelve months, with an annual payout of $1.31 per share.

The table displays the monthly dividend distributions for BlackRock Global Equity Market Neutral Fund Institutional Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the BlackRock Global Equity Market Neutral Fund Institutional Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the BlackRock Global Equity Market Neutral Fund Institutional Shares was 9.47%, occurring on Mar 18, 2020. Recovery took 244 trading sessions.

The chart below shows the rolling one-month volatility.