BlackRock Event Driven Equity Fund (BILPX) belongs to the Event Driven category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with BILPX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BILPX
BILPX charges 1.16% annually. There are 2 mutual funds in the Event Driven category with lower expense ratios, going as low as 0.79%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Gabelli ABC Fund | 0.79% | — | May 1993 | BILPX vs GABCX | |
| Gabelli Enterprise Mergers and Acquisitions Fund | 1.01% | — | Feb 2001 | BILPX vs EMAYX | |
| The Merger Fund Class I | 1.32% | — | Aug 2013 | BILPX vs MERIX | |
| The Arbitrage Fund | 1.43% | — | Sep 2000 | BILPX vs ARBFX | |
| Water Island Event-Driven Fund | 1.44% | — | Sep 2010 | BILPX vs AEDNX |
Best Risk-Adjusted Alternatives to BILPX
BILPX has a PortfoliosLab risk / return rank of 80. There are 8 mutual funds in the Event Driven category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | 99 | — | Oct 2015 | BILPX vs VARBX | |
| NexPoint Merger Arbitrage Fund | 99 | — | Aug 2016 | BILPX vs HMEZX | |
| The Merger Fund Class I | 98 | — | Aug 2013 | BILPX vs MERIX | |
| The Arbitrage Fund Class Institutional | 97 | — | Oct 2003 | BILPX vs ARBNX | |
| The Arbitrage Fund | 97 | — | Sep 2000 | BILPX vs ARBFX |
Top Performing BILPX Alternatives (YTD)
BILPX is at 2.98% YTD. There are 3 mutual funds in the Event Driven category with higher YTD returns, going as high as 7.89%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Gabelli Enterprise Mergers and Acquisitions Fund | 7.89% | — | Feb 2001 | BILPX vs EMAYX | |
| Water Island Event-Driven Fund | 4.22% | — | Sep 2010 | BILPX vs AEDNX | |
| Gabelli ABC Fund | 3.50% | — | May 1993 | BILPX vs GABCX | |
| BlackRock Event Driven Equity Fund Investor Class ... | 2.84% | — | Dec 2007 | BILPX vs BALPX | |
| Camelot Event-Driven Fund Institutional Class | 2.50% | — | Jun 2010 | BILPX vs EVDIX |
Lowest Volatility Alternatives to BILPX
BILPX has 2.97% 1-year volatility. There are 10 mutual funds in the Event Driven category with lower 1-year volatility, going as low as 0.99%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | 0.99% | — | Oct 2015 | BILPX vs VARBX | |
| NexPoint Merger Arbitrage Fund | 1.25% | — | Aug 2016 | BILPX vs HMEZX | |
| The Merger Fund Class I | 1.54% | — | Aug 2013 | BILPX vs MERIX | |
| The Merger Fund | 1.57% | — | Jan 1989 | BILPX vs MERFX | |
| Virtus Westchester Credit Event Fund | 1.76% | — | Dec 2017 | BILPX vs WCFRX |
Lowest Drawdown Alternatives to BILPX
BILPX has a 1-year max drawdown of -1.53%. There are 11 mutual funds in the Event Driven category with shallower 1-year drawdowns, going as shallow as -0.28%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | -0.28% | — | Oct 2015 | BILPX vs VARBX | |
| The Merger Fund Class I | -0.47% | — | Aug 2013 | BILPX vs MERIX | |
| The Merger Fund | -0.52% | — | Jan 1989 | BILPX vs MERFX | |
| NexPoint Merger Arbitrage Fund | -0.55% | — | Aug 2016 | BILPX vs HMEZX | |
| The Arbitrage Fund | -0.88% | — | Sep 2000 | BILPX vs ARBFX |
Other Mutual Funds from BlackRock
The 10 most viewed BlackRock mutual funds shown here include ECAT, WFSPX, BDMIX and span 9 categories.
| 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 | BILPX vs ECAT | |
| iShares S&P 500 Index Fund Class K | S&P 500 | 65 | 11.33% | — | Jul 1993 | BILPX vs WFSPX | |
| BlackRock Global Equity Market Neutral Fund Class ... | Equity Market Neutral | 96 | 11.25% | — | Dec 2012 | BILPX vs BDMIX | |
| BlackRock LifePath Index 2055 Fund | Target Retirement Date | 64 | 12.43% | — | May 2011 | BILPX vs LIVIX | |
| Fidelity Asset Manager 70% Fund | Diversified Portfolio | 73 | 11.70% | — | Dec 1991 | BILPX vs FASGX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | Systematic Trend | 51 | 9.56% | — | Jul 2010 | BILPX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Fund | Derivative Income | 41 | 5.97% | — | Aug 2005 | BILPX vs BDJ | |
| BlackRock Technology Opportunities Fund Investor A | Technology Equities | 50 | 34.57% | — | Apr 2000 | BILPX vs BGSAX | |
| Fidelity Asset Manager 40% Fund | Diversified Portfolio | 72 | 6.74% | — | Oct 2007 | BILPX vs FFANX | |
| Fidelity Asset Manager 85% Fund | Diversified Portfolio | 72 | 13.91% | — | Sep 1999 | BILPX vs FAMRX |
Often Compared With BILPX
Investors most often compare BILPX with VOO, VTI, EVDAX. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare BILPX with Any Fund or Stock
Compare BILPX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BILPX with funds that move differently
BlackRock Event Driven Equity Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BILPX.
Explore BILPX Diversifiers