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 55. There are 10 mutual funds in the Event Driven category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| NexPoint Merger Arbitrage Fund | 99 | — | Aug 2016 | BILPX vs HMEZX | |
| The Merger Fund Class I | 98 | — | Aug 2013 | BILPX vs MERIX | |
| Vivaldi Merger Arbitrage Fund Class I | 98 | — | Oct 2015 | BILPX vs VARBX | |
| The Arbitrage Fund Class Institutional | 97 | — | Oct 2003 | BILPX vs ARBNX | |
| The Merger Fund | 97 | — | Jan 1989 | BILPX vs MERFX |
Top Performing BILPX Alternatives (YTD)
BILPX is at 1.35% YTD. There are 8 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 | |
| Gabelli ABC Fund | 4.60% | — | May 1993 | BILPX vs GABCX | |
| Camelot Event-Driven Fund Institutional Class | 3.13% | — | Jun 2010 | BILPX vs EVDIX | |
| Camelot Event Driven Fund Class A | 3.02% | — | Nov 2003 | BILPX vs EVDAX | |
| NexPoint Merger Arbitrage Fund | 1.72% | — | Aug 2016 | BILPX vs HMEZX |
Lowest Volatility Alternatives to BILPX
BILPX has 2.93% 1-year volatility. There are 11 mutual funds in the Event Driven category with lower 1-year volatility, going as low as 1.12%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | 1.12% | — | Oct 2015 | BILPX vs VARBX | |
| NexPoint Merger Arbitrage Fund | 1.23% | — | Aug 2016 | BILPX vs HMEZX | |
| The Merger Fund Class I | 1.40% | — | Aug 2013 | BILPX vs MERIX | |
| The Merger Fund | 1.43% | — | Jan 1989 | BILPX vs MERFX | |
| Virtus Westchester Credit Event Fund | 1.67% | — | 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 -0.47%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| 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 | |
| Vivaldi Merger Arbitrage Fund Class I | -0.64% | — | Oct 2015 | BILPX vs VARBX | |
| 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 NASDX, VFAIX, VTMFX and span 10 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 | BILPX vs NASDX | |
| Vanguard Financials Index Fund Admiral Shares | Financials Equities | 4 | -5.08% | 13.70B | Feb 2004 | BILPX vs VFAIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | Diversified Portfolio | 81 | 6.03% | 11.90B | Sep 1994 | BILPX vs VTMFX | |
| Vanguard Tax-Managed Capital Appreciation Fund Adm... | Large Cap Blend Equities | 70 | 11.31% | 28.60B | Sep 1994 | BILPX vs VTCLX | |
| iShares S&P 500 Index Fund | S&P 500 | 73 | 11.69% | — | Jul 1993 | BILPX vs WFSPX | |
| BlackRock ESG Capital Allocation Term Trust | Derivative Income, ESG | 28 | 11.23% | — | Sep 2021 | BILPX vs ECAT | |
| BlackRock LifePath Index 2055 Fund | Target Retirement Date | 69 | 13.10% | — | May 2011 | BILPX vs LIVIX | |
| BlackRock Global Long/Short Equity Fund Class I | Long-Short | 92 | 12.48% | — | Dec 2012 | BILPX vs BDMIX | |
| Fidelity Asset Manager 70% Fund | Diversified Portfolio | 77 | 11.93% | — | Dec 1991 | BILPX vs FASGX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | Systematic Trend | 67 | 15.25% | — | Jul 2010 | BILPX vs ASFYX |
Often Compared With BILPX
Investors most often compare BILPX with VOO, VTI, DEVDX. These 20 comparison targets span 15 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