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^CASHX vs. BDMIX
Performance
Return for Risk
Drawdowns
Volatility

^CASHX vs. BDMIX

Last updated Jun 9, 2026

^CASHX (US Money Market Index) is an index, while BDMIX (BlackRock Global Long/Short Equity Fund Class I) is Long-Short fund managed by BlackRock. Over the past 10 years, ^CASHX returned 2.32%/yr vs 8.32%/yr for BDMIX. At a 0.03 correlation, their price movements are largely independent.

Performance

^CASHX vs. BDMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in US Money Market Index (^CASHX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ^CASHX achieves a 1.54% return, which is significantly lower than BDMIX's 11.87% return. Over the past 10 years, ^CASHX has underperformed BDMIX with an annualized return of 2.32%, while BDMIX has yielded a comparatively higher 8.32% annualized return.

^CASHX

1D
0.01%
1M
0.26%
YTD
1.54%
6M
1.77%
1Y
3.88%
3Y*
4.64%
5Y*
3.52%
10Y*
2.32%

BDMIX

1D
-1.21%
1M
3.62%
YTD
11.87%
6M
14.41%
1Y
21.04%
3Y*
21.66%
5Y*
12.77%
10Y*
8.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

^CASHX vs. BDMIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
^CASHX
US Money Market Index		1.54%4.21%5.16%5.03%1.68%0.08%0.37%2.16%1.83%1.00%
BDMIX
BlackRock Global Long/Short Equity Fund Class I		11.87%18.30%21.39%14.55%1.80%3.34%0.29%-0.85%2.20%12.85%

Correlation

The correlation between ^CASHX and BDMIX is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.04

Correlation (3Y)
Calculated over the trailing 3-year period

0.01

Correlation (5Y)
Calculated over the trailing 5-year period

0.05

Correlation (10Y)
Calculated over the trailing 10-year period

0.04

Correlation (All Time)
Calculated using the full available price history since Jan 3, 2013

0.03

Compare stocks, funds, or ETFs

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US Money Market Index

BlackRock Global Long/Short Equity Fund Class I

Often compared with ^CASHX:
^CASHX vs. SPAXX^CASHX vs. VBIL^CASHX vs. VUSXX^CASHX vs. VMRXX^CASHX vs. SWVXX^CASHX vs. FXNAX^CASHX vs. JAAA
Often compared with BDMIX:
BDMIX vs. VMNFXBDMIX vs. SPYBDMIX vs. BDMAXBDMIX vs. CMNIXBDMIX vs. QAMNXBDMIX vs. FFSIXBDMIX vs. VOO

Return for Risk

^CASHX vs. BDMIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
^CASHX
BDMIX
BDMIX Risk / Return Rank: 9191
Overall Rank
BDMIX Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
BDMIX Sortino Ratio Rank: 9292
Sortino Ratio Rank
BDMIX Omega Ratio Rank: 8686
Omega Ratio Rank
BDMIX Calmar Ratio Rank: 9696
Calmar Ratio Rank
BDMIX Martin Ratio Rank: 9090
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^CASHX vs. BDMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for US Money Market Index (^CASHX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

^CASHXBDMIXDifference
Sharpe ratioReturn per unit of total volatility
258.44
3.05

+255.39

Sortino ratioReturn per unit of downside risk

—

4.48

—

Omega ratioGain probability vs. loss probability

—

1.58

—

Calmar ratioReturn relative to maximum drawdown

—

6.00

—

Martin ratioReturn relative to average drawdown

—

16.98

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^CASHX vs. BDMIX - Sharpe Ratio Comparison

The current ^CASHX Sharpe Ratio is 258.44, which is higher than the BDMIX Sharpe Ratio of 3.05. The chart below compares the historical Sharpe Ratios of ^CASHX and BDMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

^CASHXBDMIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

258.44

3.05

+255.39

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

36.67

1.96

+34.72

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

24.00

1.43

+22.57

Sharpe Ratio (All Time)

Calculated using the full available price history

25.99

1.23

+24.76

Drawdowns

^CASHX vs. BDMIX - Drawdown Comparison

The maximum ^CASHX drawdown since its inception was 0.00%, smaller than the maximum BDMIX drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for ^CASHX and BDMIX.

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Drawdown Indicators

^CASHXBDMIXDifference

Max Drawdown

Largest peak-to-trough decline

0.00%

-11.89%

+11.89%

Max Drawdown (1Y)

Largest decline over 1 year

0.00%

-3.24%

+3.24%

Max Drawdown (3Y)

Largest decline over 3 years

0.00%

-4.07%

+4.07%

Max Drawdown (5Y)

Largest decline over 5 years

0.00%

-6.07%

+6.07%

Max Drawdown (10Y)

Largest decline over 10 years

0.00%

-9.44%

+9.44%

Current Drawdown

Current decline from peak

0.00%

-1.21%

+1.21%

Average Drawdown

Average peak-to-trough decline

0.00%

-2.68%

+2.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.00%

1.25%

-1.25%

Volatility

^CASHX vs. BDMIX - Volatility Comparison

The current volatility for US Money Market Index (^CASHX) is 0.00%, while BlackRock Global Long/Short Equity Fund Class I (BDMIX) has a volatility of 2.33%. This indicates that ^CASHX experiences smaller price fluctuations and is considered to be less risky than BDMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

^CASHXBDMIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.00%

2.33%

-2.33%

Volatility (6M)

Calculated over the trailing 6-month period

0.00%

4.60%

-4.60%

Volatility (1Y)

Calculated over the trailing 1-year period

0.01%

6.95%

-6.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.08%

6.55%

-6.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.08%

5.83%

-5.75%

Frequently Asked Questions

^CASHX and BDMIX have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BDMIX has higher volatility (2.33%) compared to ^CASHX (0.00%). In terms of maximum drawdown, ^CASHX dropped 0.00% vs BDMIX's -11.89%.

^CASHX currently has the higher Sharpe Ratio (258.44 vs 3.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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