BALPX vs. BDMAX
BALPX (BlackRock Event Driven Equity Fund Investor Class A) and BDMAX (BlackRock Global Equity Market Neutral Fund) are both mutual funds - BALPX is a Event Driven fund actively managed by BlackRock, while BDMAX is a Equity Market Neutral fund actively managed by BlackRock. Both are actively managed. Over the past 10 years, BALPX returned 5.79%/yr vs 8.21%/yr for BDMAX. Their 0.09 correlation means their historical movements had little consistent relationship. BALPX charges 1.51%/yr vs 1.60%/yr for BDMAX.
Performance
BALPX vs. BDMAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BALPX achieves a 2.84% return, which is significantly lower than BDMAX's 11.82% return. Over the past 10 years, BALPX has underperformed BDMAX with an annualized return of 5.79%, while BDMAX has yielded a comparatively higher 8.21% annualized return.
BALPX
- 1D
- -0.10%
- 1M
- -0.30%
- 6M
- 3.25%
- YTD
- 2.84%
- 1Y
- 5.07%
- 3Y*
- 6.33%
- 5Y*
- 4.12%
- 10Y*
- 5.79%
- ALL TIME*
- 5.45%
BDMAX
- 1D
- 1.16%
- 1M
- 1.62%
- 6M
- 10.73%
- YTD
- 11.82%
- 1Y
- 23.19%
- 3Y*
- 20.21%
- 5Y*
- 12.85%
- 10Y*
- 8.21%
- ALL TIME*
- 6.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BALPX vs. BDMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BALPX BlackRock Event Driven Equity Fund Investor Class A | 2.84% | 8.19% | 3.98% | 5.15% | -0.25% | 1.61% | 6.03% | 7.16% | 5.12% | 6.88% |
BDMAX BlackRock Global Equity Market Neutral Fund | 11.82% | 18.08% | 21.12% | 14.27% | 1.57% | 3.11% | -0.05% | -1.02% | 1.86% | 12.57% |
Correlation
The correlation between BALPX and BDMAX is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.04 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.09 |
The correlation between BALPX and BDMAX shifts across timeframes, from 0.03 (10 years) to 0.24 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BALPX vs. BDMAX — Risk / Return Rank
BALPX
BDMAX
BALPX vs. BDMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Event Driven Equity Fund Investor Class A (BALPX) and BlackRock Global Equity Market Neutral Fund (BDMAX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BALPX | BDMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.60 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 7.28 | -4.05 |
| Martin ratioReturn relative to average drawdown | 12.33 | 19.24 | -6.91 |
Loading charts...
Drawdowns
BALPX vs. BDMAX - Drawdown Comparison
The maximum BALPX drawdown since its inception was -47.69%, which is greater than BDMAX's maximum drawdown of -12.37%. Use the drawdown chart below to compare losses from any high point for BALPX and BDMAX.
Loading charts...
Drawdown Indicators
| BALPX | BDMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.69% | -12.37% | -35.32% |
Max Drawdown (1Y)Largest decline over 1 year | -1.51% | -3.25% | +1.74% |
Max Drawdown (3Y)Largest decline over 3 years | -3.30% | -4.15% | +0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -4.30% | -5.56% | +1.26% |
Max Drawdown (10Y)Largest decline over 10 years | -11.54% | -9.71% | -1.83% |
Current DrawdownCurrent decline from peak | -0.40% | -1.15% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -5.60% | -2.80% | -2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 1.23% | -0.83% |
Volatility
BALPX vs. BDMAX - Volatility Comparison
The current volatility for BlackRock Event Driven Equity Fund Investor Class A (BALPX) is 0.95%, while BlackRock Global Equity Market Neutral Fund (BDMAX) has a volatility of 2.58%. This indicates that BALPX experiences smaller price fluctuations and is considered to be less risky than BDMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BALPX | BDMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 2.58% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 2.17% | 5.36% | -3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.88% | 7.39% | -4.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.06% | 6.67% | -2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.48% | 5.90% | -0.42% |
BALPX vs. BDMAX - Expense Ratio Comparison
BALPX has a 1.51% expense ratio, which is lower than BDMAX's 1.60% expense ratio.
Dividends
BALPX vs. BDMAX - Dividend Comparison
BALPX's dividend yield for the trailing twelve months is around 3.33%, less than BDMAX's 11.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BALPX BlackRock Event Driven Equity Fund Investor Class A | 3.33% | 4.18% | 3.88% | 1.93% | 2.55% | 2.57% | 3.01% | 3.35% | 1.84% | 5.02% | 9.00% | 77.25% |
BDMAX BlackRock Global Equity Market Neutral Fund | 11.66% | 8.94% | 13.39% | 7.14% | 0.00% | 1.25% | 0.04% | 6.60% | 0.85% | 0.00% | 0.00% | 1.56% |
Frequently Asked Questions
BALPX and BDMAX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDMAX has higher volatility (2.58%) compared to BALPX (0.95%). In terms of maximum drawdown, BALPX dropped -47.69% vs BDMAX's -12.37%.
BDMAX currently has the higher Sharpe Ratio (3.20 vs 1.69), 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.
Find the right allocation for BALPX and BDMAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer