BAMBX vs. ADAIX
BAMBX (BlackRock Systematic Multi-Strategy Fund) and ADAIX (AQR Diversified Arbitrage Fund Class I) are both Multistrategy funds. BAMBX is passively managed, while ADAIX is actively managed. Over the past 10 years, BAMBX returned 4.30%/yr vs 6.89%/yr for ADAIX. At a 0.05 correlation, their price movements are largely independent. BAMBX charges 1.20%/yr vs 1.38%/yr for ADAIX.
Performance
BAMBX vs. ADAIX - Performance Comparison
Loading charts...
Returns By Period
Over the past 10 years, BAMBX has underperformed ADAIX with an annualized return of 4.30%, while ADAIX has yielded a comparatively higher 6.89% annualized return.
BAMBX
- 1D
- -0.10%
- 1M
- 0.49%
- YTD
- 0.00%
- 6M
- 0.12%
- 1Y
- 1.77%
- 3Y*
- 5.90%
- 5Y*
- 3.32%
- 10Y*
- 4.30%
ADAIX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 3.04%
- 6M
- 3.04%
- 1Y
- 6.23%
- 3Y*
- 5.98%
- 5Y*
- 2.91%
- 10Y*
- 6.89%
BAMBX vs. ADAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAMBX BlackRock Systematic Multi-Strategy Fund | 0.00% | 4.59% | 6.61% | 6.19% | -3.23% | 5.84% | 3.34% | 8.25% | 1.51% | 9.72% |
ADAIX AQR Diversified Arbitrage Fund Class I | 3.04% | 8.03% | 3.19% | 4.51% | -3.30% | 6.27% | 25.24% | 8.53% | 2.19% | 5.93% |
Correlation
The correlation between BAMBX and ADAIX is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.05 |
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
BAMBX vs. ADAIX — Risk / Return Rank
BAMBX
ADAIX
BAMBX vs. ADAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Systematic Multi-Strategy Fund (BAMBX) and AQR Diversified Arbitrage Fund Class I (ADAIX). 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.
| BAMBX | ADAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.05 | ||
| Sortino ratioReturn per unit of downside risk | -6.81 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 2.13 | -1.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 13.87 | -13.45 |
| Martin ratioReturn relative to average drawdown | 1.03 | 41.91 | -40.88 |
Loading charts...
Drawdowns
BAMBX vs. ADAIX - Drawdown Comparison
The maximum BAMBX drawdown since its inception was -8.84%, smaller than the maximum ADAIX drawdown of -14.75%. Use the drawdown chart below to compare losses from any high point for BAMBX and ADAIX.
Loading charts...
Drawdown Indicators
| BAMBX | ADAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.84% | -14.75% | +5.91% |
Max Drawdown (1Y)Largest decline over 1 year | -5.19% | -0.46% | -4.73% |
Max Drawdown (3Y)Largest decline over 3 years | -5.19% | -1.78% | -3.41% |
Max Drawdown (5Y)Largest decline over 5 years | -6.66% | -7.40% | +0.74% |
Max Drawdown (10Y)Largest decline over 10 years | -8.84% | -14.75% | +5.91% |
Current DrawdownCurrent decline from peak | -4.08% | -0.08% | -4.00% |
Average DrawdownAverage peak-to-trough decline | -1.27% | -2.82% | +1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 0.15% | +1.95% |
Volatility
BAMBX vs. ADAIX - Volatility Comparison
BlackRock Systematic Multi-Strategy Fund (BAMBX) has a higher volatility of 1.32% compared to AQR Diversified Arbitrage Fund Class I (ADAIX) at 0.33%. This indicates that BAMBX's price experiences larger fluctuations and is considered to be riskier than ADAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BAMBX | ADAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 0.33% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 3.44% | 1.05% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.28% | 1.41% | +2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.69% | 2.61% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.61% | 4.32% | -0.71% |
BAMBX vs. ADAIX - Expense Ratio Comparison
BAMBX has a 1.20% expense ratio, which is lower than ADAIX's 1.38% expense ratio.
Dividends
BAMBX vs. ADAIX - Dividend Comparison
BAMBX's dividend yield for the trailing twelve months is around 1.97%, less than ADAIX's 2.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADAIX AQR Diversified Arbitrage Fund Class I | 2.06% | 2.12% | 1.23% | 2.74% | 0.10% | 0.65% | 1.60% | 2.11% | 6.53% | 7.17% | 7.18% | 4.93% |
BAMBX BlackRock Systematic Multi-Strategy Fund | 1.97% | 1.97% | 3.86% | 4.13% | 4.70% | 2.39% | 1.09% | 3.73% | 8.70% | 3.81% | 4.82% | 0.00% |
Frequently Asked Questions
BAMBX and ADAIX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAMBX has higher volatility (1.32%) compared to ADAIX (0.33%). In terms of maximum drawdown, BAMBX dropped -8.84% vs ADAIX's -14.75%.
ADAIX currently has the higher Sharpe Ratio (4.55 vs 0.51), 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 BAMBX and ADAIX
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