BDMAX vs. BAMBX
Compare and contrast key facts about BlackRock Global Equity Market Neutral Fund (BDMAX) and BlackRock Systematic Multi-Strategy Fund (BAMBX).
BDMAX is an actively managed fund by BlackRock. It was launched on Dec 20, 2012. BAMBX is a passively managed fund by BlackRock that tracks the performance of the ICE BofA 3 Month Treasury Bill Index (G0O1) (USD). It was launched on Sep 29, 2020.
Performance
BDMAX vs. BAMBX - Performance Comparison
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BDMAX vs. BAMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BDMAX BlackRock Global Equity Market Neutral Fund | 4.21% | 18.08% | 21.12% | 14.27% | 1.57% | 3.11% | -0.05% | -1.02% | 1.86% | 12.57% |
BAMBX BlackRock Systematic Multi-Strategy Fund | 1.16% | 4.59% | 6.61% | 6.19% | -3.23% | 5.84% | 3.34% | 8.25% | 1.51% | 9.72% |
Returns By Period
In the year-to-date period, BDMAX achieves a 4.21% return, which is significantly higher than BAMBX's 1.16% return. Over the past 10 years, BDMAX has outperformed BAMBX with an annualized return of 7.02%, while BAMBX has yielded a comparatively lower 4.45% annualized return.
BDMAX
- 1D
- 0.68%
- 1M
- 1.57%
- YTD
- 4.21%
- 6M
- 8.60%
- 1Y
- 16.87%
- 3Y*
- 18.54%
- 5Y*
- 11.11%
- 10Y*
- 7.02%
BAMBX
- 1D
- 0.19%
- 1M
- -2.60%
- YTD
- 1.16%
- 6M
- 3.04%
- 1Y
- 2.95%
- 3Y*
- 6.31%
- 5Y*
- 3.91%
- 10Y*
- 4.45%
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BDMAX vs. BAMBX - Expense Ratio Comparison
BDMAX has a 1.60% expense ratio, which is higher than BAMBX's 1.20% expense ratio.
Return for Risk
BDMAX vs. BAMBX — Risk / Return Rank
BDMAX
BAMBX
BDMAX vs. BAMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Equity Market Neutral Fund (BDMAX) and BlackRock Systematic Multi-Strategy Fund (BAMBX). 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.
| BDMAX | BAMBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.51 | 0.74 | +1.78 |
Sortino ratioReturn per unit of downside risk | 3.68 | 1.09 | +2.59 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.13 | +0.33 |
Calmar ratioReturn relative to maximum drawdown | 5.05 | 0.90 | +4.15 |
Martin ratioReturn relative to average drawdown | 14.01 | 3.15 | +10.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BDMAX | BAMBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.51 | 0.74 | +1.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.71 | 1.10 | +0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.22 | 1.26 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 1.36 | -0.26 |
Correlation
The correlation between BDMAX and BAMBX is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BDMAX vs. BAMBX - Dividend Comparison
BDMAX's dividend yield for the trailing twelve months is around 8.58%, more than BAMBX's 1.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDMAX BlackRock Global Equity Market Neutral Fund | 8.58% | 8.94% | 13.39% | 7.14% | 0.00% | 1.25% | 0.04% | 6.60% | 0.85% | 0.00% | 0.00% | 1.56% |
BAMBX BlackRock Systematic Multi-Strategy Fund | 1.94% | 1.97% | 3.86% | 4.13% | 4.70% | 2.39% | 1.09% | 3.73% | 8.70% | 3.81% | 4.82% | 0.00% |
Drawdowns
BDMAX vs. BAMBX - Drawdown Comparison
The maximum BDMAX drawdown since its inception was -12.37%, which is greater than BAMBX's maximum drawdown of -8.84%. Use the drawdown chart below to compare losses from any high point for BDMAX and BAMBX.
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Drawdown Indicators
| BDMAX | BAMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.37% | -8.84% | -3.53% |
Max Drawdown (1Y)Largest decline over 1 year | -3.61% | -3.61% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -7.72% | -6.66% | -1.06% |
Max Drawdown (10Y)Largest decline over 10 years | -9.71% | -8.84% | -0.87% |
Current DrawdownCurrent decline from peak | -0.13% | -2.97% | +2.84% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -1.21% | -1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.03% | +0.27% |
Volatility
BDMAX vs. BAMBX - Volatility Comparison
BlackRock Global Equity Market Neutral Fund (BDMAX) has a higher volatility of 1.68% compared to BlackRock Systematic Multi-Strategy Fund (BAMBX) at 1.51%. This indicates that BDMAX's price experiences larger fluctuations and is considered to be riskier than BAMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BDMAX | BAMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 1.51% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 4.74% | 2.83% | +1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.92% | 4.02% | +2.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.51% | 3.56% | +2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.77% | 3.54% | +2.23% |