BDMAX vs. BND
Compare and contrast key facts about BlackRock Global Equity Market Neutral Fund (BDMAX) and Vanguard Total Bond Market ETF (BND).
BDMAX is an actively managed fund by BlackRock. It was launched on Dec 20, 2012. BND is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Aggregate Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
BDMAX vs. BND - Performance Comparison
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BDMAX vs. BND - 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% |
BND Vanguard Total Bond Market ETF | 0.09% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Returns By Period
In the year-to-date period, BDMAX achieves a 4.21% return, which is significantly higher than BND's 0.09% return. Over the past 10 years, BDMAX has outperformed BND with an annualized return of 7.02%, while BND has yielded a comparatively lower 1.68% 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%
BND
- 1D
- 0.04%
- 1M
- -1.30%
- YTD
- 0.09%
- 6M
- 0.74%
- 1Y
- 3.96%
- 3Y*
- 3.60%
- 5Y*
- 0.25%
- 10Y*
- 1.68%
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BDMAX vs. BND - Expense Ratio Comparison
BDMAX has a 1.60% expense ratio, which is higher than BND's 0.03% expense ratio.
Return for Risk
BDMAX vs. BND — Risk / Return Rank
BDMAX
BND
BDMAX vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Equity Market Neutral Fund (BDMAX) and Vanguard Total Bond Market ETF (BND). 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 | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.51 | 0.93 | +1.59 |
Sortino ratioReturn per unit of downside risk | 3.68 | 1.32 | +2.36 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.16 | +0.30 |
Calmar ratioReturn relative to maximum drawdown | 5.05 | 1.75 | +3.29 |
Martin ratioReturn relative to average drawdown | 14.01 | 4.78 | +9.23 |
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 | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.51 | 0.93 | +1.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.71 | 0.04 | +1.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.22 | 0.30 | +0.92 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.59 | +0.51 |
Correlation
The correlation between BDMAX and BND is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
BDMAX vs. BND - Dividend Comparison
BDMAX's dividend yield for the trailing twelve months is around 8.58%, more than BND's 3.93% 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% |
BND Vanguard Total Bond Market ETF | 3.93% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Drawdowns
BDMAX vs. BND - Drawdown Comparison
The maximum BDMAX drawdown since its inception was -12.37%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for BDMAX and BND.
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Drawdown Indicators
| BDMAX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.37% | -18.58% | +6.21% |
Max Drawdown (1Y)Largest decline over 1 year | -3.61% | -2.44% | -1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -7.72% | -17.91% | +10.19% |
Max Drawdown (10Y)Largest decline over 10 years | -9.71% | -18.58% | +8.87% |
Current DrawdownCurrent decline from peak | -0.13% | -2.54% | +2.41% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -3.07% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 0.90% | +0.40% |
Volatility
BDMAX vs. BND - Volatility Comparison
BlackRock Global Equity Market Neutral Fund (BDMAX) and Vanguard Total Bond Market ETF (BND) have volatilities of 1.68% and 1.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BDMAX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 1.63% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 4.74% | 2.52% | +2.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.92% | 4.30% | +2.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.51% | 6.00% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.77% | 5.52% | +0.25% |