BDMAX vs. FTBFX
BDMAX (BlackRock Global Equity Market Neutral Fund) and FTBFX (Fidelity Total Bond Fund) are both mutual funds - BDMAX is a Equity Market Neutral fund actively managed by BlackRock, while FTBFX is a Intermediate Core-Plus Bond fund actively managed by Fidelity. Both are actively managed. Over the past 10 years, BDMAX returned 8.14%/yr vs 2.43%/yr for FTBFX. At a correlation of -0.01, they often move in opposite directions. BDMAX charges 1.60%/yr vs 0.45%/yr for FTBFX.
Performance
BDMAX vs. FTBFX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BDMAX achieves a 11.51% return, which is significantly higher than FTBFX's 0.57% return. Over the past 10 years, BDMAX has outperformed FTBFX with an annualized return of 8.14%, while FTBFX has yielded a comparatively lower 2.43% annualized return.
BDMAX
- 1D
- 0.95%
- 1M
- 2.32%
- YTD
- 11.51%
- 6M
- 13.10%
- 1Y
- 21.47%
- 3Y*
- 21.11%
- 5Y*
- 12.45%
- 10Y*
- 8.14%
FTBFX
- 1D
- 0.53%
- 1M
- 1.21%
- YTD
- 0.57%
- 6M
- 1.02%
- 1Y
- 5.30%
- 3Y*
- 4.80%
- 5Y*
- 0.60%
- 10Y*
- 2.43%
BDMAX vs. FTBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BDMAX BlackRock Global Equity Market Neutral Fund | 11.51% | 18.08% | 21.12% | 14.27% | 1.57% | 3.11% | -0.05% | -1.02% | 1.86% | 12.57% |
FTBFX Fidelity Total Bond Fund | 0.57% | 7.50% | 2.13% | 7.25% | -13.58% | -0.44% | 9.34% | 9.89% | -0.66% | 4.19% |
Correlation
The correlation between BDMAX and FTBFX 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 | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | -0.01 |
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
BDMAX vs. FTBFX — Risk / Return Rank
BDMAX
FTBFX
BDMAX vs. FTBFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Equity Market Neutral Fund (BDMAX) and Fidelity Total Bond Fund (FTBFX). 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.
| BDMAX | FTBFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.24 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 6.58 | 1.80 | +4.78 |
| Martin ratioReturn relative to average drawdown | 18.08 | 5.30 | +12.78 |
Loading charts...
Drawdowns
BDMAX vs. FTBFX - Drawdown Comparison
The maximum BDMAX drawdown since its inception was -12.37%, smaller than the maximum FTBFX drawdown of -18.25%. Use the drawdown chart below to compare losses from any high point for BDMAX and FTBFX.
Loading charts...
Drawdown Indicators
| BDMAX | FTBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.37% | -18.25% | +5.88% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -2.89% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -4.15% | -5.82% | +1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -6.33% | -18.25% | +11.92% |
Max Drawdown (10Y)Largest decline over 10 years | -9.71% | -18.25% | +8.54% |
Current DrawdownCurrent decline from peak | -1.37% | -1.31% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -2.82% | -2.32% | -0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 0.98% | +0.20% |
Volatility
BDMAX vs. FTBFX - Volatility Comparison
BlackRock Global Equity Market Neutral Fund (BDMAX) has a higher volatility of 2.64% compared to Fidelity Total Bond Fund (FTBFX) at 1.43%. This indicates that BDMAX's price experiences larger fluctuations and is considered to be riskier than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BDMAX | FTBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 1.43% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 4.71% | 2.85% | +1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.05% | 3.84% | +3.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.58% | 5.67% | +0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.84% | 4.73% | +1.11% |
BDMAX vs. FTBFX - Expense Ratio Comparison
BDMAX has a 1.60% expense ratio, which is higher than FTBFX's 0.45% expense ratio.
Dividends
BDMAX vs. FTBFX - Dividend Comparison
BDMAX's dividend yield for the trailing twelve months is around 8.02%, more than FTBFX's 4.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDMAX BlackRock Global Equity Market Neutral Fund | 8.02% | 8.94% | 13.39% | 7.14% | 0.00% | 1.25% | 0.04% | 6.60% | 0.85% | 0.00% | 0.00% | 1.56% |
FTBFX Fidelity Total Bond Fund | 4.36% | 4.36% | 4.15% | 4.15% | 2.54% | 1.89% | 5.22% | 3.03% | 3.19% | 2.97% | 3.61% | 3.30% |
Frequently Asked Questions
BDMAX and FTBFX 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.
BDMAX has higher volatility (2.64%) compared to FTBFX (1.43%). In terms of maximum drawdown, BDMAX dropped -12.37% vs FTBFX's -18.25%.
BDMAX currently has the higher Sharpe Ratio (3.04 vs 1.36), 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 BDMAX and FTBFX
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