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BDMIX vs. ^CASHX
Performance
Return for Risk
Drawdowns
Volatility

BDMIX vs. ^CASHX

Last updated Jun 9, 2026

BDMIX (BlackRock Global Long/Short Equity Fund Class I) is Long-Short fund managed by BlackRock, while ^CASHX (US Money Market Index) is an index. Over the past 10 years, BDMIX returned 8.32%/yr vs 2.32%/yr for ^CASHX. At a 0.03 correlation, their price movements are largely independent.

Performance

BDMIX vs. ^CASHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Global Long/Short Equity Fund Class I (BDMIX) and US Money Market Index (^CASHX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BDMIX achieves a 11.87% return, which is significantly higher than ^CASHX's 1.54% return. Over the past 10 years, BDMIX has outperformed ^CASHX with an annualized return of 8.32%, while ^CASHX has yielded a comparatively lower 2.32% annualized return.

BDMIX

1D
-1.21%
1M
3.62%
YTD
11.87%
6M
14.41%
1Y
21.04%
3Y*
21.66%
5Y*
12.77%
10Y*
8.32%

^CASHX

1D
0.01%
1M
0.26%
YTD
1.54%
6M
1.77%
1Y
3.88%
3Y*
4.64%
5Y*
3.52%
10Y*
2.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BDMIX vs. ^CASHX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BDMIX
BlackRock Global Long/Short Equity Fund Class I		11.87%18.30%21.39%14.55%1.80%3.34%0.29%-0.85%2.20%12.85%
^CASHX
US Money Market Index		1.54%4.21%5.16%5.03%1.68%0.08%0.37%2.16%1.83%1.00%

Correlation

The correlation between BDMIX and ^CASHX is -0.04, 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

-0.04

Correlation (3Y)
Calculated over the trailing 3-year period

0.01

Correlation (5Y)
Calculated over the trailing 5-year period

0.05

Correlation (10Y)
Calculated over the trailing 10-year period

0.04

Correlation (All Time)
Calculated using the full available price history since Jan 3, 2013

0.03

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BlackRock Global Long/Short Equity Fund Class I

US Money Market Index

Often compared with BDMIX:
BDMIX vs. VMNFXBDMIX vs. SPYBDMIX vs. BDMAXBDMIX vs. CMNIXBDMIX vs. QAMNXBDMIX vs. FFSIXBDMIX vs. VOO
Often compared with ^CASHX:
^CASHX vs. SPAXX^CASHX vs. VBIL^CASHX vs. VUSXX^CASHX vs. VMRXX^CASHX vs. SWVXX^CASHX vs. FXNAX^CASHX vs. JAAA

Return for Risk

BDMIX vs. ^CASHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BDMIX
BDMIX Risk / Return Rank: 9191
Overall Rank
BDMIX Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
BDMIX Sortino Ratio Rank: 9292
Sortino Ratio Rank
BDMIX Omega Ratio Rank: 8686
Omega Ratio Rank
BDMIX Calmar Ratio Rank: 9696
Calmar Ratio Rank
BDMIX Martin Ratio Rank: 9090
Martin Ratio Rank
^CASHX
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BDMIX vs. ^CASHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Long/Short Equity Fund Class I (BDMIX) and US Money Market Index (^CASHX). 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.

BDMIX^CASHXDifference
Sharpe ratioReturn per unit of total volatility
3.05
258.44

-255.39

Sortino ratioReturn per unit of downside risk
4.48

—

—

Omega ratioGain probability vs. loss probability

1.58

—

—

Calmar ratioReturn relative to maximum drawdown

6.00

—

—

Martin ratioReturn relative to average drawdown

16.98

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BDMIX vs. ^CASHX - Sharpe Ratio Comparison

The current BDMIX Sharpe Ratio is 3.05, which is lower than the ^CASHX Sharpe Ratio of 258.44. The chart below compares the historical Sharpe Ratios of BDMIX and ^CASHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BDMIX^CASHXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.05

258.44

-255.39

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.96

36.67

-34.72

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.43

24.00

-22.57

Sharpe Ratio (All Time)

Calculated using the full available price history

1.23

25.99

-24.76

Drawdowns

BDMIX vs. ^CASHX - Drawdown Comparison

The maximum BDMIX drawdown since its inception was -11.89%, which is greater than ^CASHX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for BDMIX and ^CASHX.

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Drawdown Indicators

BDMIX^CASHXDifference

Max Drawdown

Largest peak-to-trough decline

-11.89%

0.00%

-11.89%

Max Drawdown (1Y)

Largest decline over 1 year

-3.24%

0.00%

-3.24%

Max Drawdown (3Y)

Largest decline over 3 years

-4.07%

0.00%

-4.07%

Max Drawdown (5Y)

Largest decline over 5 years

-6.07%

0.00%

-6.07%

Max Drawdown (10Y)

Largest decline over 10 years

-9.44%

0.00%

-9.44%

Current Drawdown

Current decline from peak

-1.21%

0.00%

-1.21%

Average Drawdown

Average peak-to-trough decline

-2.68%

0.00%

-2.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.25%

0.00%

+1.25%

Volatility

BDMIX vs. ^CASHX - Volatility Comparison

BlackRock Global Long/Short Equity Fund Class I (BDMIX) has a higher volatility of 2.33% compared to US Money Market Index (^CASHX) at 0.00%. This indicates that BDMIX's price experiences larger fluctuations and is considered to be riskier than ^CASHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BDMIX^CASHXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.33%

0.00%

+2.33%

Volatility (6M)

Calculated over the trailing 6-month period

4.60%

0.00%

+4.60%

Volatility (1Y)

Calculated over the trailing 1-year period

6.95%

0.01%

+6.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.55%

0.08%

+6.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.83%

0.08%

+5.75%

Frequently Asked Questions

BDMIX and ^CASHX have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BDMIX has higher volatility (2.33%) compared to ^CASHX (0.00%). In terms of maximum drawdown, BDMIX dropped -11.89% vs ^CASHX's 0.00%.

^CASHX currently has the higher Sharpe Ratio (258.44 vs 3.05), 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.

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