BDMIX vs. BGCKX
BDMIX (BlackRock Global Long/Short Equity Fund Class I) and BGCKX (BlackRock Global Equity Market Neutral Fund Institutional Shares) are both mutual funds - BDMIX is a Long-Short fund managed by BlackRock, while BGCKX is a Equity Market Neutral fund actively managed by BlackRock. Over the past 10 years, BDMIX returned 8.39%/yr vs 8.39%/yr for BGCKX. Their correlation of 0.94 suggests significant overlap in exposure. BDMIX charges 1.57%/yr vs 1.29%/yr for BGCKX.
Performance
BDMIX vs. BGCKX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BDMIX having a 12.48% return and BGCKX slightly higher at 12.50%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: BDMIX at 8.39% and BGCKX at 8.39%.
BDMIX
- 1D
- 0.43%
- 1M
- 5.33%
- YTD
- 12.48%
- 6M
- 15.59%
- 1Y
- 21.79%
- 3Y*
- 21.82%
- 5Y*
- 12.93%
- 10Y*
- 8.39%
BGCKX
- 1D
- 0.43%
- 1M
- 5.31%
- YTD
- 12.50%
- 6M
- 15.65%
- 1Y
- 21.93%
- 3Y*
- 21.89%
- 5Y*
- 13.01%
- 10Y*
- 8.39%
BDMIX vs. BGCKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BDMIX BlackRock Global Long/Short Equity Fund Class I | 12.48% | 18.30% | 21.39% | 14.55% | 1.80% | 3.34% | 0.29% | -0.85% | 2.20% | 12.85% |
BGCKX BlackRock Global Equity Market Neutral Fund Institutional Shares | 12.50% | 18.38% | 21.55% | 14.60% | 1.80% | 3.42% | 0.33% | -0.82% | 2.22% | 12.83% |
Correlation
The correlation between BDMIX and BGCKX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2016 | 0.94 |
The correlation between BDMIX and BGCKX has been stable across timeframes, ranging from 0.94 to 1.00 - a consistent structural relationship.
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Return for Risk
BDMIX vs. BGCKX — Risk / Return Rank
BDMIX
BGCKX
BDMIX vs. BGCKX - 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 BlackRock Global Equity Market Neutral Fund Institutional Shares (BGCKX). 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 | BGCKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.60 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 6.14 | 6.23 | -0.09 |
| Martin ratioReturn relative to average drawdown | 17.41 | 17.51 | -0.10 |
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
| BDMIX | BGCKX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.19 | 3.20 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.99 | 2.00 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.45 | 1.45 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.24 | 1.39 | -0.15 |
Drawdowns
BDMIX vs. BGCKX - Drawdown Comparison
The maximum BDMIX drawdown since its inception was -11.89%, which is greater than BGCKX's maximum drawdown of -9.47%. Use the drawdown chart below to compare losses from any high point for BDMIX and BGCKX.
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Drawdown Indicators
| BDMIX | BGCKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.89% | -9.47% | -2.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.54% | -3.51% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -4.07% | -4.13% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -6.15% | -6.13% | -0.02% |
Max Drawdown (10Y)Largest decline over 10 years | -9.44% | -9.47% | +0.03% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -2.15% | -0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.25% | +0.01% |
Volatility
BDMIX vs. BGCKX - Volatility Comparison
BlackRock Global Long/Short Equity Fund Class I (BDMIX) and BlackRock Global Equity Market Neutral Fund Institutional Shares (BGCKX) have volatilities of 1.94% and 1.96%, 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
| BDMIX | BGCKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 1.96% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.45% | 4.45% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.83% | 6.85% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.52% | 6.52% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.81% | 5.81% | 0.00% |
BDMIX vs. BGCKX - Expense Ratio Comparison
BDMIX has a 1.57% expense ratio, which is higher than BGCKX's 1.29% expense ratio.
Dividends
BDMIX vs. BGCKX - Dividend Comparison
BDMIX's dividend yield for the trailing twelve months is around 7.94%, which matches BGCKX's 7.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDMIX BlackRock Global Long/Short Equity Fund Class I | 7.94% | 8.94% | 13.26% | 7.42% | 0.00% | 1.23% | 0.30% | 6.78% | 0.94% | 0.00% | 0.00% | 1.86% |
BGCKX BlackRock Global Equity Market Neutral Fund Institutional Shares | 7.96% | 8.96% | 13.25% | 7.49% | 0.00% | 1.22% | 0.34% | 6.80% | 0.96% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 1.00, BDMIX and BGCKX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BGCKX has higher volatility (1.96%) compared to BDMIX (1.94%). In terms of maximum drawdown, BDMIX dropped -11.89% vs BGCKX's -9.47%.
BGCKX currently has the higher Sharpe Ratio (3.20 vs 3.19), 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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