BDMIX vs. BRGOX

Last updated Aug 4, 2026

BDMIX (BlackRock Global Equity Market Neutral Fund Class I) and BRGOX (Bridgeway Global Opportunities Fund Class N) are both Equity Market Neutral funds. Over the past year, BDMIX returned 24.55% vs 17.08% for BRGOX. Their 0.27 correlation means their historical movements had little consistent relationship. BDMIX charges 1.34%/yr vs 1.63%/yr for BRGOX.

Performance

BDMIX vs. BRGOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Global Equity Market Neutral Fund Class I (BDMIX) and Bridgeway Global Opportunities Fund Class N (BRGOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BDMIX achieves a 12.92% return, which is significantly higher than BRGOX's 7.39% return.

BDMIX

• 1D: 0.79%
• 1M: 2.45%
• 6M: 10.80%
• YTD: 12.92%
• 1Y: 24.55%
• 3Y*: 20.67%
• 5Y*: 13.32%
• 10Y*: 8.56%
• ALL TIME*: 6.93%

BRGOX

• 1D: -0.09%
• 1M: 2.81%
• 6M: 2.26%
• YTD: 7.39%
• 1Y: 17.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BDMIX BlackRock Global Equity Market Neutral Fund Class I	$0.00	$0.00	$0.00
BRGOX Bridgeway Global Opportunities Fund Class N	$0.00	$0.00	$0.00

BDMIX vs. BRGOX - Yearly Performance Comparison

	2026 (YTD)	2025
BDMIX BlackRock Global Equity Market Neutral Fund Class I	12.92%	18.21%
BRGOX Bridgeway Global Opportunities Fund Class N	7.39%	14.76%

Correlation

The correlation between BDMIX and BRGOX is 0.23, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.23
Correlation (All Time) Calculated using the full available price history since Jan 3, 2025	0.27

Return for Risk

BDMIX vs. BRGOX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BDMIX

BDMIX Risk / Return Rank: 98
BDMIX Sharpe Ratio Rank: 98
BDMIX Sortino Ratio Rank: 97
BDMIX Omega Ratio Rank: 96
BDMIX Calmar Ratio Rank: 98
BDMIX Martin Ratio Rank: 97

BRGOX

BRGOX Risk / Return Rank: 91
BRGOX Sharpe Ratio Rank: 95
BRGOX Sortino Ratio Rank: 95
BRGOX Omega Ratio Rank: 89
BRGOX Calmar Ratio Rank: 94
BRGOX Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BDMIX vs. BRGOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Equity Market Neutral Fund Class I (BDMIX) and Bridgeway Global Opportunities Fund Class N (BRGOX). 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.

	BDMIX	BRGOX	Difference
Sharpe ratio: Return per unit of total volatility	3.32	2.61	+0.71
Sortino ratio: Return per unit of downside risk	4.80	3.95	+0.86
Omega ratio: Gain probability vs. loss probability	1.63	1.47	+0.16
Calmar ratio: Return relative to maximum drawdown	7.60	4.08	+3.52
Martin ratio: Return relative to average drawdown	20.19	10.25	+9.94

BDMIX vs. BRGOX - Sharpe Ratio Comparison

The current BDMIX Sharpe Ratio is 3.32, which is comparable to the BRGOX Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of BDMIX and BRGOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BDMIX vs. BRGOX - Drawdown Comparison

The maximum BDMIX drawdown since its inception was -11.89%, which is greater than BRGOX's maximum drawdown of -4.37%. Use the drawdown chart below to compare losses from any high point for BDMIX and BRGOX.

Drawdown Indicators

	BDMIX	BRGOX	Difference
Max Drawdown Largest peak-to-trough decline	-11.89%	-4.37%	-7.52%
Max Drawdown (1Y) Largest decline over 1 year	-3.24%	-4.37%	+1.13%
Max Drawdown (3Y) Largest decline over 3 years	-4.07%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-5.23%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-9.44%	—	—
Current Drawdown Current decline from peak	-0.28%	-0.96%	+0.68%
Average Drawdown Average peak-to-trough decline	-2.67%	-1.24%	-1.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.22%	1.72%	-0.50%

Volatility

BDMIX vs. BRGOX - Volatility Comparison

BlackRock Global Equity Market Neutral Fund Class I (BDMIX) has a higher volatility of 2.61% compared to Bridgeway Global Opportunities Fund Class N (BRGOX) at 1.74%. This indicates that BDMIX's price experiences larger fluctuations and is considered to be riskier than BRGOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BDMIX	BRGOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.61%	1.74%	+0.87%
Volatility (6M) Calculated over the trailing 6-month period	5.41%	5.39%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	7.42%	6.86%	+0.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.68%	7.86%	-1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.91%	7.86%	-1.95%

BDMIX vs. BRGOX - Expense Ratio Comparison

BDMIX has a 1.34% expense ratio, which is lower than BRGOX's 1.63% expense ratio.

Dividends

BDMIX vs. BRGOX - Dividend Comparison

BDMIX's dividend yield for the trailing twelve months is around 11.46%, more than BRGOX's 10.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BDMIX BlackRock Global Equity Market Neutral Fund Class I	11.46%	8.94%	13.26%	7.42%	0.00%	1.23%	0.30%	6.78%	0.94%	0.00%	0.00%	1.86%
BRGOX Bridgeway Global Opportunities Fund Class N	10.58%	11.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BDMIX and BRGOX in my portfolio?

BDMIX and BRGOX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BDMIX or BRGOX?

BDMIX has higher volatility (2.61%) compared to BRGOX (1.74%). In terms of maximum drawdown, BDMIX dropped -11.89% vs BRGOX's -4.37%.

Which has better risk-adjusted returns?

BDMIX currently has the higher Sharpe Ratio (3.32 vs 2.61), 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.