BDMIX vs. BRK-B

Last updated Jun 9, 2026

BDMIX (BlackRock Global Long/Short Equity Fund Class I) is Long-Short fund managed by BlackRock, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, BDMIX returned 8.32%/yr vs 13.14%/yr for BRK-B. At a 0.07 correlation, their price movements are largely independent.

Performance

BDMIX vs. BRK-B - 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 Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BDMIX achieves a 11.87% return, which is significantly higher than BRK-B's -3.11% return. Over the past 10 years, BDMIX has underperformed BRK-B with an annualized return of 8.32%, while BRK-B has yielded a comparatively higher 13.14% 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%

BRK-B

• 1D: -0.23%
• 1M: 2.32%
• YTD: -3.11%
• 6M: -2.06%
• 1Y: -1.32%
• 3Y*: 13.25%
• 5Y*: 11.03%
• 10Y*: 13.14%

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

BDMIX vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
BRK-B Berkshire Hathaway Inc.	-3.11%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%

Correlation

The correlation between BDMIX and BRK-B is 0.03, 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	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (10Y) Calculated over the trailing 10-year period	0.03
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.07

Return for Risk

BDMIX vs. BRK-B — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BDMIX

BDMIX Risk / Return Rank: 91
BDMIX Sharpe Ratio Rank: 92
BDMIX Sortino Ratio Rank: 92
BDMIX Omega Ratio Rank: 86
BDMIX Calmar Ratio Rank: 96
BDMIX Martin Ratio Rank: 90

BRK-B

BRK-B Risk / Return Rank: 35
BRK-B Sharpe Ratio Rank: 38
BRK-B Sortino Ratio Rank: 30
BRK-B Omega Ratio Rank: 30
BRK-B Calmar Ratio Rank: 38
BRK-B Martin Ratio Rank: 37

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. BRK-B - 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 Berkshire Hathaway Inc. (BRK-B). 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	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	3.05	-0.09	+3.15
Sortino ratio: Return per unit of downside risk	4.48	-0.03	+4.51
Omega ratio: Gain probability vs. loss probability	1.58	1.00	+0.58
Calmar ratio: Return relative to maximum drawdown	6.00	-0.14	+6.14
Martin ratio: Return relative to average drawdown	16.98	-0.30	+17.27
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. BRK-B - Sharpe Ratio Comparison

The current BDMIX Sharpe Ratio is 3.05, which is higher than the BRK-B Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of BDMIX and BRK-B, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BDMIX	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.05	-0.09	+3.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.96	0.65	+1.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.43	0.68	+0.75
Sharpe Ratio (All Time) Calculated using the full available price history	1.23	0.48	+0.74

Drawdowns

BDMIX vs. BRK-B - Drawdown Comparison

The maximum BDMIX drawdown since its inception was -11.89%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for BDMIX and BRK-B.

Drawdown Indicators

	BDMIX	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-11.89%	-53.86%	+41.97%
Max Drawdown (1Y) Largest decline over 1 year	-3.24%	-9.42%	+6.18%
Max Drawdown (3Y) Largest decline over 3 years	-4.07%	-14.95%	+10.88%
Max Drawdown (5Y) Largest decline over 5 years	-6.07%	-26.58%	+20.51%
Max Drawdown (10Y) Largest decline over 10 years	-9.44%	-29.57%	+20.13%
Current Drawdown Current decline from peak	-1.21%	-9.78%	+8.57%
Average Drawdown Average peak-to-trough decline	-2.68%	-11.07%	+8.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.25%	4.49%	-3.24%

Volatility

BDMIX vs. BRK-B - Volatility Comparison

The current volatility for BlackRock Global Long/Short Equity Fund Class I (BDMIX) is 2.33%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 3.98%. This indicates that BDMIX experiences smaller price fluctuations and is considered to be less risky than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BDMIX	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.33%	3.98%	-1.65%
Volatility (6M) Calculated over the trailing 6-month period	4.60%	10.87%	-6.27%
Volatility (1Y) Calculated over the trailing 1-year period	6.95%	14.38%	-7.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.55%	17.13%	-10.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.83%	19.44%	-13.61%

Dividends

BDMIX vs. BRK-B - Dividend Comparison

BDMIX's dividend yield for the trailing twelve months is around 7.99%, while BRK-B has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BDMIX BlackRock Global Long/Short Equity Fund Class I	7.99%	8.94%	13.26%	7.42%	0.00%	1.23%	0.30%	6.78%	0.94%	0.00%	0.00%	1.86%
BRK-B Berkshire Hathaway Inc.	0.00%	0.00%	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 BRK-B in my portfolio?

BDMIX and BRK-B have a correlation of 0.03, 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 BRK-B?

BRK-B has higher volatility (3.98%) compared to BDMIX (2.33%). In terms of maximum drawdown, BDMIX dropped -11.89% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

BDMIX currently has the higher Sharpe Ratio (3.05 vs -0.09), 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.