BDMIX vs. FLSP
BDMIX (BlackRock Global Equity Market Neutral Fund Class I) and FLSP (Franklin Liberty Systematic Style Premia ETF) are both funds - BDMIX is a Equity Market Neutral fund managed by BlackRock, while FLSP is a Long-Short fund actively managed by Franklin Templeton. Over the past 5 years, BDMIX returned 13.21%/yr vs 8.15%/yr for FLSP. Their 0.10 correlation means their historical movements had little consistent relationship. BDMIX charges 1.34%/yr vs 0.65%/yr for FLSP.
Performance
BDMIX vs. FLSP - Performance Comparison
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Returns By Period
In the year-to-date period, BDMIX achieves a 12.92% return, which is significantly higher than FLSP's 3.79% return.
BDMIX
- 1D
- 0.46%
- 1M
- 2.01%
- 6M
- 12.85%
- YTD
- 12.92%
- 1Y
- 26.67%
- 3Y*
- 20.87%
- 5Y*
- 13.21%
- 10Y*
- 8.58%
- ALL TIME*
- 6.94%
FLSP
- 1D
- 0.43%
- 1M
- 1.34%
- 6M
- 3.96%
- YTD
- 3.79%
- 1Y
- 16.93%
- 3Y*
- 10.62%
- 5Y*
- 8.15%
- 10Y*
- —
- ALL TIME*
- 4.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $2.24M | $3.86M | $2.59M |
BDMIX vs. FLSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BDMIX BlackRock Global Equity Market Neutral Fund Class I | 12.92% | 18.30% | 21.39% | 14.55% | 1.80% | 3.34% | 0.29% | -0.96% |
FLSP Franklin Liberty Systematic Style Premia ETF | 3.79% | 15.56% | 11.75% | 3.14% | 0.44% | 11.44% | -15.19% | 0.90% |
Correlation
The correlation between BDMIX and FLSP is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2019 | 0.10 |
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Return for Risk
BDMIX vs. FLSP — Risk / Return Rank
BDMIX
FLSP
BDMIX vs. FLSP - 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 Franklin Liberty Systematic Style Premia ETF (FLSP). 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 | FLSP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.58 | ||
| Sortino ratioReturn per unit of downside risk | +2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.34 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 7.89 | 4.18 | +3.71 |
| Martin ratioReturn relative to average drawdown | 21.20 | 12.50 | +8.70 |
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Drawdowns
BDMIX vs. FLSP - Drawdown Comparison
The maximum BDMIX drawdown since its inception was -11.89%, smaller than the maximum FLSP drawdown of -22.75%. Use the drawdown chart below to compare losses from any high point for BDMIX and FLSP.
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Drawdown Indicators
| BDMIX | FLSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.89% | -22.75% | +10.86% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -4.03% | +0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -4.07% | -6.69% | +2.62% |
Max Drawdown (5Y)Largest decline over 5 years | -5.23% | -9.52% | +4.29% |
Max Drawdown (10Y)Largest decline over 10 years | -9.44% | — | — |
Current DrawdownCurrent decline from peak | -0.28% | 0.00% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -6.18% | +3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 1.34% | -0.13% |
Volatility
BDMIX vs. FLSP - Volatility Comparison
The current volatility for BlackRock Global Equity Market Neutral Fund Class I (BDMIX) is 2.30%, while Franklin Liberty Systematic Style Premia ETF (FLSP) has a volatility of 2.47%. This indicates that BDMIX experiences smaller price fluctuations and is considered to be less risky than FLSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BDMIX | FLSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 2.47% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 5.15% | 6.55% | -1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.29% | 8.76% | -1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.64% | 13.35% | -6.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.88% | 13.42% | -7.54% |
BDMIX vs. FLSP - Expense Ratio Comparison
BDMIX has a 1.34% expense ratio, which is higher than FLSP's 0.65% expense ratio.
Dividends
BDMIX vs. FLSP - Dividend Comparison
BDMIX's dividend yield for the trailing twelve months is around 11.46%, more than FLSP's 2.55% 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% |
FLSP Franklin Liberty Systematic Style Premia ETF | 2.55% | 2.65% | 1.18% | 1.19% | 2.18% | 1.19% | 8.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BDMIX and FLSP have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLSP has higher volatility (2.47%) compared to BDMIX (2.30%). In terms of maximum drawdown, BDMIX dropped -11.89% vs FLSP's -22.75%.
BDMIX currently has the higher Sharpe Ratio (3.51 vs 1.93), 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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