BDMIX vs. JNJ
BDMIX (BlackRock Global Long/Short Equity Fund Class I) is Long-Short fund managed by BlackRock, while JNJ (Johnson & Johnson) is a stock. Over the past 10 years, BDMIX returned 8.42%/yr vs 10.46%/yr for JNJ. At a 0.05 correlation, their price movements are largely independent.
Performance
BDMIX vs. JNJ - Performance Comparison
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Returns By Period
In the year-to-date period, BDMIX achieves a 11.73% return, which is significantly lower than JNJ's 17.68% return. Over the past 10 years, BDMIX has underperformed JNJ with an annualized return of 8.42%, while JNJ has yielded a comparatively higher 10.46% annualized return.
BDMIX
- 1D
- 1.05%
- 1M
- 2.20%
- YTD
- 11.73%
- 6M
- 13.28%
- 1Y
- 21.47%
- 3Y*
- 21.45%
- 5Y*
- 12.75%
- 10Y*
- 8.42%
JNJ
- 1D
- 1.07%
- 1M
- 5.14%
- YTD
- 17.68%
- 6M
- 15.11%
- 1Y
- 57.60%
- 3Y*
- 17.82%
- 5Y*
- 10.94%
- 10Y*
- 10.46%
BDMIX vs. JNJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BDMIX BlackRock Global Long/Short Equity Fund Class I | 11.73% | 18.30% | 21.39% | 14.55% | 1.80% | 3.34% | 0.29% | -0.85% | 2.20% | 12.85% |
JNJ Johnson & Johnson | 17.68% | 47.48% | -4.81% | -8.58% | 5.97% | 11.44% | 10.82% | 16.22% | -5.13% | 24.43% |
Correlation
The correlation between BDMIX and JNJ is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.05 |
The correlation between BDMIX and JNJ shifts across timeframes, from -0.06 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BDMIX vs. JNJ — Risk / Return Rank
BDMIX
JNJ
BDMIX vs. JNJ - 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 Johnson & Johnson (JNJ). 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 | JNJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.61 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 6.70 | 5.28 | +1.42 |
| Martin ratioReturn relative to average drawdown | 18.34 | 15.52 | +2.82 |
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Drawdowns
BDMIX vs. JNJ - Drawdown Comparison
The maximum BDMIX drawdown since its inception was -11.89%, smaller than the maximum JNJ drawdown of -50.67%. Use the drawdown chart below to compare losses from any high point for BDMIX and JNJ.
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Drawdown Indicators
| BDMIX | JNJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.89% | -50.67% | +38.78% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -10.96% | +7.72% |
Max Drawdown (3Y)Largest decline over 3 years | -4.07% | -15.95% | +11.88% |
Max Drawdown (5Y)Largest decline over 5 years | -5.99% | -18.41% | +12.42% |
Max Drawdown (10Y)Largest decline over 10 years | -9.44% | -27.37% | +17.93% |
Current DrawdownCurrent decline from peak | -1.33% | -2.54% | +1.21% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -11.90% | +9.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 3.72% | -2.54% |
Volatility
BDMIX vs. JNJ - Volatility Comparison
The current volatility for BlackRock Global Long/Short Equity Fund Class I (BDMIX) is 2.69%, while Johnson & Johnson (JNJ) has a volatility of 5.47%. This indicates that BDMIX experiences smaller price fluctuations and is considered to be less risky than JNJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BDMIX | JNJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 5.47% | -2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 4.75% | 12.16% | -7.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.07% | 16.94% | -9.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.58% | 16.87% | -10.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.84% | 18.48% | -12.64% |
Dividends
BDMIX vs. JNJ - Dividend Comparison
BDMIX's dividend yield for the trailing twelve months is around 8.00%, more than JNJ's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDMIX BlackRock Global Long/Short Equity Fund Class I | 8.00% | 8.94% | 13.26% | 7.42% | 0.00% | 1.23% | 0.30% | 6.78% | 0.94% | 0.00% | 0.00% | 1.86% |
JNJ Johnson & Johnson | 2.18% | 2.48% | 3.40% | 3.00% | 2.52% | 2.45% | 2.53% | 2.57% | 2.74% | 2.38% | 2.73% | 2.87% |
Frequently Asked Questions
BDMIX and JNJ have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JNJ has higher volatility (5.47%) compared to BDMIX (2.69%). In terms of maximum drawdown, BDMIX dropped -11.89% vs JNJ's -50.67%.
JNJ currently has the higher Sharpe Ratio (3.42 vs 3.07), 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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