BDMIX vs. LIZIX
BDMIX (BlackRock Global Equity Market Neutral Fund Class I) and LIZIX (BlackRock LifePath Index 2060 Fund) are both mutual funds - BDMIX is a Equity Market Neutral fund managed by BlackRock, while LIZIX is a Target Retirement Date fund managed by BlackRock. Over the past 5 years, BDMIX returned 13.32%/yr vs 9.85%/yr for LIZIX. Their 0.09 correlation means their historical movements had little consistent relationship. BDMIX charges 1.34%/yr vs 0.10%/yr for LIZIX.
Performance
BDMIX vs. LIZIX - 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 LIZIX's 11.42% 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%
LIZIX
- 1D
- 0.25%
- 1M
- -0.27%
- 6M
- 7.44%
- YTD
- 11.42%
- 1Y
- 23.77%
- 3Y*
- 17.25%
- 5Y*
- 9.85%
- 10Y*
- —
- ALL TIME*
- 11.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BDMIX vs. LIZIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BDMIX BlackRock Global Equity Market Neutral Fund Class I | 12.92% | 18.30% | 21.39% | 14.55% | 1.80% | 3.34% | 0.29% | -0.85% | 2.20% | 12.85% |
LIZIX BlackRock LifePath Index 2060 Fund | 11.42% | 21.65% | 14.01% | 21.63% | -18.42% | 18.81% | 15.02% | 26.79% | -7.81% | 20.53% |
Correlation
The correlation between BDMIX and LIZIX is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.09 |
Over the past year, BDMIX and LIZIX have become more correlated (0.40) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
BDMIX vs. LIZIX — Risk / Return Rank
BDMIX
LIZIX
BDMIX vs. LIZIX - 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 BlackRock LifePath Index 2060 Fund (LIZIX). 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 | LIZIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.29 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 7.60 | 2.36 | +5.24 |
| Martin ratioReturn relative to average drawdown | 20.19 | 9.93 | +10.26 |
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Drawdowns
BDMIX vs. LIZIX - Drawdown Comparison
The maximum BDMIX drawdown since its inception was -11.89%, smaller than the maximum LIZIX drawdown of -34.39%. Use the drawdown chart below to compare losses from any high point for BDMIX and LIZIX.
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Drawdown Indicators
| BDMIX | LIZIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.89% | -34.39% | +22.50% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -9.50% | +6.26% |
Max Drawdown (3Y)Largest decline over 3 years | -4.07% | -17.21% | +13.14% |
Max Drawdown (5Y)Largest decline over 5 years | -5.23% | -26.49% | +21.26% |
Max Drawdown (10Y)Largest decline over 10 years | -9.44% | — | — |
Current DrawdownCurrent decline from peak | -0.28% | -1.57% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -4.89% | +2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 2.26% | -1.04% |
Volatility
BDMIX vs. LIZIX - Volatility Comparison
The current volatility for BlackRock Global Equity Market Neutral Fund Class I (BDMIX) is 2.61%, while BlackRock LifePath Index 2060 Fund (LIZIX) has a volatility of 3.94%. This indicates that BDMIX experiences smaller price fluctuations and is considered to be less risky than LIZIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BDMIX | LIZIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 3.94% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 5.41% | 11.63% | -6.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.42% | 13.86% | -6.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.68% | 16.04% | -9.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.91% | 16.93% | -11.02% |
BDMIX vs. LIZIX - Expense Ratio Comparison
BDMIX has a 1.34% expense ratio, which is higher than LIZIX's 0.10% expense ratio.
Dividends
BDMIX vs. LIZIX - Dividend Comparison
BDMIX's dividend yield for the trailing twelve months is around 11.46%, more than LIZIX's 1.98% 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% |
LIZIX BlackRock LifePath Index 2060 Fund | 1.98% | 2.16% | 0.00% | 2.02% | 1.81% | 1.97% | 1.53% | 2.49% | 2.22% | 2.04% | 0.00% | 0.00% |
Frequently Asked Questions
BDMIX and LIZIX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LIZIX has higher volatility (3.94%) compared to BDMIX (2.61%). In terms of maximum drawdown, BDMIX dropped -11.89% vs LIZIX's -34.39%.
BDMIX currently has the higher Sharpe Ratio (3.32 vs 1.62), 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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