BDMIX vs. SPY
Compare and contrast key facts about BlackRock Global Long/Short Equity Fund Class I (BDMIX) and State Street SPDR S&P 500 ETF (SPY).
BDMIX is managed by BlackRock. It was launched on Dec 20, 2012. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
BDMIX vs. SPY - Performance Comparison
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BDMIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BDMIX BlackRock Global Long/Short Equity Fund Class I | 4.32% | 18.30% | 21.39% | 14.55% | 1.80% | 3.34% | 0.29% | -0.85% | 2.20% | 12.85% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, BDMIX achieves a 4.32% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, BDMIX has underperformed SPY with an annualized return of 7.29%, while SPY has yielded a comparatively higher 14.06% annualized return.
BDMIX
- 1D
- 0.73%
- 1M
- 1.60%
- YTD
- 4.32%
- 6M
- 8.75%
- 1Y
- 17.17%
- 3Y*
- 18.86%
- 5Y*
- 11.38%
- 10Y*
- 7.29%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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BDMIX vs. SPY - Expense Ratio Comparison
BDMIX has a 1.57% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
BDMIX vs. SPY — Risk / Return Rank
BDMIX
SPY
BDMIX vs. SPY - 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 State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.55 | 0.96 | +1.60 |
Sortino ratioReturn per unit of downside risk | 3.73 | 1.49 | +2.24 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.23 | +0.25 |
Calmar ratioReturn relative to maximum drawdown | 5.14 | 1.53 | +3.60 |
Martin ratioReturn relative to average drawdown | 14.25 | 7.27 | +6.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BDMIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.55 | 0.96 | +1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.76 | 0.70 | +1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.27 | 0.79 | +0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.56 | +0.58 |
Correlation
The correlation between BDMIX and SPY is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BDMIX vs. SPY - Dividend Comparison
BDMIX's dividend yield for the trailing twelve months is around 8.56%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDMIX BlackRock Global Long/Short Equity Fund Class I | 8.56% | 8.94% | 13.26% | 7.42% | 0.00% | 1.23% | 0.30% | 6.78% | 0.94% | 0.00% | 0.00% | 1.86% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
BDMIX vs. SPY - Drawdown Comparison
The maximum BDMIX drawdown since its inception was -11.89%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BDMIX and SPY.
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Drawdown Indicators
| BDMIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.89% | -55.19% | +43.30% |
Max Drawdown (1Y)Largest decline over 1 year | -3.60% | -12.05% | +8.45% |
Max Drawdown (5Y)Largest decline over 5 years | -7.45% | -24.50% | +17.05% |
Max Drawdown (10Y)Largest decline over 10 years | -9.44% | -33.72% | +24.28% |
Current DrawdownCurrent decline from peak | -0.13% | -5.53% | +5.40% |
Average DrawdownAverage peak-to-trough decline | -2.71% | -9.09% | +6.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 2.54% | -1.24% |
Volatility
BDMIX vs. SPY - Volatility Comparison
The current volatility for BlackRock Global Long/Short Equity Fund Class I (BDMIX) is 1.72%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. This indicates that BDMIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BDMIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 5.35% | -3.63% |
Volatility (6M)Calculated over the trailing 6-month period | 4.78% | 9.50% | -4.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.93% | 19.06% | -12.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.51% | 17.06% | -10.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.77% | 17.92% | -12.15% |