BDMIX vs. VGSLX
BDMIX (BlackRock Global Equity Market Neutral Fund Class I) and VGSLX (Vanguard Real Estate Index Fund Admiral Shares) are both mutual funds - BDMIX is a Equity Market Neutral fund managed by BlackRock, while VGSLX is a REIT fund tracking the MSCI US Investable Market Real Estate 25/50 Index. Over the past 10 years, BDMIX returned 8.43%/yr vs 5.03%/yr for VGSLX. At a 0.01 correlation, their price movements are largely independent. BDMIX charges 1.34%/yr vs 0.13%/yr for VGSLX.
Performance
BDMIX vs. VGSLX - Performance Comparison
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Returns By Period
In the year-to-date period, BDMIX achieves a 11.04% return, which is significantly lower than VGSLX's 15.28% return. Over the past 10 years, BDMIX has outperformed VGSLX with an annualized return of 8.43%, while VGSLX has yielded a comparatively lower 5.03% annualized return.
BDMIX
- 1D
- 0.00%
- 1M
- -1.70%
- 6M
- 10.44%
- YTD
- 11.04%
- 1Y
- 23.64%
- 3Y*
- 20.47%
- 5Y*
- 12.79%
- 10Y*
- 8.43%
- ALL TIME*
- 6.82%
VGSLX
- 1D
- -0.04%
- 1M
- 5.59%
- 6M
- 10.13%
- YTD
- 15.28%
- 1Y
- 15.51%
- 3Y*
- 9.80%
- 5Y*
- 2.84%
- 10Y*
- 5.03%
- ALL TIME*
- 9.00%
BDMIX vs. VGSLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BDMIX BlackRock Global Equity Market Neutral Fund Class I | 11.04% | 18.30% | 21.39% | 14.55% | 1.80% | 3.34% | 0.29% | -0.85% | 2.20% | 12.85% |
VGSLX Vanguard Real Estate Index Fund Admiral Shares | 15.28% | 3.18% | 3.67% | 13.13% | -26.20% | 40.39% | -4.75% | 28.90% | -5.99% | 4.91% |
Correlation
The correlation between BDMIX and VGSLX is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
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 | 0.01 |
The correlation between BDMIX and VGSLX shifts across timeframes, from -0.10 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BDMIX vs. VGSLX — Risk / Return Rank
BDMIX
VGSLX
BDMIX vs. VGSLX - 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 Vanguard Real Estate Index Fund Admiral Shares (VGSLX). 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 | VGSLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.00 | ||
| Sortino ratioReturn per unit of downside risk | +2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.20 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 7.04 | 1.91 | +5.13 |
| Martin ratioReturn relative to average drawdown | 18.99 | 6.00 | +12.99 |
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Drawdowns
BDMIX vs. VGSLX - Drawdown Comparison
The maximum BDMIX drawdown since its inception was -11.89%, smaller than the maximum VGSLX drawdown of -73.05%. Use the drawdown chart below to compare losses from any high point for BDMIX and VGSLX.
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Drawdown Indicators
| BDMIX | VGSLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.89% | -73.05% | +61.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -8.33% | +5.09% |
Max Drawdown (3Y)Largest decline over 3 years | -4.07% | -17.41% | +13.34% |
Max Drawdown (5Y)Largest decline over 5 years | -5.23% | -34.41% | +29.18% |
Max Drawdown (10Y)Largest decline over 10 years | -9.44% | -42.34% | +32.90% |
Current DrawdownCurrent decline from peak | -1.94% | -0.04% | -1.90% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -12.52% | +9.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 2.65% | -1.44% |
Volatility
BDMIX vs. VGSLX - Volatility Comparison
The current volatility for BlackRock Global Equity Market Neutral Fund Class I (BDMIX) is 2.16%, while Vanguard Real Estate Index Fund Admiral Shares (VGSLX) has a volatility of 5.31%. This indicates that BDMIX experiences smaller price fluctuations and is considered to be less risky than VGSLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BDMIX | VGSLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.16% | 5.31% | -3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 5.11% | 10.83% | -5.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.29% | 14.01% | -6.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.63% | 18.97% | -12.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.87% | 20.90% | -15.03% |
BDMIX vs. VGSLX - Expense Ratio Comparison
BDMIX has a 1.34% expense ratio, which is higher than VGSLX's 0.13% expense ratio.
Dividends
BDMIX vs. VGSLX - Dividend Comparison
BDMIX's dividend yield for the trailing twelve months is around 3.67%, more than VGSLX's 3.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDMIX BlackRock Global Equity Market Neutral Fund Class I | 3.67% | 8.94% | 13.26% | 7.42% | 0.00% | 1.23% | 0.30% | 6.78% | 0.94% | 0.00% | 0.00% | 1.86% |
VGSLX Vanguard Real Estate Index Fund Admiral Shares | 3.47% | 3.92% | 3.85% | 3.91% | 3.91% | 2.56% | 3.92% | 3.39% | 4.73% | 4.23% | 4.82% | 3.92% |
Frequently Asked Questions
BDMIX and VGSLX have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGSLX has higher volatility (5.31%) compared to BDMIX (2.16%). In terms of maximum drawdown, BDMIX dropped -11.89% vs VGSLX's -73.05%.
BDMIX currently has the higher Sharpe Ratio (3.14 vs 1.14), 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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