BDMIX vs. VMNFX
Compare and contrast key facts about BlackRock Global Long/Short Equity Fund Class I (BDMIX) and Vanguard Market Neutral Fund Investor Shares (VMNFX).
BDMIX is managed by Blackrock. It was launched on Dec 20, 2012. VMNFX is managed by Vanguard. It was launched on Nov 11, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BDMIX or VMNFX.
Key characteristics
| BDMIX | VMNFX | |
|---|---|---|
| YTD Return | 19.12% | 7.53% |
| 1Y Return | 23.39% | 7.41% |
| 3Y Return (Ann) | 11.58% | 14.02% |
| 5Y Return (Ann) | 5.64% | 8.28% |
| 10Y Return (Ann) | 3.21% | 3.49% |
| Sharpe Ratio | 3.32 | 1.27 |
| Sortino Ratio | 4.88 | 1.89 |
| Omega Ratio | 1.65 | 1.22 |
| Calmar Ratio | 5.72 | 2.40 |
| Martin Ratio | 21.05 | 5.41 |
| Ulcer Index | 1.11% | 1.46% |
| Daily Std Dev | 7.02% | 6.21% |
| Max Drawdown | -14.89% | -25.42% |
| Current Drawdown | -2.23% | -1.73% |
Correlation
The correlation between BDMIX and VMNFX is 0.19, 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.
Performance
BDMIX vs. VMNFX - Performance Comparison
In the year-to-date period, BDMIX achieves a 19.12% return, which is significantly higher than VMNFX's 7.53% return. Over the past 10 years, BDMIX has underperformed VMNFX with an annualized return of 3.21%, while VMNFX has yielded a comparatively higher 3.49% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BDMIX vs. VMNFX - Expense Ratio Comparison
BDMIX has a 1.57% expense ratio, which is higher than VMNFX's 1.31% expense ratio.
Risk-Adjusted Performance
BDMIX vs. VMNFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Long/Short Equity Fund Class I (BDMIX) and Vanguard Market Neutral Fund Investor Shares (VMNFX). 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.
Dividends
BDMIX vs. VMNFX - Dividend Comparison
BDMIX's dividend yield for the trailing twelve months is around 12.80%, more than VMNFX's 4.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDMIX BlackRock Global Long/Short Equity Fund Class I | 12.80% | 7.42% | 0.00% | 0.00% | 0.00% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.27% |
VMNFX Vanguard Market Neutral Fund Investor Shares | 4.77% | 5.09% | 0.75% | 0.15% | 0.81% | 3.16% | 0.94% | 1.07% | 0.38% | 0.02% | 0.00% | 0.03% |
Drawdowns
BDMIX vs. VMNFX - Drawdown Comparison
The maximum BDMIX drawdown since its inception was -14.89%, smaller than the maximum VMNFX drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for BDMIX and VMNFX. For additional features, visit the drawdowns tool.
Volatility
BDMIX vs. VMNFX - Volatility Comparison
BlackRock Global Long/Short Equity Fund Class I (BDMIX) has a higher volatility of 3.14% compared to Vanguard Market Neutral Fund Investor Shares (VMNFX) at 2.29%. This indicates that BDMIX's price experiences larger fluctuations and is considered to be riskier than VMNFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.