BDMIX vs. VOO
Compare and contrast key facts about BlackRock Global Long/Short Equity Fund Class I (BDMIX) and Vanguard S&P 500 ETF (VOO).
BDMIX is managed by Blackrock. It was launched on Dec 20, 2012. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BDMIX or VOO.
Key characteristics
| BDMIX | VOO | |
|---|---|---|
| YTD Return | 11.01% | 6.62% |
| 1Y Return | 23.41% | 25.71% |
| 3Y Return (Ann) | 8.24% | 8.15% |
| 5Y Return (Ann) | 5.54% | 13.32% |
| 10Y Return (Ann) | 3.99% | 12.46% |
| Sharpe Ratio | 2.07 | 2.13 |
| Daily Std Dev | 11.14% | 11.67% |
| Max Drawdown | -12.42% | -33.99% |
| Current Drawdown | -0.92% | -3.56% |
Correlation
The correlation between BDMIX and VOO is 0.10, 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. VOO - Performance Comparison
In the year-to-date period, BDMIX achieves a 11.01% return, which is significantly higher than VOO's 6.62% return. Over the past 10 years, BDMIX has underperformed VOO with an annualized return of 3.99%, while VOO has yielded a comparatively higher 12.46% 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. VOO - Expense Ratio Comparison
BDMIX has a 1.57% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
BDMIX vs. VOO - 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 S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
BDMIX's dividend yield for the trailing twelve months is around 6.69%, more than VOO's 1.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDMIX BlackRock Global Long/Short Equity Fund Class I | 6.69% | 7.42% | 0.00% | 1.23% | 0.30% | 6.78% | 0.94% | 0.00% | 0.00% | 1.86% | 0.11% | 1.27% |
VOO Vanguard S&P 500 ETF | 1.38% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
BDMIX vs. VOO - Drawdown Comparison
The maximum BDMIX drawdown since its inception was -12.42%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for BDMIX and VOO. For additional features, visit the drawdowns tool.
Volatility
BDMIX vs. VOO - Volatility Comparison
The current volatility for BlackRock Global Long/Short Equity Fund Class I (BDMIX) is 1.59%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.04%. This indicates that BDMIX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.