BGCKX vs. BDMAX
Compare and contrast key facts about BlackRock Global Equity Market Neutral Fund Institutional Shares (BGCKX) and BlackRock Global Equity Market Neutral Fund (BDMAX).
BGCKX is an actively managed fund by BlackRock. It was launched on Jan 29, 2016. BDMAX is an actively managed fund by BlackRock. It was launched on Dec 20, 2012.
Performance
BGCKX vs. BDMAX - Performance Comparison
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BGCKX vs. BDMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGCKX BlackRock Global Equity Market Neutral Fund Institutional Shares | 3.62% | 18.38% | 21.55% | 14.60% | 1.80% | 3.42% | 0.33% | -0.82% | 2.22% | 12.83% |
BDMAX BlackRock Global Equity Market Neutral Fund | 3.51% | 18.08% | 21.12% | 14.27% | 1.57% | 3.11% | -0.05% | -1.02% | 1.86% | 12.57% |
Returns By Period
The year-to-date returns for both stocks are quite close, with BGCKX having a 3.62% return and BDMAX slightly lower at 3.51%. Both investments have delivered pretty close results over the past 10 years, with BGCKX having a 7.27% annualized return and BDMAX not far behind at 6.95%.
BGCKX
- 1D
- -0.46%
- 1M
- 0.93%
- YTD
- 3.62%
- 6M
- 6.66%
- 1Y
- 16.80%
- 3Y*
- 18.66%
- 5Y*
- 11.22%
- 10Y*
- 7.27%
BDMAX
- 1D
- -0.41%
- 1M
- 0.89%
- YTD
- 3.51%
- 6M
- 6.52%
- 1Y
- 16.41%
- 3Y*
- 18.28%
- 5Y*
- 10.88%
- 10Y*
- 6.95%
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BGCKX vs. BDMAX - Expense Ratio Comparison
BGCKX has a 1.29% expense ratio, which is lower than BDMAX's 1.60% expense ratio.
Return for Risk
BGCKX vs. BDMAX — Risk / Return Rank
BGCKX
BDMAX
BGCKX vs. BDMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Equity Market Neutral Fund Institutional Shares (BGCKX) and BlackRock Global Equity Market Neutral Fund (BDMAX). 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.
| BGCKX | BDMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.59 | 2.54 | +0.05 |
Sortino ratioReturn per unit of downside risk | 3.78 | 3.72 | +0.06 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.47 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 5.07 | 4.83 | +0.25 |
Martin ratioReturn relative to average drawdown | 13.83 | 13.40 | +0.43 |
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
| BGCKX | BDMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.59 | 2.54 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.73 | 1.68 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.26 | 1.21 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.26 | 1.09 | +0.17 |
Correlation
The correlation between BGCKX and BDMAX is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BGCKX vs. BDMAX - Dividend Comparison
BGCKX's dividend yield for the trailing twelve months is around 8.65%, which matches BDMAX's 8.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGCKX BlackRock Global Equity Market Neutral Fund Institutional Shares | 8.65% | 8.96% | 13.25% | 7.49% | 0.00% | 1.22% | 0.34% | 6.80% | 0.96% | 0.00% | 0.00% | 0.00% |
BDMAX BlackRock Global Equity Market Neutral Fund | 8.64% | 8.94% | 13.39% | 7.14% | 0.00% | 1.25% | 0.04% | 6.60% | 0.85% | 0.00% | 0.00% | 1.56% |
Drawdowns
BGCKX vs. BDMAX - Drawdown Comparison
The maximum BGCKX drawdown since its inception was -9.47%, smaller than the maximum BDMAX drawdown of -12.37%. Use the drawdown chart below to compare losses from any high point for BGCKX and BDMAX.
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Drawdown Indicators
| BGCKX | BDMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.47% | -12.37% | +2.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.51% | -3.61% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -7.35% | -7.72% | +0.37% |
Max Drawdown (10Y)Largest decline over 10 years | -9.47% | -9.71% | +0.24% |
Current DrawdownCurrent decline from peak | -0.85% | -0.81% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -2.86% | +0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 1.30% | -0.01% |
Volatility
BGCKX vs. BDMAX - Volatility Comparison
BlackRock Global Equity Market Neutral Fund Institutional Shares (BGCKX) and BlackRock Global Equity Market Neutral Fund (BDMAX) have volatilities of 1.59% and 1.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGCKX | BDMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 1.56% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 4.75% | 4.70% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.92% | 6.91% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.53% | 6.53% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.76% | 5.77% | -0.01% |