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BIIPX vs. BDMIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BIIPX vs. BDMIX

Last updated Jun 4, 2026

BIIPX (iShares Short-Term TIPS Bond Index Fund) and BDMIX (BlackRock Global Long/Short Equity Fund Class I) are both mutual funds - BIIPX is a Inflation-Protected Bonds fund managed by BlackRock, while BDMIX is a Long-Short fund managed by BlackRock. Over the past 5 years, BIIPX returned 2.84%/yr vs 12.93%/yr for BDMIX. At a 0.00 correlation, their price movements are largely independent. BIIPX charges 0.08%/yr vs 1.57%/yr for BDMIX.

Performance

BIIPX vs. BDMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Short-Term TIPS Bond Index Fund (BIIPX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BIIPX achieves a 1.98% return, which is significantly lower than BDMIX's 12.48% return.

BIIPX

1D
0.00%
1M
0.12%
YTD
1.98%
6M
2.04%
1Y
4.68%
3Y*
5.00%
5Y*
2.84%
10Y*
—

BDMIX

1D
0.43%
1M
5.33%
YTD
12.48%
6M
15.59%
1Y
21.79%
3Y*
21.82%
5Y*
12.93%
10Y*
8.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BIIPX vs. BDMIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BIIPX
iShares Short-Term TIPS Bond Index Fund		1.98%6.05%4.75%3.25%-4.12%5.19%4.89%4.83%0.58%0.88%
BDMIX
BlackRock Global Long/Short Equity Fund Class I		12.48%18.30%21.39%14.55%1.80%3.34%0.29%-0.85%2.20%12.64%

Correlation

The correlation between BIIPX and BDMIX is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.01

Correlation (3Y)
Calculated over the trailing 3-year period

0.01

Correlation (5Y)
Calculated over the trailing 5-year period

0.01

Correlation (All Time)
Calculated using the full available price history since Jan 4, 2017

0.00

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Short-Term TIPS Bond Index Fund

BlackRock Global Long/Short Equity Fund Class I

Often compared with BIIPX:
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Often compared with BDMIX:
BDMIX vs. VMNFXBDMIX vs. SPYBDMIX vs. BDMAXBDMIX vs. CMNIXBDMIX vs. QAMNXBDMIX vs. FFSIXBDMIX vs. VOO

Return for Risk

BIIPX vs. BDMIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BIIPX
BIIPX Risk / Return Rank: 7575
Overall Rank
BIIPX Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
BIIPX Sortino Ratio Rank: 8383
Sortino Ratio Rank
BIIPX Omega Ratio Rank: 7676
Omega Ratio Rank
BIIPX Calmar Ratio Rank: 8282
Calmar Ratio Rank
BIIPX Martin Ratio Rank: 8585
Martin Ratio Rank
BDMIX
BDMIX Risk / Return Rank: 9292
Overall Rank
BDMIX Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
BDMIX Sortino Ratio Rank: 9393
Sortino Ratio Rank
BDMIX Omega Ratio Rank: 8787
Omega Ratio Rank
BDMIX Calmar Ratio Rank: 9696
Calmar Ratio Rank
BDMIX Martin Ratio Rank: 8888
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BIIPX vs. BDMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Short-Term TIPS Bond Index Fund (BIIPX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX). 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.

BIIPXBDMIXDifference
Sharpe ratioReturn per unit of total volatility
2.03
3.19

-1.16

Sortino ratioReturn per unit of downside risk
3.96
4.76

-0.80

Omega ratioGain probability vs. loss probability

1.50

1.61

-0.11

Calmar ratioReturn relative to maximum drawdown

3.76

6.14

-2.38

Martin ratioReturn relative to average drawdown

16.24

17.41

-1.18

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BIIPX vs. BDMIX - Sharpe Ratio Comparison

The current BIIPX Sharpe Ratio is 2.03, which is lower than the BDMIX Sharpe Ratio of 3.19. The chart below compares the historical Sharpe Ratios of BIIPX and BDMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BIIPXBDMIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.03

3.19

-1.16

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.92

1.99

-1.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.45

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.12

1.24

-0.11

Drawdowns

BIIPX vs. BDMIX - Drawdown Comparison

The maximum BIIPX drawdown since its inception was -6.46%, smaller than the maximum BDMIX drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for BIIPX and BDMIX.

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Drawdown Indicators

BIIPXBDMIXDifference

Max Drawdown

Largest peak-to-trough decline

-6.46%

-11.89%

+5.43%

Max Drawdown (1Y)

Largest decline over 1 year

-1.22%

-3.54%

+2.32%

Max Drawdown (3Y)

Largest decline over 3 years

-1.22%

-4.07%

+2.85%

Max Drawdown (5Y)

Largest decline over 5 years

-6.46%

-6.15%

-0.31%

Max Drawdown (10Y)

Largest decline over 10 years

—

-9.44%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-1.08%

-2.68%

+1.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.28%

1.26%

-0.98%

Volatility

BIIPX vs. BDMIX - Volatility Comparison

The current volatility for iShares Short-Term TIPS Bond Index Fund (BIIPX) is 1.21%, while BlackRock Global Long/Short Equity Fund Class I (BDMIX) has a volatility of 1.94%. This indicates that BIIPX experiences smaller price fluctuations and is considered to be less risky than BDMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BIIPXBDMIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.21%

1.94%

-0.73%

Volatility (6M)

Calculated over the trailing 6-month period

1.67%

4.45%

-2.78%

Volatility (1Y)

Calculated over the trailing 1-year period

2.27%

6.83%

-4.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.11%

6.52%

-3.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.64%

5.81%

-3.17%

BIIPX vs. BDMIX - Expense Ratio Comparison

BIIPX has a 0.08% expense ratio, which is lower than BDMIX's 1.57% expense ratio.

Dividends

BIIPX vs. BDMIX - Dividend Comparison

BIIPX's dividend yield for the trailing twelve months is around 4.59%, less than BDMIX's 7.94% yield.

PositionTTM20252024202320222021202020192018201720162015
BDMIX
BlackRock Global Long/Short Equity Fund Class I		7.94%8.94%13.26%7.42%0.00%1.23%0.30%6.78%0.94%0.00%0.00%1.86%
BIIPX
iShares Short-Term TIPS Bond Index Fund		4.59%4.64%4.30%2.65%4.56%4.39%1.58%2.27%2.74%1.89%0.00%0.00%

Frequently Asked Questions

BIIPX and BDMIX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BDMIX has higher volatility (1.94%) compared to BIIPX (1.21%). In terms of maximum drawdown, BIIPX dropped -6.46% vs BDMIX's -11.89%.

BDMIX currently has the higher Sharpe Ratio (3.19 vs 2.03), 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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