BILPX vs. ARBFX
Compare and contrast key facts about BlackRock Event Driven Equity Fund (BILPX) and The Arbitrage Fund (ARBFX).
BILPX is managed by BlackRock. It was launched on Dec 18, 2007. ARBFX is managed by Arbitrage Fund. It was launched on Sep 17, 2000.
Performance
BILPX vs. ARBFX - Performance Comparison
Loading graphics...
BILPX vs. ARBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BILPX BlackRock Event Driven Equity Fund | -0.10% | 8.43% | 4.37% | 5.38% | 0.01% | 1.95% | 6.30% | 7.29% | 5.47% | 7.15% |
ARBFX The Arbitrage Fund | 0.45% | 8.01% | 2.61% | 5.94% | -1.02% | 0.85% | 5.42% | 3.57% | 2.12% | 2.59% |
Returns By Period
In the year-to-date period, BILPX achieves a -0.10% return, which is significantly lower than ARBFX's 0.45% return. Over the past 10 years, BILPX has outperformed ARBFX with an annualized return of 4.71%, while ARBFX has yielded a comparatively lower 3.20% annualized return.
BILPX
- 1D
- -0.10%
- 1M
- -1.14%
- YTD
- -0.10%
- 6M
- 1.51%
- 1Y
- 6.72%
- 3Y*
- 5.76%
- 5Y*
- 3.82%
- 10Y*
- 4.71%
ARBFX
- 1D
- 0.00%
- 1M
- -0.37%
- YTD
- 0.45%
- 6M
- 2.38%
- 1Y
- 5.95%
- 3Y*
- 5.57%
- 5Y*
- 3.01%
- 10Y*
- 3.20%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BILPX vs. ARBFX - Expense Ratio Comparison
BILPX has a 1.16% expense ratio, which is lower than ARBFX's 1.43% expense ratio.
Return for Risk
BILPX vs. ARBFX — Risk / Return Rank
BILPX
ARBFX
BILPX vs. ARBFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Event Driven Equity Fund (BILPX) and The Arbitrage Fund (ARBFX). 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.
| BILPX | ARBFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 2.45 | -0.98 |
Sortino ratioReturn per unit of downside risk | 2.09 | 3.79 | -1.70 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.59 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 2.14 | 3.28 | -1.14 |
Martin ratioReturn relative to average drawdown | 12.95 | 16.11 | -3.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| BILPX | ARBFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 2.45 | -0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.83 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.01 | 0.73 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.34 | +0.02 |
Correlation
The correlation between BILPX and ARBFX is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BILPX vs. ARBFX - Dividend Comparison
BILPX's dividend yield for the trailing twelve months is around 4.20%, more than ARBFX's 3.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BILPX BlackRock Event Driven Equity Fund | 4.20% | 4.19% | 4.16% | 1.99% | 2.58% | 2.66% | 2.97% | 3.41% | 1.97% | 5.12% | 1.11% | 74.64% |
ARBFX The Arbitrage Fund | 3.57% | 3.59% | 0.94% | 1.92% | 3.67% | 0.53% | 6.94% | 2.12% | 1.71% | 3.55% | 0.96% | 2.36% |
Drawdowns
BILPX vs. ARBFX - Drawdown Comparison
The maximum BILPX drawdown since its inception was -47.50%, which is greater than ARBFX's maximum drawdown of -38.01%. Use the drawdown chart below to compare losses from any high point for BILPX and ARBFX.
Loading graphics...
Drawdown Indicators
| BILPX | ARBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.50% | -38.01% | -9.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -1.82% | -1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -5.18% | -7.64% | +2.46% |
Max Drawdown (10Y)Largest decline over 10 years | -11.58% | -11.90% | +0.32% |
Current DrawdownCurrent decline from peak | -1.24% | -0.44% | -0.80% |
Average DrawdownAverage peak-to-trough decline | -5.58% | -2.38% | -3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 0.37% | +0.13% |
Volatility
BILPX vs. ARBFX - Volatility Comparison
BlackRock Event Driven Equity Fund (BILPX) has a higher volatility of 0.95% compared to The Arbitrage Fund (ARBFX) at 0.61%. This indicates that BILPX's price experiences larger fluctuations and is considered to be riskier than ARBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| BILPX | ARBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 0.61% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.17% | 1.47% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.58% | 2.47% | +2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.08% | 3.66% | +0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.67% | 4.42% | +0.25% |