BILPX vs. DEVDX

Last updated Jun 23, 2026

BILPX (BlackRock Event Driven Equity Fund) and DEVDX (Driehaus Event Driven Fund) are both Event Driven funds. A 0.50 correlation means they provide meaningful diversification when combined. BILPX charges 1.16%/yr vs 1.66%/yr for DEVDX.

Performance

BILPX vs. DEVDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Event Driven Equity Fund (BILPX) and Driehaus Event Driven Fund (DEVDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BILPX

• 1D: 0.00%
• 1M: 0.19%
• YTD: 2.12%
• 6M: 2.12%
• 1Y: 6.06%
• 3Y*: 6.90%
• 5Y*: 3.87%
• 10Y*: 5.05%

DEVDX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BILPX vs. DEVDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BILPX BlackRock Event Driven Equity Fund	2.12%	8.43%	4.37%	5.38%	0.01%	1.95%	6.30%	7.29%	5.47%	7.15%
DEVDX Driehaus Event Driven Fund	-1.35%	5.99%	3.06%	9.59%	-9.99%	7.24%	24.78%	20.49%	-4.06%	4.35%

Correlation

The correlation between BILPX and DEVDX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.50

Over the past year, the correlation between BILPX and DEVDX has dropped to 0.26 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

Return for Risk

BILPX vs. DEVDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BILPX

BILPX Risk / Return Rank: 74
BILPX Sharpe Ratio Rank: 59
BILPX Sortino Ratio Rank: 72
BILPX Omega Ratio Rank: 67
BILPX Calmar Ratio Rank: 87
BILPX Martin Ratio Rank: 86

DEVDX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

BILPX vs. DEVDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Event Driven Equity Fund (BILPX) and Driehaus Event Driven Fund (DEVDX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BILPX	DEVDX	Difference
Sharpe ratio: Return per unit of total volatility	2.09	—	—
Sortino ratio: Return per unit of downside risk	3.22	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	3.98	—	—
Martin ratio: Return relative to average drawdown	15.10	—	—

Drawdowns

Drawdown Indicators

	BILPX	DEVDX	Difference
Max Drawdown Largest peak-to-trough decline	-47.50%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-1.53%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-3.33%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-4.53%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-11.58%	—	—
Current Drawdown Current decline from peak	-0.09%	—	—
Average Drawdown Average peak-to-trough decline	-5.51%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.40%	—	—

Volatility

Volatility by Period

	BILPX	DEVDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.17%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.92%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.09%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.64%	—	—

BILPX vs. DEVDX - Expense Ratio Comparison

BILPX has a 1.16% expense ratio, which is lower than DEVDX's 1.66% expense ratio.

Dividends

BILPX vs. DEVDX - Dividend Comparison

BILPX's dividend yield for the trailing twelve months is around 4.11%, less than DEVDX's 16.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BILPX BlackRock Event Driven Equity Fund	4.11%	4.19%	4.16%	1.99%	2.58%	2.66%	2.97%	3.41%	1.97%	5.12%	1.11%	74.64%
DEVDX Driehaus Event Driven Fund	16.48%	14.24%	1.35%	4.48%	1.49%	12.11%	3.48%	4.09%	3.57%	0.00%	1.20%	0.66%

Frequently Asked Questions

Can I hold both BILPX and DEVDX in my portfolio?

BILPX and DEVDX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.