BIMBX vs. IPOAX
BIMBX (BlackRock Systematic Multi-Strategy Class I) and IPOAX (Delaware Ivy Systematic Emerging Markets Equity Fund) are both mutual funds - BIMBX is a Diversified Portfolio fund managed by BlackRock, while IPOAX is a Emerging Markets Diversified fund managed by Delaware Funds by Macquarie. Over the past 10 years, BIMBX returned 4.47%/yr vs 10.65%/yr for IPOAX. At a 0.09 correlation, their price movements are largely independent. BIMBX charges 0.98%/yr vs 1.15%/yr for IPOAX.
Performance
BIMBX vs. IPOAX - Performance Comparison
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Returns By Period
In the year-to-date period, BIMBX achieves a -0.77% return, which is significantly lower than IPOAX's 28.02% return. Over the past 10 years, BIMBX has underperformed IPOAX with an annualized return of 4.47%, while IPOAX has yielded a comparatively higher 10.65% annualized return.
BIMBX
- 1D
- -0.19%
- 1M
- -0.48%
- YTD
- -0.77%
- 6M
- 0.61%
- 1Y
- 1.28%
- 3Y*
- 5.96%
- 5Y*
- 3.32%
- 10Y*
- 4.47%
IPOAX
- 1D
- 0.86%
- 1M
- 7.80%
- YTD
- 28.02%
- 6M
- 31.53%
- 1Y
- 51.25%
- 3Y*
- 22.48%
- 5Y*
- 4.38%
- 10Y*
- 10.65%
BIMBX vs. IPOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIMBX BlackRock Systematic Multi-Strategy Class I | -0.77% | 5.00% | 6.83% | 6.43% | -2.95% | 6.18% | 3.57% | 8.43% | 1.83% | 9.89% |
IPOAX Delaware Ivy Systematic Emerging Markets Equity Fund | 28.02% | 26.53% | 7.71% | 10.86% | -27.56% | -4.67% | 35.01% | 23.23% | -19.83% | 42.47% |
Correlation
The correlation between BIMBX and IPOAX 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 | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.09 |
The correlation between BIMBX and IPOAX shifts across timeframes, from -0.01 (1 year) to 0.12 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BIMBX vs. IPOAX — Risk / Return Rank
BIMBX
IPOAX
BIMBX vs. IPOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Systematic Multi-Strategy Class I (BIMBX) and Delaware Ivy Systematic Emerging Markets Equity Fund (IPOAX). 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.
| BIMBX | IPOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.62 | ||
| Sortino ratioReturn per unit of downside risk | -3.17 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.54 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | 0.22 | 3.90 | -3.68 |
| Martin ratioReturn relative to average drawdown | 0.59 | 14.27 | -13.69 |
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
| BIMBX | IPOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 2.89 | -2.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.22 | +0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.25 | 0.53 | +0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 0.26 | +1.08 |
Drawdowns
BIMBX vs. IPOAX - Drawdown Comparison
The maximum BIMBX drawdown since its inception was -8.73%, smaller than the maximum IPOAX drawdown of -67.11%. Use the drawdown chart below to compare losses from any high point for BIMBX and IPOAX.
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Drawdown Indicators
| BIMBX | IPOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.73% | -67.11% | +58.38% |
Max Drawdown (1Y)Largest decline over 1 year | -5.09% | -13.39% | +8.30% |
Max Drawdown (3Y)Largest decline over 3 years | -5.09% | -16.86% | +11.77% |
Max Drawdown (5Y)Largest decline over 5 years | -6.50% | -42.77% | +36.27% |
Max Drawdown (10Y)Largest decline over 10 years | -8.73% | -45.79% | +37.06% |
Current DrawdownCurrent decline from peak | -4.81% | 0.00% | -4.81% |
Average DrawdownAverage peak-to-trough decline | -1.18% | -23.67% | +22.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 3.65% | -1.79% |
Volatility
BIMBX vs. IPOAX - Volatility Comparison
The current volatility for BlackRock Systematic Multi-Strategy Class I (BIMBX) is 1.18%, while Delaware Ivy Systematic Emerging Markets Equity Fund (IPOAX) has a volatility of 6.72%. This indicates that BIMBX experiences smaller price fluctuations and is considered to be less risky than IPOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIMBX | IPOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 6.72% | -5.54% |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | 15.41% | -12.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 18.07% | -13.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.63% | 19.95% | -16.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.58% | 20.28% | -16.70% |
BIMBX vs. IPOAX - Expense Ratio Comparison
BIMBX has a 0.98% expense ratio, which is lower than IPOAX's 1.15% expense ratio.
Dividends
BIMBX vs. IPOAX - Dividend Comparison
BIMBX's dividend yield for the trailing twelve months is around 2.29%, less than IPOAX's 7.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIMBX BlackRock Systematic Multi-Strategy Class I | 2.29% | 2.27% | 4.07% | 4.48% | 4.99% | 2.62% | 1.31% | 3.90% | 8.93% | 4.08% | 5.00% | 0.00% |
IPOAX Delaware Ivy Systematic Emerging Markets Equity Fund | 7.82% | 10.01% | 3.35% | 3.23% | 14.83% | 0.55% | 0.75% | 0.74% | 0.68% | 0.00% | 0.00% | 0.93% |
Frequently Asked Questions
BIMBX and IPOAX 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.
IPOAX has higher volatility (6.72%) compared to BIMBX (1.18%). In terms of maximum drawdown, BIMBX dropped -8.73% vs IPOAX's -67.11%.
IPOAX currently has the higher Sharpe Ratio (2.89 vs 0.26), 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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