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BIVRX vs. BDMIX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

BIVRX vs. BDMIX

Last updated Apr 2, 2026

Compare and contrast key facts about Invenomic Fund (BIVRX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX).

BIVRX is managed by Invenomic. It was launched on Jun 18, 2017. BDMIX is managed by BlackRock. It was launched on Dec 20, 2012.

Performance

BIVRX vs. BDMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invenomic Fund (BIVRX) 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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BIVRX vs. BDMIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BIVRX
Invenomic Fund		3.63%4.39%-9.03%16.47%49.61%44.06%11.12%11.36%3.41%8.73%
BDMIX
BlackRock Global Long/Short Equity Fund Class I		4.32%18.30%21.39%14.55%1.80%3.34%0.29%-0.85%2.20%6.78%

Returns By Period

In the year-to-date period, BIVRX achieves a 3.63% return, which is significantly lower than BDMIX's 4.32% return.

BIVRX

1D
-2.18%
1M
1.93%
YTD
3.63%
6M
8.69%
1Y
4.72%
3Y*
0.96%
5Y*
13.24%
10Y*
—

BDMIX

1D
0.73%
1M
1.60%
YTD
4.32%
6M
8.75%
1Y
17.17%
3Y*
18.86%
5Y*
11.38%
10Y*
7.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

Invenomic Fund

BlackRock Global Long/Short Equity Fund Class I

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Often compared with BDMIX:
BDMIX vs. VMNFXBDMIX vs. SPYBDMIX vs. FFSIXBDMIX vs. QAMNXBDMIX vs. CMNIXBDMIX vs. VOOBDMIX vs. AGG

BIVRX vs. BDMIX - Expense Ratio Comparison

BIVRX has a 2.48% expense ratio, which is higher than BDMIX's 1.57% expense ratio.

BIVRX
Invenomic Fund
BDMIX
BlackRock Global Long/Short Equity Fund Class I

Return for Risk

BIVRX vs. BDMIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BIVRX
BIVRX Risk / Return Rank: 99
Overall Rank
BIVRX Sharpe Ratio Rank: 88
Sharpe Ratio Rank
BIVRX Sortino Ratio Rank: 1010
Sortino Ratio Rank
BIVRX Omega Ratio Rank: 88
Omega Ratio Rank
BIVRX Calmar Ratio Rank: 1111
Calmar Ratio Rank
BIVRX Martin Ratio Rank: 99
Martin Ratio Rank
BDMIX
BDMIX Risk / Return Rank: 9696
Overall Rank
BDMIX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
BDMIX Sortino Ratio Rank: 9797
Sortino Ratio Rank
BDMIX Omega Ratio Rank: 9393
Omega Ratio Rank
BDMIX Calmar Ratio Rank: 9898
Calmar Ratio Rank
BDMIX Martin Ratio Rank: 9696
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.

BIVRX vs. BDMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invenomic Fund (BIVRX) 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.

BIVRXBDMIXDifference

Sharpe ratio

Return per unit of total volatility

0.22

2.55

-2.33

Sortino ratio

Return per unit of downside risk

0.50

3.73

-3.23

Omega ratio

Gain probability vs. loss probability

1.05

1.48

-0.42

Calmar ratio

Return relative to maximum drawdown

0.30

5.14

-4.83

Martin ratio

Return relative to average drawdown

0.69

14.25

-13.56

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

BIVRX vs. BDMIX - Sharpe Ratio Comparison

The current BIVRX Sharpe Ratio is 0.22, which is lower than the BDMIX Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of BIVRX and BDMIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

BIVRXBDMIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.22

2.55

-2.33

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.78

1.76

-0.97

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.27

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.89

1.15

-0.26

Correlation

The correlation between BIVRX and BDMIX is -0.08. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

BIVRX vs. BDMIX - Dividend Comparison

BIVRX's dividend yield for the trailing twelve months is around 1.86%, less than BDMIX's 8.56% yield.

TTM20252024202320222021202020192018201720162015
BIVRX
Invenomic Fund		1.86%1.93%3.55%20.26%28.43%3.00%3.11%3.21%4.82%1.21%0.00%0.00%
BDMIX
BlackRock Global Long/Short Equity Fund Class I		8.56%8.94%13.26%7.42%0.00%1.23%0.30%6.78%0.94%0.00%0.00%1.86%

Drawdowns

BIVRX vs. BDMIX - Drawdown Comparison

The maximum BIVRX drawdown since its inception was -18.29%, which is greater than BDMIX's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for BIVRX and BDMIX.

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Drawdown Indicators

BIVRXBDMIXDifference

Max Drawdown

Largest peak-to-trough decline

-18.29%

-11.89%

-6.40%

Max Drawdown (1Y)

Largest decline over 1 year

-13.79%

-3.60%

-10.19%

Max Drawdown (5Y)

Largest decline over 5 years

-17.66%

-7.45%

-10.21%

Max Drawdown (10Y)

Largest decline over 10 years

—

-9.44%

—

Current Drawdown

Current decline from peak

-3.34%

-0.13%

-3.21%

Average Drawdown

Average peak-to-trough decline

-5.91%

-2.71%

-3.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.04%

1.30%

+4.74%

Volatility

BIVRX vs. BDMIX - Volatility Comparison

Invenomic Fund (BIVRX) has a higher volatility of 7.79% compared to BlackRock Global Long/Short Equity Fund Class I (BDMIX) at 1.72%. This indicates that BIVRX's price experiences larger fluctuations and is considered to be riskier 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

BIVRXBDMIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.79%

1.72%

+6.07%

Volatility (6M)

Calculated over the trailing 6-month period

16.78%

4.78%

+12.00%

Volatility (1Y)

Calculated over the trailing 1-year period

20.81%

6.93%

+13.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.96%

6.51%

+10.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.11%

5.77%

+11.34%