BKT vs. BDMAX
BKT (BlackRock Income Trust) and BDMAX (BlackRock Global Equity Market Neutral Fund) are both mutual funds - BKT is a fund fund managed by BlackRock, while BDMAX is a Equity Market Neutral fund actively managed by BlackRock. Over the past 10 years, BKT returned 0.88%/yr vs 8.21%/yr for BDMAX. Their -0.01 correlation means they have often moved in opposite directions in the past. BKT charges 2.06%/yr vs 1.60%/yr for BDMAX.
Performance
BKT vs. BDMAX - Performance Comparison
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Returns By Period
In the year-to-date period, BKT achieves a -2.34% return, which is significantly lower than BDMAX's 11.82% return. Over the past 10 years, BKT has underperformed BDMAX with an annualized return of 0.88%, while BDMAX has yielded a comparatively higher 8.21% annualized return.
BKT
- 1D
- -0.39%
- 1M
- -3.43%
- 6M
- -3.63%
- YTD
- -2.34%
- 1Y
- -3.52%
- 3Y*
- 3.78%
- 5Y*
- -3.77%
- 10Y*
- 0.88%
- ALL TIME*
- 2.02%
BDMAX
- 1D
- 1.16%
- 1M
- 1.62%
- 6M
- 10.73%
- YTD
- 11.82%
- 1Y
- 23.19%
- 3Y*
- 20.21%
- 5Y*
- 12.85%
- 10Y*
- 8.21%
- ALL TIME*
- 6.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.07M | $936.37K | $1.04M |
BKT vs. BDMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BKT BlackRock Income Trust | -2.34% | 5.92% | 3.33% | 7.69% | -21.51% | -0.44% | 7.36% | 14.91% | -2.59% | 2.58% |
BDMAX BlackRock Global Equity Market Neutral Fund | 11.82% | 18.08% | 21.12% | 14.27% | 1.57% | 3.11% | -0.05% | -1.02% | 1.86% | 12.57% |
Correlation
The correlation between BKT and BDMAX is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.02 |
Correlation (3Y) Balances recent behavior with more history. | -0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.02 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | -0.01 |
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Return for Risk
BKT vs. BDMAX — Risk / Return Rank
BKT
BDMAX
BKT vs. BDMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Income Trust (BKT) and BlackRock Global Equity Market Neutral Fund (BDMAX). 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.
| BKT | BDMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.63 | ||
| Sortino ratioReturn per unit of downside risk | -5.16 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.60 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 7.28 | -7.76 |
| Martin ratioReturn relative to average drawdown | -0.97 | 19.24 | -20.21 |
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Drawdowns
BKT vs. BDMAX - Drawdown Comparison
The maximum BKT drawdown since its inception was -48.86%, which is greater than BDMAX's maximum drawdown of -12.37%. Use the drawdown chart below to compare losses from any high point for BKT and BDMAX.
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Drawdown Indicators
| BKT | BDMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.86% | -12.37% | -36.49% |
Max Drawdown (1Y)Largest decline over 1 year | -6.24% | -3.25% | -2.99% |
Max Drawdown (3Y)Largest decline over 3 years | -10.50% | -4.15% | -6.35% |
Max Drawdown (5Y)Largest decline over 5 years | -35.70% | -5.56% | -30.14% |
Max Drawdown (10Y)Largest decline over 10 years | -35.70% | -9.71% | -25.99% |
Current DrawdownCurrent decline from peak | -19.49% | -1.15% | -18.34% |
Average DrawdownAverage peak-to-trough decline | -14.77% | -2.80% | -11.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 1.23% | +1.88% |
Volatility
BKT vs. BDMAX - Volatility Comparison
The current volatility for BlackRock Income Trust (BKT) is 2.10%, while BlackRock Global Equity Market Neutral Fund (BDMAX) has a volatility of 2.58%. This indicates that BKT experiences smaller price fluctuations and is considered to be less risky than BDMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKT | BDMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 2.58% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 5.51% | 5.36% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.05% | 7.39% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.18% | 6.67% | +4.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.76% | 5.90% | +3.86% |
BKT vs. BDMAX - Expense Ratio Comparison
BKT has a 2.06% expense ratio, which is higher than BDMAX's 1.60% expense ratio.
Dividends
BKT vs. BDMAX - Dividend Comparison
BKT's dividend yield for the trailing twelve months is around 10.38%, less than BDMAX's 11.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDMAX BlackRock Global Equity Market Neutral Fund | 11.66% | 8.94% | 13.39% | 7.14% | 0.00% | 1.25% | 0.04% | 6.60% | 0.85% | 0.00% | 0.00% | 1.56% |
BKT BlackRock Income Trust | 10.38% | 9.53% | 9.19% | 8.69% | 8.35% | 7.31% | 6.80% | 6.82% | 6.48% | 5.15% | 5.09% | 5.89% |
Frequently Asked Questions
BKT and BDMAX have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDMAX has higher volatility (2.58%) compared to BKT (2.10%). In terms of maximum drawdown, BKT dropped -48.86% vs BDMAX's -12.37%.
BDMAX currently has the higher Sharpe Ratio (3.20 vs -0.43), 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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