BMCIX vs. BDMAX
BMCIX (BlackRock High Equity Income Fund) and BDMAX (BlackRock Global Equity Market Neutral Fund) are both mutual funds - BMCIX is a Derivative Income fund managed by BlackRock, while BDMAX is a Equity Market Neutral fund actively managed by BlackRock. Over the past 10 years, BMCIX returned 9.67%/yr vs 8.21%/yr for BDMAX. Their 0.08 correlation means their historical movements had little consistent relationship. BMCIX charges 0.85%/yr vs 1.60%/yr for BDMAX.
Performance
BMCIX vs. BDMAX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BMCIX having a 12.22% return and BDMAX slightly lower at 11.82%. Over the past 10 years, BMCIX has outperformed BDMAX with an annualized return of 9.67%, while BDMAX has yielded a comparatively lower 8.21% annualized return.
BMCIX
- 1D
- 0.75%
- 1M
- 0.81%
- 6M
- 8.50%
- YTD
- 12.22%
- 1Y
- 23.44%
- 3Y*
- 13.06%
- 5Y*
- 9.69%
- 10Y*
- 9.67%
- ALL TIME*
- 12.21%
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 | |
| $0.00 | $0.00 | $0.00 |
BMCIX vs. BDMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BMCIX BlackRock High Equity Income Fund | 12.22% | 17.11% | 7.80% | 10.05% | -2.62% | 22.41% | -1.56% | 22.00% | -6.25% | 16.31% |
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 BMCIX and BDMAX is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.06 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.08 |
The correlation between BMCIX and BDMAX shifts across timeframes, from 0.04 (10 years) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BMCIX vs. BDMAX — Risk / Return Rank
BMCIX
BDMAX
BMCIX vs. BDMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock High Equity Income Fund (BMCIX) 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.
| BMCIX | BDMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.60 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 7.28 | -5.00 |
| Martin ratioReturn relative to average drawdown | 9.89 | 19.24 | -9.35 |
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Drawdowns
BMCIX vs. BDMAX - Drawdown Comparison
The maximum BMCIX drawdown since its inception was -72.64%, which is greater than BDMAX's maximum drawdown of -12.37%. Use the drawdown chart below to compare losses from any high point for BMCIX and BDMAX.
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Drawdown Indicators
| BMCIX | BDMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.64% | -12.37% | -60.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -3.25% | -6.26% |
Max Drawdown (3Y)Largest decline over 3 years | -13.69% | -4.15% | -9.54% |
Max Drawdown (5Y)Largest decline over 5 years | -18.63% | -5.56% | -13.07% |
Max Drawdown (10Y)Largest decline over 10 years | -38.24% | -9.71% | -28.53% |
Current DrawdownCurrent decline from peak | -0.25% | -1.15% | +0.90% |
Average DrawdownAverage peak-to-trough decline | -18.73% | -2.80% | -15.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 1.23% | +0.96% |
Volatility
BMCIX vs. BDMAX - Volatility Comparison
BlackRock High Equity Income Fund (BMCIX) and BlackRock Global Equity Market Neutral Fund (BDMAX) have volatilities of 2.64% and 2.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMCIX | BDMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 2.58% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 8.92% | 5.36% | +3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.18% | 7.39% | +3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.40% | 6.67% | +6.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 5.90% | +9.75% |
BMCIX vs. BDMAX - Expense Ratio Comparison
BMCIX has a 0.85% expense ratio, which is lower than BDMAX's 1.60% expense ratio.
Dividends
BMCIX vs. BDMAX - Dividend Comparison
BMCIX's dividend yield for the trailing twelve months is around 6.95%, 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% |
BMCIX BlackRock High Equity Income Fund | 6.95% | 7.86% | 7.66% | 6.75% | 6.60% | 6.58% | 4.50% | 3.95% | 9.41% | 50.24% | 5.51% | 8.16% |
Frequently Asked Questions
BMCIX and BDMAX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMCIX has higher volatility (2.64%) compared to BDMAX (2.58%). In terms of maximum drawdown, BMCIX dropped -72.64% vs BDMAX's -12.37%.
BDMAX currently has the higher Sharpe Ratio (3.20 vs 1.95), 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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