BMEAX vs. BDMAX
BMEAX (BlackRock High Equity Income Fund Class A) and BDMAX (BlackRock Global Equity Market Neutral Fund Investor A) are both mutual funds - BMEAX is a Derivative Income fund actively managed by BlackRock, while BDMAX is a Equity Market Neutral fund actively managed by BlackRock. Both are actively managed. Over the past 10 years, BMEAX returned 9.09%/yr vs 8.21%/yr for BDMAX. Their 0.08 correlation means their historical movements had little consistent relationship. BMEAX charges 1.10%/yr vs 1.59%/yr for BDMAX.
Performance
BMEAX vs. BDMAX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with BMEAX having a 12.09% return and BDMAX slightly lower at 11.82%. Over the past 10 years, BMEAX has outperformed BDMAX with an annualized return of 9.09%, while BDMAX has yielded a comparatively lower 8.21% annualized return.
BMEAX
- 1D
- 0.74%
- 1M
- 0.82%
- 6M
- 8.39%
- YTD
- 12.09%
- 1Y
- 23.17%
- 3Y*
- 11.88%
- 5Y*
- 8.74%
- 10Y*
- 9.09%
- ALL TIME*
- 11.69%
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 |
BMEAX vs. BDMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BMEAX BlackRock High Equity Income Fund Class A | 12.09% | 16.81% | 6.18% | 8.54% | -3.59% | 22.11% | -1.75% | 21.68% | -6.50% | 15.85% |
BDMAX BlackRock Global Equity Market Neutral Fund Investor A | 11.82% | 18.08% | 21.12% | 14.27% | 1.57% | 3.11% | -0.05% | -1.02% | 1.86% | 12.57% |
Correlation
The correlation between BMEAX 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 BMEAX and BDMAX shifts across timeframes, from 0.04 (10 years) to 0.25 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BMEAX vs. BDMAX — Risk / Return Rank
BMEAX
BDMAX
BMEAX vs. BDMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock High Equity Income Fund Class A (BMEAX) and BlackRock Global Equity Market Neutral Fund Investor A (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.
| BMEAX | BDMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.60 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 7.28 | -5.04 |
| Martin ratioReturn relative to average drawdown | 9.69 | 19.24 | -9.55 |
Loading charts...
Drawdowns
BMEAX vs. BDMAX - Drawdown Comparison
The maximum BMEAX drawdown since its inception was -73.05%, which is greater than BDMAX's maximum drawdown of -12.37%. Use the drawdown chart below to compare losses from any high point for BMEAX and BDMAX.
Loading charts...
Drawdown Indicators
| BMEAX | BDMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.05% | -12.37% | -60.68% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -3.25% | -6.31% |
Max Drawdown (3Y)Largest decline over 3 years | -13.79% | -4.15% | -9.64% |
Max Drawdown (5Y)Largest decline over 5 years | -19.32% | -5.56% | -13.76% |
Max Drawdown (10Y)Largest decline over 10 years | -38.27% | -9.71% | -28.56% |
Current DrawdownCurrent decline from peak | -0.26% | -1.15% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -19.56% | -2.80% | -16.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 1.23% | +0.98% |
Volatility
BMEAX vs. BDMAX - Volatility Comparison
BlackRock High Equity Income Fund Class A (BMEAX) and BlackRock Global Equity Market Neutral Fund Investor A (BDMAX) have volatilities of 2.63% 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.
Loading charts...
Volatility by Period
| BMEAX | BDMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 2.58% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 8.94% | 5.36% | +3.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.19% | 7.39% | +3.80% |
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 | 15.64% | 5.90% | +9.74% |
BMEAX vs. BDMAX - Expense Ratio Comparison
BMEAX has a 1.10% expense ratio, which is lower than BDMAX's 1.59% expense ratio.
Dividends
BMEAX vs. BDMAX - Dividend Comparison
BMEAX's dividend yield for the trailing twelve months is around 6.73%, 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 Investor A | 11.66% | 8.94% | 13.39% | 7.14% | 0.00% | 1.25% | 0.04% | 6.60% | 0.85% | 0.00% | 0.00% | 1.56% |
BMEAX BlackRock High Equity Income Fund Class A | 6.73% | 7.62% | 6.10% | 5.45% | 5.70% | 6.46% | 4.52% | 4.46% | 10.86% | 58.18% | 6.05% | 8.93% |
Frequently Asked Questions
BMEAX 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.
BMEAX has higher volatility (2.63%) compared to BDMAX (2.58%). In terms of maximum drawdown, BMEAX dropped -73.05% vs BDMAX's -12.37%.
BDMAX currently has the higher Sharpe Ratio (3.20 vs 1.92), 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.
Find the right allocation for BMEAX and BDMAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer