BRIAX vs. BDMIX

Last updated Jun 5, 2026

BRIAX (BlackRock Retirement Income 2030 Fund) and BDMIX (BlackRock Global Long/Short Equity Fund Class I) are both mutual funds - BRIAX is a Target Retirement Date fund managed by BlackRock, while BDMIX is a Long-Short fund managed by BlackRock. Over the past 5 years, BRIAX returned 3.04%/yr vs 12.93%/yr for BDMIX. At a 0.08 correlation, their price movements are largely independent. BRIAX charges 0.50%/yr vs 1.57%/yr for BDMIX.

Performance

BRIAX vs. BDMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Retirement Income 2030 Fund (BRIAX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRIAX achieves a 3.35% return, which is significantly lower than BDMIX's 12.62% return.

BRIAX

• 1D: -0.37%
• 1M: 0.72%
• YTD: 3.35%
• 6M: 3.87%
• 1Y: 9.99%
• 3Y*: 9.13%
• 5Y*: 3.04%
• 10Y*: —

BDMIX

• 1D: 0.12%
• 1M: 4.79%
• YTD: 12.62%
• 6M: 15.26%
• 1Y: 21.86%
• 3Y*: 21.87%
• 5Y*: 12.93%
• 10Y*: 8.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BRIAX vs. BDMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BRIAX BlackRock Retirement Income 2030 Fund	3.35%	11.31%	6.84%	8.12%	-13.54%	5.52%	6.89%
BDMIX BlackRock Global Long/Short Equity Fund Class I	12.62%	18.30%	21.39%	14.55%	1.80%	3.34%	-2.48%

Correlation

The correlation between BRIAX and BDMIX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (All Time) Calculated using the full available price history since Aug 3, 2020	0.08

The correlation between BRIAX and BDMIX shifts across timeframes, from 0.08 (5 years) to 0.23 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BRIAX vs. BDMIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BRIAX

BRIAX Risk / Return Rank: 41
BRIAX Sharpe Ratio Rank: 41
BRIAX Sortino Ratio Rank: 47
BRIAX Omega Ratio Rank: 47
BRIAX Calmar Ratio Rank: 30
BRIAX Martin Ratio Rank: 41

BDMIX

BDMIX Risk / Return Rank: 92
BDMIX Sharpe Ratio Rank: 93
BDMIX Sortino Ratio Rank: 93
BDMIX Omega Ratio Rank: 87
BDMIX Calmar Ratio Rank: 96
BDMIX Martin Ratio Rank: 90

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.

BRIAX vs. BDMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Retirement Income 2030 Fund (BRIAX) 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.

	BRIAX	BDMIX	Difference
Sharpe ratio: Return per unit of total volatility	1.82	3.23	-1.41
Sortino ratio: Return per unit of downside risk	2.82	4.82	-2.00
Omega ratio: Gain probability vs. loss probability	1.36	1.62	-0.25
Calmar ratio: Return relative to maximum drawdown	1.99	6.23	-4.24
Martin ratio: Return relative to average drawdown	8.63	17.67	-9.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRIAX vs. BDMIX - Sharpe Ratio Comparison

The current BRIAX Sharpe Ratio is 1.82, which is lower than the BDMIX Sharpe Ratio of 3.23. The chart below compares the historical Sharpe Ratios of BRIAX and BDMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BRIAX	BDMIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.82	3.23	-1.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	1.99	-1.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	1.24	-0.51

Drawdowns

BRIAX vs. BDMIX - Drawdown Comparison

The maximum BRIAX drawdown since its inception was -18.28%, which is greater than BDMIX's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for BRIAX and BDMIX.

Drawdown Indicators

	BRIAX	BDMIX	Difference
Max Drawdown Largest peak-to-trough decline	-18.28%	-11.89%	-6.39%
Max Drawdown (1Y) Largest decline over 1 year	-5.14%	-3.54%	-1.60%
Max Drawdown (3Y) Largest decline over 3 years	-6.05%	-4.07%	-1.98%
Max Drawdown (5Y) Largest decline over 5 years	-18.28%	-6.15%	-12.13%
Max Drawdown (10Y) Largest decline over 10 years	—	-9.44%	—
Current Drawdown Current decline from peak	-0.37%	0.00%	-0.37%
Average Drawdown Average peak-to-trough decline	-4.96%	-2.68%	-2.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.18%	1.25%	-0.07%

Volatility

BRIAX vs. BDMIX - Volatility Comparison

BlackRock Retirement Income 2030 Fund (BRIAX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX) have volatilities of 1.74% and 1.83%, 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.

Volatility by Period

	BRIAX	BDMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.74%	1.83%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	4.56%	4.45%	+0.11%
Volatility (1Y) Calculated over the trailing 1-year period	5.63%	6.82%	-1.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.44%	6.52%	-0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.23%	5.81%	+0.42%

BRIAX vs. BDMIX - Expense Ratio Comparison

BRIAX has a 0.50% expense ratio, which is lower than BDMIX's 1.57% expense ratio.

Dividends

BRIAX vs. BDMIX - Dividend Comparison

BRIAX's dividend yield for the trailing twelve months is around 8.42%, more than BDMIX's 7.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BDMIX BlackRock Global Long/Short Equity Fund Class I	7.93%	8.94%	13.26%	7.42%	0.00%	1.23%	0.30%	6.78%	0.94%	0.00%	0.00%	1.86%
BRIAX BlackRock Retirement Income 2030 Fund	8.42%	8.38%	8.64%	5.18%	6.14%	5.94%	2.96%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BRIAX and BDMIX in my portfolio?

BRIAX and BDMIX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRIAX or BDMIX?

BDMIX has higher volatility (1.83%) compared to BRIAX (1.74%). In terms of maximum drawdown, BRIAX dropped -18.28% vs BDMIX's -11.89%.

Which has better risk-adjusted returns?

BDMIX currently has the higher Sharpe Ratio (3.23 vs 1.82), 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.