BROKX vs. BDMIX

Last updated Jun 23, 2026

BROKX (BlackRock Advantage International Fund Class K) and BDMIX (BlackRock Global Long/Short Equity Fund Class I) are both mutual funds - BROKX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index, while BDMIX is a Long-Short fund managed by BlackRock. Over the past 5 years, BROKX returned 11.11%/yr vs 13.31%/yr for BDMIX. At a 0.12 correlation, their price movements are largely independent. BROKX charges 0.45%/yr vs 1.57%/yr for BDMIX.

Performance

BROKX vs. BDMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Advantage International Fund Class K (BROKX) 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, BROKX achieves a 12.20% return, which is significantly lower than BDMIX's 12.96% return.

BROKX

• 1D: 0.86%
• 1M: 2.84%
• YTD: 12.20%
• 6M: 12.49%
• 1Y: 27.33%
• 3Y*: 18.33%
• 5Y*: 11.11%
• 10Y*: —

BDMIX

• 1D: -0.24%
• 1M: 3.39%
• YTD: 12.96%
• 6M: 12.42%
• 1Y: 23.99%
• 3Y*: 21.59%
• 5Y*: 13.31%
• 10Y*: 8.56%

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

BROKX vs. BDMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BROKX BlackRock Advantage International Fund Class K	12.20%	32.56%	6.80%	19.49%	-13.43%	13.12%	7.39%	13.36%	2.62%
BDMIX BlackRock Global Long/Short Equity Fund Class I	12.96%	18.30%	21.39%	14.55%	1.80%	3.34%	0.29%	-0.85%	1.86%

Correlation

The correlation between BROKX and BDMIX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since Jan 29, 2018	0.12

Over the past year, BROKX and BDMIX have become more correlated (0.37) than their long-term average of 0.12, meaning their price movements have been converging.

Return for Risk

BROKX vs. BDMIX — Risk / Return Rank

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

BROKX

BROKX Risk / Return Rank: 40
BROKX Sharpe Ratio Rank: 38
BROKX Sortino Ratio Rank: 37
BROKX Omega Ratio Rank: 37
BROKX Calmar Ratio Rank: 42
BROKX Martin Ratio Rank: 46

BDMIX

BDMIX Risk / Return Rank: 95
BDMIX Sharpe Ratio Rank: 97
BDMIX Sortino Ratio Rank: 95
BDMIX Omega Ratio Rank: 90
BDMIX Calmar Ratio Rank: 98
BDMIX Martin Ratio Rank: 95

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.

BROKX vs. BDMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Advantage International Fund Class K (BROKX) 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.

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.

	BROKX	BDMIX	Difference
Sharpe ratio: Return per unit of total volatility	1.67	3.30	-1.63
Sortino ratio: Return per unit of downside risk	2.36	4.83	-2.47
Omega ratio: Gain probability vs. loss probability	1.30	1.62	-0.32
Calmar ratio: Return relative to maximum drawdown	2.36	7.22	-4.86
Martin ratio: Return relative to average drawdown	9.04	20.52	-11.48

BROKX vs. BDMIX - Sharpe Ratio Comparison

The current BROKX Sharpe Ratio is 1.67, which is lower than the BDMIX Sharpe Ratio of 3.30. The chart below compares the historical Sharpe Ratios of BROKX 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.

Drawdowns

BROKX vs. BDMIX - Drawdown Comparison

The maximum BROKX drawdown since its inception was -35.06%, which is greater than BDMIX's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for BROKX and BDMIX.

Drawdown Indicators

	BROKX	BDMIX	Difference
Max Drawdown Largest peak-to-trough decline	-35.06%	-11.89%	-23.17%
Max Drawdown (1Y) Largest decline over 1 year	-11.11%	-3.24%	-7.87%
Max Drawdown (3Y) Largest decline over 3 years	-14.04%	-4.07%	-9.97%
Max Drawdown (5Y) Largest decline over 5 years	-28.22%	-5.99%	-22.23%
Max Drawdown (10Y) Largest decline over 10 years	—	-9.44%	—
Current Drawdown Current decline from peak	0.00%	-0.24%	+0.24%
Average Drawdown Average peak-to-trough decline	-4.77%	-2.67%	-2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	1.14%	+1.75%

Volatility

BROKX vs. BDMIX - Volatility Comparison

BlackRock Advantage International Fund Class K (BROKX) has a higher volatility of 5.23% compared to BlackRock Global Long/Short Equity Fund Class I (BDMIX) at 2.73%. This indicates that BROKX'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.

Volatility by Period

	BROKX	BDMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.23%	2.73%	+2.50%
Volatility (6M) Calculated over the trailing 6-month period	13.12%	4.80%	+8.32%
Volatility (1Y) Calculated over the trailing 1-year period	15.70%	7.10%	+8.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.23%	6.58%	+9.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.82%	5.85%	+10.97%

BROKX vs. BDMIX - Expense Ratio Comparison

BROKX has a 0.45% expense ratio, which is lower than BDMIX's 1.57% expense ratio.

Dividends

BROKX vs. BDMIX - Dividend Comparison

BROKX's dividend yield for the trailing twelve months is around 6.39%, less than BDMIX's 7.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BDMIX BlackRock Global Long/Short Equity Fund Class I	7.91%	8.94%	13.26%	7.42%	0.00%	1.23%	0.30%	6.78%	0.94%	0.00%	0.00%	1.86%
BROKX BlackRock Advantage International Fund Class K	6.39%	7.16%	3.59%	2.75%	3.42%	8.57%	1.76%	2.72%	2.56%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BROKX and BDMIX in my portfolio?

BROKX and BDMIX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BROKX or BDMIX?

BROKX has higher volatility (5.23%) compared to BDMIX (2.73%). In terms of maximum drawdown, BROKX dropped -35.06% vs BDMIX's -11.89%.

Which has better risk-adjusted returns?

BDMIX currently has the higher Sharpe Ratio (3.30 vs 1.67), 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.