BTPIX vs. BDMIX
Compare and contrast key facts about Salient Tactical Plus Fund (BTPIX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX).
BTPIX is managed by Salient Funds. It was launched on Dec 30, 2012. BDMIX is managed by BlackRock. It was launched on Dec 20, 2012.
Performance
BTPIX vs. BDMIX - Performance Comparison
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BTPIX vs. BDMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTPIX Salient Tactical Plus Fund | -0.83% | -2.44% | 3.17% | 4.22% | -1.65% | 6.48% | 7.46% | 7.54% | 2.94% | 0.26% |
BDMIX BlackRock Global Long/Short Equity Fund Class I | 4.32% | 18.30% | 21.39% | 14.55% | 1.80% | 3.34% | 0.29% | -0.85% | 2.20% | 12.85% |
Returns By Period
In the year-to-date period, BTPIX achieves a -0.83% return, which is significantly lower than BDMIX's 4.32% return. Over the past 10 years, BTPIX has underperformed BDMIX with an annualized return of 3.36%, while BDMIX has yielded a comparatively higher 7.29% annualized return.
BTPIX
- 1D
- 0.94%
- 1M
- -4.03%
- YTD
- -0.83%
- 6M
- 0.08%
- 1Y
- -0.10%
- 3Y*
- 1.45%
- 5Y*
- 1.46%
- 10Y*
- 3.36%
BDMIX
- 1D
- 0.73%
- 1M
- 1.60%
- YTD
- 4.32%
- 6M
- 8.75%
- 1Y
- 17.17%
- 3Y*
- 18.86%
- 5Y*
- 11.38%
- 10Y*
- 7.29%
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BTPIX vs. BDMIX - Expense Ratio Comparison
BTPIX has a 1.08% expense ratio, which is lower than BDMIX's 1.57% expense ratio.
Return for Risk
BTPIX vs. BDMIX — Risk / Return Rank
BTPIX
BDMIX
BTPIX vs. BDMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Salient Tactical Plus Fund (BTPIX) 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.
| BTPIX | BDMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.01 | 2.55 | -2.56 |
Sortino ratioReturn per unit of downside risk | 0.04 | 3.73 | -3.69 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.48 | -0.47 |
Calmar ratioReturn relative to maximum drawdown | 0.03 | 5.14 | -5.11 |
Martin ratioReturn relative to average drawdown | 0.07 | 14.25 | -14.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTPIX | BDMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 2.55 | -2.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 1.76 | -1.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 1.27 | -0.88 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 1.15 | -0.71 |
Correlation
The correlation between BTPIX and BDMIX is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BTPIX vs. BDMIX - Dividend Comparison
BTPIX's dividend yield for the trailing twelve months is around 2.83%, less than BDMIX's 8.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTPIX Salient Tactical Plus Fund | 2.83% | 2.81% | 3.80% | 4.93% | 7.72% | 0.00% | 6.10% | 6.16% | 3.08% | 0.00% | 4.14% | 0.00% |
BDMIX BlackRock Global Long/Short Equity Fund Class I | 8.56% | 8.94% | 13.26% | 7.42% | 0.00% | 1.23% | 0.30% | 6.78% | 0.94% | 0.00% | 0.00% | 1.86% |
Drawdowns
BTPIX vs. BDMIX - Drawdown Comparison
The maximum BTPIX drawdown since its inception was -13.30%, which is greater than BDMIX's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for BTPIX and BDMIX.
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Drawdown Indicators
| BTPIX | BDMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.30% | -11.89% | -1.41% |
Max Drawdown (1Y)Largest decline over 1 year | -6.84% | -3.60% | -3.24% |
Max Drawdown (5Y)Largest decline over 5 years | -8.90% | -7.45% | -1.45% |
Max Drawdown (10Y)Largest decline over 10 years | -11.04% | -9.44% | -1.60% |
Current DrawdownCurrent decline from peak | -5.88% | -0.13% | -5.75% |
Average DrawdownAverage peak-to-trough decline | -3.90% | -2.71% | -1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 1.30% | +1.33% |
Volatility
BTPIX vs. BDMIX - Volatility Comparison
Salient Tactical Plus Fund (BTPIX) has a higher volatility of 2.59% compared to BlackRock Global Long/Short Equity Fund Class I (BDMIX) at 1.72%. This indicates that BTPIX'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.
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Volatility by Period
| BTPIX | BDMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 1.72% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 4.78% | +3.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.83% | 6.93% | +1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.11% | 6.51% | -0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.62% | 5.77% | +2.85% |