CMNIX vs. BDMIX
Compare and contrast key facts about Calamos Market Neutral Income Fund Institutional Class (CMNIX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX).
CMNIX is managed by Calamos. It was launched on May 10, 2000. BDMIX is managed by BlackRock. It was launched on Dec 20, 2012.
Performance
CMNIX vs. BDMIX - Performance Comparison
Loading graphics...
CMNIX vs. BDMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMNIX Calamos Market Neutral Income Fund Institutional Class | 0.37% | 6.89% | 7.43% | 9.17% | -4.26% | 5.02% | 5.36% | 6.72% | 1.79% | 4.21% |
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, CMNIX achieves a 0.37% return, which is significantly lower than BDMIX's 4.32% return. Over the past 10 years, CMNIX has underperformed BDMIX with an annualized return of 4.67%, while BDMIX has yielded a comparatively higher 7.29% annualized return.
CMNIX
- 1D
- 0.45%
- 1M
- -0.51%
- YTD
- 0.37%
- 6M
- 1.79%
- 1Y
- 6.09%
- 3Y*
- 6.86%
- 5Y*
- 4.49%
- 10Y*
- 4.67%
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%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CMNIX vs. BDMIX - Expense Ratio Comparison
CMNIX has a 0.90% expense ratio, which is lower than BDMIX's 1.57% expense ratio.
Return for Risk
CMNIX vs. BDMIX — Risk / Return Rank
CMNIX
BDMIX
CMNIX vs. BDMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Market Neutral Income Fund Institutional Class (CMNIX) 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.
| CMNIX | BDMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.75 | 2.55 | -0.81 |
Sortino ratioReturn per unit of downside risk | 2.61 | 3.73 | -1.12 |
Omega ratioGain probability vs. loss probability | 1.55 | 1.48 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.27 | 5.14 | -2.86 |
Martin ratioReturn relative to average drawdown | 15.50 | 14.25 | +1.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| CMNIX | BDMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 2.55 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.30 | 1.76 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.29 | 1.27 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 1.15 | -0.79 |
Correlation
The correlation between CMNIX and BDMIX is 0.10, 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
CMNIX vs. BDMIX - Dividend Comparison
CMNIX's dividend yield for the trailing twelve months is around 1.75%, less than BDMIX's 8.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMNIX Calamos Market Neutral Income Fund Institutional Class | 1.75% | 1.63% | 2.00% | 5.90% | 1.02% | 0.46% | 0.90% | 1.57% | 5.02% | 2.60% | 2.97% | 2.42% |
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
CMNIX vs. BDMIX - Drawdown Comparison
The maximum CMNIX drawdown since its inception was -35.16%, which is greater than BDMIX's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for CMNIX and BDMIX.
Loading graphics...
Drawdown Indicators
| CMNIX | BDMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.16% | -11.89% | -23.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -3.60% | +0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -7.52% | -7.45% | -0.07% |
Max Drawdown (10Y)Largest decline over 10 years | -8.12% | -9.44% | +1.32% |
Current DrawdownCurrent decline from peak | -0.58% | -0.13% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -7.20% | -2.71% | -4.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 1.30% | -0.90% |
Volatility
CMNIX vs. BDMIX - Volatility Comparison
The current volatility for Calamos Market Neutral Income Fund Institutional Class (CMNIX) is 0.92%, while BlackRock Global Long/Short Equity Fund Class I (BDMIX) has a volatility of 1.72%. This indicates that CMNIX experiences smaller price fluctuations and is considered to be less risky than BDMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| CMNIX | BDMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 1.72% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 1.39% | 4.78% | -3.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 6.93% | -3.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.47% | 6.51% | -3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.63% | 5.77% | -2.14% |