EDEN vs. BDMIX
EDEN (iShares MSCI Denmark ETF) and BDMIX (BlackRock Global Long/Short Equity Fund Class I) are both funds - EDEN is a Europe Equities fund tracking the MSCI Denmark IMI 25/50 Index, while BDMIX is a Long-Short fund managed by BlackRock. Over the past 10 years, EDEN returned 9.22%/yr vs 8.42%/yr for BDMIX. At a 0.08 correlation, their price movements are largely independent. EDEN charges 0.53%/yr vs 1.57%/yr for BDMIX.
Performance
EDEN vs. BDMIX - Performance Comparison
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Returns By Period
In the year-to-date period, EDEN achieves a -3.05% return, which is significantly lower than BDMIX's 11.73% return. Over the past 10 years, EDEN has outperformed BDMIX with an annualized return of 9.22%, while BDMIX has yielded a comparatively lower 8.42% annualized return.
EDEN
- 1D
- -0.01%
- 1M
- -1.61%
- YTD
- -3.05%
- 6M
- -2.55%
- 1Y
- -6.97%
- 3Y*
- 2.87%
- 5Y*
- 2.08%
- 10Y*
- 9.22%
BDMIX
- 1D
- 1.05%
- 1M
- 2.20%
- YTD
- 11.73%
- 6M
- 13.28%
- 1Y
- 21.47%
- 3Y*
- 21.45%
- 5Y*
- 12.75%
- 10Y*
- 8.42%
EDEN vs. BDMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDEN iShares MSCI Denmark ETF | -3.05% | 10.58% | -3.94% | 17.99% | -11.47% | 14.81% | 42.56% | 24.37% | -14.43% | 35.39% |
BDMIX BlackRock Global Long/Short Equity Fund Class I | 11.73% | 18.30% | 21.39% | 14.55% | 1.80% | 3.34% | 0.29% | -0.85% | 2.20% | 12.85% |
Correlation
The correlation between EDEN and BDMIX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.08 |
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Return for Risk
EDEN vs. BDMIX — Risk / Return Rank
EDEN
BDMIX
EDEN vs. BDMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Denmark ETF (EDEN) 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.
| EDEN | BDMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.41 | ||
| Sortino ratioReturn per unit of downside risk | -4.84 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.58 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 6.70 | -7.03 |
| Martin ratioReturn relative to average drawdown | -0.72 | 18.34 | -19.06 |
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Drawdowns
EDEN vs. BDMIX - Drawdown Comparison
The maximum EDEN drawdown since its inception was -36.61%, which is greater than BDMIX's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for EDEN and BDMIX.
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Drawdown Indicators
| EDEN | BDMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.61% | -11.89% | -24.72% |
Max Drawdown (1Y)Largest decline over 1 year | -21.17% | -3.24% | -17.93% |
Max Drawdown (3Y)Largest decline over 3 years | -29.31% | -4.07% | -25.24% |
Max Drawdown (5Y)Largest decline over 5 years | -36.61% | -5.99% | -30.62% |
Max Drawdown (10Y)Largest decline over 10 years | -36.61% | -9.44% | -27.17% |
Current DrawdownCurrent decline from peak | -13.55% | -1.33% | -12.22% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -2.68% | -4.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.27% | 1.18% | +9.09% |
Volatility
EDEN vs. BDMIX - Volatility Comparison
iShares MSCI Denmark ETF (EDEN) has a higher volatility of 4.93% compared to BlackRock Global Long/Short Equity Fund Class I (BDMIX) at 2.69%. This indicates that EDEN'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
| EDEN | BDMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 2.69% | +2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 15.72% | 4.75% | +10.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.90% | 7.07% | +13.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.25% | 6.58% | +13.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.41% | 5.84% | +13.57% |
EDEN vs. BDMIX - Expense Ratio Comparison
EDEN has a 0.53% expense ratio, which is lower than BDMIX's 1.57% expense ratio.
Dividends
EDEN vs. BDMIX - Dividend Comparison
EDEN's dividend yield for the trailing twelve months is around 2.87%, less than BDMIX's 8.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDMIX BlackRock Global Long/Short Equity Fund Class I | 8.00% | 8.94% | 13.26% | 7.42% | 0.00% | 1.23% | 0.30% | 6.78% | 0.94% | 0.00% | 0.00% | 1.86% |
EDEN iShares MSCI Denmark ETF | 2.87% | 2.79% | 1.50% | 1.92% | 1.47% | 0.74% | 0.42% | 2.36% | 2.01% | 2.03% | 1.28% | 1.46% |
Frequently Asked Questions
EDEN and BDMIX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDEN has higher volatility (4.93%) compared to BDMIX (2.69%). In terms of maximum drawdown, EDEN dropped -36.61% vs BDMIX's -11.89%.
BDMIX currently has the higher Sharpe Ratio (3.07 vs -0.34), 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.
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