FABZX vs. BIMBX
Compare and contrast key facts about Franklin K2 Alternative Strategies Fund (FABZX) and BlackRock Systematic Multi-Strategy Class I (BIMBX).
FABZX is managed by Franklin Templeton. It was launched on Oct 10, 2013. BIMBX is managed by BlackRock. It was launched on May 19, 2015.
Performance
FABZX vs. BIMBX - Performance Comparison
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FABZX vs. BIMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FABZX Franklin K2 Alternative Strategies Fund | 1.44% | 8.48% | 11.60% | 2.86% | -7.86% | 2.85% | 7.36% | 7.42% | -2.18% | 6.85% |
BIMBX BlackRock Systematic Multi-Strategy Class I | 0.96% | 5.00% | 6.83% | 6.43% | -2.95% | 6.18% | 3.57% | 8.43% | 1.83% | 9.89% |
Returns By Period
In the year-to-date period, FABZX achieves a 1.44% return, which is significantly higher than BIMBX's 0.96% return. Over the past 10 years, FABZX has underperformed BIMBX with an annualized return of 4.11%, while BIMBX has yielded a comparatively higher 4.70% annualized return.
FABZX
- 1D
- -0.18%
- 1M
- -1.23%
- YTD
- 1.44%
- 6M
- 3.09%
- 1Y
- 9.54%
- 3Y*
- 8.03%
- 5Y*
- 3.61%
- 10Y*
- 4.11%
BIMBX
- 1D
- 0.48%
- 1M
- -3.15%
- YTD
- 0.96%
- 6M
- 2.76%
- 1Y
- 3.06%
- 3Y*
- 6.50%
- 5Y*
- 4.19%
- 10Y*
- 4.70%
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FABZX vs. BIMBX - Expense Ratio Comparison
FABZX has a 1.95% expense ratio, which is higher than BIMBX's 0.98% expense ratio.
Return for Risk
FABZX vs. BIMBX — Risk / Return Rank
FABZX
BIMBX
FABZX vs. BIMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin K2 Alternative Strategies Fund (FABZX) and BlackRock Systematic Multi-Strategy Class I (BIMBX). 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.
| FABZX | BIMBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.42 | 0.84 | +1.58 |
Sortino ratioReturn per unit of downside risk | 3.42 | 1.22 | +2.20 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.15 | +0.33 |
Calmar ratioReturn relative to maximum drawdown | 3.33 | 0.99 | +2.35 |
Martin ratioReturn relative to average drawdown | 14.75 | 3.57 | +11.18 |
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
| FABZX | BIMBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 0.84 | +1.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 1.19 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.02 | 1.34 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 1.43 | -0.51 |
Correlation
The correlation between FABZX and BIMBX is 0.15, 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
FABZX vs. BIMBX - Dividend Comparison
FABZX's dividend yield for the trailing twelve months is around 6.92%, more than BIMBX's 2.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FABZX Franklin K2 Alternative Strategies Fund | 6.92% | 7.02% | 11.80% | 0.70% | 3.10% | 4.90% | 0.80% | 0.90% | 2.33% | 1.56% | 0.77% | 1.89% |
BIMBX BlackRock Systematic Multi-Strategy Class I | 2.25% | 2.27% | 4.07% | 4.48% | 4.99% | 2.62% | 1.31% | 3.90% | 8.93% | 4.08% | 5.00% | 0.00% |
Drawdowns
FABZX vs. BIMBX - Drawdown Comparison
The maximum FABZX drawdown since its inception was -11.03%, which is greater than BIMBX's maximum drawdown of -8.73%. Use the drawdown chart below to compare losses from any high point for FABZX and BIMBX.
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Drawdown Indicators
| FABZX | BIMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.03% | -8.73% | -2.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.45% | -3.61% | +1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -11.03% | -6.50% | -4.53% |
Max Drawdown (10Y)Largest decline over 10 years | -11.03% | -8.73% | -2.30% |
Current DrawdownCurrent decline from peak | -1.40% | -3.15% | +1.75% |
Average DrawdownAverage peak-to-trough decline | -2.42% | -1.14% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.99% | -0.38% |
Volatility
FABZX vs. BIMBX - Volatility Comparison
The current volatility for Franklin K2 Alternative Strategies Fund (FABZX) is 1.34%, while BlackRock Systematic Multi-Strategy Class I (BIMBX) has a volatility of 1.54%. This indicates that FABZX experiences smaller price fluctuations and is considered to be less risky than BIMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FABZX | BIMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 1.54% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 3.08% | 2.83% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.99% | 4.03% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.86% | 3.53% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.06% | 3.52% | +0.54% |