GFSIX vs. BDMAX
GFSIX (Gabelli Global Financial Services Fund) and BDMAX (BlackRock Global Equity Market Neutral Fund) are both mutual funds - GFSIX is a Financials Equities fund managed by BlackRock, while BDMAX is a Equity Market Neutral fund actively managed by BlackRock. Over the past 5 years, GFSIX returned 18.62%/yr vs 12.85%/yr for BDMAX. Their 0.03 correlation means their historical movements had little consistent relationship. GFSIX charges 1.00%/yr vs 1.60%/yr for BDMAX.
Performance
GFSIX vs. BDMAX - Performance Comparison
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Returns By Period
In the year-to-date period, GFSIX achieves a 13.06% return, which is significantly higher than BDMAX's 11.82% return.
GFSIX
- 1D
- 0.89%
- 1M
- 4.73%
- 6M
- 10.35%
- YTD
- 13.06%
- 1Y
- 31.72%
- 3Y*
- 28.03%
- 5Y*
- 18.62%
- 10Y*
- —
- ALL TIME*
- 15.50%
BDMAX
- 1D
- 1.16%
- 1M
- 1.62%
- 6M
- 10.73%
- YTD
- 11.82%
- 1Y
- 23.19%
- 3Y*
- 20.21%
- 5Y*
- 12.85%
- 10Y*
- 8.21%
- ALL TIME*
- 6.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GFSIX vs. BDMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GFSIX Gabelli Global Financial Services Fund | 13.06% | 36.58% | 28.17% | 25.77% | -11.12% | 29.11% | -1.28% | 9.12% | 0.39% |
BDMAX BlackRock Global Equity Market Neutral Fund | 11.82% | 18.08% | 21.12% | 14.27% | 1.57% | 3.11% | -0.05% | -1.02% | 0.61% |
Correlation
The correlation between GFSIX and BDMAX is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2018 | 0.03 |
Over the past year, GFSIX and BDMAX have become more correlated (0.23) than their long-term average of 0.03, meaning their price movements have been converging.
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Return for Risk
GFSIX vs. BDMAX — Risk / Return Rank
GFSIX
BDMAX
GFSIX vs. BDMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Global Financial Services Fund (GFSIX) and BlackRock Global Equity Market Neutral Fund (BDMAX). 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.
| GFSIX | BDMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.60 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 7.28 | -4.14 |
| Martin ratioReturn relative to average drawdown | 10.26 | 19.24 | -8.98 |
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Drawdowns
GFSIX vs. BDMAX - Drawdown Comparison
The maximum GFSIX drawdown since its inception was -46.39%, which is greater than BDMAX's maximum drawdown of -12.37%. Use the drawdown chart below to compare losses from any high point for GFSIX and BDMAX.
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Drawdown Indicators
| GFSIX | BDMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.39% | -12.37% | -34.02% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -3.25% | -6.17% |
Max Drawdown (3Y)Largest decline over 3 years | -14.49% | -4.15% | -10.34% |
Max Drawdown (5Y)Largest decline over 5 years | -28.07% | -5.56% | -22.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.71% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.15% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -7.46% | -2.80% | -4.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 1.23% | +1.65% |
Volatility
GFSIX vs. BDMAX - Volatility Comparison
Gabelli Global Financial Services Fund (GFSIX) has a higher volatility of 3.28% compared to BlackRock Global Equity Market Neutral Fund (BDMAX) at 2.58%. This indicates that GFSIX's price experiences larger fluctuations and is considered to be riskier than BDMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GFSIX | BDMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 2.58% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 9.57% | 5.36% | +4.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.56% | 7.39% | +5.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.22% | 6.67% | +10.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.61% | 5.90% | +15.71% |
GFSIX vs. BDMAX - Expense Ratio Comparison
GFSIX has a 1.00% expense ratio, which is lower than BDMAX's 1.60% expense ratio.
Dividends
GFSIX vs. BDMAX - Dividend Comparison
GFSIX's dividend yield for the trailing twelve months is around 1.64%, less than BDMAX's 11.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDMAX BlackRock Global Equity Market Neutral Fund | 11.66% | 8.94% | 13.39% | 7.14% | 0.00% | 1.25% | 0.04% | 6.60% | 0.85% | 0.00% | 0.00% | 1.56% |
GFSIX Gabelli Global Financial Services Fund | 1.64% | 1.85% | 2.44% | 2.68% | 2.96% | 2.11% | 1.58% | 2.69% | 0.39% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GFSIX and BDMAX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GFSIX has higher volatility (3.28%) compared to BDMAX (2.58%). In terms of maximum drawdown, GFSIX dropped -46.39% vs BDMAX's -12.37%.
BDMAX currently has the higher Sharpe Ratio (3.20 vs 2.36), 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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