LONGX vs. BDMIX
Compare and contrast key facts about Longboard Alternative Growth Fund (LONGX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX).
LONGX is managed by Longboard. It was launched on Mar 15, 2015. BDMIX is managed by BlackRock. It was launched on Dec 20, 2012.
Performance
LONGX vs. BDMIX - Performance Comparison
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LONGX vs. BDMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LONGX Longboard Alternative Growth Fund | 2.14% | 1.49% | 14.95% | 5.64% | -13.21% | 13.89% | 27.70% | 13.82% | 270.32% | 19.08% |
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, LONGX achieves a 2.14% return, which is significantly lower than BDMIX's 4.32% return. Over the past 10 years, LONGX has outperformed BDMIX with an annualized return of 23.85%, while BDMIX has yielded a comparatively lower 7.29% annualized return.
LONGX
- 1D
- 1.80%
- 1M
- -4.43%
- YTD
- 2.14%
- 6M
- 1.80%
- 1Y
- 5.52%
- 3Y*
- 8.70%
- 5Y*
- 3.36%
- 10Y*
- 23.85%
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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LONGX vs. BDMIX - Expense Ratio Comparison
LONGX has a 1.99% expense ratio, which is higher than BDMIX's 1.57% expense ratio.
Return for Risk
LONGX vs. BDMIX — Risk / Return Rank
LONGX
BDMIX
LONGX vs. BDMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Longboard Alternative Growth Fund (LONGX) 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.
| LONGX | BDMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.52 | 2.55 | -2.04 |
Sortino ratioReturn per unit of downside risk | 0.78 | 3.73 | -2.95 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.48 | -0.37 |
Calmar ratioReturn relative to maximum drawdown | 0.87 | 5.14 | -4.27 |
Martin ratioReturn relative to average drawdown | 2.71 | 14.25 | -11.55 |
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
| LONGX | BDMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 2.55 | -2.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 1.76 | -1.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 1.27 | -1.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 1.15 | -0.99 |
Correlation
The correlation between LONGX and BDMIX is 0.16, 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
LONGX vs. BDMIX - Dividend Comparison
LONGX has not paid dividends to shareholders, while BDMIX's dividend yield for the trailing twelve months is around 8.56%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LONGX Longboard Alternative Growth Fund | 0.00% | 0.00% | 0.00% | 5.40% | 7.64% | 1.73% | 0.00% | 0.00% | 3.10% | 268.50% | 23.29% | 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
LONGX vs. BDMIX - Drawdown Comparison
The maximum LONGX drawdown since its inception was -77.16%, which is greater than BDMIX's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for LONGX and BDMIX.
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Drawdown Indicators
| LONGX | BDMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.16% | -11.89% | -65.27% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -3.60% | -3.53% |
Max Drawdown (5Y)Largest decline over 5 years | -19.28% | -7.45% | -11.83% |
Max Drawdown (10Y)Largest decline over 10 years | -77.16% | -9.44% | -67.72% |
Current DrawdownCurrent decline from peak | -4.85% | -0.13% | -4.72% |
Average DrawdownAverage peak-to-trough decline | -7.47% | -2.71% | -4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 1.30% | +0.98% |
Volatility
LONGX vs. BDMIX - Volatility Comparison
Longboard Alternative Growth Fund (LONGX) has a higher volatility of 4.55% compared to BlackRock Global Long/Short Equity Fund Class I (BDMIX) at 1.72%. This indicates that LONGX'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
| LONGX | BDMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 1.72% | +2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 8.33% | 4.78% | +3.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.33% | 6.93% | +4.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.86% | 6.51% | +5.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 137.75% | 5.77% | +131.98% |