MQY vs. BDMAX
MQY (BlackRock MuniYield Quality Fund) and BDMAX (BlackRock Global Equity Market Neutral Fund Investor A) are both mutual funds - MQY is a Municipal Bonds fund actively managed by BlackRock, while BDMAX is a Equity Market Neutral fund actively managed by BlackRock. Both are actively managed. Over the past 10 years, MQY returned 1.12%/yr vs 8.21%/yr for BDMAX. Their 0.04 correlation means their historical movements had little consistent relationship. MQY charges 2.07%/yr vs 1.59%/yr for BDMAX.
Performance
MQY vs. BDMAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MQY achieves a 2.68% return, which is significantly lower than BDMAX's 11.82% return. Over the past 10 years, MQY has underperformed BDMAX with an annualized return of 1.12%, while BDMAX has yielded a comparatively higher 8.21% annualized return.
MQY
- 1D
- -0.44%
- 1M
- -3.13%
- 6M
- -1.58%
- YTD
- 2.68%
- 1Y
- 7.49%
- 3Y*
- 4.07%
- 5Y*
- -2.40%
- 10Y*
- 1.12%
- ALL TIME*
- 5.00%
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 | |
| $4.22M | $4.34M | $4.35M |
MQY vs. BDMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MQY BlackRock MuniYield Quality Fund | 2.68% | 4.28% | -0.06% | 10.20% | -24.23% | 2.67% | 14.65% | 20.89% | -10.12% | 8.98% |
BDMAX BlackRock Global Equity Market Neutral Fund Investor A | 11.82% | 18.08% | 21.12% | 14.27% | 1.57% | 3.11% | -0.05% | -1.02% | 1.86% | 12.57% |
Correlation
The correlation between MQY and BDMAX is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.06 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.04 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MQY vs. BDMAX — Risk / Return Rank
MQY
BDMAX
MQY vs. BDMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock MuniYield Quality Fund (MQY) and BlackRock Global Equity Market Neutral Fund Investor A (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.
| MQY | BDMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.29 | ||
| Sortino ratioReturn per unit of downside risk | -3.10 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.60 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 7.28 | -6.22 |
| Martin ratioReturn relative to average drawdown | 3.34 | 19.24 | -15.90 |
Loading charts...
Drawdowns
MQY vs. BDMAX - Drawdown Comparison
The maximum MQY drawdown since its inception was -41.67%, which is greater than BDMAX's maximum drawdown of -12.37%. Use the drawdown chart below to compare losses from any high point for MQY and BDMAX.
Loading charts...
Drawdown Indicators
| MQY | BDMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.67% | -12.37% | -29.30% |
Max Drawdown (1Y)Largest decline over 1 year | -8.13% | -3.25% | -4.88% |
Max Drawdown (3Y)Largest decline over 3 years | -17.03% | -4.15% | -12.88% |
Max Drawdown (5Y)Largest decline over 5 years | -35.44% | -5.56% | -29.88% |
Max Drawdown (10Y)Largest decline over 10 years | -35.97% | -9.71% | -26.26% |
Current DrawdownCurrent decline from peak | -14.52% | -1.15% | -13.37% |
Average DrawdownAverage peak-to-trough decline | -8.31% | -2.80% | -5.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 1.23% | +1.34% |
Volatility
MQY vs. BDMAX - Volatility Comparison
The current volatility for BlackRock MuniYield Quality Fund (MQY) is 1.98%, while BlackRock Global Equity Market Neutral Fund Investor A (BDMAX) has a volatility of 2.58%. This indicates that MQY experiences smaller price fluctuations and is considered to be less risky than BDMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MQY | BDMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.98% | 2.58% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 7.31% | 5.36% | +1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.49% | 7.39% | +2.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.22% | 6.67% | +5.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.02% | 5.90% | +7.12% |
MQY vs. BDMAX - Expense Ratio Comparison
MQY has a 2.07% expense ratio, which is higher than BDMAX's 1.59% expense ratio.
Dividends
MQY vs. BDMAX - Dividend Comparison
MQY's dividend yield for the trailing twelve months is around 6.21%, 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 Investor A | 11.66% | 8.94% | 13.39% | 7.14% | 0.00% | 1.25% | 0.04% | 6.60% | 0.85% | 0.00% | 0.00% | 1.56% |
MQY BlackRock MuniYield Quality Fund | 6.21% | 6.16% | 6.04% | 4.46% | 5.87% | 4.93% | 4.21% | 4.00% | 5.24% | 5.67% | 6.10% | 6.06% |
Frequently Asked Questions
MQY and BDMAX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDMAX has higher volatility (2.58%) compared to MQY (1.98%). In terms of maximum drawdown, MQY dropped -41.67% vs BDMAX's -12.37%.
BDMAX currently has the higher Sharpe Ratio (3.20 vs 0.91), 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.
Find the right allocation for MQY and BDMAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer