MUJ vs. BDMIX
MUJ (BlackRock MuniHoldings New Jersey Quality Fund) and BDMIX (BlackRock Global Equity Market Neutral Fund Class I) are both mutual funds - MUJ is a Municipal Bonds fund actively managed by BlackRock, while BDMIX is a Equity Market Neutral fund managed by BlackRock. Over the past 10 years, MUJ returned 2.36%/yr vs 8.48%/yr for BDMIX. At a correlation of -0.01, they often move in opposite directions. MUJ charges 2.26%/yr vs 1.34%/yr for BDMIX.
Performance
MUJ vs. BDMIX - Performance Comparison
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Returns By Period
In the year-to-date period, MUJ achieves a 6.57% return, which is significantly lower than BDMIX's 11.25% return. Over the past 10 years, MUJ has underperformed BDMIX with an annualized return of 2.36%, while BDMIX has yielded a comparatively higher 8.48% annualized return.
MUJ
- 1D
- -0.16%
- 1M
- 0.36%
- 6M
- 4.98%
- YTD
- 6.57%
- 1Y
- 19.56%
- 3Y*
- 9.10%
- 5Y*
- 0.11%
- 10Y*
- 2.36%
BDMIX
- 1D
- 0.00%
- 1M
- -0.98%
- 6M
- 9.37%
- YTD
- 11.25%
- 1Y
- 22.87%
- 3Y*
- 20.61%
- 5Y*
- 12.91%
- 10Y*
- 8.48%
MUJ vs. BDMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MUJ BlackRock MuniHoldings New Jersey Quality Fund | 6.57% | 13.86% | 2.28% | 7.55% | -26.31% | 15.20% | 5.95% | 18.95% | -8.49% | 9.99% |
BDMIX BlackRock Global Equity Market Neutral Fund Class I | 11.25% | 18.30% | 21.39% | 14.55% | 1.80% | 3.34% | 0.29% | -0.85% | 2.20% | 12.85% |
Correlation
The correlation between MUJ and BDMIX is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | -0.01 |
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Return for Risk
MUJ vs. BDMIX — Risk / Return Rank
MUJ
BDMIX
MUJ vs. BDMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock MuniHoldings New Jersey Quality Fund (MUJ) and BlackRock Global Equity Market Neutral 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.
| MUJ | BDMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.59 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 7.08 | -4.99 |
| Martin ratioReturn relative to average drawdown | 8.53 | 19.27 | -10.74 |
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Drawdowns
MUJ vs. BDMIX - Drawdown Comparison
The maximum MUJ drawdown since its inception was -41.72%, which is greater than BDMIX's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for MUJ and BDMIX.
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Drawdown Indicators
| MUJ | BDMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.72% | -11.89% | -29.83% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -3.24% | -6.17% |
Max Drawdown (3Y)Largest decline over 3 years | -11.84% | -4.07% | -7.77% |
Max Drawdown (5Y)Largest decline over 5 years | -32.71% | -5.31% | -27.40% |
Max Drawdown (10Y)Largest decline over 10 years | -32.71% | -9.44% | -23.27% |
Current DrawdownCurrent decline from peak | -1.68% | -1.76% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -9.01% | -2.67% | -6.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 1.19% | +1.11% |
Volatility
MUJ vs. BDMIX - Volatility Comparison
The current volatility for BlackRock MuniHoldings New Jersey Quality Fund (MUJ) is 1.73%, while BlackRock Global Equity Market Neutral Fund Class I (BDMIX) has a volatility of 2.58%. This indicates that MUJ experiences smaller price fluctuations and is considered to be less risky 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
| MUJ | BDMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.73% | 2.58% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 6.85% | 5.07% | +1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.80% | 7.26% | +1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.35% | 6.62% | +3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.16% | 5.87% | +5.29% |
MUJ vs. BDMIX - Expense Ratio Comparison
MUJ has a 2.26% expense ratio, which is higher than BDMIX's 1.34% expense ratio.
Dividends
MUJ vs. BDMIX - Dividend Comparison
MUJ's dividend yield for the trailing twelve months is around 5.25%, less than BDMIX's 8.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDMIX BlackRock Global Equity Market Neutral Fund Class I | 8.03% | 8.94% | 13.26% | 7.42% | 0.00% | 1.23% | 0.30% | 6.78% | 0.94% | 0.00% | 0.00% | 1.86% |
MUJ BlackRock MuniHoldings New Jersey Quality Fund | 5.25% | 5.45% | 5.53% | 4.13% | 6.40% | 4.77% | 4.78% | 4.03% | 5.34% | 5.55% | 6.00% | 5.69% |
Frequently Asked Questions
MUJ and BDMIX have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDMIX has higher volatility (2.58%) compared to MUJ (1.73%). In terms of maximum drawdown, MUJ dropped -41.72% vs BDMIX's -11.89%.
BDMIX currently has the higher Sharpe Ratio (3.17 vs 2.24), 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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