SAOAX vs. BDMIX
Compare and contrast key facts about Guggenheim Alpha Opportunity Fund (SAOAX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX).
SAOAX is managed by Guggenheim. It was launched on Jul 6, 2003. BDMIX is managed by BlackRock. It was launched on Dec 20, 2012.
Performance
SAOAX vs. BDMIX - Performance Comparison
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SAOAX vs. BDMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAOAX Guggenheim Alpha Opportunity Fund | 10.98% | -2.00% | 10.49% | 8.81% | -8.66% | 14.38% | 0.17% | -2.26% | -11.25% | 7.48% |
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, SAOAX achieves a 10.98% return, which is significantly higher than BDMIX's 4.32% return. Over the past 10 years, SAOAX has underperformed BDMIX with an annualized return of 2.97%, while BDMIX has yielded a comparatively higher 7.29% annualized return.
SAOAX
- 1D
- 0.77%
- 1M
- 0.29%
- YTD
- 10.98%
- 6M
- 12.29%
- 1Y
- 3.61%
- 3Y*
- 8.23%
- 5Y*
- 4.80%
- 10Y*
- 2.97%
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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SAOAX vs. BDMIX - Expense Ratio Comparison
SAOAX has a 1.76% expense ratio, which is higher than BDMIX's 1.57% expense ratio.
Return for Risk
SAOAX vs. BDMIX — Risk / Return Rank
SAOAX
BDMIX
SAOAX vs. BDMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Alpha Opportunity Fund (SAOAX) 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.
| SAOAX | BDMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.08 | 2.55 | -2.47 |
Sortino ratioReturn per unit of downside risk | 0.63 | 3.73 | -3.10 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.48 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 0.19 | 5.14 | -4.94 |
Martin ratioReturn relative to average drawdown | 0.96 | 14.25 | -13.29 |
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
| SAOAX | BDMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | 2.55 | -2.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 1.76 | -1.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 1.27 | -1.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 1.15 | -0.85 |
Correlation
The correlation between SAOAX and BDMIX is 0.12, 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
SAOAX vs. BDMIX - Dividend Comparison
SAOAX's dividend yield for the trailing twelve months is around 0.64%, less than BDMIX's 8.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAOAX Guggenheim Alpha Opportunity Fund | 0.64% | 0.71% | 1.06% | 0.62% | 0.72% | 0.82% | 1.22% | 0.92% | 1.17% | 7.07% | 0.03% | 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
SAOAX vs. BDMIX - Drawdown Comparison
The maximum SAOAX drawdown since its inception was -52.28%, which is greater than BDMIX's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for SAOAX and BDMIX.
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Drawdown Indicators
| SAOAX | BDMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.28% | -11.89% | -40.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.53% | -3.60% | -2.93% |
Max Drawdown (5Y)Largest decline over 5 years | -35.90% | -7.45% | -28.45% |
Max Drawdown (10Y)Largest decline over 10 years | -35.90% | -9.44% | -26.46% |
Current DrawdownCurrent decline from peak | 0.00% | -0.13% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -8.77% | -2.71% | -6.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.97% | 1.30% | +5.67% |
Volatility
SAOAX vs. BDMIX - Volatility Comparison
Guggenheim Alpha Opportunity Fund (SAOAX) has a higher volatility of 2.89% compared to BlackRock Global Long/Short Equity Fund Class I (BDMIX) at 1.72%. This indicates that SAOAX'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
| SAOAX | BDMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 1.72% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 6.07% | 4.78% | +1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.24% | 6.93% | +54.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.68% | 6.51% | +22.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.13% | 5.77% | +15.36% |