SFPAX vs. BDMIX
Compare and contrast key facts about Saratoga Financial Service Fund (SFPAX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX).
SFPAX is managed by BlackRock. It was launched on Aug 1, 2000. BDMIX is managed by BlackRock. It was launched on Dec 20, 2012.
Performance
SFPAX vs. BDMIX - Performance Comparison
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SFPAX vs. BDMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SFPAX Saratoga Financial Service Fund | 0.00% | 7.00% | 26.05% | 10.58% | -14.36% | 31.17% | -5.81% | 29.63% | -19.23% | 19.28% |
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
Over the past 10 years, SFPAX has outperformed BDMIX with an annualized return of 9.11%, while BDMIX has yielded a comparatively lower 7.29% annualized return.
SFPAX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- -0.90%
- 1Y
- 6.89%
- 3Y*
- 16.47%
- 5Y*
- 7.29%
- 10Y*
- 9.11%
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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SFPAX vs. BDMIX - Expense Ratio Comparison
SFPAX has a 3.81% expense ratio, which is higher than BDMIX's 1.57% expense ratio.
Return for Risk
SFPAX vs. BDMIX — Risk / Return Rank
SFPAX
BDMIX
SFPAX vs. BDMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saratoga Financial Service Fund (SFPAX) 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.
| SFPAX | BDMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.43 | 2.55 | -2.13 |
Sortino ratioReturn per unit of downside risk | 0.68 | 3.73 | -3.05 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.48 | -0.35 |
Calmar ratioReturn relative to maximum drawdown | 0.57 | 5.14 | -4.56 |
Martin ratioReturn relative to average drawdown | 2.51 | 14.25 | -11.75 |
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
| SFPAX | BDMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.43 | 2.55 | -2.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 1.76 | -1.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 1.27 | -0.86 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 1.15 | -1.01 |
Correlation
The correlation between SFPAX and BDMIX is 0.09, 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
SFPAX vs. BDMIX - Dividend Comparison
SFPAX 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SFPAX Saratoga Financial Service Fund | 0.00% | 0.00% | 5.91% | 5.05% | 5.71% | 5.03% | 4.18% | 7.10% | 22.58% | 0.00% | 0.00% | 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
SFPAX vs. BDMIX - Drawdown Comparison
The maximum SFPAX drawdown since its inception was -71.98%, which is greater than BDMIX's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for SFPAX and BDMIX.
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Drawdown Indicators
| SFPAX | BDMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.98% | -11.89% | -60.09% |
Max Drawdown (1Y)Largest decline over 1 year | -13.17% | -3.60% | -9.57% |
Max Drawdown (5Y)Largest decline over 5 years | -27.51% | -7.45% | -20.06% |
Max Drawdown (10Y)Largest decline over 10 years | -45.64% | -9.44% | -36.20% |
Current DrawdownCurrent decline from peak | -2.65% | -0.13% | -2.52% |
Average DrawdownAverage peak-to-trough decline | -21.06% | -2.71% | -18.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 1.30% | +1.83% |
Volatility
SFPAX vs. BDMIX - Volatility Comparison
The current volatility for Saratoga Financial Service Fund (SFPAX) is 0.00%, while BlackRock Global Long/Short Equity Fund Class I (BDMIX) has a volatility of 1.72%. This indicates that SFPAX 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
| SFPAX | BDMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 1.72% | -1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 6.73% | 4.78% | +1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.59% | 6.93% | +10.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.06% | 6.51% | +12.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.67% | 5.77% | +16.90% |