VMNFX vs. BDMIX
Compare and contrast key facts about Vanguard Market Neutral Fund Investor Shares (VMNFX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX).
VMNFX is managed by Vanguard. It was launched on Nov 11, 1998. BDMIX is managed by BlackRock. It was launched on Dec 20, 2012.
Performance
VMNFX vs. BDMIX - Performance Comparison
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VMNFX vs. BDMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMNFX Vanguard Market Neutral Fund Investor Shares | 5.66% | 9.27% | 5.78% | 12.23% | 13.48% | 23.24% | -11.58% | -9.57% | 0.60% | -4.89% |
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, VMNFX achieves a 5.66% return, which is significantly higher than BDMIX's 4.32% return. Over the past 10 years, VMNFX has underperformed BDMIX with an annualized return of 3.95%, while BDMIX has yielded a comparatively higher 7.29% annualized return.
VMNFX
- 1D
- -0.40%
- 1M
- 3.01%
- YTD
- 5.66%
- 6M
- 8.53%
- 1Y
- 15.15%
- 3Y*
- 11.56%
- 5Y*
- 12.36%
- 10Y*
- 3.95%
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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VMNFX vs. BDMIX - Expense Ratio Comparison
VMNFX has a 1.31% expense ratio, which is lower than BDMIX's 1.57% expense ratio.
Return for Risk
VMNFX vs. BDMIX — Risk / Return Rank
VMNFX
BDMIX
VMNFX vs. BDMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Market Neutral Fund Investor Shares (VMNFX) 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.
| VMNFX | BDMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.04 | 2.55 | -0.51 |
Sortino ratioReturn per unit of downside risk | 3.03 | 3.73 | -0.70 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.48 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 3.25 | 5.14 | -1.88 |
Martin ratioReturn relative to average drawdown | 9.21 | 14.25 | -5.04 |
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
| VMNFX | BDMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 2.55 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.73 | 1.76 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 1.27 | -0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 1.15 | -0.84 |
Correlation
The correlation between VMNFX and BDMIX is 0.22, 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
VMNFX vs. BDMIX - Dividend Comparison
VMNFX's dividend yield for the trailing twelve months is around 3.32%, less than BDMIX's 8.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMNFX Vanguard Market Neutral Fund Investor Shares | 3.32% | 3.53% | 5.61% | 5.09% | 0.75% | 0.16% | 0.81% | 3.16% | 0.94% | 1.07% | 0.38% | 0.02% |
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
VMNFX vs. BDMIX - Drawdown Comparison
The maximum VMNFX drawdown since its inception was -26.42%, which is greater than BDMIX's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for VMNFX and BDMIX.
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Drawdown Indicators
| VMNFX | BDMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.42% | -11.89% | -14.53% |
Max Drawdown (1Y)Largest decline over 1 year | -4.93% | -3.60% | -1.33% |
Max Drawdown (5Y)Largest decline over 5 years | -6.75% | -7.45% | +0.70% |
Max Drawdown (10Y)Largest decline over 10 years | -25.09% | -9.44% | -15.65% |
Current DrawdownCurrent decline from peak | -0.40% | -0.13% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -8.81% | -2.71% | -6.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 1.30% | +0.44% |
Volatility
VMNFX vs. BDMIX - Volatility Comparison
The current volatility for Vanguard Market Neutral Fund Investor Shares (VMNFX) is 1.56%, while BlackRock Global Long/Short Equity Fund Class I (BDMIX) has a volatility of 1.72%. This indicates that VMNFX 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
| VMNFX | BDMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 1.72% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 5.83% | 4.78% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.64% | 6.93% | +0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.18% | 6.51% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.34% | 5.77% | +0.57% |