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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMNFX or BDMIX.
Key characteristics
| VMNFX | BDMIX | |
|---|---|---|
| YTD Return | 7.53% | 19.12% |
| 1Y Return | 7.41% | 23.39% |
| 3Y Return (Ann) | 14.02% | 11.58% |
| 5Y Return (Ann) | 8.28% | 5.64% |
| 10Y Return (Ann) | 3.49% | 3.21% |
| Sharpe Ratio | 1.27 | 3.32 |
| Sortino Ratio | 1.89 | 4.88 |
| Omega Ratio | 1.22 | 1.65 |
| Calmar Ratio | 2.40 | 5.72 |
| Martin Ratio | 5.41 | 21.05 |
| Ulcer Index | 1.46% | 1.11% |
| Daily Std Dev | 6.21% | 7.02% |
| Max Drawdown | -25.42% | -14.89% |
| Current Drawdown | -1.73% | -2.23% |
Correlation
The correlation between VMNFX and BDMIX is 0.19, 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.
Performance
VMNFX vs. BDMIX - Performance Comparison
In the year-to-date period, VMNFX achieves a 7.53% return, which is significantly lower than BDMIX's 19.12% return. Over the past 10 years, VMNFX has outperformed BDMIX with an annualized return of 3.49%, while BDMIX has yielded a comparatively lower 3.21% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
VMNFX vs. BDMIX - Risk-Adjusted Performance 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.
Dividends
VMNFX vs. BDMIX - Dividend Comparison
VMNFX's dividend yield for the trailing twelve months is around 4.77%, less than BDMIX's 12.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMNFX Vanguard Market Neutral Fund Investor Shares | 4.77% | 5.09% | 0.75% | 0.15% | 0.81% | 3.16% | 0.94% | 1.07% | 0.38% | 0.02% | 0.00% | 0.03% |
BDMIX BlackRock Global Long/Short Equity Fund Class I | 12.80% | 7.42% | 0.00% | 0.00% | 0.00% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.27% |
Drawdowns
VMNFX vs. BDMIX - Drawdown Comparison
The maximum VMNFX drawdown since its inception was -25.42%, which is greater than BDMIX's maximum drawdown of -14.89%. Use the drawdown chart below to compare losses from any high point for VMNFX and BDMIX. For additional features, visit the drawdowns tool.
Volatility
VMNFX vs. BDMIX - Volatility Comparison
The current volatility for Vanguard Market Neutral Fund Investor Shares (VMNFX) is 2.29%, while BlackRock Global Long/Short Equity Fund Class I (BDMIX) has a volatility of 3.14%. 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.