VMNIX vs. BDMIX
Compare and contrast key facts about Vanguard Market Neutral Fund Institutional Shares (VMNIX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX).
VMNIX is managed by Vanguard. It was launched on Oct 19, 1998. BDMIX is managed by BlackRock. It was launched on Dec 20, 2012.
Performance
VMNIX vs. BDMIX - Performance Comparison
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VMNIX vs. BDMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMNIX Vanguard Market Neutral Fund Institutional Shares | 5.62% | 9.36% | 5.84% | 12.33% | 13.47% | 23.39% | -11.58% | -9.48% | 0.66% | -4.83% |
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, VMNIX achieves a 5.62% return, which is significantly higher than BDMIX's 4.32% return. Over the past 10 years, VMNIX has underperformed BDMIX with an annualized return of 4.01%, while BDMIX has yielded a comparatively higher 7.29% annualized return.
VMNIX
- 1D
- -0.47%
- 1M
- 2.96%
- YTD
- 5.62%
- 6M
- 8.54%
- 1Y
- 15.19%
- 3Y*
- 11.63%
- 5Y*
- 12.42%
- 10Y*
- 4.01%
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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VMNIX vs. BDMIX - Expense Ratio Comparison
VMNIX has a 1.25% expense ratio, which is lower than BDMIX's 1.57% expense ratio.
Return for Risk
VMNIX vs. BDMIX — Risk / Return Rank
VMNIX
BDMIX
VMNIX vs. BDMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Market Neutral Fund Institutional Shares (VMNIX) 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.
| VMNIX | BDMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.06 | 2.55 | -0.50 |
Sortino ratioReturn per unit of downside risk | 3.04 | 3.73 | -0.69 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.48 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 3.25 | 5.14 | -1.89 |
Martin ratioReturn relative to average drawdown | 9.26 | 14.25 | -4.99 |
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
| VMNIX | BDMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 2.55 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.74 | 1.76 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 1.27 | -0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 1.15 | -0.84 |
Correlation
The correlation between VMNIX 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
VMNIX vs. BDMIX - Dividend Comparison
VMNIX's dividend yield for the trailing twelve months is around 3.38%, less than BDMIX's 8.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMNIX Vanguard Market Neutral Fund Institutional Shares | 3.38% | 3.59% | 5.67% | 5.15% | 0.78% | 0.20% | 0.86% | 3.23% | 1.00% | 1.16% | 0.45% | 0.10% |
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
VMNIX vs. BDMIX - Drawdown Comparison
The maximum VMNIX drawdown since its inception was -27.90%, which is greater than BDMIX's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for VMNIX and BDMIX.
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Drawdown Indicators
| VMNIX | BDMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.90% | -11.89% | -16.01% |
Max Drawdown (1Y)Largest decline over 1 year | -4.95% | -3.60% | -1.35% |
Max Drawdown (5Y)Largest decline over 5 years | -6.69% | -7.45% | +0.76% |
Max Drawdown (10Y)Largest decline over 10 years | -24.95% | -9.44% | -15.51% |
Current DrawdownCurrent decline from peak | -0.47% | -0.13% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -8.82% | -2.71% | -6.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 1.30% | +0.43% |
Volatility
VMNIX vs. BDMIX - Volatility Comparison
The current volatility for Vanguard Market Neutral Fund Institutional Shares (VMNIX) is 1.57%, while BlackRock Global Long/Short Equity Fund Class I (BDMIX) has a volatility of 1.72%. This indicates that VMNIX 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
| VMNIX | BDMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 1.72% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 5.76% | 4.78% | +0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.60% | 6.93% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.19% | 6.51% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.35% | 5.77% | +0.58% |