- ISIN
- US09251J4022
- CUSIP
- 09251J402
- Issuer
- BlackRock
- Inception Date
- Aug 31, 1989
- Category
- Emerging Markets Diversified
- Min. Investment
- $2,000,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
MADCX Performance Chart
BlackRock Emerging Markets Fund, Inc. (MADCX) is up 35.8% since the beginning of the year. MADCX is currently trading at $40 per share. Investors who bought $1,000 worth of MADCX shares 5 years ago would now be looking at an investment worth $1,341.
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Returns By Period
BlackRock Emerging Markets Fund, Inc. (MADCX) has returned 35.77% so far this year and 64.24% over the past 12 months. Over the last ten years, MADCX has returned 11.57% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
BlackRock Emerging Markets Fund, Inc.
- 1D
- 3.68%
- 1M
- 7.04%
- YTD
- 35.77%
- 6M
- 37.64%
- 1Y
- 64.24%
- 3Y*
- 20.67%
- 5Y*
- 6.04%
- 10Y*
- 11.57%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MADCX Monthly Returns History
Based on dividend-adjusted daily data since Aug 31, 1989, MADCX's average daily return is +0.04%, while the average monthly return is +0.80%. At this rate, an investment would double in approximately 7.2 years.
Historically, 57% of months were positive and 43% were negative. The best month was May 2009 with a return of +21.3%, while the worst month was Aug 1998 at -31.4%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MADCX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +14.5%, while the worst single day was Oct 15, 2008 at -13.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.98% | 6.64% | -11.92% | 18.32% | 8.69% | 4.09% | 35.77% | ||||||
| 2025 | 0.38% | 0.13% | -0.76% | 0.51% | 4.87% | 6.74% | -1.33% | 4.38% | 6.89% | 3.21% | -0.53% | 2.86% | 30.47% |
| 2024 | -4.54% | 2.42% | 3.25% | -0.86% | 0.95% | 2.20% | -0.58% | 0.77% | 3.60% | -3.86% | -3.74% | -0.27% | -1.09% |
| 2023 | 10.19% | -6.89% | 2.14% | -1.03% | -1.04% | 4.94% | 4.27% | -6.19% | -3.26% | -3.37% | 8.25% | 3.88% | 10.77% |
| 2022 | -0.27% | -8.86% | -4.66% | -6.12% | 0.49% | -5.87% | -0.34% | -0.04% | -9.57% | -2.46% | 14.67% | -2.15% | -24.12% |
| 2021 | 3.75% | 4.40% | -2.20% | 1.95% | 0.87% | 1.81% | -6.44% | 1.25% | -4.74% | 2.31% | -4.26% | 0.83% | -1.14% |
Benchmark Metrics
BlackRock Emerging Markets Fund, Inc. has an annualized alpha of 1.87%, beta of 0.73, and R2 of 0.46 versus S&P 500 Index. Calculated based on daily prices since August 31, 1989.
- This fund participated in 103.54% of S&P 500 Index downside but only 98.09% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.46 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.87%
- Beta
- 0.73
- R²
- 0.46
- Upside Capture
- 98.09%
- Downside Capture
- 103.54%
Expense Ratio
MADCX has an expense ratio of 0.86%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MADCX ranks 85 for risk / return — in the top 85% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BlackRock Emerging Markets Fund, Inc. (MADCX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MADCX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.37 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.12 | 2.78 | +1.34 |
| Martin ratioReturn relative to average drawdown | 15.96 | 12.44 | +3.52 |
Dividends
Dividend History
BlackRock Emerging Markets Fund, Inc. provided a 3.14% dividend yield over the last twelve months, with an annual payout of $1.25 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.25 | $1.25 | $0.45 | $0.40 | $0.50 | $1.71 | $0.31 | $0.40 | $0.20 | $0.11 | $0.30 | $0.21 |
Dividend yield | 3.14% | 4.26% | 1.90% | 1.67% | 2.22% | 5.72% | 0.97% | 1.53% | 0.98% | 0.48% | 1.82% | 1.34% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Emerging Markets Fund, Inc.. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.00 | $0.00 | $1.16 | $1.25 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.45 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.40 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.50 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.33 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $1.71 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the BlackRock Emerging Markets Fund, Inc.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BlackRock Emerging Markets Fund, Inc. was 66.58%, occurring on Oct 27, 2008. Recovery took 2222 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -66.58%Oct 2008 | 12mo 1d | 8y 10mo | 9y 9moNov 2007 - Aug 2017 |
1998 bear market1998 | -56.92%Sep 1998 | 1y 2mo | 6y 3mo | 7y 5moJul 1997 - Dec 2004 |
Bear market2022 | -43.82%Oct 2022 | 1y 8mo | 3y 3mo | 4y 11moFeb 2021 - Jan 2026 |
COVID crash2020 | -32.24%Mar 2020 | 2mo 2d | 5mo 5d | 7mo 7dJan 2020 - Aug 2020 |
1995 bear market1995 | -27.17%Mar 1995 | 1y 26d | 1y 11mo | 3y 8dFeb 1994 - Feb 1997 |
Drawdown Indicators
| MADCX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.58% | -56.78% | -9.80% |
Max Drawdown (1Y)Largest decline over 1 year | -15.57% | -9.10% | -6.47% |
Max Drawdown (3Y)Largest decline over 3 years | -20.25% | -18.90% | -1.35% |
Max Drawdown (5Y)Largest decline over 5 years | -40.70% | -25.43% | -15.27% |
Max Drawdown (10Y)Largest decline over 10 years | -43.82% | -33.92% | -9.90% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -18.35% | -10.71% | -7.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 2.03% | +1.98% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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