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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BlackRock Unconstrained Equity Fund Investor A Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
BlackRock Unconstrained Equity Fund Investor A Shares (MDEGX) has returned -8.49% so far this year and 10.05% over the past 12 months. Over the last ten years, MDEGX has returned 9.76% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.
BlackRock Unconstrained Equity Fund Investor A Shares
- 1D
- -1.04%
- 1M
- -11.17%
- YTD
- -8.49%
- 6M
- -7.96%
- 1Y
- 10.05%
- 3Y*
- 7.83%
- 5Y*
- 6.16%
- 10Y*
- 9.76%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Nov 4, 2005, MDEGX's average daily return is +0.04%, while the average monthly return is +0.76%. At this rate, your investment would double in approximately 7.6 years.
Historically, 64% of months were positive and 36% were negative. The best month was Jul 2022 with a return of +13.5%, while the worst month was Oct 2008 at -15.5%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MDEGX closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +10.8%, while the worst single day was Mar 16, 2020 at -10.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.64% | 0.38% | -11.17% | -8.49% | |||||||||
| 2025 | 4.90% | -2.54% | -8.82% | 2.09% | 8.94% | 5.29% | 1.52% | -1.63% | 2.25% | 3.10% | -0.94% | -1.52% | 12.11% |
| 2024 | 3.48% | 5.53% | 2.34% | -6.23% | 3.03% | 2.87% | -3.48% | 3.68% | -0.07% | -4.60% | 3.87% | -2.53% | 7.27% |
| 2023 | 11.02% | -2.50% | 7.99% | 2.38% | 0.77% | 4.01% | 0.33% | -1.55% | -6.07% | -2.04% | 10.93% | 5.29% | 33.16% |
| 2022 | -7.43% | -1.63% | 1.44% | -9.83% | -2.89% | -7.31% | 13.52% | -7.22% | -10.17% | 6.47% | 10.74% | -4.90% | -20.47% |
| 2021 | -3.02% | 3.88% | 3.33% | 5.87% | 0.79% | 2.36% | 1.75% | 2.55% | -3.69% | 4.67% | -4.13% | 5.03% | 20.42% |
Benchmark Metrics
BlackRock Unconstrained Equity Fund Investor A Shares has an annualized alpha of 0.66%, beta of 0.88, and R² of 0.86 versus S&P 500 Index. Calculated based on daily prices since November 07, 2005.
- With beta of 0.88 and R² of 0.86, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.66%
- Beta
- 0.88
- R²
- 0.86
- Upside Capture
- 99.52%
- Downside Capture
- 101.07%
Expense Ratio
MDEGX has a high expense ratio of 1.16%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MDEGX ranks 17 for risk / return — in the bottom 17% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BlackRock Unconstrained Equity Fund Investor A Shares (MDEGX) and compare them to a chosen benchmark (S&P 500 Index).
| MDEGX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.45 | 0.90 | -0.44 |
Sortino ratioReturn per unit of downside risk | 0.81 | 1.39 | -0.57 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.21 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.57 | 1.40 | -0.83 |
Martin ratioReturn relative to average drawdown | 2.23 | 6.61 | -4.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore MDEGX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
BlackRock Unconstrained Equity Fund Investor A Shares provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $1.77 | $3.27 | $0.94 | $1.59 | $0.95 | $0.50 | $0.07 | $0.91 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 18.18% | 22.48% | 6.30% | 11.68% | 8.21% | 3.81% | 0.62% | 7.88% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Unconstrained Equity Fund Investor A Shares. 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 | |||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.77 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.77 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.70 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 | $3.27 |
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 Unconstrained Equity Fund Investor A Shares. 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 Unconstrained Equity Fund Investor A Shares was 48.79%, occurring on Mar 9, 2009. Recovery took 973 trading sessions.
The current BlackRock Unconstrained Equity Fund Investor A Shares drawdown is 12.75%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -48.79% | May 20, 2008 | 202 | Mar 9, 2009 | 973 | Jan 17, 2013 | 1175 |
| -31.98% | Jan 21, 2020 | 44 | Mar 23, 2020 | 109 | Aug 26, 2020 | 153 |
| -31.49% | Nov 9, 2021 | 236 | Oct 14, 2022 | 186 | Jul 14, 2023 | 422 |
| -22.47% | Jul 20, 2015 | 144 | Feb 11, 2016 | 399 | Sep 12, 2017 | 543 |
| -21.14% | Jan 27, 2025 | 51 | Apr 8, 2025 | 41 | Jun 6, 2025 | 92 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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