- CUSIP
- 09251W106
- Issuer
- BlackRock
- Inception Date
- Nov 4, 2005
- Category
- Global Equities
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
MDEGX Performance Chart
BlackRock Unconstrained Equity Fund Investor A Shares (MDEGX) is up 14.9% since the beginning of the year. MDEGX is currently trading at $18 per share. Investors who bought $1,000 worth of MDEGX shares 5 years ago would now be looking at an investment worth $1,589.
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Returns By Period
BlackRock Unconstrained Equity Fund Investor A Shares (MDEGX) has returned 14.92% so far this year and 23.24% over the past 12 months. Over the last ten years, MDEGX has returned 12.11% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
BlackRock Unconstrained Equity Fund Investor A Shares
- 1D
- -0.83%
- 1M
- 3.47%
- YTD
- 14.92%
- 6M
- 13.32%
- 1Y
- 23.24%
- 3Y*
- 14.58%
- 5Y*
- 9.71%
- 10Y*
- 12.11%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
MDEGX Monthly Returns History
Based on dividend-adjusted daily data since Nov 4, 2005, MDEGX's average daily return is +0.04%, while the average monthly return is +0.84%. At this rate, an investment would double in approximately 6.9 years.
Historically, 65% of months were positive and 35% were negative. The best month was Apr 2026 with a return of +16.9%, 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% | -7.62% | 16.89% | 4.16% | -0.83% | 14.92% | ||||||
| 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 0.98%, beta of 0.89, and R2 of 0.86 versus S&P 500 Index. Calculated based on daily prices since November 07, 2005.
- With beta of 0.89 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
- 0.98%
- Beta
- 0.89
- R²
- 0.86
- Upside Capture
- 100.38%
- Downside Capture
- 100.83%
Expense Ratio
MDEGX has a high expense ratio of 1.16%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MDEGX ranks 26 for risk / return — below 26% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
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 S&P 500 Index.
| MDEGX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 2.24 | -0.86 |
Sortino ratioReturn per unit of downside risk | 2.04 | 3.07 | -1.03 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.41 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 2.93 | -1.02 |
Martin ratioReturn relative to average drawdown | 7.87 | 13.52 | -5.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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 | $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 1.49%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -48.79%Mar 2009 | 9mo 23d | 3y 10mo | 4y 8moMay 2008 - Jan 2013 |
COVID crash2020 | -31.98%Mar 2020 | 2mo 2d | 5mo 6d | 7mo 8dJan 2020 - Aug 2020 |
Bear market2022 | -31.49%Oct 2022 | 11mo 9d | 9mo 3d | 1y 8moNov 2021 - Jul 2023 |
2016 bear market2016 | -22.47%Feb 2016 | 6mo 26d | 1y 7mo | 2y 1moJul 2015 - Sep 2017 |
2025 selloff2025 | -21.14%Apr 2025 | 2mo 11d | 1mo 29d | 4mo 10dJan 2025 - Jun 2025 |
Drawdown Indicators
| MDEGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.79% | -56.78% | +7.99% |
Max Drawdown (1Y)Largest decline over 1 year | -12.75% | -9.10% | -3.65% |
Max Drawdown (3Y)Largest decline over 3 years | -21.14% | -18.90% | -2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -31.49% | -25.43% | -6.06% |
Max Drawdown (10Y)Largest decline over 10 years | -31.98% | -33.92% | +1.94% |
Current DrawdownCurrent decline from peak | -1.49% | -0.74% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -7.82% | -10.72% | +2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 1.97% | +1.12% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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