- ISIN
- US09251R1077
- CUSIP
- 09251R107
- Issuer
- BlackRock
- Inception Date
- Dec 31, 1997
- Category
- Large Cap Growth Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
MDFGX Performance Chart
BlackRock Capital Appreciation Fund (MDFGX) is up 7.2% since the beginning of the year. MDFGX is currently trading at $30 per share. Investors who bought $1,000 worth of MDFGX shares 5 years ago would now be looking at an investment worth $1,515.
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Compare this symbol against anything
Returns By Period
BlackRock Capital Appreciation Fund (MDFGX) has returned 7.15% so far this year and 12.76% over the past 12 months. Looking at the last ten years, MDFGX has achieved an annualized return of 15.87%, outperforming the S&P 500 Index benchmark, which averaged 13.26% per year.
BlackRock Capital Appreciation Fund
- 1D
- 3.09%
- 1M
- -2.37%
- 6M
- 6.78%
- YTD
- 7.15%
- 1Y
- 12.76%
- 3Y*
- 19.87%
- 5Y*
- 8.66%
- 10Y*
- 15.87%
- ALL TIME*
- 9.51%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MDFGX Monthly Returns History
Based on dividend-adjusted daily data since Jun 20, 1996, MDFGX's average daily return is +0.05%, while the average monthly return is +0.90%. At this rate, an investment would double in approximately 6.4 years.
Historically, 60% of months were positive and 40% were negative. The best month was Dec 1999 with a return of +21.0%, while the worst month was Jan 1998 at -19.7%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MDFGX closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +11.9%, while the worst single day was Jan 2, 1998 at -20.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.34% | -4.30% | -5.39% | 15.60% | 8.89% | -1.91% | -4.49% | 7.15% | |||||
| 2025 | 1.92% | -4.32% | -8.81% | 2.22% | 9.87% | 7.17% | 2.35% | -0.16% | 4.09% | 2.08% | -2.47% | -0.63% | 12.63% |
| 2024 | 3.92% | 7.30% | 1.97% | -4.85% | 5.91% | 6.81% | -2.86% | 0.94% | 3.25% | -0.82% | 6.19% | 0.83% | 31.58% |
| 2023 | 10.92% | -2.31% | 7.76% | 1.35% | 5.47% | 7.06% | 2.66% | 0.13% | -6.42% | -1.35% | 12.51% | 4.29% | 48.77% |
| 2022 | -11.27% | -5.00% | 2.44% | -13.79% | -2.17% | -8.81% | 12.44% | -7.38% | -10.97% | 3.96% | 5.78% | -8.19% | -37.83% |
| 2021 | -0.96% | 1.13% | 0.25% | 7.51% | -1.32% | 6.36% | 3.33% | 3.23% | -5.82% | 6.36% | -1.43% | 1.21% | 20.78% |
Benchmark Metrics
BlackRock Capital Appreciation Fund has an annualized alpha of 1.19%, beta of 1.04, and R2 of 0.84 versus S&P 500 Index. Calculated based on daily prices since June 20, 1996.
- This fund captured 109.77% of S&P 500 Index gains and 104.28% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.04 and R2 of 0.84, 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
- 1.19%
- Beta
- 1.04
- R²
- 0.84
- Upside Capture
- 109.77%
- Downside Capture
- 104.28%
Expense Ratio
MDFGX has a high expense ratio of 0.97%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MDFGX ranks 13 for risk / return — above 13% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for BlackRock Capital Appreciation Fund (MDFGX) 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.
| MDFGX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.25 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 2.00 | -1.37 |
| Martin ratioReturn relative to average drawdown | 1.97 | 8.49 | -6.52 |
Dividends
Dividend History
BlackRock Capital Appreciation Fund provided a 37.35% dividend yield over the last twelve months, with an annual payout of $11.22 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 | $11.22 | $6.79 | $4.71 | $1.14 | $2.11 | $5.05 | $2.00 | $2.94 | $3.32 | $3.24 | $0.88 | $2.58 |
Dividend yield | 37.35% | 19.51% | 12.73% | 3.59% | 9.46% | 12.95% | 5.46% | 10.67% | 14.31% | 12.51% | 4.01% | 11.22% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Capital Appreciation Fund. 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 | $7.47 | $7.47 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.04 | $0.00 | $0.00 | $0.00 | $0.00 | $3.75 | $6.79 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.93 | $0.00 | $0.00 | $0.00 | $0.00 | $1.78 | $4.71 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.00 | $0.00 | $0.62 | $1.14 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.65 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $2.11 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.51 | $0.00 | $0.00 | $0.00 | $0.00 | $1.54 | $5.05 |
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 Capital Appreciation Fund. 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 Capital Appreciation Fund was 47.99%, occurring on Mar 9, 2009. Recovery took 452 trading sessions.
The current BlackRock Capital Appreciation Fund drawdown is 7.34%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-47.99%Mar 2009 | 1y 4mo | 1y 9mo | 3y 1moNov 2007 - Dec 2010 | Financial crisis2007–2009 |
-45.06%Jul 2002 | 1y 5mo | 4y 8mo | 6y 2moFeb 2001 - Apr 2007 | Dot-com crash2000–2002 |
-42.49%Oct 2022 | 10mo 26d | 1y 4mo | 2y 3moNov 2021 - Mar 2024 | Bear market2022 |
-36.23%Jan 1998 | 3mo 3d | 1y 2mo | 1y 6moOct 1997 - Apr 1999 | — |
-31.04%Mar 2020 | 1mo 2d | 2mo 17d | 3mo 19dFeb 2020 - Jun 2020 | COVID crash2020 |
Drawdown Indicators
| MDFGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.99% | -56.78% | +8.79% |
Max Drawdown (1Y)Largest decline over 1 year | -16.74% | -9.10% | -7.64% |
Max Drawdown (3Y)Largest decline over 3 years | -24.43% | -18.90% | -5.53% |
Max Drawdown (5Y)Largest decline over 5 years | -42.49% | -25.43% | -17.06% |
Max Drawdown (10Y)Largest decline over 10 years | -42.49% | -33.92% | -8.57% |
Current DrawdownCurrent decline from peak | -7.34% | -1.58% | -5.76% |
Average DrawdownAverage peak-to-trough decline | -11.19% | -10.70% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.37% | 2.14% | +3.23% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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