- 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
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
MDFGX Performance Chart
BlackRock Capital Appreciation Fund (MDFGX) is up 11.4% since the beginning of the year. MDFGX is currently trading at $39 per share. Investors who bought $1,000 worth of MDFGX shares 5 years ago would now be looking at an investment worth $1,677.
Loading charts...
Returns By Period
BlackRock Capital Appreciation Fund (MDFGX) has returned 11.44% so far this year and 24.14% over the past 12 months. Looking at the last ten years, MDFGX has achieved an annualized return of 17.01%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
BlackRock Capital Appreciation Fund
- 1D
- 1.39%
- 1M
- 0.81%
- YTD
- 11.44%
- 6M
- 10.77%
- 1Y
- 24.14%
- 3Y*
- 23.18%
- 5Y*
- 10.90%
- 10Y*
- 17.01%
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%
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 +0.92%. At this rate, an investment would double in approximately 6.3 years.
Historically, 61% of months were positive and 39% 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% | -2.56% | 11.44% | ||||||
| 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 1.30%, 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 103.82% 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
- 1.30%
- Beta
- 1.04
- R²
- 0.84
- Upside Capture
- 109.77%
- Downside Capture
- 103.82%
Expense Ratio
MDFGX has a high expense ratio of 0.97%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MDFGX ranks 21 for risk / return — below 21% 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 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 | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 2.78 | -1.37 |
| Martin ratioReturn relative to average drawdown | 4.70 | 12.44 | -7.74 |
Dividends
Dividend History
BlackRock Capital Appreciation Fund provided a 17.51% dividend yield over the last twelve months, with an annual payout of $6.79 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 | $6.79 | $6.79 | $4.71 | $1.14 | $2.11 | $5.05 | $2.00 | $2.94 | $3.32 | $3.24 | $0.88 | $2.58 |
Dividend yield | 17.51% | 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 | $0.00 | ||||||
| 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.
Loading charts...
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 3.63%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -47.99%Mar 2009 | 1y 4mo | 1y 9mo | 3y 1moNov 2007 - Dec 2010 |
Dot-com crash2000–2002 | -45.06%Jul 2002 | 1y 5mo | 4y 8mo | 6y 2moFeb 2001 - Apr 2007 |
Bear market2022 | -42.49%Oct 2022 | 10mo 26d | 1y 4mo | 2y 3moNov 2021 - Mar 2024 |
1998 bear market1998 | -36.23%Jan 1998 | 3mo 3d | 1y 2mo | 1y 6moOct 1997 - Apr 1999 |
COVID crash2020 | -31.04%Mar 2020 | 1mo 2d | 2mo 17d | 3mo 19dFeb 2020 - Jun 2020 |
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 | -3.63% | -1.80% | -1.83% |
Average DrawdownAverage peak-to-trough decline | -11.21% | -10.71% | -0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.02% | 2.03% | +2.99% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with MDFGX
Add BlackRock Capital Appreciation Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with MDFGX