ALVIX vs. MALVX
ALVIX (American Century Investments Focused Large Cap Value Fund) and MALVX (BlackRock Advantage Large Cap Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, ALVIX returned 10.60%/yr vs 12.99%/yr for MALVX. Their correlation of 0.92 means they have usually moved in the same direction. ALVIX charges 0.83%/yr vs 0.54%/yr for MALVX.
Performance
ALVIX vs. MALVX - Performance Comparison
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Returns By Period
In the year-to-date period, ALVIX achieves a 14.49% return, which is significantly lower than MALVX's 22.59% return. Over the past 10 years, ALVIX has underperformed MALVX with an annualized return of 10.60%, while MALVX has yielded a comparatively higher 12.99% annualized return.
ALVIX
- 1D
- 0.00%
- 1M
- 2.78%
- 6M
- 9.73%
- YTD
- 14.49%
- 1Y
- 23.87%
- 3Y*
- 14.48%
- 5Y*
- 10.65%
- 10Y*
- 10.60%
- ALL TIME*
- 7.57%
MALVX
- 1D
- 0.97%
- 1M
- 1.94%
- 6M
- 17.40%
- YTD
- 22.59%
- 1Y
- 38.80%
- 3Y*
- 20.54%
- 5Y*
- 12.93%
- 10Y*
- 12.99%
- ALL TIME*
- 9.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ALVIX vs. MALVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALVIX American Century Investments Focused Large Cap Value Fund | 14.49% | 16.29% | 11.01% | 6.07% | 1.82% | 18.18% | 2.53% | 27.62% | -7.41% | 11.13% |
MALVX BlackRock Advantage Large Cap Value Fund | 22.59% | 18.38% | 15.39% | 13.74% | -8.68% | 26.51% | 3.91% | 24.74% | -7.74% | 15.82% |
Correlation
The correlation between ALVIX and MALVX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 1999 | 0.92 |
The correlation between ALVIX and MALVX shifts across timeframes, from 0.79 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ALVIX vs. MALVX — Risk / Return Rank
ALVIX
MALVX
ALVIX vs. MALVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Investments Focused Large Cap Value Fund (ALVIX) and BlackRock Advantage Large Cap Value Fund (MALVX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| ALVIX | MALVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.58 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 5.55 | -2.71 |
| Martin ratioReturn relative to average drawdown | 9.28 | 25.78 | -16.50 |
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Drawdowns
ALVIX vs. MALVX - Drawdown Comparison
The maximum ALVIX drawdown since its inception was -59.66%, which is greater than MALVX's maximum drawdown of -55.21%. Use the drawdown chart below to compare losses from any high point for ALVIX and MALVX.
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Drawdown Indicators
| ALVIX | MALVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.66% | -55.21% | -4.45% |
Max Drawdown (1Y)Largest decline over 1 year | -7.68% | -6.53% | -1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -11.69% | -16.13% | +4.44% |
Max Drawdown (5Y)Largest decline over 5 years | -14.08% | -19.73% | +5.65% |
Max Drawdown (10Y)Largest decline over 10 years | -35.52% | -37.12% | +1.60% |
Current DrawdownCurrent decline from peak | -0.76% | -0.19% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -8.70% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 1.41% | +0.94% |
Volatility
ALVIX vs. MALVX - Volatility Comparison
American Century Investments Focused Large Cap Value Fund (ALVIX) has a higher volatility of 3.68% compared to BlackRock Advantage Large Cap Value Fund (MALVX) at 2.77%. This indicates that ALVIX's price experiences larger fluctuations and is considered to be riskier than MALVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALVIX | MALVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 2.77% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 8.05% | 8.90% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.61% | 11.35% | -0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.67% | 14.78% | -2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.66% | 17.25% | -1.59% |
ALVIX vs. MALVX - Expense Ratio Comparison
ALVIX has a 0.83% expense ratio, which is higher than MALVX's 0.54% expense ratio.
Dividends
ALVIX vs. MALVX - Dividend Comparison
ALVIX's dividend yield for the trailing twelve months is around 10.73%, more than MALVX's 10.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALVIX American Century Investments Focused Large Cap Value Fund | 10.73% | 12.61% | 9.67% | 3.63% | 12.50% | 20.50% | 2.19% | 2.45% | 7.25% | 5.49% | 1.79% | 1.33% |
MALVX BlackRock Advantage Large Cap Value Fund | 10.57% | 9.23% | 14.33% | 2.84% | 5.96% | 17.48% | 1.68% | 3.92% | 12.95% | 0.43% | 1.38% | 1.01% |
Frequently Asked Questions
ALVIX and MALVX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALVIX has higher volatility (3.68%) compared to MALVX (2.77%). In terms of maximum drawdown, ALVIX dropped -59.66% vs MALVX's -55.21%.
MALVX currently has the higher Sharpe Ratio (3.20 vs 2.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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