BACAX vs. MADVX
BACAX (BlackRock Energy Opportunities Fund) and MADVX (BlackRock Equity Dividend Fund) are both mutual funds - BACAX is a Energy Equities fund managed by BlackRock, while MADVX is a Large Cap Value Equities fund managed by BlackRock. Over the past 10 years, BACAX returned 9.16%/yr vs 11.81%/yr for MADVX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. BACAX charges 1.32%/yr vs 0.68%/yr for MADVX.
Performance
BACAX vs. MADVX - Performance Comparison
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Returns By Period
In the year-to-date period, BACAX achieves a 32.81% return, which is significantly higher than MADVX's 15.65% return. Over the past 10 years, BACAX has underperformed MADVX with an annualized return of 9.16%, while MADVX has yielded a comparatively higher 11.81% annualized return.
BACAX
- 1D
- 1.10%
- 1M
- 10.86%
- 6M
- 18.00%
- YTD
- 32.81%
- 1Y
- 41.22%
- 3Y*
- 15.06%
- 5Y*
- 21.36%
- 10Y*
- 9.16%
- ALL TIME*
- 5.61%
MADVX
- 1D
- 0.90%
- 1M
- 1.02%
- 6M
- 11.69%
- YTD
- 15.65%
- 1Y
- 28.55%
- 3Y*
- 15.84%
- 5Y*
- 11.05%
- 10Y*
- 11.81%
- ALL TIME*
- 10.14%
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 |
BACAX vs. MADVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BACAX BlackRock Energy Opportunities Fund | 32.81% | 10.53% | 3.78% | 2.61% | 43.02% | 42.93% | -29.68% | 12.64% | -19.98% | 2.07% |
MADVX BlackRock Equity Dividend Fund | 15.65% | 21.70% | 6.98% | 12.71% | -3.97% | 20.13% | 4.03% | 27.58% | -7.15% | 16.31% |
Correlation
The correlation between BACAX and MADVX is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.48 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2005 | 0.69 |
Over the past year, the correlation between BACAX and MADVX has dropped to 0.07 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
BACAX vs. MADVX — Risk / Return Rank
BACAX
MADVX
BACAX vs. MADVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Energy Opportunities Fund (BACAX) and BlackRock Equity Dividend Fund (MADVX). 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.
| BACAX | MADVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.39 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 2.88 | +0.07 |
| Martin ratioReturn relative to average drawdown | 8.75 | 12.34 | -3.59 |
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Drawdowns
BACAX vs. MADVX - Drawdown Comparison
The maximum BACAX drawdown since its inception was -78.88%, which is greater than MADVX's maximum drawdown of -50.00%. Use the drawdown chart below to compare losses from any high point for BACAX and MADVX.
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Drawdown Indicators
| BACAX | MADVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.88% | -50.00% | -28.88% |
Max Drawdown (1Y)Largest decline over 1 year | -13.36% | -9.01% | -4.35% |
Max Drawdown (3Y)Largest decline over 3 years | -18.73% | -15.22% | -3.51% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -18.05% | -7.69% |
Max Drawdown (10Y)Largest decline over 10 years | -65.92% | -35.94% | -29.98% |
Current DrawdownCurrent decline from peak | -3.02% | -0.22% | -2.80% |
Average DrawdownAverage peak-to-trough decline | -34.08% | -5.27% | -28.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.50% | 2.11% | +2.39% |
Volatility
BACAX vs. MADVX - Volatility Comparison
BlackRock Energy Opportunities Fund (BACAX) has a higher volatility of 5.88% compared to BlackRock Equity Dividend Fund (MADVX) at 3.39%. This indicates that BACAX's price experiences larger fluctuations and is considered to be riskier than MADVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BACAX | MADVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.88% | 3.39% | +2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 14.84% | 9.42% | +5.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.03% | 11.84% | +6.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.37% | 14.20% | +9.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.16% | 16.30% | +10.86% |
BACAX vs. MADVX - Expense Ratio Comparison
BACAX has a 1.32% expense ratio, which is higher than MADVX's 0.68% expense ratio.
Dividends
BACAX vs. MADVX - Dividend Comparison
BACAX's dividend yield for the trailing twelve months is around 1.77%, less than MADVX's 14.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BACAX BlackRock Energy Opportunities Fund | 1.77% | 2.47% | 2.29% | 3.06% | 2.21% | 2.39% | 3.38% | 2.69% | 2.87% | 2.48% | 1.95% | 1.98% |
MADVX BlackRock Equity Dividend Fund | 14.09% | 10.23% | 8.58% | 7.08% | 13.50% | 12.15% | 6.35% | 13.15% | 14.04% | 14.38% | 7.98% | 18.44% |
Frequently Asked Questions
BACAX and MADVX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BACAX has higher volatility (5.88%) compared to MADVX (3.39%). In terms of maximum drawdown, BACAX dropped -78.88% vs MADVX's -50.00%.
MADVX currently has the higher Sharpe Ratio (2.20 vs 2.19), 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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