BBSOX vs. MADVX

Last updated Aug 1, 2026

BBSOX (BlackRock Short Obligations Fund) and MADVX (BlackRock Equity Dividend Fund) are both mutual funds - BBSOX is a Ultrashort Bond fund managed by BlackRock, while MADVX is a Large Cap Value Equities fund managed by BlackRock. Over the past 10 years, BBSOX returned 2.47%/yr vs 11.81%/yr for MADVX. Their -0.02 correlation means they have often moved in opposite directions in the past. BBSOX charges 0.30%/yr vs 0.68%/yr for MADVX.

Performance

BBSOX vs. MADVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Short Obligations Fund (BBSOX) and BlackRock Equity Dividend Fund (MADVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBSOX achieves a 1.72% return, which is significantly lower than MADVX's 15.65% return. Over the past 10 years, BBSOX has underperformed MADVX with an annualized return of 2.47%, while MADVX has yielded a comparatively higher 11.81% annualized return.

BBSOX

• 1D: 0.00%
• 1M: 0.00%
• 6M: 1.37%
• YTD: 1.72%
• 1Y: 3.60%
• 3Y*: 4.68%
• 5Y*: 3.31%
• 10Y*: 2.47%
• ALL TIME*: 2.00%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BBSOX BlackRock Short Obligations Fund	$0.00	$0.00	$0.00
MADVX BlackRock Equity Dividend Fund	$0.00	$0.00	$0.00

BBSOX vs. MADVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBSOX BlackRock Short Obligations Fund	1.72%	4.74%	5.36%	4.36%	0.60%	-0.10%	1.54%	3.01%	1.96%	1.18%
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 BBSOX and MADVX is 0.15, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.15
Correlation (3Y) Balances recent behavior with more history.	0.07
Correlation (5Y) Shows whether the relationship held over a longer period.	0.04
Correlation (10Y) Provides a long-term view across more market conditions.	-0.01
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	-0.02

The correlation between BBSOX and MADVX shifts across timeframes, from -0.02 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BBSOX vs. MADVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BBSOX

BBSOX Risk / Return Rank: 99
BBSOX Sharpe Ratio Rank: 98
BBSOX Sortino Ratio Rank: 100
BBSOX Omega Ratio Rank: 99
BBSOX Calmar Ratio Rank: 100
BBSOX Martin Ratio Rank: 99

MADVX

MADVX Risk / Return Rank: 87
MADVX Sharpe Ratio Rank: 89
MADVX Sortino Ratio Rank: 86
MADVX Omega Ratio Rank: 83
MADVX Calmar Ratio Rank: 85
MADVX Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BBSOX vs. MADVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Short Obligations Fund (BBSOX) 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.

	BBSOX	MADVX	Difference
Sharpe ratio: Return per unit of total volatility	3.17	2.20	+0.97
Sortino ratio: Return per unit of downside risk	10.87	3.06	+7.82
Omega ratio: Gain probability vs. loss probability	3.90	1.39	+2.51
Calmar ratio: Return relative to maximum drawdown	20.77	2.88	+17.89
Martin ratio: Return relative to average drawdown	65.78	12.34	+53.44

BBSOX vs. MADVX - Sharpe Ratio Comparison

The current BBSOX Sharpe Ratio is 3.17, which is higher than the MADVX Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of BBSOX and MADVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BBSOX vs. MADVX - Drawdown Comparison

The maximum BBSOX drawdown since its inception was -1.59%, smaller than the maximum MADVX drawdown of -50.00%. Use the drawdown chart below to compare losses from any high point for BBSOX and MADVX.

Drawdown Indicators

	BBSOX	MADVX	Difference
Max Drawdown Largest peak-to-trough decline	-1.59%	-50.00%	+48.41%
Max Drawdown (1Y) Largest decline over 1 year	-0.20%	-9.01%	+8.81%
Max Drawdown (3Y) Largest decline over 3 years	-0.30%	-15.22%	+14.92%
Max Drawdown (5Y) Largest decline over 5 years	-1.00%	-18.05%	+17.05%
Max Drawdown (10Y) Largest decline over 10 years	-1.59%	-35.94%	+34.35%
Current Drawdown Current decline from peak	-0.10%	-0.22%	+0.12%
Average Drawdown Average peak-to-trough decline	-0.08%	-5.27%	+5.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.06%	2.11%	-2.05%

Volatility

BBSOX vs. MADVX - Volatility Comparison

The current volatility for BlackRock Short Obligations Fund (BBSOX) is 0.14%, while BlackRock Equity Dividend Fund (MADVX) has a volatility of 3.39%. This indicates that BBSOX experiences smaller price fluctuations and is considered to be less risky than MADVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBSOX	MADVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.14%	3.39%	-3.25%
Volatility (6M) Calculated over the trailing 6-month period	0.91%	9.42%	-8.51%
Volatility (1Y) Calculated over the trailing 1-year period	1.30%	11.84%	-10.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.27%	14.20%	-12.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.03%	16.30%	-15.27%

BBSOX vs. MADVX - Expense Ratio Comparison

BBSOX has a 0.30% expense ratio, which is lower than MADVX's 0.68% expense ratio.

Dividends

BBSOX vs. MADVX - Dividend Comparison

BBSOX's dividend yield for the trailing twelve months is around 3.83%, less than MADVX's 14.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBSOX BlackRock Short Obligations Fund	3.83%	4.43%	5.01%	3.35%	1.29%	0.30%	1.13%	2.56%	2.24%	1.17%	1.03%	0.62%
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

Can I hold both BBSOX and MADVX in my portfolio?

BBSOX and MADVX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBSOX or MADVX?

MADVX has higher volatility (3.39%) compared to BBSOX (0.14%). In terms of maximum drawdown, BBSOX dropped -1.59% vs MADVX's -50.00%.

Which has better risk-adjusted returns?

BBSOX currently has the higher Sharpe Ratio (3.17 vs 2.20), 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.