BCSKX vs. MADVX

Last updated Aug 1, 2026

BCSKX (BlackRock Commodity Strategies Fund Class K) and MADVX (BlackRock Equity Dividend Fund) are both mutual funds - BCSKX is a Commodities fund tracking the Bloomberg Commodity Index Total Return, while MADVX is a Large Cap Value Equities fund managed by BlackRock. Over the past 5 years, BCSKX returned 11.92%/yr vs 11.05%/yr for MADVX. Their 0.51 correlation means they have sometimes moved together and sometimes differently. BCSKX charges 0.67%/yr vs 0.68%/yr for MADVX.

Performance

BCSKX vs. MADVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Commodity Strategies Fund Class K (BCSKX) 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, BCSKX achieves a 17.91% return, which is significantly higher than MADVX's 15.65% return.

BCSKX

• 1D: 0.47%
• 1M: 6.78%
• 6M: 6.40%
• YTD: 17.91%
• 1Y: 37.53%
• 3Y*: 15.03%
• 5Y*: 11.92%
• 10Y*: —
• ALL TIME*: 10.63%

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)
BCSKX BlackRock Commodity Strategies Fund Class K	$0.00	$0.00	$0.00
MADVX BlackRock Equity Dividend Fund	$0.00	$0.00	$0.00

BCSKX vs. MADVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BCSKX BlackRock Commodity Strategies Fund Class K	17.91%	28.88%	4.44%	-4.27%	11.95%	22.49%	6.84%	3.89%	2.06%
MADVX BlackRock Equity Dividend Fund	15.65%	21.70%	6.98%	12.71%	-3.97%	20.13%	4.03%	27.58%	-13.11%

Correlation

The correlation between BCSKX and MADVX is 0.23, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.23
Correlation (3Y) Balances recent behavior with more history.	0.35
Correlation (5Y) Shows whether the relationship held over a longer period.	0.48
Correlation (All Time) Calculated using the full available price history since Jan 29, 2018	0.51

Over the past year, the correlation between BCSKX and MADVX has dropped to 0.23 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.

Return for Risk

BCSKX vs. MADVX — Risk / Return Rank

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

BCSKX

BCSKX Risk / Return Rank: 86
BCSKX Sharpe Ratio Rank: 92
BCSKX Sortino Ratio Rank: 84
BCSKX Omega Ratio Rank: 83
BCSKX Calmar Ratio Rank: 87
BCSKX Martin Ratio Rank: 83

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.

BCSKX vs. MADVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Commodity Strategies Fund Class K (BCSKX) 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.

	BCSKX	MADVX	Difference
Sharpe ratio: Return per unit of total volatility	2.35	2.20	+0.16
Sortino ratio: Return per unit of downside risk	2.98	3.06	-0.08
Omega ratio: Gain probability vs. loss probability	1.40	1.39	+0.01
Calmar ratio: Return relative to maximum drawdown	3.04	2.88	+0.15
Martin ratio: Return relative to average drawdown	10.16	12.34	-2.18

BCSKX vs. MADVX - Sharpe Ratio Comparison

The current BCSKX Sharpe Ratio is 2.35, which is comparable to the MADVX Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of BCSKX 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

BCSKX vs. MADVX - Drawdown Comparison

The maximum BCSKX drawdown since its inception was -30.34%, smaller than the maximum MADVX drawdown of -50.00%. Use the drawdown chart below to compare losses from any high point for BCSKX and MADVX.

Drawdown Indicators

	BCSKX	MADVX	Difference
Max Drawdown Largest peak-to-trough decline	-30.34%	-50.00%	+19.66%
Max Drawdown (1Y) Largest decline over 1 year	-11.62%	-9.01%	-2.61%
Max Drawdown (3Y) Largest decline over 3 years	-11.62%	-15.22%	+3.60%
Max Drawdown (5Y) Largest decline over 5 years	-22.34%	-18.05%	-4.29%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.94%	—
Current Drawdown Current decline from peak	-4.72%	-0.22%	-4.50%
Average Drawdown Average peak-to-trough decline	-6.58%	-5.27%	-1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	2.11%	+1.36%

Volatility

BCSKX vs. MADVX - Volatility Comparison

The current volatility for BlackRock Commodity Strategies Fund Class K (BCSKX) is 3.20%, while BlackRock Equity Dividend Fund (MADVX) has a volatility of 3.39%. This indicates that BCSKX 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

	BCSKX	MADVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.20%	3.39%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	11.67%	9.42%	+2.25%
Volatility (1Y) Calculated over the trailing 1-year period	15.06%	11.84%	+3.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.71%	14.20%	+1.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.02%	16.30%	-1.28%

BCSKX vs. MADVX - Expense Ratio Comparison

BCSKX has a 0.67% expense ratio, which is lower than MADVX's 0.68% expense ratio.

Dividends

BCSKX vs. MADVX - Dividend Comparison

BCSKX's dividend yield for the trailing twelve months is around 14.54%, more than MADVX's 14.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BCSKX BlackRock Commodity Strategies Fund Class K	14.54%	3.13%	3.66%	9.45%	9.11%	2.72%	0.84%	2.08%	2.02%	0.00%	0.00%	0.00%
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 BCSKX and MADVX in my portfolio?

BCSKX and MADVX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BCSKX or MADVX?

MADVX has higher volatility (3.39%) compared to BCSKX (3.20%). In terms of maximum drawdown, BCSKX dropped -30.34% vs MADVX's -50.00%.

Which has better risk-adjusted returns?

BCSKX currently has the higher Sharpe Ratio (2.35 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.