BIAPX vs. MADVX

Last updated Aug 1, 2026

BIAPX (BlackRock 80/20 Target Allocation Fund) and MADVX (BlackRock Equity Dividend Fund) are both mutual funds - BIAPX is a Diversified Portfolio fund managed by BlackRock, while MADVX is a Large Cap Value Equities fund managed by BlackRock. Over the past 10 years, BIAPX returned 10.07%/yr vs 11.81%/yr for MADVX. Their correlation of 0.87 means they have usually moved in the same direction. BIAPX charges 0.10%/yr vs 0.68%/yr for MADVX.

Performance

BIAPX vs. MADVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock 80/20 Target Allocation Fund (BIAPX) 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, BIAPX achieves a 9.74% return, which is significantly lower than MADVX's 15.65% return. Over the past 10 years, BIAPX has underperformed MADVX with an annualized return of 10.07%, while MADVX has yielded a comparatively higher 11.81% annualized return.

BIAPX

• 1D: 1.98%
• 1M: -1.20%
• 6M: 7.23%
• YTD: 9.74%
• 1Y: 19.95%
• 3Y*: 12.49%
• 5Y*: 7.32%
• 10Y*: 10.07%
• ALL TIME*: 7.78%

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)
BIAPX BlackRock 80/20 Target Allocation Fund	$0.00	$0.00	$0.00
MADVX BlackRock Equity Dividend Fund	$0.00	$0.00	$0.00

BIAPX vs. MADVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BIAPX BlackRock 80/20 Target Allocation Fund	9.74%	18.33%	5.46%	19.20%	-16.15%	14.95%	19.50%	24.72%	-7.62%	17.47%
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 BIAPX and MADVX is 0.66, 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.	0.66
Correlation (3Y) Balances recent behavior with more history.	0.66
Correlation (5Y) Shows whether the relationship held over a longer period.	0.74
Correlation (10Y) Provides a long-term view across more market conditions.	0.76
Correlation (All Time) Calculated using the full available price history since Dec 26, 2006	0.87

Over the past year, the correlation between BIAPX and MADVX has dropped to 0.66 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.

Return for Risk

BIAPX vs. MADVX — Risk / Return Rank

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

BIAPX

BIAPX Risk / Return Rank: 66
BIAPX Sharpe Ratio Rank: 63
BIAPX Sortino Ratio Rank: 62
BIAPX Omega Ratio Rank: 61
BIAPX Calmar Ratio Rank: 67
BIAPX Martin Ratio Rank: 76

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.

BIAPX vs. MADVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock 80/20 Target Allocation Fund (BIAPX) 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.

	BIAPX	MADVX	Difference
Sharpe ratio: Return per unit of total volatility	1.49	2.20	-0.71
Sortino ratio: Return per unit of downside risk	2.14	3.06	-0.92
Omega ratio: Gain probability vs. loss probability	1.27	1.39	-0.12
Calmar ratio: Return relative to maximum drawdown	2.16	2.88	-0.72
Martin ratio: Return relative to average drawdown	9.10	12.34	-3.23

BIAPX vs. MADVX - Sharpe Ratio Comparison

The current BIAPX Sharpe Ratio is 1.49, which is lower than the MADVX Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of BIAPX 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

BIAPX vs. MADVX - Drawdown Comparison

The maximum BIAPX drawdown since its inception was -53.40%, which is greater than MADVX's maximum drawdown of -50.00%. Use the drawdown chart below to compare losses from any high point for BIAPX and MADVX.

Drawdown Indicators

	BIAPX	MADVX	Difference
Max Drawdown Largest peak-to-trough decline	-53.40%	-50.00%	-3.40%
Max Drawdown (1Y) Largest decline over 1 year	-8.64%	-9.01%	+0.37%
Max Drawdown (3Y) Largest decline over 3 years	-20.90%	-15.22%	-5.68%
Max Drawdown (5Y) Largest decline over 5 years	-23.29%	-18.05%	-5.24%
Max Drawdown (10Y) Largest decline over 10 years	-27.13%	-35.94%	+8.81%
Current Drawdown Current decline from peak	-2.69%	-0.22%	-2.47%
Average Drawdown Average peak-to-trough decline	-7.94%	-5.27%	-2.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	2.11%	-0.06%

Volatility

BIAPX vs. MADVX - Volatility Comparison

BlackRock 80/20 Target Allocation Fund (BIAPX) has a higher volatility of 3.90% compared to BlackRock Equity Dividend Fund (MADVX) at 3.39%. This indicates that BIAPX'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.

Volatility by Period

	BIAPX	MADVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	3.39%	+0.51%
Volatility (6M) Calculated over the trailing 6-month period	10.89%	9.42%	+1.47%
Volatility (1Y) Calculated over the trailing 1-year period	12.56%	11.84%	+0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.72%	14.20%	+0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.07%	16.30%	-2.23%

BIAPX vs. MADVX - Expense Ratio Comparison

BIAPX has a 0.10% expense ratio, which is lower than MADVX's 0.68% expense ratio.

Dividends

BIAPX vs. MADVX - Dividend Comparison

BIAPX's dividend yield for the trailing twelve months is around 5.45%, less than MADVX's 14.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIAPX BlackRock 80/20 Target Allocation Fund	5.45%	5.98%	0.00%	4.28%	2.30%	6.04%	2.07%	2.49%	6.26%	3.12%	1.67%	13.86%
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 BIAPX and MADVX in my portfolio?

BIAPX and MADVX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BIAPX or MADVX?

BIAPX has higher volatility (3.90%) compared to MADVX (3.39%). In terms of maximum drawdown, BIAPX dropped -53.40% vs MADVX's -50.00%.

Which has better risk-adjusted returns?

MADVX currently has the higher Sharpe Ratio (2.20 vs 1.49), 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.