FGEAX vs. MDGCX
FGEAX (Fidelity Advisor Global Capital Appreciation Fund Class A) and MDGCX (BlackRock Advantage Global Fund, Inc.) are both Global Equities funds. Over the past 10 years, FGEAX returned 12.86%/yr vs 11.89%/yr for MDGCX. Their correlation of 0.89 means they have usually moved in the same direction. FGEAX charges 1.15%/yr vs 0.96%/yr for MDGCX.
Performance
FGEAX vs. MDGCX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FGEAX achieves a 9.91% return, which is significantly lower than MDGCX's 16.19% return. Over the past 10 years, FGEAX has outperformed MDGCX with an annualized return of 12.86%, while MDGCX has yielded a comparatively lower 11.89% annualized return.
FGEAX
- 1D
- 3.28%
- 1M
- -2.50%
- 6M
- 6.28%
- YTD
- 9.91%
- 1Y
- 20.67%
- 3Y*
- 23.61%
- 5Y*
- 12.84%
- 10Y*
- 12.86%
- ALL TIME*
- 7.57%
MDGCX
- 1D
- 2.42%
- 1M
- 0.69%
- 6M
- 10.71%
- YTD
- 16.19%
- 1Y
- 31.45%
- 3Y*
- 18.22%
- 5Y*
- 10.79%
- 10Y*
- 11.89%
- ALL TIME*
- 11.33%
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 |
FGEAX vs. MDGCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGEAX Fidelity Advisor Global Capital Appreciation Fund Class A | 9.91% | 17.85% | 38.32% | 28.50% | -24.70% | 18.91% | 24.36% | 22.81% | -18.25% | 30.07% |
MDGCX BlackRock Advantage Global Fund, Inc. | 16.19% | 23.61% | 10.87% | 22.43% | -17.94% | 17.52% | 15.61% | 25.54% | -11.73% | 23.41% |
Correlation
The correlation between FGEAX and MDGCX is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 1998 | 0.89 |
The correlation between FGEAX and MDGCX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FGEAX vs. MDGCX — Risk / Return Rank
FGEAX
MDGCX
FGEAX vs. MDGCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Global Capital Appreciation Fund Class A (FGEAX) and BlackRock Advantage Global Fund, Inc. (MDGCX). 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.
| FGEAX | MDGCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 3.65 | -2.24 |
| Martin ratioReturn relative to average drawdown | 5.20 | 13.57 | -8.37 |
Loading charts...
Drawdowns
FGEAX vs. MDGCX - Drawdown Comparison
The maximum FGEAX drawdown since its inception was -61.78%, which is greater than MDGCX's maximum drawdown of -48.25%. Use the drawdown chart below to compare losses from any high point for FGEAX and MDGCX.
Loading charts...
Drawdown Indicators
| FGEAX | MDGCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.78% | -48.25% | -13.53% |
Max Drawdown (1Y)Largest decline over 1 year | -13.03% | -8.07% | -4.96% |
Max Drawdown (3Y)Largest decline over 3 years | -19.43% | -21.46% | +2.03% |
Max Drawdown (5Y)Largest decline over 5 years | -32.93% | -26.68% | -6.25% |
Max Drawdown (10Y)Largest decline over 10 years | -33.04% | -34.87% | +1.83% |
Current DrawdownCurrent decline from peak | -5.30% | -3.02% | -2.28% |
Average DrawdownAverage peak-to-trough decline | -13.22% | -9.89% | -3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 2.17% | +1.35% |
Volatility
FGEAX vs. MDGCX - Volatility Comparison
Fidelity Advisor Global Capital Appreciation Fund Class A (FGEAX) has a higher volatility of 6.07% compared to BlackRock Advantage Global Fund, Inc. (MDGCX) at 4.35%. This indicates that FGEAX's price experiences larger fluctuations and is considered to be riskier than MDGCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FGEAX | MDGCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 4.35% | +1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 16.23% | 11.60% | +4.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.12% | 14.02% | +5.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.38% | 16.34% | +3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.72% | 17.14% | +1.58% |
FGEAX vs. MDGCX - Expense Ratio Comparison
FGEAX has a 1.15% expense ratio, which is higher than MDGCX's 0.96% expense ratio.
Dividends
FGEAX vs. MDGCX - Dividend Comparison
FGEAX's dividend yield for the trailing twelve months is around 8.80%, more than MDGCX's 7.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGEAX Fidelity Advisor Global Capital Appreciation Fund Class A | 8.80% | 9.67% | 14.80% | 6.42% | 0.00% | 8.01% | 0.00% | 0.40% | 10.62% | 13.66% | 1.03% | 0.57% |
MDGCX BlackRock Advantage Global Fund, Inc. | 7.67% | 8.91% | 7.78% | 1.42% | 1.75% | 16.75% | 3.77% | 1.73% | 4.06% | 34.82% | 0.65% | 5.18% |
Frequently Asked Questions
With a correlation of 0.93, FGEAX and MDGCX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FGEAX has higher volatility (6.07%) compared to MDGCX (4.35%). In terms of maximum drawdown, FGEAX dropped -61.78% vs MDGCX's -48.25%.
MDGCX currently has the higher Sharpe Ratio (2.10 vs 0.96), 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.
Find the right allocation for FGEAX and MDGCX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer