GCEYX vs. MDGCX
GCEYX (AB Global Core Equity Portfolio) and MDGCX (BlackRock Advantage Global Fund, Inc.) are both Global Equities funds. Over the past 10 years, GCEYX returned 9.01%/yr vs 12.39%/yr for MDGCX. Their correlation of 0.92 suggests significant overlap in exposure. GCEYX charges 0.79%/yr vs 0.96%/yr for MDGCX.
Performance
GCEYX vs. MDGCX - Performance Comparison
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Returns By Period
In the year-to-date period, GCEYX achieves a 5.58% return, which is significantly lower than MDGCX's 18.00% return. Over the past 10 years, GCEYX has underperformed MDGCX with an annualized return of 9.01%, while MDGCX has yielded a comparatively higher 12.39% annualized return.
GCEYX
- 1D
- 1.37%
- 1M
- 0.38%
- YTD
- 5.58%
- 6M
- 6.06%
- 1Y
- 2.21%
- 3Y*
- 8.51%
- 5Y*
- 3.29%
- 10Y*
- 9.01%
MDGCX
- 1D
- 0.80%
- 1M
- 1.84%
- YTD
- 18.00%
- 6M
- 18.34%
- 1Y
- 38.42%
- 3Y*
- 20.17%
- 5Y*
- 11.76%
- 10Y*
- 12.39%
GCEYX vs. MDGCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GCEYX AB Global Core Equity Portfolio | 5.58% | 4.28% | 10.11% | 19.88% | -20.16% | 14.73% | 10.35% | 27.70% | -5.12% | 25.51% |
MDGCX BlackRock Advantage Global Fund, Inc. | 18.00% | 23.61% | 10.87% | 22.43% | -17.94% | 17.52% | 15.61% | 25.54% | -11.73% | 23.41% |
Correlation
The correlation between GCEYX and MDGCX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.92 |
The correlation between GCEYX and MDGCX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
GCEYX vs. MDGCX — Risk / Return Rank
GCEYX
MDGCX
GCEYX vs. MDGCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Global Core Equity Portfolio (GCEYX) 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.
| GCEYX | MDGCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.78 | ||
| Sortino ratioReturn per unit of downside risk | -3.57 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.52 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 4.72 | -4.64 |
| Martin ratioReturn relative to average drawdown | 0.22 | 20.69 | -20.47 |
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Drawdowns
GCEYX vs. MDGCX - Drawdown Comparison
The maximum GCEYX drawdown since its inception was -33.47%, smaller than the maximum MDGCX drawdown of -48.25%. Use the drawdown chart below to compare losses from any high point for GCEYX and MDGCX.
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Drawdown Indicators
| GCEYX | MDGCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.47% | -48.25% | +14.78% |
Max Drawdown (1Y)Largest decline over 1 year | -18.35% | -8.07% | -10.28% |
Max Drawdown (3Y)Largest decline over 3 years | -18.35% | -21.46% | +3.11% |
Max Drawdown (5Y)Largest decline over 5 years | -32.17% | -26.68% | -5.49% |
Max Drawdown (10Y)Largest decline over 10 years | -33.47% | -34.87% | +1.40% |
Current DrawdownCurrent decline from peak | -5.74% | -1.51% | -4.23% |
Average DrawdownAverage peak-to-trough decline | -6.40% | -9.92% | +3.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.15% | 1.84% | +5.31% |
Volatility
GCEYX vs. MDGCX - Volatility Comparison
AB Global Core Equity Portfolio (GCEYX) and BlackRock Advantage Global Fund, Inc. (MDGCX) have volatilities of 5.47% and 5.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GCEYX | MDGCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.47% | 5.33% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 11.72% | 11.02% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.48% | 13.31% | +4.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 16.26% | +0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.43% | 17.28% | +0.15% |
GCEYX vs. MDGCX - Expense Ratio Comparison
GCEYX has a 0.79% expense ratio, which is lower than MDGCX's 0.96% expense ratio.
Dividends
GCEYX vs. MDGCX - Dividend Comparison
GCEYX has not paid dividends to shareholders, while MDGCX's dividend yield for the trailing twelve months is around 7.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GCEYX AB Global Core Equity Portfolio | 0.00% | 0.00% | 2.77% | 1.05% | 4.34% | 1.86% | 0.78% | 3.40% | 2.91% | 4.67% | 1.00% | 1.19% |
MDGCX BlackRock Advantage Global Fund, Inc. | 7.55% | 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
GCEYX and MDGCX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GCEYX has higher volatility (5.47%) compared to MDGCX (5.33%). In terms of maximum drawdown, GCEYX dropped -33.47% vs MDGCX's -48.25%.
MDGCX currently has the higher Sharpe Ratio (2.86 vs 0.09), 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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