IVLU vs. MDFGX
IVLU (iShares MSCI International Value Factor ETF) and MDFGX (BlackRock Capital Appreciation Fund) are both funds - IVLU is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Enhanced Value Index, while MDFGX is a Large Cap Growth Equities fund managed by BlackRock. Over the past 10 years, IVLU returned 11.63%/yr vs 16.67%/yr for MDFGX. A 0.55 correlation means they provide meaningful diversification when combined. IVLU charges 0.30%/yr vs 0.97%/yr for MDFGX.
Performance
IVLU vs. MDFGX - Performance Comparison
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Returns By Period
In the year-to-date period, IVLU achieves a 12.96% return, which is significantly higher than MDFGX's 8.54% return. Over the past 10 years, IVLU has underperformed MDFGX with an annualized return of 11.63%, while MDFGX has yielded a comparatively higher 16.67% annualized return.
IVLU
- 1D
- 0.56%
- 1M
- 0.66%
- YTD
- 12.96%
- 6M
- 14.33%
- 1Y
- 35.32%
- 3Y*
- 23.53%
- 5Y*
- 14.06%
- 10Y*
- 11.63%
MDFGX
- 1D
- 2.30%
- 1M
- -3.72%
- YTD
- 8.54%
- 6M
- 10.22%
- 1Y
- 20.45%
- 3Y*
- 22.77%
- 5Y*
- 10.48%
- 10Y*
- 16.67%
IVLU vs. MDFGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVLU iShares MSCI International Value Factor ETF | 12.96% | 46.09% | 6.76% | 20.07% | -5.73% | 15.60% | -4.50% | 15.60% | -15.10% | 23.10% |
MDFGX BlackRock Capital Appreciation Fund | 8.54% | 12.63% | 31.58% | 48.77% | -37.83% | 20.78% | 40.16% | 31.89% | 1.81% | 32.37% |
Correlation
The correlation between IVLU and MDFGX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2015 | 0.55 |
The correlation between IVLU and MDFGX has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.
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Return for Risk
IVLU vs. MDFGX — Risk / Return Rank
IVLU
MDFGX
IVLU vs. MDFGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI International Value Factor ETF (IVLU) and BlackRock Capital Appreciation Fund (MDFGX). 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.
| IVLU | MDFGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.19 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 1.14 | +1.77 |
| Martin ratioReturn relative to average drawdown | 11.01 | 3.80 | +7.20 |
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Drawdowns
IVLU vs. MDFGX - Drawdown Comparison
The maximum IVLU drawdown since its inception was -41.85%, smaller than the maximum MDFGX drawdown of -47.99%. Use the drawdown chart below to compare losses from any high point for IVLU and MDFGX.
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Drawdown Indicators
| IVLU | MDFGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.85% | -47.99% | +6.14% |
Max Drawdown (1Y)Largest decline over 1 year | -11.69% | -16.74% | +5.05% |
Max Drawdown (3Y)Largest decline over 3 years | -15.48% | -24.43% | +8.95% |
Max Drawdown (5Y)Largest decline over 5 years | -26.04% | -42.49% | +16.45% |
Max Drawdown (10Y)Largest decline over 10 years | -41.85% | -42.49% | +0.64% |
Current DrawdownCurrent decline from peak | -0.53% | -6.14% | +5.61% |
Average DrawdownAverage peak-to-trough decline | -8.57% | -11.22% | +2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 4.99% | -1.90% |
Volatility
IVLU vs. MDFGX - Volatility Comparison
The current volatility for iShares MSCI International Value Factor ETF (IVLU) is 5.44%, while BlackRock Capital Appreciation Fund (MDFGX) has a volatility of 6.95%. This indicates that IVLU experiences smaller price fluctuations and is considered to be less risky than MDFGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVLU | MDFGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 6.95% | -1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 12.85% | 14.60% | -1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.65% | 18.18% | -2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 23.57% | -6.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.66% | 22.58% | -4.92% |
IVLU vs. MDFGX - Expense Ratio Comparison
IVLU has a 0.30% expense ratio, which is lower than MDFGX's 0.97% expense ratio.
Dividends
IVLU vs. MDFGX - Dividend Comparison
IVLU's dividend yield for the trailing twelve months is around 3.28%, less than MDFGX's 17.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVLU iShares MSCI International Value Factor ETF | 3.28% | 3.71% | 4.46% | 4.69% | 3.59% | 3.47% | 2.05% | 3.53% | 2.82% | 2.87% | 2.53% | 0.93% |
MDFGX BlackRock Capital Appreciation Fund | 17.98% | 19.51% | 12.73% | 3.59% | 9.46% | 12.95% | 5.46% | 10.67% | 14.31% | 12.51% | 4.01% | 11.22% |
Frequently Asked Questions
IVLU and MDFGX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDFGX has higher volatility (6.95%) compared to IVLU (5.44%). In terms of maximum drawdown, IVLU dropped -41.85% vs MDFGX's -47.99%.
IVLU currently has the higher Sharpe Ratio (2.17 vs 1.05), 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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