IVV vs. MDFGX
IVV (iShares Core S&P 500 ETF) and MDFGX (BlackRock Capital Appreciation Fund) are both funds - IVV is a S&P 500 fund tracking the S&P 500 Index, while MDFGX is a Large Cap Growth Equities fund managed by BlackRock. Over the past 10 years, IVV returned 15.47%/yr vs 16.67%/yr for MDFGX. Their correlation of 0.91 suggests significant overlap in exposure. IVV charges 0.03%/yr vs 0.97%/yr for MDFGX.
Performance
IVV vs. MDFGX - Performance Comparison
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Returns By Period
In the year-to-date period, IVV achieves a 9.08% return, which is significantly higher than MDFGX's 8.54% return. Over the past 10 years, IVV has underperformed MDFGX with an annualized return of 15.47%, while MDFGX has yielded a comparatively higher 16.67% annualized return.
IVV
- 1D
- 0.55%
- 1M
- -0.85%
- YTD
- 9.08%
- 6M
- 9.43%
- 1Y
- 25.77%
- 3Y*
- 20.95%
- 5Y*
- 13.42%
- 10Y*
- 15.47%
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%
IVV vs. MDFGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVV iShares Core S&P 500 ETF | 9.08% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
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 IVV and MDFGX is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since May 19, 2000 | 0.91 |
The correlation between IVV and MDFGX has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
IVV vs. MDFGX — Risk / Return Rank
IVV
MDFGX
IVV vs. MDFGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 ETF (IVV) 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.
| IVV | MDFGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.19 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 1.14 | +1.62 |
| Martin ratioReturn relative to average drawdown | 12.43 | 3.80 | +8.63 |
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Drawdowns
IVV vs. MDFGX - Drawdown Comparison
The maximum IVV drawdown since its inception was -55.25%, which is greater than MDFGX's maximum drawdown of -47.99%. Use the drawdown chart below to compare losses from any high point for IVV and MDFGX.
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Drawdown Indicators
| IVV | MDFGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.25% | -47.99% | -7.26% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -16.74% | +7.85% |
Max Drawdown (3Y)Largest decline over 3 years | -18.75% | -24.43% | +5.68% |
Max Drawdown (5Y)Largest decline over 5 years | -24.53% | -42.49% | +17.96% |
Max Drawdown (10Y)Largest decline over 10 years | -33.90% | -42.49% | +8.59% |
Current DrawdownCurrent decline from peak | -2.35% | -6.14% | +3.79% |
Average DrawdownAverage peak-to-trough decline | -10.77% | -11.22% | +0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 4.99% | -3.02% |
Volatility
IVV vs. MDFGX - Volatility Comparison
The current volatility for iShares Core S&P 500 ETF (IVV) is 4.37%, while BlackRock Capital Appreciation Fund (MDFGX) has a volatility of 6.95%. This indicates that IVV 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
| IVV | MDFGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.37% | 6.95% | -2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 9.59% | 14.60% | -5.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.28% | 18.18% | -5.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 23.57% | -6.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 22.58% | -4.50% |
IVV vs. MDFGX - Expense Ratio Comparison
IVV has a 0.03% expense ratio, which is lower than MDFGX's 0.97% expense ratio.
Dividends
IVV vs. MDFGX - Dividend Comparison
IVV's dividend yield for the trailing twelve months is around 1.08%, less than MDFGX's 17.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVV iShares Core S&P 500 ETF | 1.08% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
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
With a correlation of 0.90, IVV and MDFGX 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.
MDFGX has higher volatility (6.95%) compared to IVV (4.37%). In terms of maximum drawdown, IVV dropped -55.25% vs MDFGX's -47.99%.
IVV currently has the higher Sharpe Ratio (2.00 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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