MADCX vs. EEM
Compare and contrast key facts about BlackRock Emerging Markets Fund, Inc. (MADCX) and iShares MSCI Emerging Markets ETF (EEM).
MADCX is managed by BlackRock. It was launched on Aug 31, 1989. EEM is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Index. It was launched on Apr 11, 2003.
Performance
MADCX vs. EEM - Performance Comparison
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MADCX vs. EEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MADCX BlackRock Emerging Markets Fund, Inc. | -1.26% | 30.47% | -1.09% | 10.77% | -24.12% | -1.14% | 24.53% | 26.47% | -10.73% | 42.09% |
EEM iShares MSCI Emerging Markets ETF | 3.80% | 33.98% | 6.49% | 8.95% | -20.56% | -3.63% | 17.02% | 18.22% | -15.31% | 37.26% |
Returns By Period
In the year-to-date period, MADCX achieves a -1.26% return, which is significantly lower than EEM's 3.80% return. Over the past 10 years, MADCX has outperformed EEM with an annualized return of 8.35%, while EEM has yielded a comparatively lower 7.58% annualized return.
MADCX
- 1D
- -1.02%
- 1M
- -14.25%
- YTD
- -1.26%
- 6M
- 4.27%
- 1Y
- 29.16%
- 3Y*
- 10.44%
- 5Y*
- -0.01%
- 10Y*
- 8.35%
EEM
- 1D
- 3.73%
- 1M
- -9.25%
- YTD
- 3.80%
- 6M
- 7.87%
- 1Y
- 33.09%
- 3Y*
- 15.72%
- 5Y*
- 3.45%
- 10Y*
- 7.58%
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MADCX vs. EEM - Expense Ratio Comparison
MADCX has a 0.86% expense ratio, which is higher than EEM's 0.72% expense ratio.
Return for Risk
MADCX vs. EEM — Risk / Return Rank
MADCX
EEM
MADCX vs. EEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Emerging Markets Fund, Inc. (MADCX) and iShares MSCI Emerging Markets ETF (EEM). 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.
| MADCX | EEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.42 | 1.64 | -0.23 |
Sortino ratioReturn per unit of downside risk | 1.88 | 2.23 | -0.34 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.33 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 2.43 | -0.78 |
Martin ratioReturn relative to average drawdown | 7.10 | 9.41 | -2.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MADCX | EEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 1.64 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.19 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.37 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.35 | -0.01 |
Correlation
The correlation between MADCX and EEM is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MADCX vs. EEM - Dividend Comparison
MADCX's dividend yield for the trailing twelve months is around 4.31%, more than EEM's 2.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MADCX BlackRock Emerging Markets Fund, Inc. | 4.31% | 4.26% | 1.90% | 1.67% | 2.22% | 5.72% | 0.97% | 1.53% | 0.98% | 0.48% | 1.82% | 1.34% |
EEM iShares MSCI Emerging Markets ETF | 2.14% | 2.22% | 2.43% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.24% | 1.89% | 1.89% | 2.49% |
Drawdowns
MADCX vs. EEM - Drawdown Comparison
The maximum MADCX drawdown since its inception was -66.58%, roughly equal to the maximum EEM drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for MADCX and EEM.
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Drawdown Indicators
| MADCX | EEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.58% | -66.43% | -0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -15.57% | -13.52% | -2.05% |
Max Drawdown (5Y)Largest decline over 5 years | -40.70% | -37.82% | -2.88% |
Max Drawdown (10Y)Largest decline over 10 years | -43.82% | -39.82% | -4.00% |
Current DrawdownCurrent decline from peak | -15.57% | -10.30% | -5.27% |
Average DrawdownAverage peak-to-trough decline | -18.45% | -16.12% | -2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 3.49% | +0.13% |
Volatility
MADCX vs. EEM - Volatility Comparison
BlackRock Emerging Markets Fund, Inc. (MADCX) and iShares MSCI Emerging Markets ETF (EEM) have volatilities of 10.43% and 10.70%, 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
| MADCX | EEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.43% | 10.70% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 15.69% | 15.12% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.03% | 20.23% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.44% | 18.43% | -0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.25% | 20.32% | -2.07% |