MADVX vs. BACAX
MADVX (BlackRock Equity Dividend Fund) and BACAX (BlackRock Energy Opportunities Fund) are both mutual funds - MADVX is a Large Cap Value Equities fund managed by BlackRock, while BACAX is a Energy Equities fund managed by BlackRock. Over the past 10 years, MADVX returned 11.95%/yr vs 9.18%/yr for BACAX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. MADVX charges 0.68%/yr vs 1.32%/yr for BACAX.
Performance
MADVX vs. BACAX - Performance Comparison
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Returns By Period
In the year-to-date period, MADVX achieves a 16.37% return, which is significantly lower than BACAX's 33.75% return. Over the past 10 years, MADVX has outperformed BACAX with an annualized return of 11.95%, while BACAX has yielded a comparatively lower 9.18% annualized return.
MADVX
- 1D
- 0.63%
- 1M
- 1.65%
- 6M
- 11.87%
- YTD
- 16.37%
- 1Y
- 29.35%
- 3Y*
- 16.18%
- 5Y*
- 11.19%
- 10Y*
- 11.95%
- ALL TIME*
- 10.16%
BACAX
- 1D
- 0.71%
- 1M
- 11.65%
- 6M
- 20.68%
- YTD
- 33.75%
- 1Y
- 42.22%
- 3Y*
- 15.51%
- 5Y*
- 21.53%
- 10Y*
- 9.18%
- ALL TIME*
- 5.65%
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 |
MADVX vs. BACAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MADVX BlackRock Equity Dividend Fund | 16.37% | 21.70% | 6.98% | 12.71% | -3.97% | 20.13% | 4.03% | 27.58% | -7.15% | 16.31% |
BACAX BlackRock Energy Opportunities Fund | 33.75% | 10.53% | 3.78% | 2.61% | 43.02% | 42.93% | -29.68% | 12.64% | -19.98% | 2.07% |
Correlation
The correlation between MADVX and BACAX is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.48 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2005 | 0.69 |
Over the past year, the correlation between MADVX and BACAX has dropped to 0.06 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
MADVX vs. BACAX — Risk / Return Rank
MADVX
BACAX
MADVX vs. BACAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Equity Dividend Fund (MADVX) and BlackRock Energy Opportunities Fund (BACAX). 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.
| MADVX | BACAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 3.06 | +0.05 |
| Martin ratioReturn relative to average drawdown | 13.29 | 9.08 | +4.21 |
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Drawdowns
MADVX vs. BACAX - Drawdown Comparison
The maximum MADVX drawdown since its inception was -50.00%, smaller than the maximum BACAX drawdown of -78.88%. Use the drawdown chart below to compare losses from any high point for MADVX and BACAX.
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Drawdown Indicators
| MADVX | BACAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.00% | -78.88% | +28.88% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -13.36% | +4.35% |
Max Drawdown (3Y)Largest decline over 3 years | -15.22% | -18.73% | +3.51% |
Max Drawdown (5Y)Largest decline over 5 years | -18.05% | -25.74% | +7.69% |
Max Drawdown (10Y)Largest decline over 10 years | -35.94% | -65.92% | +29.98% |
Current DrawdownCurrent decline from peak | 0.00% | -2.33% | +2.33% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -34.07% | +28.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 4.50% | -2.40% |
Volatility
MADVX vs. BACAX - Volatility Comparison
The current volatility for BlackRock Equity Dividend Fund (MADVX) is 3.39%, while BlackRock Energy Opportunities Fund (BACAX) has a volatility of 5.78%. This indicates that MADVX experiences smaller price fluctuations and is considered to be less risky than BACAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MADVX | BACAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 5.78% | -2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 9.43% | 14.79% | -5.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.84% | 17.98% | -6.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.20% | 23.36% | -9.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.30% | 27.14% | -10.84% |
MADVX vs. BACAX - Expense Ratio Comparison
MADVX has a 0.68% expense ratio, which is lower than BACAX's 1.32% expense ratio.
Dividends
MADVX vs. BACAX - Dividend Comparison
MADVX's dividend yield for the trailing twelve months is around 14.00%, more than BACAX's 1.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BACAX BlackRock Energy Opportunities Fund | 1.76% | 2.47% | 2.29% | 3.06% | 2.21% | 2.39% | 3.38% | 2.69% | 2.87% | 2.48% | 1.95% | 1.98% |
MADVX BlackRock Equity Dividend Fund | 14.00% | 10.23% | 8.58% | 7.08% | 13.50% | 12.15% | 6.35% | 13.15% | 14.04% | 14.38% | 7.98% | 18.44% |
Frequently Asked Questions
MADVX and BACAX have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BACAX has higher volatility (5.78%) compared to MADVX (3.39%). In terms of maximum drawdown, MADVX dropped -50.00% vs BACAX's -78.88%.
MADVX currently has the higher Sharpe Ratio (2.37 vs 2.27), 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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