MADVX vs. BACIX

Last updated Aug 4, 2026

MADVX (BlackRock Equity Dividend Fund) and BACIX (BlackRock Energy Opportunities Fund) are both mutual funds - MADVX is a Large Cap Value Equities fund managed by BlackRock, while BACIX is a Energy Equities fund managed by BlackRock. Over the past 10 years, MADVX returned 11.95%/yr vs 9.63%/yr for BACIX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. MADVX charges 0.68%/yr vs 0.91%/yr for BACIX.

Performance

MADVX vs. BACIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Equity Dividend Fund (MADVX) and BlackRock Energy Opportunities Fund (BACIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MADVX achieves a 16.37% return, which is significantly lower than BACIX's 34.01% return. Over the past 10 years, MADVX has outperformed BACIX with an annualized return of 11.95%, while BACIX has yielded a comparatively lower 9.63% 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%

BACIX

• 1D: 0.74%
• 1M: 11.72%
• 6M: 20.90%
• YTD: 34.01%
• 1Y: 42.86%
• 3Y*: 15.98%
• 5Y*: 22.04%
• 10Y*: 9.63%
• ALL TIME*: 6.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BACIX BlackRock Energy Opportunities Fund	$0.00	$0.00	$0.00
MADVX BlackRock Equity Dividend Fund	$0.00	$0.00	$0.00

MADVX vs. BACIX - 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%
BACIX BlackRock Energy Opportunities Fund	34.01%	11.03%	4.23%	2.97%	43.64%	43.50%	-29.38%	13.04%	-19.55%	2.47%

Correlation

The correlation between MADVX and BACIX 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 BACIX has dropped to 0.06 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

Return for Risk

MADVX vs. BACIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MADVX

MADVX Risk / Return Rank: 88
MADVX Sharpe Ratio Rank: 92
MADVX Sortino Ratio Rank: 88
MADVX Omega Ratio Rank: 85
MADVX Calmar Ratio Rank: 86
MADVX Martin Ratio Rank: 91

BACIX

BACIX Risk / Return Rank: 82
BACIX Sharpe Ratio Rank: 90
BACIX Sortino Ratio Rank: 82
BACIX Omega Ratio Rank: 80
BACIX Calmar Ratio Rank: 86
BACIX Martin Ratio Rank: 71

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MADVX vs. BACIX - 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 (BACIX). 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	BACIX	Difference
Sharpe ratio: Return per unit of total volatility	2.37	2.30	+0.07
Sortino ratio: Return per unit of downside risk	3.28	2.93	+0.35
Omega ratio: Gain probability vs. loss probability	1.42	1.38	+0.05
Calmar ratio: Return relative to maximum drawdown	3.10	3.13	-0.02
Martin ratio: Return relative to average drawdown	13.29	9.31	+3.97

MADVX vs. BACIX - Sharpe Ratio Comparison

The current MADVX Sharpe Ratio is 2.37, which is comparable to the BACIX Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of MADVX and BACIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MADVX vs. BACIX - Drawdown Comparison

The maximum MADVX drawdown since its inception was -50.00%, smaller than the maximum BACIX drawdown of -77.81%. Use the drawdown chart below to compare losses from any high point for MADVX and BACIX.

Drawdown Indicators

	MADVX	BACIX	Difference
Max Drawdown Largest peak-to-trough decline	-50.00%	-77.81%	+27.81%
Max Drawdown (1Y) Largest decline over 1 year	-9.01%	-13.24%	+4.23%
Max Drawdown (3Y) Largest decline over 3 years	-15.22%	-18.44%	+3.22%
Max Drawdown (5Y) Largest decline over 5 years	-18.05%	-25.76%	+7.71%
Max Drawdown (10Y) Largest decline over 10 years	-35.94%	-65.65%	+29.71%
Current Drawdown Current decline from peak	0.00%	-2.16%	+2.16%
Average Drawdown Average peak-to-trough decline	-5.27%	-32.17%	+26.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	4.45%	-2.35%

Volatility

MADVX vs. BACIX - Volatility Comparison

The current volatility for BlackRock Equity Dividend Fund (MADVX) is 3.39%, while BlackRock Energy Opportunities Fund (BACIX) has a volatility of 5.77%. This indicates that MADVX experiences smaller price fluctuations and is considered to be less risky than BACIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MADVX	BACIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	5.77%	-2.38%
Volatility (6M) Calculated over the trailing 6-month period	9.43%	14.76%	-5.33%
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%	23.33%	-9.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.30%	27.13%	-10.83%

MADVX vs. BACIX - Expense Ratio Comparison

MADVX has a 0.68% expense ratio, which is lower than BACIX's 0.91% expense ratio.

Dividends

MADVX vs. BACIX - Dividend Comparison

MADVX's dividend yield for the trailing twelve months is around 14.00%, more than BACIX's 2.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BACIX BlackRock Energy Opportunities Fund	2.03%	2.79%	2.63%	3.39%	2.49%	2.67%	3.66%	3.06%	3.43%	2.76%	2.38%	2.51%
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

Can I hold both MADVX and BACIX in my portfolio?

MADVX and BACIX 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.

Which is riskier, MADVX or BACIX?

BACIX has higher volatility (5.77%) compared to MADVX (3.39%). In terms of maximum drawdown, MADVX dropped -50.00% vs BACIX's -77.81%.

Which has better risk-adjusted returns?

MADVX currently has the higher Sharpe Ratio (2.37 vs 2.30), 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.