MADVX vs. DGRO
MADVX (BlackRock Equity Dividend Fund) and DGRO (iShares Core Dividend Growth ETF) are both funds - MADVX is a Large Cap Value Equities fund managed by BlackRock, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Over the past 10 years, MADVX returned 11.81%/yr vs 13.44%/yr for DGRO. Their correlation of 0.93 means they have usually moved in the same direction. MADVX charges 0.68%/yr vs 0.08%/yr for DGRO.
Performance
MADVX vs. DGRO - Performance Comparison
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Returns By Period
In the year-to-date period, MADVX achieves a 15.65% return, which is significantly higher than DGRO's 13.39% return. Over the past 10 years, MADVX has underperformed DGRO with an annualized return of 11.81%, while DGRO has yielded a comparatively higher 13.44% annualized return.
MADVX
- 1D
- 0.90%
- 1M
- 1.02%
- 6M
- 11.69%
- YTD
- 15.65%
- 1Y
- 28.55%
- 3Y*
- 15.84%
- 5Y*
- 11.05%
- 10Y*
- 11.81%
- ALL TIME*
- 10.14%
DGRO
- 1D
- -0.28%
- 1M
- 0.97%
- 6M
- 9.59%
- YTD
- 13.39%
- 1Y
- 24.21%
- 3Y*
- 16.30%
- 5Y*
- 11.08%
- 10Y*
- 13.44%
- ALL TIME*
- 12.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $103.52M | $104.25M | $110.17M | |
| $0.00 | $0.00 | $0.00 |
MADVX vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MADVX BlackRock Equity Dividend Fund | 15.65% | 21.70% | 6.98% | 12.71% | -3.97% | 20.13% | 4.03% | 27.58% | -7.15% | 16.31% |
DGRO iShares Core Dividend Growth ETF | 13.39% | 15.69% | 16.62% | 10.47% | -7.91% | 26.64% | 9.50% | 29.87% | -2.38% | 23.00% |
Correlation
The correlation between MADVX and DGRO is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.86 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014 | 0.93 |
The correlation between MADVX and DGRO has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.
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Return for Risk
MADVX vs. DGRO — Risk / Return Rank
MADVX
DGRO
MADVX vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Equity Dividend Fund (MADVX) and iShares Core Dividend Growth ETF (DGRO). 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 | DGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.45 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 3.61 | -0.72 |
| Martin ratioReturn relative to average drawdown | 12.34 | 14.07 | -1.73 |
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Drawdowns
MADVX vs. DGRO - Drawdown Comparison
The maximum MADVX drawdown since its inception was -50.00%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for MADVX and DGRO.
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Drawdown Indicators
| MADVX | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.00% | -35.10% | -14.90% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -6.47% | -2.54% |
Max Drawdown (3Y)Largest decline over 3 years | -15.22% | -14.03% | -1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -18.05% | -19.31% | +1.26% |
Max Drawdown (10Y)Largest decline over 10 years | -35.94% | -35.10% | -0.84% |
Current DrawdownCurrent decline from peak | -0.22% | -1.35% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -3.41% | -1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 1.66% | +0.45% |
Volatility
MADVX vs. DGRO - Volatility Comparison
BlackRock Equity Dividend Fund (MADVX) has a higher volatility of 3.39% compared to iShares Core Dividend Growth ETF (DGRO) at 3.21%. This indicates that MADVX's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MADVX | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 3.21% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 9.42% | 7.12% | +2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.84% | 9.61% | +2.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.20% | 13.79% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.30% | 16.58% | -0.28% |
MADVX vs. DGRO - Expense Ratio Comparison
MADVX has a 0.68% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Dividends
MADVX vs. DGRO - Dividend Comparison
MADVX's dividend yield for the trailing twelve months is around 14.09%, more than DGRO's 1.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 1.89% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
MADVX BlackRock Equity Dividend Fund | 14.09% | 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 DGRO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MADVX has higher volatility (3.39%) compared to DGRO (3.21%). In terms of maximum drawdown, MADVX dropped -50.00% vs DGRO's -35.10%.
DGRO currently has the higher Sharpe Ratio (2.44 vs 2.20), 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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