MADVX vs. SPYD
Compare and contrast key facts about BlackRock Equity Dividend Fund (MADVX) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
MADVX is managed by BlackRock. It was launched on Nov 29, 1988. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015.
Performance
MADVX vs. SPYD - Performance Comparison
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MADVX vs. SPYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MADVX BlackRock Equity Dividend Fund | -1.25% | 21.70% | 6.98% | 12.71% | -3.97% | 20.13% | 4.03% | 27.58% | -7.15% | 16.31% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 5.92% | 4.65% | 15.34% | 3.91% | -1.17% | 32.73% | -11.64% | 21.20% | -4.89% | 12.67% |
Returns By Period
In the year-to-date period, MADVX achieves a -1.25% return, which is significantly lower than SPYD's 5.92% return. Over the past 10 years, MADVX has outperformed SPYD with an annualized return of 10.67%, while SPYD has yielded a comparatively lower 8.45% annualized return.
MADVX
- 1D
- 2.39%
- 1M
- -5.98%
- YTD
- -1.25%
- 6M
- 3.63%
- 1Y
- 15.09%
- 3Y*
- 12.71%
- 5Y*
- 8.28%
- 10Y*
- 10.67%
SPYD
- 1D
- -0.37%
- 1M
- -4.38%
- YTD
- 5.92%
- 6M
- 4.97%
- 1Y
- 7.58%
- 3Y*
- 11.05%
- 5Y*
- 7.71%
- 10Y*
- 8.45%
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MADVX vs. SPYD - Expense Ratio Comparison
MADVX has a 0.68% expense ratio, which is higher than SPYD's 0.07% expense ratio.
Return for Risk
MADVX vs. SPYD — Risk / Return Rank
MADVX
SPYD
MADVX vs. SPYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Equity Dividend Fund (MADVX) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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.
| MADVX | SPYD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 0.49 | +0.49 |
Sortino ratioReturn per unit of downside risk | 1.41 | 0.78 | +0.63 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.10 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 0.59 | +0.76 |
Martin ratioReturn relative to average drawdown | 5.76 | 2.09 | +3.67 |
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
| MADVX | SPYD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.49 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.48 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.43 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.45 | +0.20 |
Correlation
The correlation between MADVX and SPYD is 0.85, 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
MADVX vs. SPYD - Dividend Comparison
MADVX's dividend yield for the trailing twelve months is around 10.36%, more than SPYD's 4.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MADVX BlackRock Equity Dividend Fund | 10.36% | 10.23% | 8.58% | 7.08% | 13.50% | 12.15% | 6.35% | 13.15% | 14.04% | 14.38% | 7.98% | 18.44% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.38% | 4.52% | 4.31% | 4.66% | 5.01% | 3.68% | 4.95% | 4.42% | 4.75% | 4.63% | 4.34% | 1.13% |
Drawdowns
MADVX vs. SPYD - Drawdown Comparison
The maximum MADVX drawdown since its inception was -50.00%, which is greater than SPYD's maximum drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for MADVX and SPYD.
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Drawdown Indicators
| MADVX | SPYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.00% | -46.42% | -3.58% |
Max Drawdown (1Y)Largest decline over 1 year | -11.69% | -12.35% | +0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -18.05% | -22.25% | +4.20% |
Max Drawdown (10Y)Largest decline over 10 years | -35.94% | -46.42% | +10.48% |
Current DrawdownCurrent decline from peak | -6.84% | -4.70% | -2.14% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -6.24% | +0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 3.47% | -0.74% |
Volatility
MADVX vs. SPYD - Volatility Comparison
BlackRock Equity Dividend Fund (MADVX) has a higher volatility of 4.89% compared to SPDR Portfolio S&P 500 High Dividend ETF (SPYD) at 3.03%. This indicates that MADVX's price experiences larger fluctuations and is considered to be riskier than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MADVX | SPYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 3.03% | +1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 8.58% | 8.61% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.47% | 15.67% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.18% | 16.24% | -2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.29% | 19.80% | -3.51% |