MADVX vs. SWLVX

Last updated Aug 5, 2026

MADVX (BlackRock Equity Dividend Fund Institutional Shares) and SWLVX (Schwab U.S. Large-Cap Value Index Fund) are both Large Cap Value Equities funds. MADVX is actively managed, while SWLVX is passively managed. Over the past 5 years, MADVX returned 11.66%/yr vs 12.09%/yr for SWLVX. Their 0.96 correlation means they have historically moved very closely together. MADVX charges 0.71%/yr vs 0.04%/yr for SWLVX.

Performance

MADVX vs. SWLVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Equity Dividend Fund Institutional Shares (MADVX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MADVX achieves a 17.98% return, which is significantly lower than SWLVX's 21.77% return.

MADVX

• 1D: 1.38%
• 1M: 3.05%
• 6M: 12.88%
• YTD: 17.98%
• 1Y: 29.84%
• 3Y*: 17.18%
• 5Y*: 11.66%
• 10Y*: 11.92%
• ALL TIME*: 10.19%

SWLVX

• 1D: 0.97%
• 1M: 2.91%
• 6M: 15.38%
• YTD: 21.77%
• 1Y: 32.75%
• 3Y*: 18.98%
• 5Y*: 12.09%
• 10Y*: —
• ALL TIME*: 11.11%

*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)
MADVX BlackRock Equity Dividend Fund Institutional Shares	$0.00	$0.00	$0.00
SWLVX Schwab U.S. Large-Cap Value Index Fund	$0.00	$0.00	$0.00

MADVX vs. SWLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MADVX BlackRock Equity Dividend Fund Institutional Shares	17.98%	21.70%	6.98%	12.71%	-3.97%	20.13%	4.03%	27.58%	-7.15%	-0.04%
SWLVX Schwab U.S. Large-Cap Value Index Fund	21.77%	15.87%	14.36%	11.45%	-7.61%	25.15%	2.64%	26.49%	-8.39%	0.30%

Correlation

The correlation between MADVX and SWLVX is 0.95, 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.	0.95
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (All Time) Calculated using the full available price history since Dec 19, 2017	0.96

The correlation between MADVX and SWLVX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

MADVX vs. SWLVX — Risk / Return Rank

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

MADVX

MADVX Risk / Return Rank: 92
MADVX Sharpe Ratio Rank: 96
MADVX Sortino Ratio Rank: 94
MADVX Omega Ratio Rank: 91
MADVX Calmar Ratio Rank: 89
MADVX Martin Ratio Rank: 93

SWLVX

SWLVX Risk / Return Rank: 97
SWLVX Sharpe Ratio Rank: 98
SWLVX Sortino Ratio Rank: 97
SWLVX Omega Ratio Rank: 95
SWLVX Calmar Ratio Rank: 97
SWLVX Martin Ratio Rank: 98

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. SWLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Equity Dividend Fund Institutional Shares (MADVX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX). 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	SWLVX	Difference
Sharpe ratio: Return per unit of total volatility	2.65	3.03	-0.38
Sortino ratio: Return per unit of downside risk	3.66	4.21	-0.55
Omega ratio: Gain probability vs. loss probability	1.47	1.55	-0.07
Calmar ratio: Return relative to maximum drawdown	3.47	5.02	-1.55
Martin ratio: Return relative to average drawdown	14.87	21.59	-6.72

MADVX vs. SWLVX - Sharpe Ratio Comparison

The current MADVX Sharpe Ratio is 2.65, which is comparable to the SWLVX Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of MADVX and SWLVX, 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. SWLVX - Drawdown Comparison

The maximum MADVX drawdown since its inception was -50.00%, which is greater than SWLVX's maximum drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for MADVX and SWLVX.

Drawdown Indicators

	MADVX	SWLVX	Difference
Max Drawdown Largest peak-to-trough decline	-50.00%	-38.34%	-11.66%
Max Drawdown (1Y) Largest decline over 1 year	-9.01%	-6.82%	-2.19%
Max Drawdown (3Y) Largest decline over 3 years	-15.22%	-15.61%	+0.39%
Max Drawdown (5Y) Largest decline over 5 years	-18.05%	-19.05%	+1.00%
Max Drawdown (10Y) Largest decline over 10 years	-35.94%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.27%	-4.75%	-0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	1.58%	+0.52%

Volatility

MADVX vs. SWLVX - Volatility Comparison

BlackRock Equity Dividend Fund Institutional Shares (MADVX) has a higher volatility of 3.45% compared to Schwab U.S. Large-Cap Value Index Fund (SWLVX) at 2.80%. This indicates that MADVX's price experiences larger fluctuations and is considered to be riskier than SWLVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MADVX	SWLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.45%	2.80%	+0.65%
Volatility (6M) Calculated over the trailing 6-month period	9.51%	8.80%	+0.71%
Volatility (1Y) Calculated over the trailing 1-year period	11.81%	11.34%	+0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.22%	14.86%	-0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.31%	18.46%	-2.15%

MADVX vs. SWLVX - Expense Ratio Comparison

MADVX has a 0.71% expense ratio, which is higher than SWLVX's 0.04% expense ratio.

Dividends

MADVX vs. SWLVX - Dividend Comparison

MADVX's dividend yield for the trailing twelve months is around 13.81%, more than SWLVX's 1.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MADVX BlackRock Equity Dividend Fund Institutional Shares	13.81%	10.23%	8.58%	7.08%	13.50%	12.15%	6.35%	13.15%	14.04%	14.38%	7.98%	18.44%
SWLVX Schwab U.S. Large-Cap Value Index Fund	1.66%	2.02%	2.75%	2.56%	2.29%	4.86%	2.00%	4.35%	1.87%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MADVX and SWLVX in my portfolio?

With a correlation of 0.95, MADVX and SWLVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MADVX or SWLVX?

MADVX has higher volatility (3.45%) compared to SWLVX (2.80%). In terms of maximum drawdown, MADVX dropped -50.00% vs SWLVX's -38.34%.

Which has better risk-adjusted returns?

SWLVX currently has the higher Sharpe Ratio (3.03 vs 2.65), 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.