MAEGX vs. AGOCX
MAEGX (BlackRock Unconstrained Equity Fund) and AGOCX (PGIM Jennison Global Equity Income Fund) are both Global Equities funds. Over the past 10 years, MAEGX returned 13.45%/yr vs 10.56%/yr for AGOCX. Their correlation of 0.84 suggests significant overlap in exposure. MAEGX charges 0.95%/yr vs 1.94%/yr for AGOCX.
Performance
MAEGX vs. AGOCX - Performance Comparison
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Returns By Period
In the year-to-date period, MAEGX achieves a 15.73% return, which is significantly lower than AGOCX's 18.91% return. Over the past 10 years, MAEGX has outperformed AGOCX with an annualized return of 13.45%, while AGOCX has yielded a comparatively lower 10.56% annualized return.
MAEGX
- 1D
- -0.11%
- 1M
- 0.44%
- YTD
- 15.73%
- 6M
- 14.64%
- 1Y
- 22.19%
- 3Y*
- 15.12%
- 5Y*
- 9.37%
- 10Y*
- 13.45%
AGOCX
- 1D
- 0.41%
- 1M
- 1.15%
- YTD
- 18.91%
- 6M
- 18.16%
- 1Y
- 33.23%
- 3Y*
- 21.58%
- 5Y*
- 11.98%
- 10Y*
- 10.56%
MAEGX vs. AGOCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAEGX BlackRock Unconstrained Equity Fund | 15.73% | 12.30% | 7.62% | 33.37% | -20.23% | 20.72% | 21.90% | 32.76% | -4.54% | 24.80% |
AGOCX PGIM Jennison Global Equity Income Fund | 18.91% | 23.91% | 13.75% | 9.41% | -11.69% | 20.27% | 5.72% | 21.02% | -7.69% | 14.68% |
Correlation
The correlation between MAEGX and AGOCX is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2005 | 0.84 |
The correlation between MAEGX and AGOCX shifts across timeframes, from 0.65 (3 years) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MAEGX vs. AGOCX — Risk / Return Rank
MAEGX
AGOCX
MAEGX vs. AGOCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Unconstrained Equity Fund (MAEGX) and PGIM Jennison Global Equity Income Fund (AGOCX). 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.
| MAEGX | AGOCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.48 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 3.97 | -2.23 |
| Martin ratioReturn relative to average drawdown | 7.04 | 15.95 | -8.92 |
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Drawdowns
MAEGX vs. AGOCX - Drawdown Comparison
The maximum MAEGX drawdown since its inception was -48.71%, smaller than the maximum AGOCX drawdown of -51.84%. Use the drawdown chart below to compare losses from any high point for MAEGX and AGOCX.
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Drawdown Indicators
| MAEGX | AGOCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.71% | -51.84% | +3.13% |
Max Drawdown (1Y)Largest decline over 1 year | -12.69% | -8.25% | -4.44% |
Max Drawdown (3Y)Largest decline over 3 years | -21.12% | -11.60% | -9.52% |
Max Drawdown (5Y)Largest decline over 5 years | -31.26% | -24.53% | -6.73% |
Max Drawdown (10Y)Largest decline over 10 years | -31.93% | -34.69% | +2.76% |
Current DrawdownCurrent decline from peak | -2.99% | -1.06% | -1.93% |
Average DrawdownAverage peak-to-trough decline | -7.61% | -7.85% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 2.05% | +1.09% |
Volatility
MAEGX vs. AGOCX - Volatility Comparison
BlackRock Unconstrained Equity Fund (MAEGX) has a higher volatility of 7.05% compared to PGIM Jennison Global Equity Income Fund (AGOCX) at 5.09%. This indicates that MAEGX's price experiences larger fluctuations and is considered to be riskier than AGOCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAEGX | AGOCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.05% | 5.09% | +1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 15.69% | 10.83% | +4.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.62% | 12.57% | +6.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.78% | 14.13% | +6.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.05% | 15.91% | +3.14% |
MAEGX vs. AGOCX - Expense Ratio Comparison
MAEGX has a 0.95% expense ratio, which is lower than AGOCX's 1.94% expense ratio.
Dividends
MAEGX vs. AGOCX - Dividend Comparison
MAEGX has not paid dividends to shareholders, while AGOCX's dividend yield for the trailing twelve months is around 8.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGOCX PGIM Jennison Global Equity Income Fund | 8.01% | 9.59% | 10.04% | 9.74% | 9.10% | 5.29% | 9.25% | 12.44% | 23.46% | 5.31% | 1.56% | 12.12% |
MAEGX BlackRock Unconstrained Equity Fund | 0.00% | 0.00% | 0.00% | 0.00% | 18.13% | 22.75% | 10.44% | 12.01% | 8.53% | 4.06% | 0.93% | 8.22% |
Frequently Asked Questions
MAEGX and AGOCX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAEGX has higher volatility (7.05%) compared to AGOCX (5.09%). In terms of maximum drawdown, MAEGX dropped -48.71% vs AGOCX's -51.84%.
AGOCX currently has the higher Sharpe Ratio (2.61 vs 1.19), 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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