MAEGX vs. WFSPX
MAEGX (BlackRock Unconstrained Equity Fund) and WFSPX (iShares S&P 500 Index Fund) are both mutual funds - MAEGX is a Global Equities fund managed by BlackRock, while WFSPX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, MAEGX returned 12.91%/yr vs 15.54%/yr for WFSPX. Their correlation of 0.89 suggests significant overlap in exposure. MAEGX charges 0.95%/yr vs 0.03%/yr for WFSPX.
Performance
MAEGX vs. WFSPX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MAEGX achieves a 15.16% return, which is significantly higher than WFSPX's 11.69% return. Over the past 10 years, MAEGX has underperformed WFSPX with an annualized return of 12.91%, while WFSPX has yielded a comparatively higher 15.54% annualized return.
MAEGX
- 1D
- 0.11%
- 1M
- 3.61%
- YTD
- 15.16%
- 6M
- 13.50%
- 1Y
- 23.67%
- 3Y*
- 14.90%
- 5Y*
- 10.07%
- 10Y*
- 12.91%
WFSPX
- 1D
- 0.13%
- 1M
- 5.80%
- YTD
- 11.69%
- 6M
- 11.72%
- 1Y
- 28.93%
- 3Y*
- 22.71%
- 5Y*
- 14.24%
- 10Y*
- 15.54%
MAEGX vs. WFSPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAEGX BlackRock Unconstrained Equity Fund | 15.16% | 12.30% | 7.62% | 33.37% | -20.23% | 20.72% | 21.90% | 32.76% | -4.54% | 24.80% |
WFSPX iShares S&P 500 Index Fund | 11.69% | 17.83% | 24.94% | 26.25% | -18.14% | 28.63% | 18.43% | 31.45% | -4.83% | 21.27% |
Correlation
The correlation between MAEGX and WFSPX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2005 | 0.89 |
The correlation between MAEGX and WFSPX has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MAEGX vs. WFSPX — Risk / Return Rank
MAEGX
WFSPX
MAEGX vs. WFSPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Unconstrained Equity Fund (MAEGX) and iShares S&P 500 Index Fund (WFSPX). 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.
| MAEGX | WFSPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.46 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 3.35 | -1.47 |
| Martin ratioReturn relative to average drawdown | 7.72 | 15.65 | -7.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MAEGX | WFSPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 2.52 | -1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.85 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.87 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.13 | +0.39 |
Drawdowns
MAEGX vs. WFSPX - Drawdown Comparison
The maximum MAEGX drawdown since its inception was -48.71%, smaller than the maximum WFSPX drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for MAEGX and WFSPX.
Loading charts...
Drawdown Indicators
| MAEGX | WFSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.71% | -58.21% | +9.50% |
Max Drawdown (1Y)Largest decline over 1 year | -12.69% | -8.90% | -3.79% |
Max Drawdown (3Y)Largest decline over 3 years | -21.12% | -18.74% | -2.38% |
Max Drawdown (5Y)Largest decline over 5 years | -31.26% | -24.51% | -6.75% |
Max Drawdown (10Y)Largest decline over 10 years | -31.93% | -33.74% | +1.81% |
Current DrawdownCurrent decline from peak | -1.42% | 0.00% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -7.63% | -12.77% | +5.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 1.90% | +1.18% |
Volatility
MAEGX vs. WFSPX - Volatility Comparison
BlackRock Unconstrained Equity Fund (MAEGX) has a higher volatility of 5.65% compared to iShares S&P 500 Index Fund (WFSPX) at 2.82%. This indicates that MAEGX's price experiences larger fluctuations and is considered to be riskier than WFSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MAEGX | WFSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.65% | 2.82% | +2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 14.66% | 8.97% | +5.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.66% | 11.85% | +5.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.59% | 16.88% | +3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.01% | 18.02% | +0.99% |
MAEGX vs. WFSPX - Expense Ratio Comparison
MAEGX has a 0.95% expense ratio, which is higher than WFSPX's 0.03% expense ratio.
Dividends
MAEGX vs. WFSPX - Dividend Comparison
MAEGX has not paid dividends to shareholders, while WFSPX's dividend yield for the trailing twelve months is around 1.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WFSPX iShares S&P 500 Index Fund | 1.56% | 1.72% | 1.41% | 1.50% | 2.02% | 1.82% | 1.66% | 1.99% | 2.00% | 1.62% | 2.37% | 2.49% |
Frequently Asked Questions
MAEGX and WFSPX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAEGX has higher volatility (5.65%) compared to WFSPX (2.82%). In terms of maximum drawdown, MAEGX dropped -48.71% vs WFSPX's -58.21%.
WFSPX currently has the higher Sharpe Ratio (2.52 vs 1.35), 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.
Find the right allocation for MAEGX and WFSPX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer