MAFOX vs. VONG

Last updated Jun 23, 2026

MAFOX (BlackRock Large Cap Focus Growth Fund) and VONG (Vanguard Russell 1000 Growth ETF) are both Large Cap Growth Equities funds. Over the past 10 years, MAFOX returned 17.46%/yr vs 18.58%/yr for VONG. Their correlation of 0.94 suggests significant overlap in exposure. MAFOX charges 0.67%/yr vs 0.06%/yr for VONG.

Performance

MAFOX vs. VONG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Large Cap Focus Growth Fund (MAFOX) and Vanguard Russell 1000 Growth ETF (VONG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAFOX achieves a 11.67% return, which is significantly higher than VONG's 3.18% return. Over the past 10 years, MAFOX has underperformed VONG with an annualized return of 17.46%, while VONG has yielded a comparatively higher 18.58% annualized return.

MAFOX

• 1D: 1.39%
• 1M: 0.85%
• YTD: 11.67%
• 6M: 11.02%
• 1Y: 24.21%
• 3Y*: 23.22%
• 5Y*: 11.21%
• 10Y*: 17.46%

VONG

• 1D: -1.24%
• 1M: -2.46%
• YTD: 3.18%
• 6M: 2.49%
• 1Y: 21.21%
• 3Y*: 22.53%
• 5Y*: 13.53%
• 10Y*: 18.58%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MAFOX vs. VONG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MAFOX BlackRock Large Cap Focus Growth Fund	11.67%	12.76%	31.11%	52.63%	-38.05%	17.13%	46.85%	31.16%	3.63%	29.90%
VONG Vanguard Russell 1000 Growth ETF	3.18%	18.45%	33.20%	42.67%	-29.18%	27.60%	38.30%	36.06%	-1.53%	30.05%

Correlation

The correlation between MAFOX and VONG is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010	0.94

The correlation between MAFOX and VONG has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

Return for Risk

MAFOX vs. VONG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MAFOX

MAFOX Risk / Return Rank: 21
MAFOX Sharpe Ratio Rank: 24
MAFOX Sortino Ratio Rank: 21
MAFOX Omega Ratio Rank: 23
MAFOX Calmar Ratio Rank: 18
MAFOX Martin Ratio Rank: 20

VONG

VONG Risk / Return Rank: 34
VONG Sharpe Ratio Rank: 38
VONG Sortino Ratio Rank: 36
VONG Omega Ratio Rank: 36
VONG Calmar Ratio Rank: 27
VONG Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MAFOX vs. VONG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Large Cap Focus Growth Fund (MAFOX) and Vanguard Russell 1000 Growth ETF (VONG). 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.

	MAFOX	VONG	Difference
Sharpe ratio: Return per unit of total volatility	1.30	1.32	-0.03
Sortino ratio: Return per unit of downside risk	1.78	1.83	-0.05
Omega ratio: Gain probability vs. loss probability	1.23	1.23	0.00
Calmar ratio: Return relative to maximum drawdown	1.42	1.31	+0.11
Martin ratio: Return relative to average drawdown	4.68	4.30	+0.38

MAFOX vs. VONG - Sharpe Ratio Comparison

The current MAFOX Sharpe Ratio is 1.30, which is comparable to the VONG Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of MAFOX and VONG, 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

MAFOX vs. VONG - Drawdown Comparison

The maximum MAFOX drawdown since its inception was -89.93%, which is greater than VONG's maximum drawdown of -32.72%. Use the drawdown chart below to compare losses from any high point for MAFOX and VONG.

Drawdown Indicators

	MAFOX	VONG	Difference
Max Drawdown Largest peak-to-trough decline	-89.93%	-32.72%	-57.21%
Max Drawdown (1Y) Largest decline over 1 year	-16.70%	-16.23%	-0.47%
Max Drawdown (3Y) Largest decline over 3 years	-24.48%	-23.27%	-1.21%
Max Drawdown (5Y) Largest decline over 5 years	-42.39%	-32.72%	-9.67%
Max Drawdown (10Y) Largest decline over 10 years	-42.39%	-32.72%	-9.67%
Current Drawdown Current decline from peak	-3.56%	-5.33%	+1.77%
Average Drawdown Average peak-to-trough decline	-54.13%	-4.88%	-49.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.07%	4.95%	+0.12%

Volatility

MAFOX vs. VONG - Volatility Comparison

BlackRock Large Cap Focus Growth Fund (MAFOX) has a higher volatility of 7.23% compared to Vanguard Russell 1000 Growth ETF (VONG) at 5.86%. This indicates that MAFOX's price experiences larger fluctuations and is considered to be riskier than VONG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAFOX	VONG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.23%	5.86%	+1.37%
Volatility (6M) Calculated over the trailing 6-month period	14.70%	12.54%	+2.16%
Volatility (1Y) Calculated over the trailing 1-year period	18.33%	16.12%	+2.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.75%	21.44%	+2.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.75%	20.94%	+1.81%

MAFOX vs. VONG - Expense Ratio Comparison

MAFOX has a 0.67% expense ratio, which is higher than VONG's 0.06% expense ratio.

Dividends

MAFOX vs. VONG - Dividend Comparison

MAFOX's dividend yield for the trailing twelve months is around 14.35%, more than VONG's 0.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MAFOX BlackRock Large Cap Focus Growth Fund	14.35%	16.03%	4.04%	3.05%	2.01%	11.20%	0.53%	5.45%	4.43%	4.06%	0.00%	4.66%
VONG Vanguard Russell 1000 Growth ETF	0.46%	0.45%	0.55%	0.71%	0.98%	0.58%	0.77%	1.03%	1.18%	1.19%	1.48%	1.47%

Frequently Asked Questions

Can I hold both MAFOX and VONG in my portfolio?

With a correlation of 0.96, MAFOX and VONG 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, MAFOX or VONG?

MAFOX has higher volatility (7.23%) compared to VONG (5.86%). In terms of maximum drawdown, MAFOX dropped -89.93% vs VONG's -32.72%.

Which has better risk-adjusted returns?

VONG currently has the higher Sharpe Ratio (1.32 vs 1.30), 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.