MALOX vs. BTC-USD
MALOX (BlackRock Global Allocation Fund) is Global Allocation fund managed by BlackRock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, MALOX returned 8.19%/yr vs 58.69%/yr for BTC-USD. At a 0.14 correlation, their price movements are largely independent.
Performance
MALOX vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, MALOX achieves a 5.88% return, which is significantly higher than BTC-USD's -23.90% return. Over the past 10 years, MALOX has underperformed BTC-USD with an annualized return of 8.19%, while BTC-USD has yielded a comparatively higher 58.69% annualized return.
MALOX
- 1D
- -0.37%
- 1M
- -2.66%
- 6M
- 5.01%
- YTD
- 5.88%
- 1Y
- 14.01%
- 3Y*
- 12.81%
- 5Y*
- 5.67%
- 10Y*
- 8.19%
- ALL TIME*
- 8.95%
BTC-USD
- 1D
- 2.10%
- 1M
- 5.29%
- 6M
- -24.60%
- YTD
- -23.90%
- 1Y
- -43.30%
- 3Y*
- 30.74%
- 5Y*
- 15.58%
- 10Y*
- 58.69%
- ALL TIME*
- 89.03%
MALOX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MALOX BlackRock Global Allocation Fund | 5.88% | 19.63% | 9.23% | 12.63% | -15.86% | 6.69% | 24.93% | 17.56% | -7.40% | 13.59% |
BTC-USD Bitcoin | -23.90% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between MALOX and BTC-USD is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2012 | 0.14 |
Over the past year, MALOX and BTC-USD have become more correlated (0.36) than their long-term average of 0.14, meaning their price movements have been converging.
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Return for Risk
MALOX vs. BTC-USD — Risk / Return Rank
MALOX
BTC-USD
MALOX vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Allocation Fund (MALOX) and Bitcoin (BTC-USD). 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.
| MALOX | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.38 | ||
| Sortino ratioReturn per unit of downside risk | +3.45 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.85 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | -0.82 | +2.55 |
| Martin ratioReturn relative to average drawdown | 7.22 | -1.30 | +8.51 |
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Drawdowns
MALOX vs. BTC-USD - Drawdown Comparison
The maximum MALOX drawdown since its inception was -32.83%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for MALOX and BTC-USD.
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Drawdown Indicators
| MALOX | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.83% | -85.30% | +52.47% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -53.08% | +44.77% |
Max Drawdown (3Y)Largest decline over 3 years | -10.04% | -53.08% | +43.04% |
Max Drawdown (5Y)Largest decline over 5 years | -22.76% | -76.67% | +53.91% |
Max Drawdown (10Y)Largest decline over 10 years | -22.76% | -83.80% | +61.04% |
Current DrawdownCurrent decline from peak | -2.83% | -46.61% | +43.78% |
Average DrawdownAverage peak-to-trough decline | -3.91% | -42.62% | +38.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 27.11% | -25.12% |
Volatility
MALOX vs. BTC-USD - Volatility Comparison
The current volatility for BlackRock Global Allocation Fund (MALOX) is 3.01%, while Bitcoin (BTC-USD) has a volatility of 9.38%. This indicates that MALOX experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MALOX | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 9.38% | -6.37% |
Volatility (6M)Calculated over the trailing 6-month period | 8.93% | 34.69% | -25.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.49% | 35.80% | -25.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.00% | 43.84% | -32.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.73% | 56.33% | -45.60% |
Frequently Asked Questions
MALOX and BTC-USD have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (9.38%) compared to MALOX (3.01%). In terms of maximum drawdown, MALOX dropped -32.83% vs BTC-USD's -85.30%.
MALOX currently has the higher Sharpe Ratio (1.38 vs -1.01), 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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