MALOX vs. EMXC
MALOX (BlackRock Global Allocation Fund) and EMXC (iShares MSCI Emerging Markets ex China ETF) are both funds - MALOX is a Global Allocation fund managed by BlackRock, while EMXC is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ex China Index. Over the past 5 years, MALOX returned 5.62%/yr vs 12.14%/yr for EMXC. A 0.77 correlation means they provide meaningful diversification when combined. MALOX charges 0.81%/yr vs 0.49%/yr for EMXC.
Performance
MALOX vs. EMXC - Performance Comparison
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Returns By Period
In the year-to-date period, MALOX achieves a 6.67% return, which is significantly lower than EMXC's 37.25% return.
MALOX
- 1D
- 1.82%
- 1M
- 0.37%
- YTD
- 6.67%
- 6M
- 7.72%
- 1Y
- 17.20%
- 3Y*
- 13.96%
- 5Y*
- 5.62%
- 10Y*
- 8.57%
EMXC
- 1D
- 0.55%
- 1M
- 3.75%
- YTD
- 37.25%
- 6M
- 42.23%
- 1Y
- 65.26%
- 3Y*
- 26.47%
- 5Y*
- 12.14%
- 10Y*
- —
MALOX vs. EMXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MALOX BlackRock Global Allocation Fund | 6.67% | 19.63% | 9.23% | 12.63% | -15.86% | 6.69% | 24.93% | 17.56% | -7.40% | 3.94% |
EMXC iShares MSCI Emerging Markets ex China ETF | 37.25% | 35.14% | 2.68% | 18.96% | -19.56% | 8.54% | 12.76% | 15.80% | -12.96% | 7.16% |
Correlation
The correlation between MALOX and EMXC is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2017 | 0.77 |
The correlation between MALOX and EMXC has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.
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Return for Risk
MALOX vs. EMXC — Risk / Return Rank
MALOX
EMXC
MALOX vs. EMXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Allocation Fund (MALOX) and iShares MSCI Emerging Markets ex China ETF (EMXC). 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 | EMXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.50 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 4.55 | -2.39 |
| Martin ratioReturn relative to average drawdown | 9.17 | 17.51 | -8.34 |
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Drawdowns
MALOX vs. EMXC - Drawdown Comparison
The maximum MALOX drawdown since its inception was -32.83%, smaller than the maximum EMXC drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for MALOX and EMXC.
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Drawdown Indicators
| MALOX | EMXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.83% | -42.81% | +9.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -14.41% | +6.10% |
Max Drawdown (3Y)Largest decline over 3 years | -10.04% | -19.12% | +9.08% |
Max Drawdown (5Y)Largest decline over 5 years | -22.76% | -28.91% | +6.15% |
Max Drawdown (10Y)Largest decline over 10 years | -22.76% | — | — |
Current DrawdownCurrent decline from peak | -1.45% | -4.12% | +2.67% |
Average DrawdownAverage peak-to-trough decline | -3.92% | -10.17% | +6.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 3.74% | -1.79% |
Volatility
MALOX vs. EMXC - Volatility Comparison
The current volatility for BlackRock Global Allocation Fund (MALOX) is 4.13%, while iShares MSCI Emerging Markets ex China ETF (EMXC) has a volatility of 12.83%. This indicates that MALOX experiences smaller price fluctuations and is considered to be less risky than EMXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MALOX | EMXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 12.83% | -8.70% |
Volatility (6M)Calculated over the trailing 6-month period | 8.50% | 21.90% | -13.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.10% | 23.90% | -13.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.96% | 18.00% | -7.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.75% | 20.07% | -9.32% |
MALOX vs. EMXC - Expense Ratio Comparison
MALOX has a 0.81% expense ratio, which is higher than EMXC's 0.49% expense ratio.
Dividends
MALOX vs. EMXC - Dividend Comparison
MALOX's dividend yield for the trailing twelve months is around 8.64%, more than EMXC's 2.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMXC iShares MSCI Emerging Markets ex China ETF | 2.05% | 2.82% | 2.69% | 1.83% | 2.85% | 1.78% | 1.45% | 3.25% | 2.63% | 0.99% | 0.00% | 0.00% |
MALOX BlackRock Global Allocation Fund | 8.64% | 9.22% | 7.68% | 1.54% | 6.01% | 10.32% | 10.15% | 5.68% | 5.50% | 4.81% | 2.10% | 9.86% |
Frequently Asked Questions
MALOX and EMXC have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMXC has higher volatility (12.83%) compared to MALOX (4.13%). In terms of maximum drawdown, MALOX dropped -32.83% vs EMXC's -42.81%.
EMXC currently has the higher Sharpe Ratio (2.74 vs 1.77), 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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