MALOX vs. IEF
MALOX (BlackRock Global Allocation Fund) and IEF (iShares 7-10 Year Treasury Bond ETF) are both funds - MALOX is a Global Allocation fund managed by BlackRock, while IEF is a Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index. Over the past 10 years, MALOX returned 8.57%/yr vs 0.59%/yr for IEF. At a correlation of -0.14, they often move in opposite directions. MALOX charges 0.81%/yr vs 0.15%/yr for IEF.
Performance
MALOX vs. IEF - Performance Comparison
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Returns By Period
In the year-to-date period, MALOX achieves a 6.67% return, which is significantly higher than IEF's -0.47% return. Over the past 10 years, MALOX has outperformed IEF with an annualized return of 8.57%, while IEF has yielded a comparatively lower 0.59% annualized 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%
IEF
- 1D
- -0.17%
- 1M
- 0.19%
- YTD
- -0.47%
- 6M
- -0.18%
- 1Y
- 3.39%
- 3Y*
- 2.86%
- 5Y*
- -1.24%
- 10Y*
- 0.59%
MALOX vs. IEF - 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% | 13.59% |
IEF iShares 7-10 Year Treasury Bond ETF | -0.47% | 8.03% | -0.63% | 3.64% | -15.15% | -3.33% | 10.01% | 8.03% | 0.99% | 2.55% |
Correlation
The correlation between MALOX and IEF is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2002 | -0.14 |
The correlation between MALOX and IEF shifts across timeframes, from -0.14 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MALOX vs. IEF — Risk / Return Rank
MALOX
IEF
MALOX vs. IEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Allocation Fund (MALOX) and iShares 7-10 Year Treasury Bond ETF (IEF). 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 | IEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.12 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 0.84 | +1.32 |
| Martin ratioReturn relative to average drawdown | 9.17 | 2.35 | +6.82 |
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Drawdowns
MALOX vs. IEF - Drawdown Comparison
The maximum MALOX drawdown since its inception was -32.83%, which is greater than IEF's maximum drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for MALOX and IEF.
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Drawdown Indicators
| MALOX | IEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.83% | -23.93% | -8.90% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -4.07% | -4.24% |
Max Drawdown (3Y)Largest decline over 3 years | -10.04% | -7.74% | -2.30% |
Max Drawdown (5Y)Largest decline over 5 years | -22.76% | -21.40% | -1.36% |
Max Drawdown (10Y)Largest decline over 10 years | -22.76% | -23.93% | +1.17% |
Current DrawdownCurrent decline from peak | -1.45% | -11.18% | +9.73% |
Average DrawdownAverage peak-to-trough decline | -3.92% | -5.35% | +1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 1.45% | +0.50% |
Volatility
MALOX vs. IEF - Volatility Comparison
BlackRock Global Allocation Fund (MALOX) has a higher volatility of 4.13% compared to iShares 7-10 Year Treasury Bond ETF (IEF) at 1.62%. This indicates that MALOX's price experiences larger fluctuations and is considered to be riskier than IEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MALOX | IEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 1.62% | +2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 8.50% | 3.42% | +5.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.10% | 4.72% | +5.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.96% | 7.71% | +3.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.75% | 6.63% | +4.12% |
MALOX vs. IEF - Expense Ratio Comparison
MALOX has a 0.81% expense ratio, which is higher than IEF's 0.15% expense ratio.
Dividends
MALOX vs. IEF - Dividend Comparison
MALOX's dividend yield for the trailing twelve months is around 8.64%, more than IEF's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | 3.89% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
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 IEF have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MALOX has higher volatility (4.13%) compared to IEF (1.62%). In terms of maximum drawdown, MALOX dropped -32.83% vs IEF's -23.93%.
MALOX currently has the higher Sharpe Ratio (1.77 vs 0.72), 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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