MALOX vs. NDARX

Last updated Jun 23, 2026

MALOX (BlackRock Global Allocation Fund) and NDARX (American Funds Retirement Income Portfolio - Enhanced) are both mutual funds - MALOX is a Global Allocation fund managed by BlackRock, while NDARX is a Diversified Portfolio fund managed by American Funds. Over the past 10 years, MALOX returned 8.72%/yr vs 8.42%/yr for NDARX. Their correlation of 0.92 suggests significant overlap in exposure. MALOX charges 0.81%/yr vs 0.34%/yr for NDARX.

Performance

MALOX vs. NDARX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Global Allocation Fund (MALOX) and American Funds Retirement Income Portfolio - Enhanced (NDARX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MALOX achieves a 8.77% return, which is significantly higher than NDARX's 6.53% return. Both investments have delivered pretty close results over the past 10 years, with MALOX having a 8.72% annualized return and NDARX not far behind at 8.42%.

MALOX

• 1D: 0.59%
• 1M: 2.35%
• YTD: 8.77%
• 6M: 8.72%
• 1Y: 20.76%
• 3Y*: 14.30%
• 5Y*: 6.44%
• 10Y*: 8.72%

NDARX

• 1D: 0.31%
• 1M: 0.69%
• YTD: 6.53%
• 6M: 6.72%
• 1Y: 17.12%
• 3Y*: 13.95%
• 5Y*: 8.17%
• 10Y*: 8.42%

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

MALOX vs. NDARX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MALOX BlackRock Global Allocation Fund	8.77%	19.63%	9.23%	12.63%	-15.86%	6.69%	24.93%	17.56%	-7.40%	13.59%
NDARX American Funds Retirement Income Portfolio - Enhanced	6.53%	17.21%	11.68%	12.03%	-10.98%	15.09%	7.10%	17.88%	-4.99%	13.62%

Correlation

The correlation between MALOX and NDARX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.92

The correlation between MALOX and NDARX has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

Return for Risk

MALOX vs. NDARX — Risk / Return Rank

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

MALOX

MALOX Risk / Return Rank: 53
MALOX Sharpe Ratio Rank: 55
MALOX Sortino Ratio Rank: 56
MALOX Omega Ratio Rank: 54
MALOX Calmar Ratio Rank: 46
MALOX Martin Ratio Rank: 55

NDARX

NDARX Risk / Return Rank: 59
NDARX Sharpe Ratio Rank: 63
NDARX Sortino Ratio Rank: 62
NDARX Omega Ratio Rank: 64
NDARX Calmar Ratio Rank: 46
NDARX Martin Ratio Rank: 59

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.

MALOX vs. NDARX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Allocation Fund (MALOX) and American Funds Retirement Income Portfolio - Enhanced (NDARX). 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	NDARX	Difference
Sharpe ratio: Return per unit of total volatility	2.02	2.14	-0.12
Sortino ratio: Return per unit of downside risk	2.87	3.01	-0.14
Omega ratio: Gain probability vs. loss probability	1.37	1.40	-0.03
Calmar ratio: Return relative to maximum drawdown	2.47	2.48	-0.01
Martin ratio: Return relative to average drawdown	10.53	11.09	-0.55

MALOX vs. NDARX - Sharpe Ratio Comparison

The current MALOX Sharpe Ratio is 2.02, which is comparable to the NDARX Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of MALOX and NDARX, 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

MALOX vs. NDARX - Drawdown Comparison

The maximum MALOX drawdown since its inception was -32.83%, which is greater than NDARX's maximum drawdown of -23.62%. Use the drawdown chart below to compare losses from any high point for MALOX and NDARX.

Drawdown Indicators

	MALOX	NDARX	Difference
Max Drawdown Largest peak-to-trough decline	-32.83%	-23.62%	-9.21%
Max Drawdown (1Y) Largest decline over 1 year	-8.31%	-6.86%	-1.45%
Max Drawdown (3Y) Largest decline over 3 years	-10.04%	-9.18%	-0.86%
Max Drawdown (5Y) Largest decline over 5 years	-22.76%	-18.37%	-4.39%
Max Drawdown (10Y) Largest decline over 10 years	-22.76%	-23.62%	+0.86%
Current Drawdown Current decline from peak	-0.18%	-0.49%	+0.31%
Average Drawdown Average peak-to-trough decline	-3.92%	-3.08%	-0.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	1.53%	+0.42%

Volatility

MALOX vs. NDARX - Volatility Comparison

BlackRock Global Allocation Fund (MALOX) has a higher volatility of 4.10% compared to American Funds Retirement Income Portfolio - Enhanced (NDARX) at 2.77%. This indicates that MALOX's price experiences larger fluctuations and is considered to be riskier than NDARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MALOX	NDARX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.10%	2.77%	+1.33%
Volatility (6M) Calculated over the trailing 6-month period	8.63%	6.50%	+2.13%
Volatility (1Y) Calculated over the trailing 1-year period	10.20%	7.96%	+2.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.98%	9.54%	+1.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.76%	10.23%	+0.53%

MALOX vs. NDARX - Expense Ratio Comparison

MALOX has a 0.81% expense ratio, which is higher than NDARX's 0.34% expense ratio.

Dividends

MALOX vs. NDARX - Dividend Comparison

MALOX's dividend yield for the trailing twelve months is around 8.47%, more than NDARX's 4.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MALOX BlackRock Global Allocation Fund	8.47%	9.22%	7.68%	1.54%	6.01%	10.32%	10.15%	5.68%	5.50%	4.81%	2.10%	9.86%
NDARX American Funds Retirement Income Portfolio - Enhanced	4.91%	5.78%	3.07%	3.37%	5.60%	4.29%	2.91%	4.03%	4.29%	2.68%	2.86%	0.00%

Frequently Asked Questions

Can I hold both MALOX and NDARX in my portfolio?

With a correlation of 0.93, MALOX and NDARX 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, MALOX or NDARX?

MALOX has higher volatility (4.10%) compared to NDARX (2.77%). In terms of maximum drawdown, MALOX dropped -32.83% vs NDARX's -23.62%.

Which has better risk-adjusted returns?

NDARX currently has the higher Sharpe Ratio (2.14 vs 2.02), 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.