MALRX vs. ASFYX

Last updated Aug 5, 2026

MALRX (BlackRock Advantage Large Cap Core Fund) and ASFYX (Virtus AlphaSimplex Managed Futures Strategy Fund Class I) are both mutual funds - MALRX is a Large Cap Blend Equities fund managed by BlackRock, while ASFYX is a Systematic Trend fund actively managed by Virtus. Over the past 10 years, MALRX returned 15.48%/yr vs 2.20%/yr for ASFYX. Their 0.21 correlation means their historical movements had little consistent relationship. MALRX charges 0.48%/yr vs 1.45%/yr for ASFYX.

Performance

MALRX vs. ASFYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Advantage Large Cap Core Fund (MALRX) and Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MALRX achieves a 16.12% return, which is significantly higher than ASFYX's 9.56% return. Over the past 10 years, MALRX has outperformed ASFYX with an annualized return of 15.48%, while ASFYX has yielded a comparatively lower 2.20% annualized return.

MALRX

• 1D: 1.44%
• 1M: 3.02%
• 6M: 14.14%
• YTD: 16.12%
• 1Y: 29.15%
• 3Y*: 23.84%
• 5Y*: 13.65%
• 10Y*: 15.48%
• ALL TIME*: 9.37%

ASFYX

• 1D: -0.82%
• 1M: 1.07%
• 6M: 4.05%
• YTD: 9.56%
• 1Y: 20.76%
• 3Y*: -2.85%
• 5Y*: 2.28%
• 10Y*: 2.20%
• ALL TIME*: 3.84%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ASFYX Virtus AlphaSimplex Managed Futures Strategy Fund Class I	$0.00	$0.00	$0.00
MALRX BlackRock Advantage Large Cap Core Fund	$0.00	$0.00	$0.00

MALRX vs. ASFYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MALRX BlackRock Advantage Large Cap Core Fund	16.12%	20.30%	25.65%	25.62%	-20.10%	28.00%	19.96%	29.16%	-5.39%	20.30%
ASFYX Virtus AlphaSimplex Managed Futures Strategy Fund Class I	9.56%	-9.67%	-3.22%	-10.33%	35.67%	3.52%	13.59%	8.99%	-12.59%	6.78%

Correlation

The correlation between MALRX and ASFYX is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.42
Correlation (3Y) Balances recent behavior with more history.	0.32
Correlation (5Y) Shows whether the relationship held over a longer period.	0.15
Correlation (10Y) Provides a long-term view across more market conditions.	0.22
Correlation (All Time) Calculated using the full available price history since Aug 3, 2010	0.21

Over the past year, MALRX and ASFYX have become more correlated (0.42) than their long-term average of 0.21, meaning their price movements have been converging.

Return for Risk

MALRX vs. ASFYX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MALRX

MALRX Risk / Return Rank: 89
MALRX Sharpe Ratio Rank: 90
MALRX Sortino Ratio Rank: 87
MALRX Omega Ratio Rank: 83
MALRX Calmar Ratio Rank: 89
MALRX Martin Ratio Rank: 95

ASFYX

ASFYX Risk / Return Rank: 63
ASFYX Sharpe Ratio Rank: 65
ASFYX Sortino Ratio Rank: 57
ASFYX Omega Ratio Rank: 55
ASFYX Calmar Ratio Rank: 82
ASFYX Martin Ratio Rank: 56

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MALRX vs. ASFYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Advantage Large Cap Core Fund (MALRX) and Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX). 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.

	MALRX	ASFYX	Difference
Sharpe ratio: Return per unit of total volatility	2.35	1.69	+0.65
Sortino ratio: Return per unit of downside risk	3.22	2.26	+0.96
Omega ratio: Gain probability vs. loss probability	1.41	1.29	+0.12
Calmar ratio: Return relative to maximum drawdown	3.64	2.88	+0.76
Martin ratio: Return relative to average drawdown	17.22	8.15	+9.07

MALRX vs. ASFYX - Sharpe Ratio Comparison

The current MALRX Sharpe Ratio is 2.35, which is higher than the ASFYX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of MALRX and ASFYX, 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

MALRX vs. ASFYX - Drawdown Comparison

The maximum MALRX drawdown since its inception was -54.29%, which is greater than ASFYX's maximum drawdown of -36.43%. Use the drawdown chart below to compare losses from any high point for MALRX and ASFYX.

Drawdown Indicators

	MALRX	ASFYX	Difference
Max Drawdown Largest peak-to-trough decline	-54.29%	-36.43%	-17.86%
Max Drawdown (1Y) Largest decline over 1 year	-8.61%	-7.42%	-1.19%
Max Drawdown (3Y) Largest decline over 3 years	-19.61%	-30.32%	+10.71%
Max Drawdown (5Y) Largest decline over 5 years	-26.18%	-36.43%	+10.25%
Max Drawdown (10Y) Largest decline over 10 years	-34.30%	-36.43%	+2.13%
Current Drawdown Current decline from peak	0.00%	-22.26%	+22.26%
Average Drawdown Average peak-to-trough decline	-11.34%	-13.26%	+1.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	2.62%	-0.80%

Volatility

MALRX vs. ASFYX - Volatility Comparison

BlackRock Advantage Large Cap Core Fund (MALRX) has a higher volatility of 3.98% compared to Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) at 3.06%. This indicates that MALRX's price experiences larger fluctuations and is considered to be riskier than ASFYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MALRX	ASFYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	3.06%	+0.92%
Volatility (6M) Calculated over the trailing 6-month period	10.68%	9.34%	+1.34%
Volatility (1Y) Calculated over the trailing 1-year period	13.37%	12.63%	+0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.49%	13.80%	+3.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.38%	12.73%	+5.65%

MALRX vs. ASFYX - Expense Ratio Comparison

MALRX has a 0.48% expense ratio, which is lower than ASFYX's 1.45% expense ratio.

Dividends

MALRX vs. ASFYX - Dividend Comparison

MALRX's dividend yield for the trailing twelve months is around 8.35%, more than ASFYX's 1.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASFYX Virtus AlphaSimplex Managed Futures Strategy Fund Class I	1.39%	1.52%	1.46%	0.99%	32.48%	6.07%	3.40%	5.51%	1.30%	0.07%	0.01%	5.06%
MALRX BlackRock Advantage Large Cap Core Fund	8.35%	8.61%	14.11%	0.97%	6.51%	19.52%	4.76%	4.06%	10.11%	36.43%	6.02%	3.09%

Frequently Asked Questions

Can I hold both MALRX and ASFYX in my portfolio?

MALRX and ASFYX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MALRX or ASFYX?

MALRX has higher volatility (3.98%) compared to ASFYX (3.06%). In terms of maximum drawdown, MALRX dropped -54.29% vs ASFYX's -36.43%.

Which has better risk-adjusted returns?

MALRX currently has the higher Sharpe Ratio (2.35 vs 1.69), 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.