MARFX vs. AGG
MARFX (BlackRock Mid-Cap Value Fund) and AGG (iShares Core U.S. Aggregate Bond ETF) are both funds - MARFX is a Mid Cap Value Equities fund managed by BlackRock, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Over the past 10 years, MARFX returned 11.55%/yr vs 1.54%/yr for AGG. At a correlation of -0.13, they often move in opposite directions. MARFX charges 0.74%/yr vs 0.03%/yr for AGG.
Performance
MARFX vs. AGG - Performance Comparison
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Returns By Period
In the year-to-date period, MARFX achieves a 12.66% return, which is significantly higher than AGG's 0.47% return. Over the past 10 years, MARFX has outperformed AGG with an annualized return of 11.55%, while AGG has yielded a comparatively lower 1.54% annualized return.
MARFX
- 1D
- -0.04%
- 1M
- 4.38%
- YTD
- 12.66%
- 6M
- 11.98%
- 1Y
- 23.98%
- 3Y*
- 14.09%
- 5Y*
- 9.14%
- 10Y*
- 11.55%
AGG
- 1D
- 0.08%
- 1M
- 0.61%
- YTD
- 0.47%
- 6M
- 0.55%
- 1Y
- 4.33%
- 3Y*
- 3.96%
- 5Y*
- 0.07%
- 10Y*
- 1.54%
MARFX vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MARFX BlackRock Mid-Cap Value Fund | 12.66% | 13.68% | 6.71% | 12.58% | -4.06% | 26.43% | 7.21% | 29.57% | -9.55% | 8.79% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.47% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Correlation
The correlation between MARFX and AGG is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2003 | -0.13 |
The correlation between MARFX and AGG shifts across timeframes, from -0.13 (all time) to 0.41 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MARFX vs. AGG — Risk / Return Rank
MARFX
AGG
MARFX vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Mid-Cap Value Fund (MARFX) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
| MARFX | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.20 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 1.57 | +1.07 |
| Martin ratioReturn relative to average drawdown | 9.95 | 4.54 | +5.42 |
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Drawdowns
MARFX vs. AGG - Drawdown Comparison
The maximum MARFX drawdown since its inception was -55.39%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for MARFX and AGG.
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Drawdown Indicators
| MARFX | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.39% | -18.43% | -36.96% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -2.76% | -6.74% |
Max Drawdown (3Y)Largest decline over 3 years | -20.07% | -6.11% | -13.96% |
Max Drawdown (5Y)Largest decline over 5 years | -20.07% | -17.82% | -2.25% |
Max Drawdown (10Y)Largest decline over 10 years | -42.09% | -18.43% | -23.66% |
Current DrawdownCurrent decline from peak | -0.81% | -1.93% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -7.99% | -2.71% | -5.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 0.96% | +1.55% |
Volatility
MARFX vs. AGG - Volatility Comparison
BlackRock Mid-Cap Value Fund (MARFX) has a higher volatility of 4.28% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.10%. This indicates that MARFX's price experiences larger fluctuations and is considered to be riskier than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MARFX | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 1.10% | +3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 9.86% | 2.83% | +7.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.23% | 3.81% | +9.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.08% | 6.10% | +9.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.01% | 5.41% | +13.60% |
MARFX vs. AGG - Expense Ratio Comparison
MARFX has a 0.74% expense ratio, which is higher than AGG's 0.03% expense ratio.
Dividends
MARFX vs. AGG - Dividend Comparison
MARFX's dividend yield for the trailing twelve months is around 10.06%, more than AGG's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 3.98% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
MARFX BlackRock Mid-Cap Value Fund | 10.06% | 11.33% | 7.46% | 3.70% | 4.50% | 11.16% | 2.13% | 3.95% | 8.41% | 22.19% | 5.43% | 15.72% |
Frequently Asked Questions
MARFX and AGG have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MARFX has higher volatility (4.28%) compared to AGG (1.10%). In terms of maximum drawdown, MARFX dropped -55.39% vs AGG's -18.43%.
MARFX currently has the higher Sharpe Ratio (1.90 vs 1.14), 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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