MARFX vs. DGRO
MARFX (BlackRock Mid-Cap Value Fund) and DGRO (iShares Core Dividend Growth ETF) are both funds - MARFX is a Mid Cap Value Equities fund managed by BlackRock, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Over the past 10 years, MARFX returned 11.28%/yr vs 13.44%/yr for DGRO. Their correlation of 0.89 means they have usually moved in the same direction. MARFX charges 0.74%/yr vs 0.08%/yr for DGRO.
Performance
MARFX vs. DGRO - Performance Comparison
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Returns By Period
In the year-to-date period, MARFX achieves a 16.41% return, which is significantly higher than DGRO's 13.39% return. Over the past 10 years, MARFX has underperformed DGRO with an annualized return of 11.28%, while DGRO has yielded a comparatively higher 13.44% annualized return.
MARFX
- 1D
- -0.34%
- 1M
- 2.02%
- 6M
- 12.75%
- YTD
- 16.41%
- 1Y
- 26.06%
- 3Y*
- 13.00%
- 5Y*
- 9.86%
- 10Y*
- 11.28%
- ALL TIME*
- 9.58%
DGRO
- 1D
- -0.28%
- 1M
- 0.97%
- 6M
- 9.59%
- YTD
- 13.39%
- 1Y
- 24.21%
- 3Y*
- 16.30%
- 5Y*
- 11.08%
- 10Y*
- 13.44%
- ALL TIME*
- 12.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $103.52M | $104.25M | $110.17M | |
| $0.00 | $0.00 | $0.00 |
MARFX vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MARFX BlackRock Mid-Cap Value Fund | 16.41% | 13.68% | 6.71% | 12.58% | -4.06% | 26.43% | 7.21% | 29.57% | -9.55% | 8.79% |
DGRO iShares Core Dividend Growth ETF | 13.39% | 15.69% | 16.62% | 10.47% | -7.91% | 26.64% | 9.50% | 29.87% | -2.38% | 23.00% |
Correlation
The correlation between MARFX and DGRO is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014 | 0.89 |
The correlation between MARFX and DGRO has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.
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Return for Risk
MARFX vs. DGRO — Risk / Return Rank
MARFX
DGRO
MARFX vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Mid-Cap Value Fund (MARFX) and iShares Core Dividend Growth ETF (DGRO). 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 | DGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.45 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 3.61 | -1.07 |
| Martin ratioReturn relative to average drawdown | 9.83 | 14.07 | -4.23 |
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Drawdowns
MARFX vs. DGRO - Drawdown Comparison
The maximum MARFX drawdown since its inception was -55.39%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for MARFX and DGRO.
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Drawdown Indicators
| MARFX | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.39% | -35.10% | -20.29% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -6.47% | -3.03% |
Max Drawdown (3Y)Largest decline over 3 years | -20.07% | -14.03% | -6.04% |
Max Drawdown (5Y)Largest decline over 5 years | -20.07% | -19.31% | -0.76% |
Max Drawdown (10Y)Largest decline over 10 years | -42.09% | -35.10% | -6.99% |
Current DrawdownCurrent decline from peak | -0.76% | -1.35% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -3.41% | -4.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 1.66% | +0.79% |
Volatility
MARFX vs. DGRO - Volatility Comparison
BlackRock Mid-Cap Value Fund (MARFX) and iShares Core Dividend Growth ETF (DGRO) have volatilities of 3.26% and 3.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MARFX | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 3.21% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 7.12% | +2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.18% | 9.61% | +3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 13.79% | +2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.89% | 16.58% | +2.31% |
MARFX vs. DGRO - Expense Ratio Comparison
MARFX has a 0.74% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Dividends
MARFX vs. DGRO - Dividend Comparison
MARFX's dividend yield for the trailing twelve months is around 9.17%, more than DGRO's 1.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 1.89% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
MARFX BlackRock Mid-Cap Value Fund | 9.17% | 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 DGRO have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MARFX has higher volatility (3.26%) compared to DGRO (3.21%). In terms of maximum drawdown, MARFX dropped -55.39% vs DGRO's -35.10%.
DGRO currently has the higher Sharpe Ratio (2.44 vs 1.83), 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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