MDCPX vs. FFANX
MDCPX (BlackRock Balanced Capital Fund Investor A Shares) and FFANX (Fidelity Asset Manager 40% Fund) are both Diversified Portfolio funds from BlackRock. Over the past 10 years, MDCPX returned 10.43%/yr vs 6.99%/yr for FFANX. Their correlation of 0.92 suggests significant overlap in exposure. MDCPX charges 0.78%/yr vs 0.52%/yr for FFANX.
Performance
MDCPX vs. FFANX - Performance Comparison
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Returns By Period
In the year-to-date period, MDCPX achieves a 8.00% return, which is significantly higher than FFANX's 7.45% return. Over the past 10 years, MDCPX has outperformed FFANX with an annualized return of 10.43%, while FFANX has yielded a comparatively lower 6.99% annualized return.
MDCPX
- 1D
- -0.27%
- 1M
- 0.79%
- YTD
- 8.00%
- 6M
- 7.64%
- 1Y
- 18.65%
- 3Y*
- 14.41%
- 5Y*
- 8.21%
- 10Y*
- 10.43%
FFANX
- 1D
- -0.13%
- 1M
- 1.41%
- YTD
- 7.45%
- 6M
- 7.31%
- 1Y
- 16.42%
- 3Y*
- 11.28%
- 5Y*
- 5.36%
- 10Y*
- 6.99%
MDCPX vs. FFANX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDCPX BlackRock Balanced Capital Fund Investor A Shares | 8.00% | 15.32% | 12.47% | 16.59% | -15.70% | 16.49% | 15.07% | 21.59% | -3.48% | 14.24% |
FFANX Fidelity Asset Manager 40% Fund | 7.45% | 13.16% | 7.40% | 11.52% | -13.62% | 8.03% | 13.10% | 15.81% | -4.06% | 11.25% |
Correlation
The correlation between MDCPX and FFANX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2007 | 0.92 |
The correlation between MDCPX and FFANX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
MDCPX vs. FFANX — Risk / Return Rank
MDCPX
FFANX
MDCPX vs. FFANX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Balanced Capital Fund Investor A Shares (MDCPX) and Fidelity Asset Manager 40% Fund (FFANX). 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.
| MDCPX | FFANX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.47 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 3.27 | -0.14 |
| Martin ratioReturn relative to average drawdown | 13.22 | 13.95 | -0.73 |
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Drawdowns
MDCPX vs. FFANX - Drawdown Comparison
The maximum MDCPX drawdown since its inception was -41.98%, which is greater than FFANX's maximum drawdown of -31.69%. Use the drawdown chart below to compare losses from any high point for MDCPX and FFANX.
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Drawdown Indicators
| MDCPX | FFANX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.98% | -31.69% | -10.29% |
Max Drawdown (1Y)Largest decline over 1 year | -6.22% | -5.20% | -1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -10.65% | -7.55% | -3.10% |
Max Drawdown (5Y)Largest decline over 5 years | -21.99% | -18.52% | -3.47% |
Max Drawdown (10Y)Largest decline over 10 years | -24.58% | -18.52% | -6.06% |
Current DrawdownCurrent decline from peak | -0.91% | -0.13% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -5.09% | -3.79% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 1.22% | +0.24% |
Volatility
MDCPX vs. FFANX - Volatility Comparison
BlackRock Balanced Capital Fund Investor A Shares (MDCPX) has a higher volatility of 3.42% compared to Fidelity Asset Manager 40% Fund (FFANX) at 2.94%. This indicates that MDCPX's price experiences larger fluctuations and is considered to be riskier than FFANX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDCPX | FFANX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 2.94% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 7.34% | 6.01% | +1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.78% | 7.09% | +1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.14% | 7.94% | +3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.50% | 7.74% | +3.76% |
MDCPX vs. FFANX - Expense Ratio Comparison
MDCPX has a 0.78% expense ratio, which is higher than FFANX's 0.52% expense ratio.
Dividends
MDCPX vs. FFANX - Dividend Comparison
MDCPX's dividend yield for the trailing twelve months is around 7.97%, more than FFANX's 3.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFANX Fidelity Asset Manager 40% Fund | 3.65% | 3.97% | 2.81% | 2.49% | 5.75% | 2.35% | 2.36% | 3.67% | 4.56% | 2.56% | 1.43% | 3.18% |
MDCPX BlackRock Balanced Capital Fund Investor A Shares | 7.97% | 8.61% | 7.44% | 2.63% | 3.82% | 12.27% | 4.02% | 5.25% | 7.84% | 19.39% | 4.67% | 5.04% |
Frequently Asked Questions
With a correlation of 0.96, MDCPX and FFANX 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.
MDCPX has higher volatility (3.42%) compared to FFANX (2.94%). In terms of maximum drawdown, MDCPX dropped -41.98% vs FFANX's -31.69%.
FFANX currently has the higher Sharpe Ratio (2.40 vs 2.22), 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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