MDCPX vs. USHY
MDCPX (BlackRock Balanced Capital Fund Investor A Shares) and USHY (iShares Broad USD High Yield Corporate Bond ETF) are both funds - MDCPX is a Diversified Portfolio fund actively managed by BlackRock, while USHY is a High Yield Bonds fund tracking the ICE BofA US High Yield Constrained Index. MDCPX is actively managed, while USHY is passively managed. Over the past 5 years, MDCPX returned 7.95%/yr vs 4.16%/yr for USHY. A 0.74 correlation means they provide meaningful diversification when combined. MDCPX charges 0.78%/yr vs 0.15%/yr for USHY.
Performance
MDCPX vs. USHY - Performance Comparison
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Returns By Period
In the year-to-date period, MDCPX achieves a 6.42% return, which is significantly higher than USHY's 1.29% return.
MDCPX
- 1D
- -1.99%
- 1M
- -0.68%
- YTD
- 6.42%
- 6M
- 7.39%
- 1Y
- 16.87%
- 3Y*
- 14.13%
- 5Y*
- 7.95%
- 10Y*
- 9.99%
USHY
- 1D
- 0.08%
- 1M
- -0.14%
- YTD
- 1.29%
- 6M
- 1.85%
- 1Y
- 6.84%
- 3Y*
- 8.79%
- 5Y*
- 4.16%
- 10Y*
- —
MDCPX vs. USHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDCPX BlackRock Balanced Capital Fund Investor A Shares | 6.42% | 15.32% | 12.47% | 16.59% | -15.70% | 16.49% | 15.07% | 21.59% | -3.48% | 2.30% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 1.29% | 8.81% | 8.45% | 12.73% | -11.18% | 5.02% | 6.17% | 14.24% | -2.41% | 0.16% |
Correlation
The correlation between MDCPX and USHY is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.74 |
The correlation between MDCPX and USHY has been stable across timeframes, ranging from 0.74 to 0.79 - a consistent structural relationship.
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Return for Risk
MDCPX vs. USHY — Risk / Return Rank
MDCPX
USHY
MDCPX vs. USHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Balanced Capital Fund Investor A Shares (MDCPX) and iShares Broad USD High Yield Corporate Bond ETF (USHY). 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.
| MDCPX | USHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.36 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 2.83 | -0.03 |
| Martin ratioReturn relative to average drawdown | 12.12 | 12.68 | -0.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MDCPX | USHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 1.88 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.57 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.58 | +0.08 |
Drawdowns
MDCPX vs. USHY - Drawdown Comparison
The maximum MDCPX drawdown since its inception was -41.98%, which is greater than USHY's maximum drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for MDCPX and USHY.
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Drawdown Indicators
| MDCPX | USHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.98% | -22.44% | -19.54% |
Max Drawdown (1Y)Largest decline over 1 year | -6.22% | -2.43% | -3.79% |
Max Drawdown (3Y)Largest decline over 3 years | -10.65% | -4.66% | -5.99% |
Max Drawdown (5Y)Largest decline over 5 years | -21.99% | -15.56% | -6.43% |
Max Drawdown (10Y)Largest decline over 10 years | -24.58% | — | — |
Current DrawdownCurrent decline from peak | -2.36% | -0.41% | -1.95% |
Average DrawdownAverage peak-to-trough decline | -5.09% | -2.66% | -2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 0.54% | +0.89% |
Volatility
MDCPX vs. USHY - Volatility Comparison
BlackRock Balanced Capital Fund Investor A Shares (MDCPX) has a higher volatility of 3.07% compared to iShares Broad USD High Yield Corporate Bond ETF (USHY) at 1.13%. This indicates that MDCPX's price experiences larger fluctuations and is considered to be riskier than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDCPX | USHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 1.13% | +1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 7.03% | 2.95% | +4.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.55% | 3.67% | +4.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.09% | 7.34% | +3.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.48% | 8.25% | +3.23% |
MDCPX vs. USHY - Expense Ratio Comparison
MDCPX has a 0.78% expense ratio, which is higher than USHY's 0.15% expense ratio.
Dividends
MDCPX vs. USHY - Dividend Comparison
MDCPX's dividend yield for the trailing twelve months is around 8.09%, more than USHY's 6.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDCPX BlackRock Balanced Capital Fund Investor A Shares | 8.09% | 8.61% | 7.44% | 2.63% | 3.82% | 12.27% | 4.02% | 5.25% | 7.84% | 19.39% | 4.67% | 5.04% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.93% | 6.79% | 6.89% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.73% | 0.00% | 0.00% |
Frequently Asked Questions
MDCPX and USHY have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDCPX has higher volatility (3.07%) compared to USHY (1.13%). In terms of maximum drawdown, MDCPX dropped -41.98% vs USHY's -22.44%.
MDCPX currently has the higher Sharpe Ratio (2.04 vs 1.88), 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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