MDDVX vs. FMSDX
MDDVX (BlackRock Equity Dividend Fund Investor A Shares) and FMSDX (Fidelity Multi-Asset Income Fund) are both mutual funds - MDDVX is a Dividend fund actively managed by BlackRock, while FMSDX is a Diversified Portfolio fund actively managed by Fidelity. Both are actively managed. Over the past 5 years, MDDVX returned 10.79%/yr vs 5.52%/yr for FMSDX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. MDDVX charges 0.94%/yr vs 0.83%/yr for FMSDX.
Performance
MDDVX vs. FMSDX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MDDVX achieves a 15.47% return, which is significantly higher than FMSDX's 4.14% return.
MDDVX
- 1D
- 0.91%
- 1M
- 1.02%
- 6M
- 11.54%
- YTD
- 15.47%
- 1Y
- 28.21%
- 3Y*
- 15.56%
- 5Y*
- 10.79%
- 10Y*
- 11.55%
- ALL TIME*
- 9.93%
FMSDX
- 1D
- 1.08%
- 1M
- -1.37%
- 6M
- 0.73%
- YTD
- 4.14%
- 1Y
- 10.85%
- 3Y*
- 10.27%
- 5Y*
- 5.52%
- 10Y*
- —
- ALL TIME*
- 9.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MDDVX vs. FMSDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MDDVX BlackRock Equity Dividend Fund Investor A Shares | 15.47% | 21.43% | 6.78% | 12.39% | -4.17% | 19.86% | 3.74% | 27.30% | -8.74% |
FMSDX Fidelity Multi-Asset Income Fund | 4.14% | 14.10% | 9.95% | 11.75% | -13.67% | 17.27% | 14.56% | 23.14% | -0.91% |
Correlation
The correlation between MDDVX and FMSDX is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2018 | 0.74 |
The correlation between MDDVX and FMSDX shifts across timeframes, from 0.59 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MDDVX vs. FMSDX — Risk / Return Rank
MDDVX
FMSDX
MDDVX vs. FMSDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Equity Dividend Fund Investor A Shares (MDDVX) and Fidelity Multi-Asset Income Fund (FMSDX). 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.
| MDDVX | FMSDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.17 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 1.61 | +1.23 |
| Martin ratioReturn relative to average drawdown | 12.16 | 4.40 | +7.76 |
Loading charts...
Drawdowns
MDDVX vs. FMSDX - Drawdown Comparison
The maximum MDDVX drawdown since its inception was -50.22%, which is greater than FMSDX's maximum drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for MDDVX and FMSDX.
Loading charts...
Drawdown Indicators
| MDDVX | FMSDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.22% | -21.64% | -28.58% |
Max Drawdown (1Y)Largest decline over 1 year | -9.02% | -6.47% | -2.55% |
Max Drawdown (3Y)Largest decline over 3 years | -15.26% | -13.17% | -2.09% |
Max Drawdown (5Y)Largest decline over 5 years | -18.18% | -18.12% | -0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -35.93% | — | — |
Current DrawdownCurrent decline from peak | -0.22% | -4.65% | +4.43% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -3.80% | -2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 2.37% | -0.25% |
Volatility
MDDVX vs. FMSDX - Volatility Comparison
BlackRock Equity Dividend Fund Investor A Shares (MDDVX) and Fidelity Multi-Asset Income Fund (FMSDX) have volatilities of 3.40% and 3.32%, 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.
Loading charts...
Volatility by Period
| MDDVX | FMSDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 3.32% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 9.43% | 8.63% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.83% | 10.98% | +0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.21% | 10.00% | +4.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.30% | 10.66% | +5.64% |
MDDVX vs. FMSDX - Expense Ratio Comparison
MDDVX has a 0.94% expense ratio, which is higher than FMSDX's 0.83% expense ratio.
Dividends
MDDVX vs. FMSDX - Dividend Comparison
MDDVX's dividend yield for the trailing twelve months is around 13.96%, more than FMSDX's 3.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMSDX Fidelity Multi-Asset Income Fund | 3.51% | 3.81% | 3.84% | 4.23% | 3.74% | 2.81% | 1.79% | 2.82% | 4.36% | 0.00% | 0.00% | 0.00% |
MDDVX BlackRock Equity Dividend Fund Investor A Shares | 13.96% | 10.06% | 8.38% | 6.89% | 13.29% | 11.93% | 6.15% | 12.95% | 13.77% | 14.20% | 7.79% | 18.15% |
Frequently Asked Questions
MDDVX and FMSDX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDDVX has higher volatility (3.40%) compared to FMSDX (3.32%). In terms of maximum drawdown, MDDVX dropped -50.22% vs FMSDX's -21.64%.
MDDVX currently has the higher Sharpe Ratio (2.17 vs 0.95), 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.
Find the right allocation for MDDVX and FMSDX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer