MDEGX vs. BGSAX
MDEGX (BlackRock Unconstrained Equity Fund Investor A Shares) and BGSAX (BlackRock Technology Opportunities Fund Investor A) are both mutual funds - MDEGX is a Global Equities fund actively managed by BlackRock, while BGSAX is a Technology Equities fund actively managed by BlackRock. Both are actively managed. Over the past 10 years, MDEGX returned 11.70%/yr vs 23.00%/yr for BGSAX. Their correlation of 0.80 means they have usually moved in the same direction. MDEGX charges 1.16%/yr vs 1.14%/yr for BGSAX.
Performance
MDEGX vs. BGSAX - Performance Comparison
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Returns By Period
In the year-to-date period, MDEGX achieves a 13.16% return, which is significantly lower than BGSAX's 22.08% return. Over the past 10 years, MDEGX has underperformed BGSAX with an annualized return of 11.70%, while BGSAX has yielded a comparatively higher 23.00% annualized return.
MDEGX
- 1D
- 2.41%
- 1M
- -3.53%
- 6M
- 10.26%
- YTD
- 13.16%
- 1Y
- 16.38%
- 3Y*
- 12.92%
- 5Y*
- 8.45%
- 10Y*
- 11.70%
- ALL TIME*
- 9.04%
BGSAX
- 1D
- 7.10%
- 1M
- -7.32%
- 6M
- 19.39%
- YTD
- 22.08%
- 1Y
- 32.24%
- 3Y*
- 29.84%
- 5Y*
- 11.65%
- 10Y*
- 23.00%
- ALL TIME*
- 10.39%
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 |
MDEGX vs. BGSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDEGX BlackRock Unconstrained Equity Fund Investor A Shares | 13.16% | 12.11% | 7.27% | 33.16% | -20.47% | 20.42% | 16.28% | 32.46% | -4.81% | 24.48% |
BGSAX BlackRock Technology Opportunities Fund Investor A | 22.08% | 19.63% | 40.56% | 49.09% | -43.13% | 8.19% | 86.27% | 43.84% | 2.03% | 49.45% |
Correlation
The correlation between MDEGX and BGSAX is 0.83, 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. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2005 | 0.80 |
The correlation between MDEGX and BGSAX has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.
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Return for Risk
MDEGX vs. BGSAX — Risk / Return Rank
MDEGX
BGSAX
MDEGX vs. BGSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Unconstrained Equity Fund Investor A Shares (MDEGX) and BlackRock Technology Opportunities Fund Investor A (BGSAX). 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.
| MDEGX | BGSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.18 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.42 | -0.27 |
| Martin ratioReturn relative to average drawdown | 4.49 | 4.11 | +0.38 |
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Drawdowns
MDEGX vs. BGSAX - Drawdown Comparison
The maximum MDEGX drawdown since its inception was -48.79%, smaller than the maximum BGSAX drawdown of -73.75%. Use the drawdown chart below to compare losses from any high point for MDEGX and BGSAX.
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Drawdown Indicators
| MDEGX | BGSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.79% | -73.75% | +24.96% |
Max Drawdown (1Y)Largest decline over 1 year | -12.75% | -20.84% | +8.09% |
Max Drawdown (3Y)Largest decline over 3 years | -21.14% | -27.75% | +6.61% |
Max Drawdown (5Y)Largest decline over 5 years | -31.49% | -49.22% | +17.73% |
Max Drawdown (10Y)Largest decline over 10 years | -31.98% | -49.22% | +17.24% |
Current DrawdownCurrent decline from peak | -5.44% | -15.21% | +9.77% |
Average DrawdownAverage peak-to-trough decline | -7.78% | -26.26% | +18.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 7.19% | -3.92% |
Volatility
MDEGX vs. BGSAX - Volatility Comparison
The current volatility for BlackRock Unconstrained Equity Fund Investor A Shares (MDEGX) is 6.40%, while BlackRock Technology Opportunities Fund Investor A (BGSAX) has a volatility of 14.54%. This indicates that MDEGX experiences smaller price fluctuations and is considered to be less risky than BGSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDEGX | BGSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 14.54% | -8.14% |
Volatility (6M)Calculated over the trailing 6-month period | 16.70% | 28.48% | -11.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.49% | 32.23% | -12.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.92% | 29.22% | -8.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.19% | 26.62% | -7.43% |
MDEGX vs. BGSAX - Expense Ratio Comparison
MDEGX has a 1.16% expense ratio, which is higher than BGSAX's 1.14% expense ratio.
Dividends
MDEGX vs. BGSAX - Dividend Comparison
MDEGX's dividend yield for the trailing twelve months is around 6.42%, less than BGSAX's 17.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGSAX BlackRock Technology Opportunities Fund Investor A | 17.42% | 13.55% | 8.68% | 0.00% | 0.00% | 7.66% | 4.86% | 1.50% | 1.24% | 8.01% | 1.17% | 0.00% |
MDEGX BlackRock Unconstrained Equity Fund Investor A Shares | 6.42% | 0.00% | 0.00% | 0.00% | 18.18% | 22.48% | 6.30% | 11.68% | 8.21% | 3.81% | 0.62% | 7.88% |
Frequently Asked Questions
MDEGX and BGSAX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGSAX has higher volatility (14.54%) compared to MDEGX (6.40%). In terms of maximum drawdown, MDEGX dropped -48.79% vs BGSAX's -73.75%.
BGSAX currently has the higher Sharpe Ratio (0.92 vs 0.76), 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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