MDEGX vs. MADVX
MDEGX (BlackRock Unconstrained Equity Fund Investor A Shares) and MADVX (BlackRock Equity Dividend Fund) are both mutual funds - MDEGX is a Global Equities fund actively managed by BlackRock, while MADVX is a Large Cap Value Equities fund managed by BlackRock. Over the past 10 years, MDEGX returned 11.70%/yr vs 11.81%/yr for MADVX. Their correlation of 0.82 means they have usually moved in the same direction. MDEGX charges 1.16%/yr vs 0.68%/yr for MADVX.
Performance
MDEGX vs. MADVX - 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 MADVX's 15.65% return. Both investments have delivered pretty close results over the past 10 years, with MDEGX having a 11.70% annualized return and MADVX not far ahead at 11.81%.
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%
MADVX
- 1D
- 0.90%
- 1M
- 1.02%
- 6M
- 11.69%
- YTD
- 15.65%
- 1Y
- 28.55%
- 3Y*
- 15.84%
- 5Y*
- 11.05%
- 10Y*
- 11.81%
- ALL TIME*
- 10.14%
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. MADVX - 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% |
MADVX BlackRock Equity Dividend Fund | 15.65% | 21.70% | 6.98% | 12.71% | -3.97% | 20.13% | 4.03% | 27.58% | -7.15% | 16.31% |
Correlation
The correlation between MDEGX and MADVX is 0.61, 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. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2005 | 0.82 |
Over the past year, the correlation between MDEGX and MADVX has dropped to 0.61 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
MDEGX vs. MADVX — Risk / Return Rank
MDEGX
MADVX
MDEGX vs. MADVX - 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 Equity Dividend Fund (MADVX). 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 | MADVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.39 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 2.88 | -1.73 |
| Martin ratioReturn relative to average drawdown | 4.49 | 12.34 | -7.85 |
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Drawdowns
MDEGX vs. MADVX - Drawdown Comparison
The maximum MDEGX drawdown since its inception was -48.79%, roughly equal to the maximum MADVX drawdown of -50.00%. Use the drawdown chart below to compare losses from any high point for MDEGX and MADVX.
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Drawdown Indicators
| MDEGX | MADVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.79% | -50.00% | +1.21% |
Max Drawdown (1Y)Largest decline over 1 year | -12.75% | -9.01% | -3.74% |
Max Drawdown (3Y)Largest decline over 3 years | -21.14% | -15.22% | -5.92% |
Max Drawdown (5Y)Largest decline over 5 years | -31.49% | -18.05% | -13.44% |
Max Drawdown (10Y)Largest decline over 10 years | -31.98% | -35.94% | +3.96% |
Current DrawdownCurrent decline from peak | -5.44% | -0.22% | -5.22% |
Average DrawdownAverage peak-to-trough decline | -7.78% | -5.27% | -2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 2.11% | +1.16% |
Volatility
MDEGX vs. MADVX - Volatility Comparison
BlackRock Unconstrained Equity Fund Investor A Shares (MDEGX) has a higher volatility of 6.40% compared to BlackRock Equity Dividend Fund (MADVX) at 3.39%. This indicates that MDEGX's price experiences larger fluctuations and is considered to be riskier than MADVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDEGX | MADVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 3.39% | +3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 16.70% | 9.42% | +7.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.49% | 11.84% | +7.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.92% | 14.20% | +6.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.19% | 16.30% | +2.89% |
MDEGX vs. MADVX - Expense Ratio Comparison
MDEGX has a 1.16% expense ratio, which is higher than MADVX's 0.68% expense ratio.
Dividends
MDEGX vs. MADVX - Dividend Comparison
MDEGX's dividend yield for the trailing twelve months is around 6.42%, less than MADVX's 14.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MADVX BlackRock Equity Dividend Fund | 14.09% | 10.23% | 8.58% | 7.08% | 13.50% | 12.15% | 6.35% | 13.15% | 14.04% | 14.38% | 7.98% | 18.44% |
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 MADVX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDEGX has higher volatility (6.40%) compared to MADVX (3.39%). In terms of maximum drawdown, MDEGX dropped -48.79% vs MADVX's -50.00%.
MADVX currently has the higher Sharpe Ratio (2.20 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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