MDEGX vs. SSGLX
MDEGX (BlackRock Unconstrained Equity Fund Investor A Shares) and SSGLX (State Street Global All Cap Equity ex-U.S. Index Fund Class K) are both Global Equities funds. MDEGX is actively managed, while SSGLX is passively managed. Over the past 10 years, MDEGX returned 12.12%/yr vs 9.82%/yr for SSGLX. A 0.74 correlation means they provide meaningful diversification when combined. MDEGX charges 1.16%/yr vs 0.07%/yr for SSGLX.
Performance
MDEGX vs. SSGLX - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with MDEGX at 14.98% and SSGLX at 14.98%. Over the past 10 years, MDEGX has outperformed SSGLX with an annualized return of 12.12%, while SSGLX has yielded a comparatively lower 9.82% annualized return.
MDEGX
- 1D
- 0.06%
- 1M
- 3.53%
- YTD
- 14.98%
- 6M
- 13.38%
- 1Y
- 23.31%
- 3Y*
- 14.60%
- 5Y*
- 9.79%
- 10Y*
- 12.12%
SSGLX
- 1D
- 0.67%
- 1M
- 4.89%
- YTD
- 14.98%
- 6M
- 18.09%
- 1Y
- 32.74%
- 3Y*
- 19.68%
- 5Y*
- 8.65%
- 10Y*
- 9.82%
MDEGX vs. SSGLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDEGX BlackRock Unconstrained Equity Fund Investor A Shares | 14.98% | 12.11% | 7.27% | 33.16% | -20.47% | 20.42% | 16.28% | 32.46% | -4.81% | 24.48% |
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | 14.98% | 32.64% | 4.98% | 15.67% | -16.44% | 8.36% | 11.11% | 21.52% | -14.05% | 27.12% |
Correlation
The correlation between MDEGX and SSGLX is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2014 | 0.74 |
The correlation between MDEGX and SSGLX shifts across timeframes, from 0.64 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MDEGX vs. SSGLX — Risk / Return Rank
MDEGX
SSGLX
MDEGX vs. SSGLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Unconstrained Equity Fund Investor A Shares (MDEGX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX). 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.
| MDEGX | SSGLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.46 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.89 | -1.05 |
| Martin ratioReturn relative to average drawdown | 7.58 | 11.22 | -3.64 |
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
| MDEGX | SSGLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 2.40 | -1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.59 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.61 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.45 | +0.05 |
Drawdowns
MDEGX vs. SSGLX - Drawdown Comparison
The maximum MDEGX drawdown since its inception was -48.79%, which is greater than SSGLX's maximum drawdown of -35.88%. Use the drawdown chart below to compare losses from any high point for MDEGX and SSGLX.
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Drawdown Indicators
| MDEGX | SSGLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.79% | -35.88% | -12.91% |
Max Drawdown (1Y)Largest decline over 1 year | -12.75% | -11.22% | -1.53% |
Max Drawdown (3Y)Largest decline over 3 years | -21.14% | -13.56% | -7.58% |
Max Drawdown (5Y)Largest decline over 5 years | -31.49% | -30.08% | -1.41% |
Max Drawdown (10Y)Largest decline over 10 years | -31.98% | -35.88% | +3.90% |
Current DrawdownCurrent decline from peak | -1.43% | 0.00% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -7.82% | -8.23% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 2.88% | +0.21% |
Volatility
MDEGX vs. SSGLX - Volatility Comparison
BlackRock Unconstrained Equity Fund Investor A Shares (MDEGX) has a higher volatility of 5.56% compared to State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) at 4.55%. This indicates that MDEGX's price experiences larger fluctuations and is considered to be riskier than SSGLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDEGX | SSGLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.56% | 4.55% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 14.65% | 11.38% | +3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.61% | 13.56% | +4.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.58% | 14.74% | +5.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.07% | 16.24% | +2.83% |
MDEGX vs. SSGLX - Expense Ratio Comparison
MDEGX has a 1.16% expense ratio, which is higher than SSGLX's 0.07% expense ratio.
Dividends
MDEGX vs. SSGLX - Dividend Comparison
MDEGX has not paid dividends to shareholders, while SSGLX's dividend yield for the trailing twelve months is around 3.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDEGX BlackRock Unconstrained Equity Fund Investor A Shares | 0.00% | 0.00% | 0.00% | 0.00% | 18.18% | 22.48% | 6.30% | 11.68% | 8.21% | 3.81% | 0.62% | 7.88% |
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | 3.84% | 4.41% | 4.46% | 2.98% | 2.85% | 4.20% | 1.72% | 4.80% | 8.32% | 3.98% | 1.52% | 2.09% |
Frequently Asked Questions
MDEGX and SSGLX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDEGX has higher volatility (5.56%) compared to SSGLX (4.55%). In terms of maximum drawdown, MDEGX dropped -48.79% vs SSGLX's -35.88%.
SSGLX currently has the higher Sharpe Ratio (2.40 vs 1.34), 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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