MDFGX vs. IVLU
MDFGX (BlackRock Capital Appreciation Fund) and IVLU (iShares MSCI International Value Factor ETF) are both funds - MDFGX is a Large Cap Growth Equities fund managed by BlackRock, while IVLU is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Enhanced Value Index. Over the past 10 years, MDFGX returned 16.67%/yr vs 11.63%/yr for IVLU. A 0.55 correlation means they provide meaningful diversification when combined. MDFGX charges 0.97%/yr vs 0.30%/yr for IVLU.
Performance
MDFGX vs. IVLU - Performance Comparison
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Returns By Period
In the year-to-date period, MDFGX achieves a 8.54% return, which is significantly lower than IVLU's 12.96% return. Over the past 10 years, MDFGX has outperformed IVLU with an annualized return of 16.67%, while IVLU has yielded a comparatively lower 11.63% annualized return.
MDFGX
- 1D
- 2.30%
- 1M
- -3.72%
- YTD
- 8.54%
- 6M
- 10.22%
- 1Y
- 20.45%
- 3Y*
- 22.77%
- 5Y*
- 10.48%
- 10Y*
- 16.67%
IVLU
- 1D
- 0.56%
- 1M
- 0.66%
- YTD
- 12.96%
- 6M
- 14.33%
- 1Y
- 35.32%
- 3Y*
- 23.53%
- 5Y*
- 14.06%
- 10Y*
- 11.63%
MDFGX vs. IVLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDFGX BlackRock Capital Appreciation Fund | 8.54% | 12.63% | 31.58% | 48.77% | -37.83% | 20.78% | 40.16% | 31.89% | 1.81% | 32.37% |
IVLU iShares MSCI International Value Factor ETF | 12.96% | 46.09% | 6.76% | 20.07% | -5.73% | 15.60% | -4.50% | 15.60% | -15.10% | 23.10% |
Correlation
The correlation between MDFGX and IVLU is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2015 | 0.55 |
The correlation between MDFGX and IVLU has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.
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Return for Risk
MDFGX vs. IVLU — Risk / Return Rank
MDFGX
IVLU
MDFGX vs. IVLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Capital Appreciation Fund (MDFGX) and iShares MSCI International Value Factor ETF (IVLU). 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.
| MDFGX | IVLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.39 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 2.90 | -1.77 |
| Martin ratioReturn relative to average drawdown | 3.80 | 11.01 | -7.20 |
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Drawdowns
MDFGX vs. IVLU - Drawdown Comparison
The maximum MDFGX drawdown since its inception was -47.99%, which is greater than IVLU's maximum drawdown of -41.85%. Use the drawdown chart below to compare losses from any high point for MDFGX and IVLU.
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Drawdown Indicators
| MDFGX | IVLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.99% | -41.85% | -6.14% |
Max Drawdown (1Y)Largest decline over 1 year | -16.74% | -11.69% | -5.05% |
Max Drawdown (3Y)Largest decline over 3 years | -24.43% | -15.48% | -8.95% |
Max Drawdown (5Y)Largest decline over 5 years | -42.49% | -26.04% | -16.45% |
Max Drawdown (10Y)Largest decline over 10 years | -42.49% | -41.85% | -0.64% |
Current DrawdownCurrent decline from peak | -6.14% | -0.53% | -5.61% |
Average DrawdownAverage peak-to-trough decline | -11.22% | -8.57% | -2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.99% | 3.09% | +1.90% |
Volatility
MDFGX vs. IVLU - Volatility Comparison
BlackRock Capital Appreciation Fund (MDFGX) has a higher volatility of 6.95% compared to iShares MSCI International Value Factor ETF (IVLU) at 5.44%. This indicates that MDFGX's price experiences larger fluctuations and is considered to be riskier than IVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDFGX | IVLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.95% | 5.44% | +1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 14.60% | 12.85% | +1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 15.65% | +2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.57% | 16.58% | +6.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.58% | 17.66% | +4.92% |
MDFGX vs. IVLU - Expense Ratio Comparison
MDFGX has a 0.97% expense ratio, which is higher than IVLU's 0.30% expense ratio.
Dividends
MDFGX vs. IVLU - Dividend Comparison
MDFGX's dividend yield for the trailing twelve months is around 17.98%, more than IVLU's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVLU iShares MSCI International Value Factor ETF | 3.28% | 3.71% | 4.46% | 4.69% | 3.59% | 3.47% | 2.05% | 3.53% | 2.82% | 2.87% | 2.53% | 0.93% |
MDFGX BlackRock Capital Appreciation Fund | 17.98% | 19.51% | 12.73% | 3.59% | 9.46% | 12.95% | 5.46% | 10.67% | 14.31% | 12.51% | 4.01% | 11.22% |
Frequently Asked Questions
MDFGX and IVLU have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDFGX has higher volatility (6.95%) compared to IVLU (5.44%). In terms of maximum drawdown, MDFGX dropped -47.99% vs IVLU's -41.85%.
IVLU currently has the higher Sharpe Ratio (2.17 vs 1.05), 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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