MDFGX vs. IVV
MDFGX (BlackRock Capital Appreciation Fund) and IVV (iShares Core S&P 500 ETF) are both funds - MDFGX is a Large Cap Growth Equities fund managed by BlackRock, while IVV is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, MDFGX returned 16.67%/yr vs 15.47%/yr for IVV. Their correlation of 0.91 suggests significant overlap in exposure. MDFGX charges 0.97%/yr vs 0.03%/yr for IVV.
Performance
MDFGX vs. IVV - 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 IVV's 9.08% return. Over the past 10 years, MDFGX has outperformed IVV with an annualized return of 16.67%, while IVV has yielded a comparatively lower 15.47% 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%
IVV
- 1D
- 0.55%
- 1M
- -0.85%
- YTD
- 9.08%
- 6M
- 9.43%
- 1Y
- 25.77%
- 3Y*
- 20.95%
- 5Y*
- 13.42%
- 10Y*
- 15.47%
MDFGX vs. IVV - 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% |
IVV iShares Core S&P 500 ETF | 9.08% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Correlation
The correlation between MDFGX and IVV is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since May 19, 2000 | 0.91 |
The correlation between MDFGX and IVV has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
MDFGX vs. IVV — Risk / Return Rank
MDFGX
IVV
MDFGX vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Capital Appreciation Fund (MDFGX) and iShares Core S&P 500 ETF (IVV). 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 | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.36 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 2.76 | -1.62 |
| Martin ratioReturn relative to average drawdown | 3.80 | 12.43 | -8.63 |
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Drawdowns
MDFGX vs. IVV - Drawdown Comparison
The maximum MDFGX drawdown since its inception was -47.99%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for MDFGX and IVV.
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Drawdown Indicators
| MDFGX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.99% | -55.25% | +7.26% |
Max Drawdown (1Y)Largest decline over 1 year | -16.74% | -8.89% | -7.85% |
Max Drawdown (3Y)Largest decline over 3 years | -24.43% | -18.75% | -5.68% |
Max Drawdown (5Y)Largest decline over 5 years | -42.49% | -24.53% | -17.96% |
Max Drawdown (10Y)Largest decline over 10 years | -42.49% | -33.90% | -8.59% |
Current DrawdownCurrent decline from peak | -6.14% | -2.35% | -3.79% |
Average DrawdownAverage peak-to-trough decline | -11.22% | -10.77% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.99% | 1.97% | +3.02% |
Volatility
MDFGX vs. IVV - Volatility Comparison
BlackRock Capital Appreciation Fund (MDFGX) has a higher volatility of 6.95% compared to iShares Core S&P 500 ETF (IVV) at 4.37%. This indicates that MDFGX's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDFGX | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.95% | 4.37% | +2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 14.60% | 9.59% | +5.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 12.28% | +5.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.57% | 16.95% | +6.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.58% | 18.08% | +4.50% |
MDFGX vs. IVV - Expense Ratio Comparison
MDFGX has a 0.97% expense ratio, which is higher than IVV's 0.03% expense ratio.
Dividends
MDFGX vs. IVV - Dividend Comparison
MDFGX's dividend yield for the trailing twelve months is around 17.98%, more than IVV's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVV iShares Core S&P 500 ETF | 1.08% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
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
With a correlation of 0.90, MDFGX and IVV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MDFGX has higher volatility (6.95%) compared to IVV (4.37%). In terms of maximum drawdown, MDFGX dropped -47.99% vs IVV's -55.25%.
IVV currently has the higher Sharpe Ratio (2.00 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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