MDFGX vs. MADVX

Last updated Aug 4, 2026

MDFGX (BlackRock Capital Appreciation Fund) and MADVX (BlackRock Equity Dividend Fund) are both mutual funds - MDFGX is a Large Cap Growth Equities fund managed by BlackRock, while MADVX is a Large Cap Value Equities fund managed by BlackRock. Over the past 10 years, MDFGX returned 16.12%/yr vs 11.95%/yr for MADVX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. MDFGX charges 0.97%/yr vs 0.68%/yr for MADVX.

Performance

MDFGX vs. MADVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Capital Appreciation Fund (MDFGX) and BlackRock Equity Dividend Fund (MADVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MDFGX achieves a 8.79% return, which is significantly lower than MADVX's 16.37% return. Over the past 10 years, MDFGX has outperformed MADVX with an annualized return of 16.12%, while MADVX has yielded a comparatively lower 11.95% annualized return.

MDFGX

• 1D: 1.53%
• 1M: -0.87%
• 6M: 8.29%
• YTD: 8.79%
• 1Y: 14.48%
• 3Y*: 20.61%
• 5Y*: 9.00%
• 10Y*: 16.12%
• ALL TIME*: 9.57%

MADVX

• 1D: 0.63%
• 1M: 1.65%
• 6M: 11.87%
• YTD: 16.37%
• 1Y: 29.35%
• 3Y*: 16.18%
• 5Y*: 11.19%
• 10Y*: 11.95%
• ALL TIME*: 10.16%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MADVX BlackRock Equity Dividend Fund	$0.00	$0.00	$0.00
MDFGX BlackRock Capital Appreciation Fund	$0.00	$0.00	$0.00

MDFGX vs. MADVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MDFGX BlackRock Capital Appreciation Fund	8.79%	12.63%	31.58%	48.77%	-37.83%	20.78%	40.16%	31.89%	1.81%	32.37%
MADVX BlackRock Equity Dividend Fund	16.37%	21.70%	6.98%	12.71%	-3.97%	20.13%	4.03%	27.58%	-7.15%	16.31%

Correlation

The correlation between MDFGX and MADVX is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.47
Correlation (3Y) Balances recent behavior with more history.	0.44
Correlation (5Y) Shows whether the relationship held over a longer period.	0.57
Correlation (10Y) Provides a long-term view across more market conditions.	0.59
Correlation (All Time) Calculated using the full available price history since Jun 20, 1996	0.74

Over the past year, the correlation between MDFGX and MADVX has dropped to 0.47 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

Return for Risk

MDFGX vs. MADVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MDFGX

MDFGX Risk / Return Rank: 14
MDFGX Sharpe Ratio Rank: 14
MDFGX Sortino Ratio Rank: 14
MDFGX Omega Ratio Rank: 14
MDFGX Calmar Ratio Rank: 13
MDFGX Martin Ratio Rank: 15

MADVX

MADVX Risk / Return Rank: 88
MADVX Sharpe Ratio Rank: 92
MADVX Sortino Ratio Rank: 88
MADVX Omega Ratio Rank: 85
MADVX Calmar Ratio Rank: 86
MADVX Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MDFGX vs. MADVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Capital Appreciation Fund (MDFGX) 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.

	MDFGX	MADVX	Difference
Sharpe ratio: Return per unit of total volatility	0.62	2.37	-1.75
Sortino ratio: Return per unit of downside risk	0.96	3.28	-2.32
Omega ratio: Gain probability vs. loss probability	1.12	1.42	-0.30
Calmar ratio: Return relative to maximum drawdown	0.71	3.10	-2.39
Martin ratio: Return relative to average drawdown	2.21	13.29	-11.08

MDFGX vs. MADVX - Sharpe Ratio Comparison

The current MDFGX Sharpe Ratio is 0.62, which is lower than the MADVX Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of MDFGX and MADVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MDFGX vs. MADVX - Drawdown Comparison

The maximum MDFGX drawdown since its inception was -47.99%, roughly equal to the maximum MADVX drawdown of -50.00%. Use the drawdown chart below to compare losses from any high point for MDFGX and MADVX.

Drawdown Indicators

	MDFGX	MADVX	Difference
Max Drawdown Largest peak-to-trough decline	-47.99%	-50.00%	+2.01%
Max Drawdown (1Y) Largest decline over 1 year	-16.74%	-9.01%	-7.73%
Max Drawdown (3Y) Largest decline over 3 years	-24.43%	-15.22%	-9.21%
Max Drawdown (5Y) Largest decline over 5 years	-42.49%	-18.05%	-24.44%
Max Drawdown (10Y) Largest decline over 10 years	-42.49%	-35.94%	-6.55%
Current Drawdown Current decline from peak	-5.92%	0.00%	-5.92%
Average Drawdown Average peak-to-trough decline	-11.19%	-5.27%	-5.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.38%	2.10%	+3.28%

Volatility

MDFGX vs. MADVX - Volatility Comparison

BlackRock Capital Appreciation Fund (MDFGX) has a higher volatility of 6.07% compared to BlackRock Equity Dividend Fund (MADVX) at 3.39%. This indicates that MDFGX'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.

Volatility by Period

	MDFGX	MADVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.07%	3.39%	+2.68%
Volatility (6M) Calculated over the trailing 6-month period	15.48%	9.43%	+6.05%
Volatility (1Y) Calculated over the trailing 1-year period	19.29%	11.84%	+7.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.74%	14.20%	+9.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.64%	16.30%	+6.34%

MDFGX vs. MADVX - Expense Ratio Comparison

MDFGX has a 0.97% expense ratio, which is higher than MADVX's 0.68% expense ratio.

Dividends

MDFGX vs. MADVX - Dividend Comparison

MDFGX's dividend yield for the trailing twelve months is around 36.79%, more than MADVX's 14.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MADVX BlackRock Equity Dividend Fund	14.00%	10.23%	8.58%	7.08%	13.50%	12.15%	6.35%	13.15%	14.04%	14.38%	7.98%	18.44%
MDFGX BlackRock Capital Appreciation Fund	36.79%	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

Can I hold both MDFGX and MADVX in my portfolio?

MDFGX and MADVX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MDFGX or MADVX?

MDFGX has higher volatility (6.07%) compared to MADVX (3.39%). In terms of maximum drawdown, MDFGX dropped -47.99% vs MADVX's -50.00%.

Which has better risk-adjusted returns?

MADVX currently has the higher Sharpe Ratio (2.37 vs 0.62), 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.