MDFGX vs. MRFOX
MDFGX (BlackRock Capital Appreciation Fund) and MRFOX (Marshfield Concentrated Opportunity Fund) are both Large Cap Growth Equities funds. Over the past 10 years, MDFGX returned 16.12%/yr vs 15.94%/yr for MRFOX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. MDFGX charges 0.97%/yr vs 1.05%/yr for MRFOX.
Performance
MDFGX vs. MRFOX - Performance Comparison
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Returns By Period
In the year-to-date period, MDFGX achieves a 8.79% return, which is significantly higher than MRFOX's 4.52% return. Both investments have delivered pretty close results over the past 10 years, with MDFGX having a 16.12% annualized return and MRFOX not far behind at 15.94%.
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%
MRFOX
- 1D
- -0.33%
- 1M
- -0.83%
- 6M
- 3.05%
- YTD
- 4.52%
- 1Y
- 11.46%
- 3Y*
- 13.15%
- 5Y*
- 11.42%
- 10Y*
- 15.94%
- ALL TIME*
- 15.54%
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 |
MDFGX vs. MRFOX - 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% |
MRFOX Marshfield Concentrated Opportunity Fund | 4.52% | 10.05% | 17.10% | 17.68% | 5.06% | 17.71% | 15.19% | 36.26% | 1.89% | 25.92% |
Correlation
The correlation between MDFGX and MRFOX is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.60 |
Over the past year, the correlation between MDFGX and MRFOX has dropped to 0.07 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
MDFGX vs. MRFOX — Risk / Return Rank
MDFGX
MRFOX
MDFGX vs. MRFOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Capital Appreciation Fund (MDFGX) and Marshfield Concentrated Opportunity Fund (MRFOX). 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 | MRFOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.19 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 1.59 | -0.88 |
| Martin ratioReturn relative to average drawdown | 2.21 | 4.69 | -2.48 |
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Drawdowns
MDFGX vs. MRFOX - Drawdown Comparison
The maximum MDFGX drawdown since its inception was -47.99%, which is greater than MRFOX's maximum drawdown of -29.10%. Use the drawdown chart below to compare losses from any high point for MDFGX and MRFOX.
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Drawdown Indicators
| MDFGX | MRFOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.99% | -29.10% | -18.89% |
Max Drawdown (1Y)Largest decline over 1 year | -16.74% | -7.03% | -9.71% |
Max Drawdown (3Y)Largest decline over 3 years | -24.43% | -7.91% | -16.52% |
Max Drawdown (5Y)Largest decline over 5 years | -42.49% | -12.98% | -29.51% |
Max Drawdown (10Y)Largest decline over 10 years | -42.49% | -29.10% | -13.39% |
Current DrawdownCurrent decline from peak | -5.92% | -1.70% | -4.22% |
Average DrawdownAverage peak-to-trough decline | -11.19% | -2.34% | -8.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.38% | 2.39% | +2.99% |
Volatility
MDFGX vs. MRFOX - Volatility Comparison
BlackRock Capital Appreciation Fund (MDFGX) has a higher volatility of 6.07% compared to Marshfield Concentrated Opportunity Fund (MRFOX) at 4.29%. This indicates that MDFGX's price experiences larger fluctuations and is considered to be riskier than MRFOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDFGX | MRFOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 4.29% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 15.48% | 7.81% | +7.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.29% | 10.40% | +8.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.74% | 12.16% | +11.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.64% | 14.18% | +8.46% |
MDFGX vs. MRFOX - Expense Ratio Comparison
MDFGX has a 0.97% expense ratio, which is lower than MRFOX's 1.05% expense ratio.
Dividends
MDFGX vs. MRFOX - Dividend Comparison
MDFGX's dividend yield for the trailing twelve months is around 36.79%, more than MRFOX's 1.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MRFOX Marshfield Concentrated Opportunity Fund | 1.55% | 1.62% | 4.59% | 0.46% | 0.35% | 6.78% | 2.68% | 1.39% | 1.94% | 2.06% | 0.60% | 0.00% |
Frequently Asked Questions
MDFGX and MRFOX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDFGX has higher volatility (6.07%) compared to MRFOX (4.29%). In terms of maximum drawdown, MDFGX dropped -47.99% vs MRFOX's -29.10%.
MRFOX currently has the higher Sharpe Ratio (1.08 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.
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