MDFGX vs. QQQ
MDFGX (BlackRock Capital Appreciation Fund) and QQQ (Invesco QQQ ETF) are both funds - MDFGX is a Large Cap Growth Equities fund managed by BlackRock, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, MDFGX returned 16.67%/yr vs 21.79%/yr for QQQ. Their correlation of 0.89 suggests significant overlap in exposure. MDFGX charges 0.97%/yr vs 0.18%/yr for QQQ.
Performance
MDFGX vs. QQQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MDFGX achieves a 8.54% return, which is significantly lower than QQQ's 17.57% return. Over the past 10 years, MDFGX has underperformed QQQ with an annualized return of 16.67%, while QQQ has yielded a comparatively higher 21.79% 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%
QQQ
- 1D
- 0.59%
- 1M
- 0.22%
- YTD
- 17.57%
- 6M
- 17.85%
- 1Y
- 37.55%
- 3Y*
- 26.43%
- 5Y*
- 16.85%
- 10Y*
- 21.79%
MDFGX vs. QQQ - 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% |
QQQ Invesco QQQ ETF | 17.57% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between MDFGX and QQQ is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 1999 | 0.89 |
The correlation between MDFGX and QQQ has been stable across timeframes, ranging from 0.89 to 0.96 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MDFGX vs. QQQ — Risk / Return Rank
MDFGX
QQQ
MDFGX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Capital Appreciation Fund (MDFGX) and Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 3.01 | -1.87 |
| Martin ratioReturn relative to average drawdown | 3.80 | 11.22 | -7.42 |
Loading charts...
Drawdowns
MDFGX vs. QQQ - Drawdown Comparison
The maximum MDFGX drawdown since its inception was -47.99%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for MDFGX and QQQ.
Loading charts...
Drawdown Indicators
| MDFGX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.99% | -82.97% | +34.98% |
Max Drawdown (1Y)Largest decline over 1 year | -16.74% | -11.96% | -4.78% |
Max Drawdown (3Y)Largest decline over 3 years | -24.43% | -22.77% | -1.66% |
Max Drawdown (5Y)Largest decline over 5 years | -42.49% | -35.12% | -7.37% |
Max Drawdown (10Y)Largest decline over 10 years | -42.49% | -35.12% | -7.37% |
Current DrawdownCurrent decline from peak | -6.14% | -3.33% | -2.81% |
Average DrawdownAverage peak-to-trough decline | -11.22% | -32.75% | +21.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.99% | 3.20% | +1.79% |
Volatility
MDFGX vs. QQQ - Volatility Comparison
The current volatility for BlackRock Capital Appreciation Fund (MDFGX) is 6.95%, while Invesco QQQ ETF (QQQ) has a volatility of 7.56%. This indicates that MDFGX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MDFGX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.95% | 7.56% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 14.60% | 13.81% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 17.19% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.57% | 22.55% | +1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.58% | 22.38% | +0.20% |
MDFGX vs. QQQ - Expense Ratio Comparison
MDFGX has a 0.97% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Dividends
MDFGX vs. QQQ - Dividend Comparison
MDFGX's dividend yield for the trailing twelve months is around 17.98%, more than QQQ's 0.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
QQQ Invesco QQQ ETF | 0.39% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
With a correlation of 0.94, MDFGX and QQQ 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.
QQQ has higher volatility (7.56%) compared to MDFGX (6.95%). In terms of maximum drawdown, MDFGX dropped -47.99% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (2.09 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.
Find the right allocation for MDFGX and QQQ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer