MDFGX vs. USA
MDFGX (BlackRock Capital Appreciation Fund) is Large Cap Growth Equities fund managed by BlackRock, while USA (Liberty All-Star Equity Fund) is a stock. Over the past 10 years, MDFGX returned 16.64%/yr vs 12.22%/yr for USA. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
MDFGX vs. USA - Performance Comparison
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Returns By Period
In the year-to-date period, MDFGX achieves a 11.44% return, which is significantly higher than USA's 0.24% return. Over the past 10 years, MDFGX has outperformed USA with an annualized return of 16.64%, while USA has yielded a comparatively lower 12.22% annualized return.
MDFGX
- 1D
- 0.13%
- 1M
- 2.27%
- 6M
- 9.09%
- YTD
- 11.44%
- 1Y
- 17.39%
- 3Y*
- 22.95%
- 5Y*
- 9.78%
- 10Y*
- 16.64%
USA
- 1D
- 0.34%
- 1M
- 3.83%
- 6M
- -1.64%
- YTD
- 0.24%
- 1Y
- -3.40%
- 3Y*
- 6.94%
- 5Y*
- 1.37%
- 10Y*
- 12.22%
MDFGX vs. USA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDFGX BlackRock Capital Appreciation Fund | 11.44% | 12.63% | 31.58% | 48.77% | -37.83% | 20.78% | 40.16% | 31.89% | 1.81% | 32.37% |
USA Liberty All-Star Equity Fund | 0.24% | 0.09% | 20.81% | 23.17% | -25.20% | 33.76% | 12.89% | 39.70% | -5.06% | 34.66% |
Correlation
The correlation between MDFGX and USA is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 1996 | 0.68 |
The correlation between MDFGX and USA has been stable across timeframes, ranging from 0.63 to 0.70 - a consistent structural relationship.
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Return for Risk
MDFGX vs. USA — Risk / Return Rank
MDFGX
USA
MDFGX vs. USA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Capital Appreciation Fund (MDFGX) and Liberty All-Star Equity Fund (USA). 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 | USA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.97 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | -0.24 | +1.26 |
| Martin ratioReturn relative to average drawdown | 3.30 | -0.59 | +3.90 |
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Drawdowns
MDFGX vs. USA - Drawdown Comparison
The maximum MDFGX drawdown since its inception was -47.99%, smaller than the maximum USA drawdown of -69.15%. Use the drawdown chart below to compare losses from any high point for MDFGX and USA.
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Drawdown Indicators
| MDFGX | USA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.99% | -69.15% | +21.16% |
Max Drawdown (1Y)Largest decline over 1 year | -16.74% | -14.30% | -2.44% |
Max Drawdown (3Y)Largest decline over 3 years | -24.43% | -17.69% | -6.74% |
Max Drawdown (5Y)Largest decline over 5 years | -42.49% | -34.05% | -8.44% |
Max Drawdown (10Y)Largest decline over 10 years | -42.49% | -47.07% | +4.58% |
Current DrawdownCurrent decline from peak | -3.63% | -5.15% | +1.52% |
Average DrawdownAverage peak-to-trough decline | -11.20% | -11.51% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 5.97% | -0.81% |
Volatility
MDFGX vs. USA - Volatility Comparison
BlackRock Capital Appreciation Fund (MDFGX) has a higher volatility of 6.53% compared to Liberty All-Star Equity Fund (USA) at 4.78%. This indicates that MDFGX's price experiences larger fluctuations and is considered to be riskier than USA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDFGX | USA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.53% | 4.78% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 14.88% | 10.84% | +4.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.57% | 13.97% | +4.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.66% | 20.19% | +3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.58% | 22.56% | +0.02% |
Dividends
MDFGX vs. USA - Dividend Comparison
MDFGX's dividend yield for the trailing twelve months is around 17.51%, more than USA's 11.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDFGX BlackRock Capital Appreciation Fund | 17.51% | 19.51% | 12.73% | 3.59% | 9.46% | 12.95% | 5.46% | 10.67% | 14.31% | 12.51% | 4.01% | 11.22% |
USA Liberty All-Star Equity Fund | 11.41% | 10.67% | 10.22% | 9.56% | 12.11% | 9.67% | 9.13% | 9.75% | 12.64% | 8.89% | 9.30% | 9.53% |
Frequently Asked Questions
MDFGX and USA have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDFGX has higher volatility (6.53%) compared to USA (4.78%). In terms of maximum drawdown, MDFGX dropped -47.99% vs USA's -69.15%.
MDFGX currently has the higher Sharpe Ratio (0.92 vs -0.24), 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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