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 16.12%/yr vs 12.11%/yr for USA. Their 0.67 correlation means they have sometimes moved together and sometimes differently.
Performance
MDFGX vs. USA - 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 USA's 2.12% return. Over the past 10 years, MDFGX has outperformed USA with an annualized return of 16.12%, while USA has yielded a comparatively lower 12.11% 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%
USA
- 1D
- 1.55%
- 1M
- 4.70%
- 6M
- 2.64%
- YTD
- 2.12%
- 1Y
- 2.54%
- 3Y*
- 7.48%
- 5Y*
- 2.99%
- 10Y*
- 12.11%
- ALL TIME*
- 7.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $8.45M | $9.04M | $8.45M |
MDFGX vs. USA - 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% |
USA Liberty All-Star Equity Fund | 2.12% | 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 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 1996 | 0.67 |
The correlation between MDFGX and USA has been stable across timeframes, ranging from 0.61 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 | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.04 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 0.19 | +0.52 |
| Martin ratioReturn relative to average drawdown | 2.21 | 0.49 | +1.72 |
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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% | -13.65% | -3.09% |
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 | -5.92% | -3.36% | -2.56% |
Average DrawdownAverage peak-to-trough decline | -11.19% | -11.50% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.38% | 5.16% | +0.22% |
Volatility
MDFGX vs. USA - Volatility Comparison
BlackRock Capital Appreciation Fund (MDFGX) has a higher volatility of 6.07% compared to Liberty All-Star Equity Fund (USA) at 3.95%. 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 | 6.07% | 3.95% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 15.48% | 10.88% | +4.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.29% | 14.13% | +5.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.74% | 20.11% | +3.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.64% | 22.57% | +0.07% |
Dividends
MDFGX vs. USA - Dividend Comparison
MDFGX's dividend yield for the trailing twelve months is around 36.79%, more than USA's 11.36% 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% |
USA Liberty All-Star Equity Fund | 11.36% | 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 0.61, 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 USA (3.95%). In terms of maximum drawdown, MDFGX dropped -47.99% vs USA's -69.15%.
MDFGX currently has the higher Sharpe Ratio (0.62 vs 0.18), 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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