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 17.01%/yr vs 12.16%/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 -4.98% return. Over the past 10 years, MDFGX has outperformed USA with an annualized return of 17.01%, while USA has yielded a comparatively lower 12.16% annualized return.
MDFGX
- 1D
- 1.39%
- 1M
- 0.81%
- YTD
- 11.44%
- 6M
- 10.77%
- 1Y
- 24.14%
- 3Y*
- 23.18%
- 5Y*
- 10.90%
- 10Y*
- 17.01%
USA
- 1D
- -1.22%
- 1M
- -2.75%
- YTD
- -4.98%
- 6M
- -4.67%
- 1Y
- -4.39%
- 3Y*
- 7.02%
- 5Y*
- 0.89%
- 10Y*
- 12.16%
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 | -4.98% | 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 | 0.69 |
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 0.69 - 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 | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.96 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | -0.29 | +1.70 |
| Martin ratioReturn relative to average drawdown | 4.70 | -0.67 | +5.37 |
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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% | -15.28% | -1.46% |
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% | -10.08% | +6.45% |
Average DrawdownAverage peak-to-trough decline | -11.21% | -11.51% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.02% | 6.52% | -1.50% |
Volatility
MDFGX vs. USA - Volatility Comparison
BlackRock Capital Appreciation Fund (MDFGX) has a higher volatility of 7.24% compared to Liberty All-Star Equity Fund (USA) at 4.56%. 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 | 7.24% | 4.56% | +2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 14.73% | 10.82% | +3.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.36% | 13.94% | +4.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.60% | 20.31% | +3.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.60% | 22.58% | +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 12.04% 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 | 12.04% | 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 (7.24%) compared to USA (4.56%). In terms of maximum drawdown, MDFGX dropped -47.99% vs USA's -69.15%.
MDFGX currently has the higher Sharpe Ratio (1.29 vs -0.32), 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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