MDGCX vs. DREIX

Last updated Jun 4, 2026

MDGCX (BlackRock Advantage Global Fund, Inc.) and DREIX (DFA World Core Equity Portfolio) are both Global Equities funds. Over the past 10 years, MDGCX returned 12.56%/yr vs 12.35%/yr for DREIX. Their correlation of 0.94 suggests significant overlap in exposure. MDGCX charges 0.96%/yr vs 0.27%/yr for DREIX.

Performance

MDGCX vs. DREIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Advantage Global Fund, Inc. (MDGCX) and DFA World Core Equity Portfolio (DREIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MDGCX achieves a 19.80% return, which is significantly higher than DREIX's 13.50% return. Both investments have delivered pretty close results over the past 10 years, with MDGCX having a 12.56% annualized return and DREIX not far behind at 12.35%.

MDGCX

• 1D: 0.70%
• 1M: 7.14%
• YTD: 19.80%
• 6M: 21.05%
• 1Y: 40.27%
• 3Y*: 22.15%
• 5Y*: 11.84%
• 10Y*: 12.56%

DREIX

• 1D: 0.47%
• 1M: 4.95%
• YTD: 13.50%
• 6M: 14.66%
• 1Y: 30.89%
• 3Y*: 20.96%
• 5Y*: 11.17%
• 10Y*: 12.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MDGCX vs. DREIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MDGCX BlackRock Advantage Global Fund, Inc.	19.80%	23.61%	10.87%	22.43%	-17.94%	17.52%	15.61%	25.54%	-11.73%	23.41%
DREIX DFA World Core Equity Portfolio	13.50%	21.88%	14.91%	20.52%	-14.84%	19.09%	13.43%	25.48%	-12.30%	24.27%

Correlation

The correlation between MDGCX and DREIX 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 Aug 6, 2012	0.94

The correlation between MDGCX and DREIX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

MDGCX vs. DREIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MDGCX

MDGCX Risk / Return Rank: 91
MDGCX Sharpe Ratio Rank: 94
MDGCX Sortino Ratio Rank: 89
MDGCX Omega Ratio Rank: 86
MDGCX Calmar Ratio Rank: 92
MDGCX Martin Ratio Rank: 95

DREIX

DREIX Risk / Return Rank: 80
DREIX Sharpe Ratio Rank: 85
DREIX Sortino Ratio Rank: 81
DREIX Omega Ratio Rank: 77
DREIX Calmar Ratio Rank: 77
DREIX Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MDGCX vs. DREIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Advantage Global Fund, Inc. (MDGCX) and DFA World Core Equity Portfolio (DREIX). 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.

	MDGCX	DREIX	Difference
Sharpe ratio: Return per unit of total volatility	3.24	2.75	+0.50
Sortino ratio: Return per unit of downside risk	4.35	3.84	+0.51
Omega ratio: Gain probability vs. loss probability	1.59	1.50	+0.09
Calmar ratio: Return relative to maximum drawdown	5.05	3.47	+1.58
Martin ratio: Return relative to average drawdown	23.35	15.20	+8.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MDGCX vs. DREIX - Sharpe Ratio Comparison

The current MDGCX Sharpe Ratio is 3.24, which is comparable to the DREIX Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of MDGCX and DREIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MDGCX	DREIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.24	2.75	+0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.74	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.75	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.75	-0.09

Drawdowns

MDGCX vs. DREIX - Drawdown Comparison

The maximum MDGCX drawdown since its inception was -48.25%, which is greater than DREIX's maximum drawdown of -36.65%. Use the drawdown chart below to compare losses from any high point for MDGCX and DREIX.

Drawdown Indicators

	MDGCX	DREIX	Difference
Max Drawdown Largest peak-to-trough decline	-48.25%	-36.65%	-11.60%
Max Drawdown (1Y) Largest decline over 1 year	-8.07%	-9.15%	+1.08%
Max Drawdown (3Y) Largest decline over 3 years	-21.46%	-16.19%	-5.27%
Max Drawdown (5Y) Largest decline over 5 years	-26.68%	-24.83%	-1.85%
Max Drawdown (10Y) Largest decline over 10 years	-34.87%	-36.65%	+1.78%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.93%	-4.81%	-5.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	2.07%	-0.33%

Volatility

MDGCX vs. DREIX - Volatility Comparison

BlackRock Advantage Global Fund, Inc. (MDGCX) has a higher volatility of 3.75% compared to DFA World Core Equity Portfolio (DREIX) at 3.44%. This indicates that MDGCX's price experiences larger fluctuations and is considered to be riskier than DREIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MDGCX	DREIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.75%	3.44%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	10.02%	9.31%	+0.71%
Volatility (1Y) Calculated over the trailing 1-year period	12.57%	11.56%	+1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.15%	15.28%	+0.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.25%	16.47%	+0.78%

MDGCX vs. DREIX - Expense Ratio Comparison

MDGCX has a 0.96% expense ratio, which is higher than DREIX's 0.27% expense ratio.

Dividends

MDGCX vs. DREIX - Dividend Comparison

MDGCX's dividend yield for the trailing twelve months is around 7.44%, more than DREIX's 4.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DREIX DFA World Core Equity Portfolio	4.66%	5.06%	3.22%	3.23%	3.54%	1.40%	1.47%	2.12%	2.88%	1.42%	1.77%	2.11%
MDGCX BlackRock Advantage Global Fund, Inc.	7.44%	8.91%	7.78%	1.42%	1.75%	16.75%	3.77%	1.73%	4.06%	34.82%	0.65%	5.18%

Frequently Asked Questions

Can I hold both MDGCX and DREIX in my portfolio?

With a correlation of 0.94, MDGCX and DREIX 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.

Which is riskier, MDGCX or DREIX?

MDGCX has higher volatility (3.75%) compared to DREIX (3.44%). In terms of maximum drawdown, MDGCX dropped -48.25% vs DREIX's -36.65%.

Which has better risk-adjusted returns?

MDGCX currently has the higher Sharpe Ratio (3.24 vs 2.75), 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.