MDIIX vs. BDOKX

Last updated Jun 23, 2026

MDIIX (iShares MSCI EAFE International Index Fund) and BDOKX (iShares MSCI Total International Index Fund Class K) are both Foreign Large Cap Equities funds from iShares - MDIIX tracks the MSCI EAFE Index (Net) while BDOKX tracks the MSCI ACWI ex USA Index. Both are passively managed. Over the past 10 years, MDIIX returned 9.34%/yr vs 10.00%/yr for BDOKX. With a 0.97 correlation, they move nearly in lockstep. MDIIX charges 0.35%/yr vs 0.09%/yr for BDOKX.

Performance

MDIIX vs. BDOKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI EAFE International Index Fund (MDIIX) and iShares MSCI Total International Index Fund Class K (BDOKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MDIIX achieves a 10.52% return, which is significantly lower than BDOKX's 16.32% return. Over the past 10 years, MDIIX has underperformed BDOKX with an annualized return of 9.34%, while BDOKX has yielded a comparatively higher 10.00% annualized return.

MDIIX

• 1D: 0.81%
• 1M: 1.97%
• YTD: 10.52%
• 6M: 10.93%
• 1Y: 25.09%
• 3Y*: 16.04%
• 5Y*: 9.19%
• 10Y*: 9.34%

BDOKX

• 1D: 1.48%
• 1M: 3.65%
• YTD: 16.32%
• 6M: 17.04%
• 1Y: 34.71%
• 3Y*: 18.83%
• 5Y*: 9.25%
• 10Y*: 10.00%

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

MDIIX vs. BDOKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MDIIX iShares MSCI EAFE International Index Fund	10.52%	31.36%	3.36%	18.04%	-14.33%	10.98%	7.68%	21.55%	-13.62%	24.84%
BDOKX iShares MSCI Total International Index Fund Class K	16.32%	32.56%	5.37%	15.26%	-16.40%	7.68%	10.77%	23.11%	-13.91%	26.40%

Correlation

The correlation between MDIIX and BDOKX is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jun 30, 2011	0.97

The correlation between MDIIX and BDOKX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

MDIIX vs. BDOKX — Risk / Return Rank

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

MDIIX

MDIIX Risk / Return Rank: 35
MDIIX Sharpe Ratio Rank: 34
MDIIX Sortino Ratio Rank: 33
MDIIX Omega Ratio Rank: 33
MDIIX Calmar Ratio Rank: 35
MDIIX Martin Ratio Rank: 39

BDOKX

BDOKX Risk / Return Rank: 63
BDOKX Sharpe Ratio Rank: 64
BDOKX Sortino Ratio Rank: 58
BDOKX Omega Ratio Rank: 63
BDOKX Calmar Ratio Rank: 66
BDOKX Martin Ratio Rank: 62

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.

MDIIX vs. BDOKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE International Index Fund (MDIIX) and iShares MSCI Total International Index Fund Class K (BDOKX). 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.

	MDIIX	BDOKX	Difference
Sharpe ratio: Return per unit of total volatility	1.56	2.17	-0.60
Sortino ratio: Return per unit of downside risk	2.23	2.92	-0.69
Omega ratio: Gain probability vs. loss probability	1.28	1.40	-0.12
Calmar ratio: Return relative to maximum drawdown	2.14	2.98	-0.84
Martin ratio: Return relative to average drawdown	7.97	11.58	-3.61

MDIIX vs. BDOKX - Sharpe Ratio Comparison

The current MDIIX Sharpe Ratio is 1.56, which is comparable to the BDOKX Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of MDIIX and BDOKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MDIIX vs. BDOKX - Drawdown Comparison

The maximum MDIIX drawdown since its inception was -61.26%, which is greater than BDOKX's maximum drawdown of -34.22%. Use the drawdown chart below to compare losses from any high point for MDIIX and BDOKX.

Drawdown Indicators

	MDIIX	BDOKX	Difference
Max Drawdown Largest peak-to-trough decline	-61.26%	-34.22%	-27.04%
Max Drawdown (1Y) Largest decline over 1 year	-11.32%	-11.38%	+0.06%
Max Drawdown (3Y) Largest decline over 3 years	-13.67%	-13.54%	-0.13%
Max Drawdown (5Y) Largest decline over 5 years	-29.43%	-30.00%	+0.57%
Max Drawdown (10Y) Largest decline over 10 years	-34.34%	-34.22%	-0.12%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-15.54%	-8.20%	-7.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	2.93%	+0.10%

Volatility

MDIIX vs. BDOKX - Volatility Comparison

The current volatility for iShares MSCI EAFE International Index Fund (MDIIX) is 4.95%, while iShares MSCI Total International Index Fund Class K (BDOKX) has a volatility of 6.53%. This indicates that MDIIX experiences smaller price fluctuations and is considered to be less risky than BDOKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MDIIX	BDOKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.95%	6.53%	-1.58%
Volatility (6M) Calculated over the trailing 6-month period	12.85%	13.58%	-0.73%
Volatility (1Y) Calculated over the trailing 1-year period	15.49%	15.66%	-0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.25%	15.65%	+0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.65%	16.32%	+0.33%

MDIIX vs. BDOKX - Expense Ratio Comparison

MDIIX has a 0.35% expense ratio, which is higher than BDOKX's 0.09% expense ratio.

Dividends

MDIIX vs. BDOKX - Dividend Comparison

MDIIX's dividend yield for the trailing twelve months is around 3.16%, more than BDOKX's 2.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BDOKX iShares MSCI Total International Index Fund Class K	2.47%	3.01%	2.84%	2.94%	2.84%	3.01%	1.98%	4.48%	3.28%	1.81%	3.51%	3.87%
MDIIX iShares MSCI EAFE International Index Fund	3.16%	3.49%	3.15%	2.94%	2.52%	2.78%	1.72%	3.05%	4.24%	2.21%	2.60%	1.94%

Frequently Asked Questions

Can I hold both MDIIX and BDOKX in my portfolio?

With a correlation of 0.95, MDIIX and BDOKX 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, MDIIX or BDOKX?

BDOKX has higher volatility (6.53%) compared to MDIIX (4.95%). In terms of maximum drawdown, MDIIX dropped -61.26% vs BDOKX's -34.22%.

Which has better risk-adjusted returns?

BDOKX currently has the higher Sharpe Ratio (2.17 vs 1.56), 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.