MDIIX vs. BSPPX
MDIIX (iShares MSCI EAFE International Index Fund) and BSPPX (iShares S&P 500 Index Fund Investor P Shares) are both mutual funds - MDIIX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index (Net), while BSPPX is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, MDIIX returned 9.10%/yr vs 13.21%/yr for BSPPX. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
MDIIX vs. BSPPX - Performance Comparison
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Returns By Period
In the year-to-date period, MDIIX achieves a 10.73% return, which is significantly higher than BSPPX's 9.60% return.
MDIIX
- 1D
- 0.19%
- 1M
- 2.16%
- YTD
- 10.73%
- 6M
- 10.21%
- 1Y
- 24.34%
- 3Y*
- 17.38%
- 5Y*
- 9.10%
- 10Y*
- 9.93%
BSPPX
- 1D
- -0.37%
- 1M
- 0.07%
- YTD
- 9.60%
- 6M
- 8.59%
- 1Y
- 25.05%
- 3Y*
- 20.96%
- 5Y*
- 13.21%
- 10Y*
- —
MDIIX vs. BSPPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MDIIX iShares MSCI EAFE International Index Fund | 10.73% | 31.36% | 3.36% | 18.04% | -14.33% | 10.98% | 7.68% | 21.55% | -13.11% |
BSPPX iShares S&P 500 Index Fund Investor P Shares | 9.60% | 17.46% | 24.54% | 25.85% | -18.40% | 28.23% | 18.05% | 31.02% | -13.57% |
Correlation
The correlation between MDIIX and BSPPX is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2018 | 0.78 |
The correlation between MDIIX and BSPPX has been stable across timeframes, ranging from 0.72 to 0.78 - a consistent structural relationship.
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Return for Risk
MDIIX vs. BSPPX — Risk / Return Rank
MDIIX
BSPPX
MDIIX vs. BSPPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE International Index Fund (MDIIX) and iShares S&P 500 Index Fund Investor P Shares (BSPPX). 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 | BSPPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.38 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 2.95 | -0.70 |
| Martin ratioReturn relative to average drawdown | 8.38 | 13.27 | -4.90 |
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Drawdowns
MDIIX vs. BSPPX - Drawdown Comparison
The maximum MDIIX drawdown since its inception was -61.26%, which is greater than BSPPX's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for MDIIX and BSPPX.
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Drawdown Indicators
| MDIIX | BSPPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.26% | -33.76% | -27.50% |
Max Drawdown (1Y)Largest decline over 1 year | -11.32% | -8.95% | -2.37% |
Max Drawdown (3Y)Largest decline over 3 years | -13.67% | -18.77% | +5.10% |
Max Drawdown (5Y)Largest decline over 5 years | -29.43% | -24.70% | -4.73% |
Max Drawdown (10Y)Largest decline over 10 years | -34.34% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.74% | +1.74% |
Average DrawdownAverage peak-to-trough decline | -15.54% | -5.20% | -10.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 1.98% | +1.05% |
Volatility
MDIIX vs. BSPPX - Volatility Comparison
iShares MSCI EAFE International Index Fund (MDIIX) and iShares S&P 500 Index Fund Investor P Shares (BSPPX) have volatilities of 4.78% and 4.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDIIX | BSPPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 4.67% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 9.83% | +2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.49% | 12.49% | +3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.25% | 16.97% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.62% | 19.73% | -3.11% |
MDIIX vs. BSPPX - Expense Ratio Comparison
Both MDIIX and BSPPX have an expense ratio of 0.35%.
Dividends
MDIIX vs. BSPPX - Dividend Comparison
MDIIX's dividend yield for the trailing twelve months is around 3.16%, more than BSPPX's 1.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSPPX iShares S&P 500 Index Fund Investor P Shares | 1.32% | 1.43% | 1.12% | 1.22% | 1.67% | 1.53% | 1.38% | 1.70% | 1.35% | 0.00% | 0.00% | 0.00% |
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
MDIIX and BSPPX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDIIX has higher volatility (4.78%) compared to BSPPX (4.67%). In terms of maximum drawdown, MDIIX dropped -61.26% vs BSPPX's -33.76%.
BSPPX currently has the higher Sharpe Ratio (2.12 vs 1.65), 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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