MDLOX vs. BRHYX
MDLOX (BlackRock Global Allocation Fund) and BRHYX (BlackRock High Yield K) are both mutual funds - MDLOX is a Global Allocation fund actively managed by BlackRock, while BRHYX is a High Yield Bonds fund managed by BlackRock. Over the past 10 years, MDLOX returned 7.89%/yr vs 5.67%/yr for BRHYX. Their 0.44 correlation means their historical movements had little consistent relationship. MDLOX charges 1.11%/yr vs 0.48%/yr for BRHYX.
Performance
MDLOX vs. BRHYX - Performance Comparison
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Returns By Period
In the year-to-date period, MDLOX achieves a 6.06% return, which is significantly higher than BRHYX's 1.22% return. Over the past 10 years, MDLOX has outperformed BRHYX with an annualized return of 7.89%, while BRHYX has yielded a comparatively lower 5.67% annualized return.
MDLOX
- 1D
- 1.66%
- 1M
- -1.55%
- 6M
- 3.20%
- YTD
- 6.06%
- 1Y
- 15.28%
- 3Y*
- 12.52%
- 5Y*
- 5.42%
- 10Y*
- 7.89%
- ALL TIME*
- 7.97%
BRHYX
- 1D
- 0.14%
- 1M
- -0.84%
- 6M
- 0.79%
- YTD
- 1.22%
- 1Y
- 5.26%
- 3Y*
- 8.54%
- 5Y*
- 4.12%
- 10Y*
- 5.67%
- ALL TIME*
- 6.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MDLOX vs. BRHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDLOX BlackRock Global Allocation Fund | 6.06% | 19.38% | 9.00% | 12.35% | -16.08% | 6.40% | 24.62% | 17.23% | -7.66% | 13.30% |
BRHYX BlackRock High Yield K | 1.22% | 9.44% | 8.65% | 13.26% | -11.18% | 5.47% | 5.98% | 15.65% | -2.67% | 8.34% |
Correlation
The correlation between MDLOX and BRHYX is 0.68, 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. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 1998 | 0.44 |
Over the past year, MDLOX and BRHYX have become more correlated (0.68) than their long-term average of 0.44, meaning their price movements have been converging.
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Return for Risk
MDLOX vs. BRHYX — Risk / Return Rank
MDLOX
BRHYX
MDLOX vs. BRHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Allocation Fund (MDLOX) and BlackRock High Yield K (BRHYX). 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.
| MDLOX | BRHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.34 | -0.58 |
| Martin ratioReturn relative to average drawdown | 7.11 | 11.03 | -3.92 |
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Drawdowns
MDLOX vs. BRHYX - Drawdown Comparison
The maximum MDLOX drawdown since its inception was -32.96%, smaller than the maximum BRHYX drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for MDLOX and BRHYX.
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Drawdown Indicators
| MDLOX | BRHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.96% | -34.77% | +1.81% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -2.40% | -5.90% |
Max Drawdown (3Y)Largest decline over 3 years | -10.08% | -4.07% | -6.01% |
Max Drawdown (5Y)Largest decline over 5 years | -22.89% | -15.29% | -7.60% |
Max Drawdown (10Y)Largest decline over 10 years | -22.89% | -23.20% | +0.31% |
Current DrawdownCurrent decline from peak | -2.53% | -0.98% | -1.55% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -2.72% | -1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 0.51% | +1.54% |
Volatility
MDLOX vs. BRHYX - Volatility Comparison
BlackRock Global Allocation Fund (MDLOX) has a higher volatility of 3.40% compared to BlackRock High Yield K (BRHYX) at 0.71%. This indicates that MDLOX's price experiences larger fluctuations and is considered to be riskier than BRHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDLOX | BRHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 0.71% | +2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 9.12% | 2.78% | +6.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.71% | 3.51% | +7.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.02% | 5.27% | +5.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.74% | 5.88% | +4.86% |
MDLOX vs. BRHYX - Expense Ratio Comparison
MDLOX has a 1.11% expense ratio, which is higher than BRHYX's 0.48% expense ratio.
Dividends
MDLOX vs. BRHYX - Dividend Comparison
MDLOX's dividend yield for the trailing twelve months is around 10.68%, more than BRHYX's 6.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRHYX BlackRock High Yield K | 6.62% | 7.14% | 7.56% | 6.20% | 4.98% | 4.80% | 5.22% | 5.82% | 6.48% | 5.92% | 6.03% | 6.42% |
MDLOX BlackRock Global Allocation Fund | 10.68% | 9.07% | 7.50% | 1.15% | 5.98% | 10.11% | 10.01% | 5.44% | 5.21% | 4.56% | 1.81% | 9.49% |
Frequently Asked Questions
MDLOX and BRHYX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDLOX has higher volatility (3.40%) compared to BRHYX (0.71%). In terms of maximum drawdown, MDLOX dropped -32.96% vs BRHYX's -34.77%.
BRHYX currently has the higher Sharpe Ratio (1.60 vs 1.36), 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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