MDLOX vs. FFANX
MDLOX (BlackRock Global Allocation Fund) and FFANX (Fidelity Asset Manager 40% Fund) are both mutual funds - MDLOX is a Global Allocation fund actively managed by BlackRock, while FFANX is a Diversified Portfolio fund managed by BlackRock. Over the past 10 years, MDLOX returned 8.60%/yr vs 6.99%/yr for FFANX. Their correlation of 0.93 suggests significant overlap in exposure. MDLOX charges 1.11%/yr vs 0.52%/yr for FFANX.
Performance
MDLOX vs. FFANX - Performance Comparison
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Returns By Period
In the year-to-date period, MDLOX achieves a 8.22% return, which is significantly higher than FFANX's 7.45% return. Over the past 10 years, MDLOX has outperformed FFANX with an annualized return of 8.60%, while FFANX has yielded a comparatively lower 6.99% annualized return.
MDLOX
- 1D
- -0.41%
- 1M
- 1.91%
- YTD
- 8.22%
- 6M
- 7.74%
- 1Y
- 19.34%
- 3Y*
- 14.36%
- 5Y*
- 5.91%
- 10Y*
- 8.60%
FFANX
- 1D
- -0.13%
- 1M
- 1.41%
- YTD
- 7.45%
- 6M
- 7.31%
- 1Y
- 16.42%
- 3Y*
- 11.28%
- 5Y*
- 5.36%
- 10Y*
- 6.99%
MDLOX vs. FFANX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDLOX BlackRock Global Allocation Fund | 8.22% | 19.38% | 9.00% | 12.35% | -16.08% | 6.40% | 24.62% | 17.23% | -7.66% | 13.30% |
FFANX Fidelity Asset Manager 40% Fund | 7.45% | 13.16% | 7.40% | 11.52% | -13.62% | 8.03% | 13.10% | 15.81% | -4.06% | 11.25% |
Correlation
The correlation between MDLOX and FFANX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2007 | 0.93 |
The correlation between MDLOX and FFANX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
MDLOX vs. FFANX — Risk / Return Rank
MDLOX
FFANX
MDLOX vs. FFANX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Allocation Fund (MDLOX) and Fidelity Asset Manager 40% Fund (FFANX). 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 | FFANX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.47 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 3.27 | -0.84 |
| Martin ratioReturn relative to average drawdown | 10.28 | 13.95 | -3.67 |
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Drawdowns
MDLOX vs. FFANX - Drawdown Comparison
The maximum MDLOX drawdown since its inception was -32.96%, roughly equal to the maximum FFANX drawdown of -31.69%. Use the drawdown chart below to compare losses from any high point for MDLOX and FFANX.
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Drawdown Indicators
| MDLOX | FFANX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.96% | -31.69% | -1.27% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -5.20% | -3.10% |
Max Drawdown (3Y)Largest decline over 3 years | -10.08% | -7.55% | -2.53% |
Max Drawdown (5Y)Largest decline over 5 years | -22.89% | -18.52% | -4.37% |
Max Drawdown (10Y)Largest decline over 10 years | -22.89% | -18.52% | -4.37% |
Current DrawdownCurrent decline from peak | -0.55% | -0.13% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -4.47% | -3.79% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 1.22% | +0.74% |
Volatility
MDLOX vs. FFANX - Volatility Comparison
BlackRock Global Allocation Fund (MDLOX) has a higher volatility of 4.05% compared to Fidelity Asset Manager 40% Fund (FFANX) at 2.94%. This indicates that MDLOX's price experiences larger fluctuations and is considered to be riskier than FFANX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDLOX | FFANX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 2.94% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 8.61% | 6.01% | +2.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.22% | 7.09% | +3.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.96% | 7.94% | +3.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.76% | 7.74% | +3.02% |
MDLOX vs. FFANX - Expense Ratio Comparison
MDLOX has a 1.11% expense ratio, which is higher than FFANX's 0.52% expense ratio.
Dividends
MDLOX vs. FFANX - Dividend Comparison
MDLOX's dividend yield for the trailing twelve months is around 8.38%, more than FFANX's 3.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFANX Fidelity Asset Manager 40% Fund | 3.65% | 3.97% | 2.81% | 2.49% | 5.75% | 2.35% | 2.36% | 3.67% | 4.56% | 2.56% | 1.43% | 3.18% |
MDLOX BlackRock Global Allocation Fund | 8.38% | 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
With a correlation of 0.95, MDLOX and FFANX 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.
MDLOX has higher volatility (4.05%) compared to FFANX (2.94%). In terms of maximum drawdown, MDLOX dropped -32.96% vs FFANX's -31.69%.
FFANX currently has the higher Sharpe Ratio (2.40 vs 1.97), 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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