MDLOX vs. VOO
MDLOX (BlackRock Global Allocation Fund) and VOO (Vanguard S&P 500 ETF) are both funds - MDLOX is a Global Allocation fund actively managed by BlackRock, while VOO is a S&P 500 fund tracking the S&P 500 Index. MDLOX is actively managed, while VOO is passively managed. Over the past 10 years, MDLOX returned 7.89%/yr vs 15.14%/yr for VOO. Their correlation of 0.90 means they have usually moved in the same direction. MDLOX charges 1.11%/yr vs 0.03%/yr for VOO.
Performance
MDLOX vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, MDLOX achieves a 6.06% return, which is significantly lower than VOO's 10.16% return. Over the past 10 years, MDLOX has underperformed VOO with an annualized return of 7.89%, while VOO has yielded a comparatively higher 15.14% 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%
VOO
- 1D
- 0.71%
- 1M
- 0.26%
- 6M
- 8.58%
- YTD
- 10.16%
- 1Y
- 21.58%
- 3Y*
- 19.42%
- 5Y*
- 12.83%
- 10Y*
- 15.14%
- ALL TIME*
- 14.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $3.82B | $3.78B | $5.44B |
MDLOX vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | 10.16% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between MDLOX and VOO is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.90 |
The correlation between MDLOX and VOO has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
MDLOX vs. VOO — Risk / Return Rank
MDLOX
VOO
MDLOX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Allocation Fund (MDLOX) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.28 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.21 | -0.45 |
| Martin ratioReturn relative to average drawdown | 7.11 | 9.44 | -2.33 |
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Drawdowns
MDLOX vs. VOO - Drawdown Comparison
The maximum MDLOX drawdown since its inception was -32.96%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for MDLOX and VOO.
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Drawdown Indicators
| MDLOX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.96% | -33.99% | +1.03% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -8.90% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -10.08% | -18.69% | +8.61% |
Max Drawdown (5Y)Largest decline over 5 years | -22.89% | -24.52% | +1.63% |
Max Drawdown (10Y)Largest decline over 10 years | -22.89% | -33.99% | +11.10% |
Current DrawdownCurrent decline from peak | -2.53% | -1.38% | -1.15% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -3.67% | -0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.08% | -0.03% |
Volatility
MDLOX vs. VOO - Volatility Comparison
BlackRock Global Allocation Fund (MDLOX) and Vanguard S&P 500 ETF (VOO) have volatilities of 3.40% and 3.54%, 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
| MDLOX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 3.54% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 9.12% | 10.10% | -0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.71% | 12.82% | -2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.02% | 16.93% | -5.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.74% | 18.01% | -7.27% |
MDLOX vs. VOO - Expense Ratio Comparison
MDLOX has a 1.11% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
MDLOX vs. VOO - Dividend Comparison
MDLOX's dividend yield for the trailing twelve months is around 10.68%, more than VOO's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VOO Vanguard S&P 500 ETF | 1.07% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
With a correlation of 0.91, MDLOX and VOO 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.
VOO has higher volatility (3.54%) compared to MDLOX (3.40%). In terms of maximum drawdown, MDLOX dropped -32.96% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (1.53 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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