MDLOX vs. VTCLX
MDLOX (BlackRock Global Allocation Fund) and VTCLX (Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares) are both mutual funds - MDLOX is a Global Allocation fund actively managed by BlackRock, while VTCLX is a Large Cap Blend Equities fund tracking the Russell 1000 Index. MDLOX is actively managed, while VTCLX is passively managed. Over the past 10 years, MDLOX returned 7.89%/yr vs 14.86%/yr for VTCLX. Their correlation of 0.87 means they have usually moved in the same direction. MDLOX charges 1.11%/yr vs 0.05%/yr for VTCLX.
Performance
MDLOX vs. VTCLX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MDLOX achieves a 6.06% return, which is significantly lower than VTCLX's 9.27% return. Over the past 10 years, MDLOX has underperformed VTCLX with an annualized return of 7.89%, while VTCLX has yielded a comparatively higher 14.86% 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%
VTCLX
- 1D
- 1.63%
- 1M
- -0.80%
- 6M
- 7.72%
- YTD
- 9.27%
- 1Y
- 20.40%
- 3Y*
- 18.54%
- 5Y*
- 11.93%
- 10Y*
- 14.86%
- ALL TIME*
- 10.08%
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. VTCLX - 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% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 9.27% | 17.44% | 23.76% | 26.62% | -19.07% | 26.87% | 21.08% | 31.47% | -4.98% | 22.40% |
Correlation
The correlation between MDLOX and VTCLX is 0.92, 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. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2001 | 0.87 |
The correlation between MDLOX and VTCLX has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MDLOX vs. VTCLX — Risk / Return Rank
MDLOX
VTCLX
MDLOX vs. VTCLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Allocation Fund (MDLOX) and Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX). 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 | VTCLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.07 | -0.31 |
| Martin ratioReturn relative to average drawdown | 7.11 | 8.96 | -1.85 |
Loading charts...
Drawdowns
MDLOX vs. VTCLX - Drawdown Comparison
The maximum MDLOX drawdown since its inception was -32.96%, smaller than the maximum VTCLX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for MDLOX and VTCLX.
Loading charts...
Drawdown Indicators
| MDLOX | VTCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.96% | -55.18% | +22.22% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -8.79% | +0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -10.08% | -19.01% | +8.93% |
Max Drawdown (5Y)Largest decline over 5 years | -22.89% | -24.98% | +2.09% |
Max Drawdown (10Y)Largest decline over 10 years | -22.89% | -34.56% | +11.67% |
Current DrawdownCurrent decline from peak | -2.53% | -1.83% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -7.53% | +3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.02% | +0.03% |
Volatility
MDLOX vs. VTCLX - Volatility Comparison
BlackRock Global Allocation Fund (MDLOX) and Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) have volatilities of 3.40% and 3.41%, 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.
Loading charts...
Volatility by Period
| MDLOX | VTCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 3.41% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.12% | 10.16% | -1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.71% | 12.97% | -2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.02% | 17.33% | -6.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.74% | 18.27% | -7.53% |
MDLOX vs. VTCLX - Expense Ratio Comparison
MDLOX has a 1.11% expense ratio, which is higher than VTCLX's 0.05% expense ratio.
Dividends
MDLOX vs. VTCLX - Dividend Comparison
MDLOX's dividend yield for the trailing twelve months is around 10.68%, more than VTCLX's 0.91% 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% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 0.91% | 0.93% | 1.04% | 1.24% | 1.47% | 1.04% | 1.32% | 1.52% | 1.83% | 1.57% | 1.76% | 1.69% |
Frequently Asked Questions
With a correlation of 0.92, MDLOX and VTCLX 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.
VTCLX has higher volatility (3.41%) compared to MDLOX (3.40%). In terms of maximum drawdown, MDLOX dropped -32.96% vs VTCLX's -55.18%.
VTCLX currently has the higher Sharpe Ratio (1.40 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.
Find the right allocation for MDLOX and VTCLX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer