MDLRX vs. AMFEX

Last updated Jun 23, 2026

MDLRX (BlackRock Advantage Large Cap Core Fund) and AMFEX (AAMA Equity Fund) are both Large Cap Blend Equities funds. Over the past 5 years, MDLRX returned 14.05%/yr vs 11.74%/yr for AMFEX. With a 0.96 correlation, they move nearly in lockstep. MDLRX charges 0.73%/yr vs 1.17%/yr for AMFEX.

Performance

MDLRX vs. AMFEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Advantage Large Cap Core Fund (MDLRX) and AAMA Equity Fund (AMFEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with MDLRX having a 13.03% return and AMFEX slightly higher at 13.30%.

MDLRX

• 1D: 0.99%
• 1M: 2.04%
• YTD: 13.03%
• 6M: 12.63%
• 1Y: 33.78%
• 3Y*: 22.93%
• 5Y*: 14.05%
• 10Y*: 15.55%

AMFEX

• 1D: 0.52%
• 1M: 0.61%
• YTD: 13.30%
• 6M: 12.96%
• 1Y: 28.56%
• 3Y*: 18.13%
• 5Y*: 11.74%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MDLRX vs. AMFEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MDLRX BlackRock Advantage Large Cap Core Fund	13.03%	20.08%	25.33%	25.28%	-20.31%	27.67%	19.64%	28.83%	-9.16%
AMFEX AAMA Equity Fund	13.30%	17.33%	16.28%	17.32%	-14.08%	22.58%	12.70%	24.62%	-9.60%

Correlation

The correlation between MDLRX and AMFEX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Nov 7, 2018	0.96

The correlation between MDLRX and AMFEX shifts across timeframes, from 0.85 (1 year) to 0.96 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MDLRX vs. AMFEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MDLRX

MDLRX Risk / Return Rank: 85
MDLRX Sharpe Ratio Rank: 87
MDLRX Sortino Ratio Rank: 81
MDLRX Omega Ratio Rank: 78
MDLRX Calmar Ratio Rank: 86
MDLRX Martin Ratio Rank: 94

AMFEX

AMFEX Risk / Return Rank: 90
AMFEX Sharpe Ratio Rank: 93
AMFEX Sortino Ratio Rank: 87
AMFEX Omega Ratio Rank: 84
AMFEX Calmar Ratio Rank: 92
AMFEX Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MDLRX vs. AMFEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Advantage Large Cap Core Fund (MDLRX) and AAMA Equity Fund (AMFEX). 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.

	MDLRX	AMFEX	Difference
Sharpe ratio: Return per unit of total volatility	2.61	2.89	-0.28
Sortino ratio: Return per unit of downside risk	3.51	3.89	-0.37
Omega ratio: Gain probability vs. loss probability	1.46	1.52	-0.06
Calmar ratio: Return relative to maximum drawdown	3.87	4.70	-0.83
Martin ratio: Return relative to average drawdown	18.81	19.91	-1.11

MDLRX vs. AMFEX - Sharpe Ratio Comparison

The current MDLRX Sharpe Ratio is 2.61, which is comparable to the AMFEX Sharpe Ratio of 2.89. The chart below compares the historical Sharpe Ratios of MDLRX and AMFEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MDLRX vs. AMFEX - Drawdown Comparison

The maximum MDLRX drawdown since its inception was -54.46%, which is greater than AMFEX's maximum drawdown of -30.41%. Use the drawdown chart below to compare losses from any high point for MDLRX and AMFEX.

Drawdown Indicators

	MDLRX	AMFEX	Difference
Max Drawdown Largest peak-to-trough decline	-54.46%	-30.41%	-24.05%
Max Drawdown (1Y) Largest decline over 1 year	-8.69%	-6.07%	-2.62%
Max Drawdown (3Y) Largest decline over 3 years	-19.63%	-15.23%	-4.40%
Max Drawdown (5Y) Largest decline over 5 years	-26.35%	-21.21%	-5.14%
Max Drawdown (10Y) Largest decline over 10 years	-34.28%	—	—
Current Drawdown Current decline from peak	-0.47%	-0.65%	+0.18%
Average Drawdown Average peak-to-trough decline	-11.59%	-4.28%	-7.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	1.43%	+0.35%

Volatility

MDLRX vs. AMFEX - Volatility Comparison

BlackRock Advantage Large Cap Core Fund (MDLRX) has a higher volatility of 4.93% compared to AAMA Equity Fund (AMFEX) at 3.69%. This indicates that MDLRX's price experiences larger fluctuations and is considered to be riskier than AMFEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MDLRX	AMFEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.93%	3.69%	+1.24%
Volatility (6M) Calculated over the trailing 6-month period	10.31%	7.70%	+2.61%
Volatility (1Y) Calculated over the trailing 1-year period	12.87%	9.89%	+2.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.46%	14.24%	+3.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.42%	16.93%	+1.49%

MDLRX vs. AMFEX - Expense Ratio Comparison

MDLRX has a 0.73% expense ratio, which is lower than AMFEX's 1.17% expense ratio.

Dividends

MDLRX vs. AMFEX - Dividend Comparison

MDLRX's dividend yield for the trailing twelve months is around 7.97%, less than AMFEX's 10.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMFEX AAMA Equity Fund	10.58%	11.99%	9.19%	0.92%	4.82%	0.22%	0.44%	0.78%	0.83%	0.00%	0.00%	0.00%
MDLRX BlackRock Advantage Large Cap Core Fund	7.97%	9.01%	14.81%	0.81%	6.61%	20.27%	4.75%	3.99%	10.26%	37.74%	6.17%	2.87%

Frequently Asked Questions

Can I hold both MDLRX and AMFEX in my portfolio?

MDLRX and AMFEX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MDLRX or AMFEX?

MDLRX has higher volatility (4.93%) compared to AMFEX (3.69%). In terms of maximum drawdown, MDLRX dropped -54.46% vs AMFEX's -30.41%.

Which has better risk-adjusted returns?

AMFEX currently has the higher Sharpe Ratio (2.89 vs 2.61), 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.