MDLRX vs. WFSPX

Last updated Jun 5, 2026

MDLRX (BlackRock Advantage Large Cap Core Fund) and WFSPX (iShares S&P 500 Index Fund) are both mutual funds - MDLRX is a Large Cap Blend Equities fund tracking the Russell 1000 Index, while WFSPX is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, MDLRX returned 15.32%/yr vs 15.46%/yr for WFSPX. Their correlation of 0.95 suggests significant overlap in exposure. MDLRX charges 0.73%/yr vs 0.03%/yr for WFSPX.

Performance

MDLRX vs. WFSPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Advantage Large Cap Core Fund (MDLRX) and iShares S&P 500 Index Fund (WFSPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MDLRX achieves a 12.37% return, which is significantly higher than WFSPX's 10.87% return. Both investments have delivered pretty close results over the past 10 years, with MDLRX having a 15.32% annualized return and WFSPX not far ahead at 15.46%.

MDLRX

• 1D: -0.67%
• 1M: 4.45%
• YTD: 12.37%
• 6M: 13.10%
• 1Y: 33.06%
• 3Y*: 24.13%
• 5Y*: 13.52%
• 10Y*: 15.32%

WFSPX

• 1D: -0.74%
• 1M: 4.17%
• YTD: 10.87%
• 6M: 10.77%
• 1Y: 27.97%
• 3Y*: 22.41%
• 5Y*: 13.88%
• 10Y*: 15.46%

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

MDLRX vs. WFSPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MDLRX BlackRock Advantage Large Cap Core Fund	12.37%	20.08%	25.33%	25.28%	-20.31%	27.67%	19.64%	28.83%	-5.60%	20.29%
WFSPX iShares S&P 500 Index Fund	10.87%	17.83%	24.94%	26.25%	-18.14%	28.63%	18.43%	31.45%	-4.83%	21.27%

Correlation

The correlation between MDLRX and WFSPX is 0.99 - 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	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Dec 23, 1999	0.95

The correlation between MDLRX and WFSPX has been stable across timeframes, ranging from 0.95 to 0.99 - a consistent structural relationship.

Return for Risk

MDLRX vs. WFSPX — Risk / Return Rank

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

MDLRX

MDLRX Risk / Return Rank: 83
MDLRX Sharpe Ratio Rank: 85
MDLRX Sortino Ratio Rank: 78
MDLRX Omega Ratio Rank: 75
MDLRX Calmar Ratio Rank: 84
MDLRX Martin Ratio Rank: 92

WFSPX

WFSPX Risk / Return Rank: 66
WFSPX Sharpe Ratio Rank: 64
WFSPX Sortino Ratio Rank: 59
WFSPX Omega Ratio Rank: 60
WFSPX Calmar Ratio Rank: 67
WFSPX Martin Ratio Rank: 79

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. WFSPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Advantage Large Cap Core Fund (MDLRX) and iShares S&P 500 Index Fund (WFSPX). 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.

	MDLRX	WFSPX	Difference
Sharpe ratio: Return per unit of total volatility	2.73	2.37	+0.36
Sortino ratio: Return per unit of downside risk	3.71	3.24	+0.47
Omega ratio: Gain probability vs. loss probability	1.48	1.43	+0.05
Calmar ratio: Return relative to maximum drawdown	3.84	3.16	+0.68
Martin ratio: Return relative to average drawdown	19.14	14.75	+4.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MDLRX vs. WFSPX - Sharpe Ratio Comparison

The current MDLRX Sharpe Ratio is 2.73, which is comparable to the WFSPX Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of MDLRX and WFSPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MDLRX	WFSPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.73	2.37	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.83	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	0.86	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.13	+0.33

Drawdowns

MDLRX vs. WFSPX - Drawdown Comparison

The maximum MDLRX drawdown since its inception was -54.46%, smaller than the maximum WFSPX drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for MDLRX and WFSPX.

Drawdown Indicators

	MDLRX	WFSPX	Difference
Max Drawdown Largest peak-to-trough decline	-54.46%	-58.21%	+3.75%
Max Drawdown (1Y) Largest decline over 1 year	-8.69%	-8.90%	+0.21%
Max Drawdown (3Y) Largest decline over 3 years	-19.63%	-18.74%	-0.89%
Max Drawdown (5Y) Largest decline over 5 years	-26.35%	-24.51%	-1.84%
Max Drawdown (10Y) Largest decline over 10 years	-34.28%	-33.74%	-0.54%
Current Drawdown Current decline from peak	-0.67%	-0.74%	+0.07%
Average Drawdown Average peak-to-trough decline	-11.61%	-12.77%	+1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	1.90%	-0.16%

Volatility

MDLRX vs. WFSPX - Volatility Comparison

BlackRock Advantage Large Cap Core Fund (MDLRX) and iShares S&P 500 Index Fund (WFSPX) have volatilities of 2.95% and 2.92%, 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.

Volatility by Period

	MDLRX	WFSPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	2.92%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	9.38%	8.99%	+0.39%
Volatility (1Y) Calculated over the trailing 1-year period	12.24%	11.88%	+0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.36%	16.88%	+0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.38%	18.02%	+0.36%

MDLRX vs. WFSPX - Expense Ratio Comparison

MDLRX has a 0.73% expense ratio, which is higher than WFSPX's 0.03% expense ratio.

Dividends

MDLRX vs. WFSPX - Dividend Comparison

MDLRX's dividend yield for the trailing twelve months is around 8.02%, more than WFSPX's 1.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MDLRX BlackRock Advantage Large Cap Core Fund	8.02%	9.01%	14.81%	0.81%	6.61%	20.27%	4.75%	3.99%	10.26%	37.74%	6.17%	2.87%
WFSPX iShares S&P 500 Index Fund	1.58%	1.72%	1.41%	1.50%	2.02%	1.82%	1.66%	1.99%	2.00%	1.62%	2.37%	2.49%

Frequently Asked Questions

Can I hold both MDLRX and WFSPX in my portfolio?

With a correlation of 0.99, MDLRX and WFSPX 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.

Which is riskier, MDLRX or WFSPX?

MDLRX has higher volatility (2.95%) compared to WFSPX (2.92%). In terms of maximum drawdown, MDLRX dropped -54.46% vs WFSPX's -58.21%.

Which has better risk-adjusted returns?

MDLRX currently has the higher Sharpe Ratio (2.73 vs 2.37), 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.