MDLVX vs. ADVGX
MDLVX (BlackRock Advantage Large Cap Value Fund Investor A) and ADVGX (North Square Advisory Research Small Cap Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, MDLVX returned 12.57%/yr vs 12.64%/yr for ADVGX. Their correlation of 0.90 means they have usually moved in the same direction. MDLVX charges 0.79%/yr vs 0.95%/yr for ADVGX.
Performance
MDLVX vs. ADVGX - Performance Comparison
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Returns By Period
In the year-to-date period, MDLVX achieves a 21.24% return, which is significantly lower than ADVGX's 25.57% return. Both investments have delivered pretty close results over the past 10 years, with MDLVX having a 12.57% annualized return and ADVGX not far ahead at 12.64%.
MDLVX
- 1D
- -1.14%
- 1M
- 2.39%
- 6M
- 16.49%
- YTD
- 21.24%
- 1Y
- 33.78%
- 3Y*
- 19.95%
- 5Y*
- 12.43%
- 10Y*
- 12.57%
- ALL TIME*
- 8.89%
ADVGX
- 1D
- 1.16%
- 1M
- 1.84%
- 6M
- 19.60%
- YTD
- 25.57%
- 1Y
- 28.69%
- 3Y*
- 19.58%
- 5Y*
- 11.98%
- 10Y*
- 12.64%
- ALL TIME*
- 11.69%
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 |
MDLVX vs. ADVGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDLVX BlackRock Advantage Large Cap Value Fund Investor A | 21.24% | 18.11% | 15.08% | 13.43% | -8.89% | 26.20% | 3.64% | 24.39% | -7.94% | 15.80% |
ADVGX North Square Advisory Research Small Cap Value Fund | 25.57% | 7.13% | 15.52% | 20.90% | -12.98% | 29.94% | -2.61% | 27.64% | -3.27% | 19.60% |
Correlation
The correlation between MDLVX and ADVGX is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2009 | 0.90 |
Over the past year, the correlation between MDLVX and ADVGX has dropped to 0.69 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.
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Return for Risk
MDLVX vs. ADVGX — Risk / Return Rank
MDLVX
ADVGX
MDLVX vs. ADVGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Advantage Large Cap Value Fund Investor A (MDLVX) and North Square Advisory Research Small Cap Value Fund (ADVGX). 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.
| MDLVX | ADVGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.25 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 5.19 | 1.89 | +3.30 |
| Martin ratioReturn relative to average drawdown | 23.94 | 5.00 | +18.94 |
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Drawdowns
MDLVX vs. ADVGX - Drawdown Comparison
The maximum MDLVX drawdown since its inception was -55.49%, which is greater than ADVGX's maximum drawdown of -41.34%. Use the drawdown chart below to compare losses from any high point for MDLVX and ADVGX.
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Drawdown Indicators
| MDLVX | ADVGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.49% | -41.34% | -14.15% |
Max Drawdown (1Y)Largest decline over 1 year | -6.54% | -14.92% | +8.38% |
Max Drawdown (3Y)Largest decline over 3 years | -16.19% | -27.69% | +11.50% |
Max Drawdown (5Y)Largest decline over 5 years | -19.87% | -27.69% | +7.82% |
Max Drawdown (10Y)Largest decline over 10 years | -37.11% | -41.34% | +4.23% |
Current DrawdownCurrent decline from peak | -1.14% | 0.00% | -1.14% |
Average DrawdownAverage peak-to-trough decline | -8.91% | -5.53% | -3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 5.64% | -4.21% |
Volatility
MDLVX vs. ADVGX - Volatility Comparison
The current volatility for BlackRock Advantage Large Cap Value Fund Investor A (MDLVX) is 2.65%, while North Square Advisory Research Small Cap Value Fund (ADVGX) has a volatility of 4.99%. This indicates that MDLVX experiences smaller price fluctuations and is considered to be less risky than ADVGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDLVX | ADVGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 4.99% | -2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 8.87% | 14.12% | -5.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.35% | 19.30% | -7.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.77% | 21.56% | -6.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.23% | 21.09% | -3.86% |
MDLVX vs. ADVGX - Expense Ratio Comparison
MDLVX has a 0.79% expense ratio, which is lower than ADVGX's 0.95% expense ratio.
Dividends
MDLVX vs. ADVGX - Dividend Comparison
MDLVX's dividend yield for the trailing twelve months is around 10.88%, more than ADVGX's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADVGX North Square Advisory Research Small Cap Value Fund | 4.53% | 5.68% | 1.16% | 0.85% | 6.87% | 7.52% | 11.47% | 11.43% | 41.46% | 9.66% | 7.34% | 19.79% |
MDLVX BlackRock Advantage Large Cap Value Fund Investor A | 10.88% | 9.33% | 14.55% | 2.68% | 5.86% | 17.69% | 1.49% | 3.76% | 12.92% | 0.43% | 1.06% | 0.70% |
Frequently Asked Questions
MDLVX and ADVGX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADVGX has higher volatility (4.99%) compared to MDLVX (2.65%). In terms of maximum drawdown, MDLVX dropped -55.49% vs ADVGX's -41.34%.
MDLVX currently has the higher Sharpe Ratio (2.99 vs 1.46), 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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