MDLVX vs. VIVIX

Last updated Jul 30, 2026

MDLVX (BlackRock Advantage Large Cap Value Fund Investor A) and VIVIX (Vanguard Value Index Fund Institutional Shares) are both Large Cap Value Equities funds. MDLVX is actively managed, while VIVIX is passively managed. Over the past 10 years, MDLVX returned 12.57%/yr vs 12.61%/yr for VIVIX. Their correlation of 0.94 means they have usually moved in the same direction. MDLVX charges 0.79%/yr vs 0.03%/yr for VIVIX.

Performance

MDLVX vs. VIVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Advantage Large Cap Value Fund Investor A (MDLVX) and Vanguard Value Index Fund Institutional Shares (VIVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MDLVX achieves a 21.24% return, which is significantly higher than VIVIX's 17.92% return. Both investments have delivered pretty close results over the past 10 years, with MDLVX having a 12.57% annualized return and VIVIX not far ahead at 12.61%.

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%

VIVIX

• 1D: 0.54%
• 1M: 1.96%
• 6M: 13.59%
• YTD: 17.92%
• 1Y: 26.65%
• 3Y*: 17.63%
• 5Y*: 12.48%
• 10Y*: 12.61%
• ALL TIME*: 8.06%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MDLVX BlackRock Advantage Large Cap Value Fund Investor A	$0.00	$0.00	$0.00
VIVIX Vanguard Value Index Fund Institutional Shares	$0.00	$0.00	$0.00

MDLVX vs. VIVIX - 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%
VIVIX Vanguard Value Index Fund Institutional Shares	17.92%	15.30%	15.99%	9.23%	-2.05%	26.50%	2.30%	25.83%	-5.44%	17.14%

Correlation

The correlation between MDLVX and VIVIX 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.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (10Y) Provides a long-term view across more market conditions.	0.97
Correlation (All Time) Calculated using the full available price history since Dec 22, 1999	0.94

The correlation between MDLVX and VIVIX has been stable across timeframes, ranging from 0.91 to 0.97 - a consistent structural relationship.

Return for Risk

MDLVX vs. VIVIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MDLVX

MDLVX Risk / Return Rank: 96
MDLVX Sharpe Ratio Rank: 98
MDLVX Sortino Ratio Rank: 96
MDLVX Omega Ratio Rank: 92
MDLVX Calmar Ratio Rank: 97
MDLVX Martin Ratio Rank: 98

VIVIX

VIVIX Risk / Return Rank: 93
VIVIX Sharpe Ratio Rank: 95
VIVIX Sortino Ratio Rank: 93
VIVIX Omega Ratio Rank: 88
VIVIX Calmar Ratio Rank: 95
VIVIX Martin Ratio Rank: 95

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MDLVX vs. VIVIX - 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 Vanguard Value Index Fund Institutional Shares (VIVIX). 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	VIVIX	Difference
Sharpe ratio: Return per unit of total volatility	2.99	2.61	+0.38
Sortino ratio: Return per unit of downside risk	4.17	3.75	+0.42
Omega ratio: Gain probability vs. loss probability	1.54	1.47	+0.07
Calmar ratio: Return relative to maximum drawdown	5.19	4.21	+0.98
Martin ratio: Return relative to average drawdown	23.94	16.06	+7.88

MDLVX vs. VIVIX - Sharpe Ratio Comparison

The current MDLVX Sharpe Ratio is 2.99, which is comparable to the VIVIX Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of MDLVX and VIVIX, 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

MDLVX vs. VIVIX - Drawdown Comparison

The maximum MDLVX drawdown since its inception was -55.49%, smaller than the maximum VIVIX drawdown of -59.30%. Use the drawdown chart below to compare losses from any high point for MDLVX and VIVIX.

Drawdown Indicators

	MDLVX	VIVIX	Difference
Max Drawdown Largest peak-to-trough decline	-55.49%	-59.30%	+3.81%
Max Drawdown (1Y) Largest decline over 1 year	-6.54%	-6.36%	-0.18%
Max Drawdown (3Y) Largest decline over 3 years	-16.19%	-14.40%	-1.79%
Max Drawdown (5Y) Largest decline over 5 years	-19.87%	-17.12%	-2.75%
Max Drawdown (10Y) Largest decline over 10 years	-37.11%	-36.80%	-0.31%
Current Drawdown Current decline from peak	-1.14%	0.00%	-1.14%
Average Drawdown Average peak-to-trough decline	-8.91%	-9.21%	+0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.43%	1.66%	-0.23%

Volatility

MDLVX vs. VIVIX - Volatility Comparison

BlackRock Advantage Large Cap Value Fund Investor A (MDLVX) has a higher volatility of 2.65% compared to Vanguard Value Index Fund Institutional Shares (VIVIX) at 2.19%. This indicates that MDLVX's price experiences larger fluctuations and is considered to be riskier than VIVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MDLVX	VIVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	2.19%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	8.87%	7.63%	+1.24%
Volatility (1Y) Calculated over the trailing 1-year period	11.35%	10.26%	+1.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.77%	13.86%	+0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.23%	16.69%	+0.54%

MDLVX vs. VIVIX - Expense Ratio Comparison

MDLVX has a 0.79% expense ratio, which is higher than VIVIX's 0.03% expense ratio.

Dividends

MDLVX vs. VIVIX - Dividend Comparison

MDLVX's dividend yield for the trailing twelve months is around 10.88%, more than VIVIX's 1.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VIVIX Vanguard Value Index Fund Institutional Shares	1.83%	2.04%	2.31%	2.46%	2.52%	2.15%	2.55%	2.50%	2.73%	2.30%	2.46%	2.61%

Frequently Asked Questions

Can I hold both MDLVX and VIVIX in my portfolio?

With a correlation of 0.91, MDLVX and VIVIX 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, MDLVX or VIVIX?

MDLVX has higher volatility (2.65%) compared to VIVIX (2.19%). In terms of maximum drawdown, MDLVX dropped -55.49% vs VIVIX's -59.30%.

Which has better risk-adjusted returns?

MDLVX currently has the higher Sharpe Ratio (2.99 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.