MYI vs. MADVX
MYI (BlackRock MuniYield Quality Fund III) and MADVX (BlackRock Equity Dividend Fund Institutional Shares) are both mutual funds - MYI is a Municipal Bonds fund actively managed by BlackRock, while MADVX is a Large Cap Value Equities fund actively managed by BlackRock. Both are actively managed. Over the past 10 years, MYI returned 1.37%/yr vs 11.92%/yr for MADVX. Their 0.11 correlation means their historical movements had little consistent relationship. MYI charges 2.16%/yr vs 0.71%/yr for MADVX.
Performance
MYI vs. MADVX - Performance Comparison
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Returns By Period
In the year-to-date period, MYI achieves a 2.63% return, which is significantly lower than MADVX's 17.98% return. Over the past 10 years, MYI has underperformed MADVX with an annualized return of 1.37%, while MADVX has yielded a comparatively higher 11.92% annualized return.
MYI
- 1D
- 0.28%
- 1M
- -2.66%
- 6M
- -0.97%
- YTD
- 2.63%
- 1Y
- 9.73%
- 3Y*
- 5.89%
- 5Y*
- -1.31%
- 10Y*
- 1.37%
- ALL TIME*
- 3.53%
MADVX
- 1D
- 1.38%
- 1M
- 3.05%
- 6M
- 12.88%
- YTD
- 17.98%
- 1Y
- 29.84%
- 3Y*
- 17.18%
- 5Y*
- 11.66%
- 10Y*
- 11.92%
- ALL TIME*
- 10.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $2.81M | $3.00M | $2.91M |
MYI vs. MADVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MYI BlackRock MuniYield Quality Fund III | 2.63% | 4.74% | 0.55% | 8.79% | -20.52% | 6.99% | 11.60% | 16.64% | -8.42% | 7.13% |
MADVX BlackRock Equity Dividend Fund Institutional Shares | 17.98% | 21.70% | 6.98% | 12.71% | -3.97% | 20.13% | 4.03% | 27.58% | -7.15% | 16.31% |
Correlation
The correlation between MYI and MADVX is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.27 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 1992 | 0.11 |
The correlation between MYI and MADVX shifts across timeframes, from 0.11 (all time) to 0.31 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MYI vs. MADVX — Risk / Return Rank
MYI
MADVX
MYI vs. MADVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock MuniYield Quality Fund III (MYI) and BlackRock Equity Dividend Fund Institutional Shares (MADVX). 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.
| MYI | MADVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.47 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 3.47 | -2.18 |
| Martin ratioReturn relative to average drawdown | 4.66 | 14.87 | -10.21 |
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Drawdowns
MYI vs. MADVX - Drawdown Comparison
The maximum MYI drawdown since its inception was -43.90%, smaller than the maximum MADVX drawdown of -50.00%. Use the drawdown chart below to compare losses from any high point for MYI and MADVX.
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Drawdown Indicators
| MYI | MADVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.90% | -50.00% | +6.10% |
Max Drawdown (1Y)Largest decline over 1 year | -7.58% | -9.01% | +1.43% |
Max Drawdown (3Y)Largest decline over 3 years | -12.64% | -15.22% | +2.58% |
Max Drawdown (5Y)Largest decline over 5 years | -31.84% | -18.05% | -13.79% |
Max Drawdown (10Y)Largest decline over 10 years | -31.84% | -35.94% | +4.10% |
Current DrawdownCurrent decline from peak | -7.36% | 0.00% | -7.36% |
Average DrawdownAverage peak-to-trough decline | -9.37% | -5.27% | -4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 2.10% | -0.01% |
Volatility
MYI vs. MADVX - Volatility Comparison
The current volatility for BlackRock MuniYield Quality Fund III (MYI) is 2.28%, while BlackRock Equity Dividend Fund Institutional Shares (MADVX) has a volatility of 3.45%. This indicates that MYI experiences smaller price fluctuations and is considered to be less risky than MADVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MYI | MADVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.28% | 3.45% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 7.05% | 9.51% | -2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.82% | 11.81% | -2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.04% | 14.22% | -3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.35% | 16.31% | -4.96% |
MYI vs. MADVX - Expense Ratio Comparison
MYI has a 2.16% expense ratio, which is higher than MADVX's 0.71% expense ratio.
Dividends
MYI vs. MADVX - Dividend Comparison
MYI's dividend yield for the trailing twelve months is around 6.18%, less than MADVX's 13.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MADVX BlackRock Equity Dividend Fund Institutional Shares | 13.81% | 10.23% | 8.58% | 7.08% | 13.50% | 12.15% | 6.35% | 13.15% | 14.04% | 14.38% | 7.98% | 18.44% |
MYI BlackRock MuniYield Quality Fund III | 6.18% | 6.13% | 6.03% | 4.30% | 5.22% | 4.17% | 3.84% | 3.89% | 5.01% | 5.88% | 6.20% | 6.03% |
Frequently Asked Questions
MYI and MADVX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MADVX has higher volatility (3.45%) compared to MYI (2.28%). In terms of maximum drawdown, MYI dropped -43.90% vs MADVX's -50.00%.
MADVX currently has the higher Sharpe Ratio (2.65 vs 1.11), 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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