QDVSX vs. MDGCX

Last updated Jun 4, 2026

QDVSX (Fisher Investments Institutional Group ESG Stock Fund for Retirement Plans) and MDGCX (BlackRock Advantage Global Fund, Inc.) are both Global Equities funds. Over the past 5 years, QDVSX returned 14.44%/yr vs 11.84%/yr for MDGCX. Their correlation of 0.95 suggests significant overlap in exposure. QDVSX charges 0.00%/yr vs 0.96%/yr for MDGCX.

Performance

QDVSX vs. MDGCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fisher Investments Institutional Group ESG Stock Fund for Retirement Plans (QDVSX) and BlackRock Advantage Global Fund, Inc. (MDGCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QDVSX achieves a 11.16% return, which is significantly lower than MDGCX's 19.80% return.

QDVSX

• 1D: 0.76%
• 1M: 5.81%
• YTD: 11.16%
• 6M: 13.50%
• 1Y: 35.70%
• 3Y*: 24.25%
• 5Y*: 14.44%
• 10Y*: —

MDGCX

• 1D: 0.70%
• 1M: 7.14%
• YTD: 19.80%
• 6M: 21.05%
• 1Y: 40.27%
• 3Y*: 22.15%
• 5Y*: 11.84%
• 10Y*: 12.56%

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

QDVSX vs. MDGCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
QDVSX Fisher Investments Institutional Group ESG Stock Fund for Retirement Plans	11.16%	26.93%	20.05%	37.93%	-23.98%	21.38%	27.22%	0.50%
MDGCX BlackRock Advantage Global Fund, Inc.	19.80%	23.61%	10.87%	22.43%	-17.94%	17.52%	15.61%	1.73%

Correlation

The correlation between QDVSX and MDGCX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Dec 16, 2019	0.95

The correlation between QDVSX and MDGCX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

Return for Risk

QDVSX vs. MDGCX — Risk / Return Rank

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

QDVSX

QDVSX Risk / Return Rank: 83
QDVSX Sharpe Ratio Rank: 88
QDVSX Sortino Ratio Rank: 84
QDVSX Omega Ratio Rank: 79
QDVSX Calmar Ratio Rank: 83
QDVSX Martin Ratio Rank: 82

MDGCX

MDGCX Risk / Return Rank: 91
MDGCX Sharpe Ratio Rank: 94
MDGCX Sortino Ratio Rank: 89
MDGCX Omega Ratio Rank: 86
MDGCX Calmar Ratio Rank: 92
MDGCX 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.

QDVSX vs. MDGCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fisher Investments Institutional Group ESG Stock Fund for Retirement Plans (QDVSX) and BlackRock Advantage Global Fund, Inc. (MDGCX). 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.

	QDVSX	MDGCX	Difference
Sharpe ratio: Return per unit of total volatility	2.89	3.24	-0.35
Sortino ratio: Return per unit of downside risk	4.00	4.35	-0.35
Omega ratio: Gain probability vs. loss probability	1.52	1.59	-0.07
Calmar ratio: Return relative to maximum drawdown	3.88	5.05	-1.16
Martin ratio: Return relative to average drawdown	15.28	23.35	-8.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QDVSX vs. MDGCX - Sharpe Ratio Comparison

The current QDVSX Sharpe Ratio is 2.89, which is comparable to the MDGCX Sharpe Ratio of 3.24. The chart below compares the historical Sharpe Ratios of QDVSX and MDGCX, 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

	QDVSX	MDGCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.89	3.24	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.74	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.66	+0.15

Drawdowns

QDVSX vs. MDGCX - Drawdown Comparison

The maximum QDVSX drawdown since its inception was -33.56%, smaller than the maximum MDGCX drawdown of -48.25%. Use the drawdown chart below to compare losses from any high point for QDVSX and MDGCX.

Drawdown Indicators

	QDVSX	MDGCX	Difference
Max Drawdown Largest peak-to-trough decline	-33.56%	-48.25%	+14.69%
Max Drawdown (1Y) Largest decline over 1 year	-9.40%	-8.07%	-1.33%
Max Drawdown (3Y) Largest decline over 3 years	-18.64%	-21.46%	+2.82%
Max Drawdown (5Y) Largest decline over 5 years	-33.56%	-26.68%	-6.88%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.87%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.73%	-9.93%	+3.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.38%	1.74%	+0.64%

Volatility

QDVSX vs. MDGCX - Volatility Comparison

Fisher Investments Institutional Group ESG Stock Fund for Retirement Plans (QDVSX) and BlackRock Advantage Global Fund, Inc. (MDGCX) have volatilities of 3.62% and 3.75%, 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

	QDVSX	MDGCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.62%	3.75%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	10.09%	10.02%	+0.07%
Volatility (1Y) Calculated over the trailing 1-year period	12.62%	12.57%	+0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.48%	16.15%	+2.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.09%	17.25%	+3.84%

QDVSX vs. MDGCX - Expense Ratio Comparison

QDVSX has a 0.00% expense ratio, which is lower than MDGCX's 0.96% expense ratio.

Dividends

QDVSX vs. MDGCX - Dividend Comparison

QDVSX's dividend yield for the trailing twelve months is around 11.17%, more than MDGCX's 7.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MDGCX BlackRock Advantage Global Fund, Inc.	7.44%	8.91%	7.78%	1.42%	1.75%	16.75%	3.77%	1.73%	4.06%	34.82%	0.65%	5.18%
QDVSX Fisher Investments Institutional Group ESG Stock Fund for Retirement Plans	11.17%	12.42%	4.92%	5.99%	1.65%	1.02%	1.30%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QDVSX and MDGCX in my portfolio?

With a correlation of 0.91, QDVSX and MDGCX 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, QDVSX or MDGCX?

MDGCX has higher volatility (3.75%) compared to QDVSX (3.62%). In terms of maximum drawdown, QDVSX dropped -33.56% vs MDGCX's -48.25%.

Which has better risk-adjusted returns?

MDGCX currently has the higher Sharpe Ratio (3.24 vs 2.89), 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.