SPGEX vs. MDGCX

Last updated Jun 4, 2026

SPGEX (Symmetry Panoramic Global Equity Fund) and MDGCX (BlackRock Advantage Global Fund, Inc.) are both Global Equities funds. Over the past 5 years, SPGEX returned 10.53%/yr vs 11.84%/yr for MDGCX. Their correlation of 0.92 suggests significant overlap in exposure. SPGEX charges 0.56%/yr vs 0.96%/yr for MDGCX.

Performance

SPGEX vs. MDGCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Symmetry Panoramic Global Equity Fund (SPGEX) 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, SPGEX achieves a 14.55% return, which is significantly lower than MDGCX's 19.80% return.

SPGEX

• 1D: 0.57%
• 1M: 5.00%
• YTD: 14.55%
• 6M: 15.37%
• 1Y: 29.05%
• 3Y*: 20.23%
• 5Y*: 10.53%
• 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)

SPGEX vs. MDGCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SPGEX Symmetry Panoramic Global Equity Fund	14.55%	19.76%	11.36%	18.90%	-14.00%	20.68%	8.79%	22.96%	-6.07%
MDGCX BlackRock Advantage Global Fund, Inc.	19.80%	23.61%	10.87%	22.43%	-17.94%	17.52%	15.61%	25.54%	-7.53%

Correlation

The correlation between SPGEX and MDGCX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Nov 13, 2018	0.92

The correlation between SPGEX and MDGCX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

SPGEX vs. MDGCX — Risk / Return Rank

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

SPGEX

SPGEX Risk / Return Rank: 71
SPGEX Sharpe Ratio Rank: 72
SPGEX Sortino Ratio Rank: 68
SPGEX Omega Ratio Rank: 66
SPGEX Calmar Ratio Rank: 72
SPGEX Martin Ratio Rank: 77

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.

SPGEX vs. MDGCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Symmetry Panoramic Global Equity Fund (SPGEX) 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.

	SPGEX	MDGCX	Difference
Sharpe ratio: Return per unit of total volatility	2.47	3.24	-0.78
Sortino ratio: Return per unit of downside risk	3.44	4.35	-0.91
Omega ratio: Gain probability vs. loss probability	1.45	1.59	-0.14
Calmar ratio: Return relative to maximum drawdown	3.31	5.05	-1.74
Martin ratio: Return relative to average drawdown	14.35	23.35	-9.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPGEX vs. MDGCX - Sharpe Ratio Comparison

The current SPGEX Sharpe Ratio is 2.47, which is comparable to the MDGCX Sharpe Ratio of 3.24. The chart below compares the historical Sharpe Ratios of SPGEX 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

	SPGEX	MDGCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	3.24	-0.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.74	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.66	+0.08

Drawdowns

SPGEX vs. MDGCX - Drawdown Comparison

The maximum SPGEX drawdown since its inception was -35.03%, smaller than the maximum MDGCX drawdown of -48.25%. Use the drawdown chart below to compare losses from any high point for SPGEX and MDGCX.

Drawdown Indicators

	SPGEX	MDGCX	Difference
Max Drawdown Largest peak-to-trough decline	-35.03%	-48.25%	+13.22%
Max Drawdown (1Y) Largest decline over 1 year	-8.97%	-8.07%	-0.90%
Max Drawdown (3Y) Largest decline over 3 years	-16.00%	-21.46%	+5.46%
Max Drawdown (5Y) Largest decline over 5 years	-23.48%	-26.68%	+3.20%
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	-5.20%	-9.93%	+4.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	1.74%	+0.32%

Volatility

SPGEX vs. MDGCX - Volatility Comparison

Symmetry Panoramic Global Equity Fund (SPGEX) and BlackRock Advantage Global Fund, Inc. (MDGCX) have volatilities of 3.76% 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

	SPGEX	MDGCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	3.75%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	9.54%	10.02%	-0.48%
Volatility (1Y) Calculated over the trailing 1-year period	12.04%	12.57%	-0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.02%	16.15%	-1.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.51%	17.25%	-0.74%

SPGEX vs. MDGCX - Expense Ratio Comparison

SPGEX has a 0.56% expense ratio, which is lower than MDGCX's 0.96% expense ratio.

Dividends

SPGEX vs. MDGCX - Dividend Comparison

SPGEX's dividend yield for the trailing twelve months is around 7.97%, 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%
SPGEX Symmetry Panoramic Global Equity Fund	7.97%	9.12%	17.40%	3.71%	3.64%	4.84%	1.20%	2.33%	0.66%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPGEX and MDGCX in my portfolio?

With a correlation of 0.93, SPGEX 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, SPGEX or MDGCX?

SPGEX has higher volatility (3.76%) compared to MDGCX (3.75%). In terms of maximum drawdown, SPGEX dropped -35.03% vs MDGCX's -48.25%.

Which has better risk-adjusted returns?

MDGCX currently has the higher Sharpe Ratio (3.24 vs 2.47), 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.