BlackRock Enhanced Equity Dividend Fund (BDJ) Sharpe Ratio: 1.65

BDJ's Sharpe Ratio of 1.65 indicates that for each unit of volatility, it generates 1.65 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 15, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

BDJ Sharpe Ratio Rank

Average

BDJ ranks above 54.8% of all investments in our database based on Sharpe Ratio over the past 12 months, showing balanced returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Returns are proportional to volatility—neither strong nor weak
Evaluate whether the volatility profile aligns with your risk tolerance
Review higher-ranked alternatives in the same category
Monitor rank direction to identify improving or deteriorating trends

BDJ Sharpe Ratio Market Positioning

The chart shows BDJ's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 1.04 or lower
Yellow zone (middle 50%): 1.04 to 1.92
Green zone (top 25%): 1.92 or higher
Top 1%: 3.87+
Median: 1.56 — half of all investments score higher

How it compares to other similar mutual funds

The table compares BlackRock Enhanced Equity Dividend Fund's Sharpe Ratio with other mutual funds in the Derivative Income category across multiple time periods, showing how BDJ's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 15, 2026.

Symbol	Name	1Y Sharpe Ratio
CII	BlackRock Enhanced Large Cap Core Fund	2.67
NIE	Virtus Equity & Convertible Income Fund	1.95
BMCIX	BlackRock High Equity Income Fund	1.92
BMEAX	BlackRock High Equity Income Fund Class A	1.88
SCAUX	Invesco Income Advantage U.S. Fund	1.74
TCBIX	The Covered Bridge Fund	1.74
QQQX	Nuveen Nasdaq 100 Dynamic Overwrite Fund	1.69
BDJ	BlackRock Enhanced Equity Dividend Fund	1.65
EQTIX	Shelton Equity Income Fund	1.58
ECAT	BlackRock ESG Capital Allocation Term Trust	1.46

Benchmark Against

Benchmark

S&P 500 Index

Lookback Period

How to choose period

Historical Sharpe Ratio

The chart shows BDJ's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when BDJ consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

Loading charts...

Sharpe Ratio Calculator

How does BDJ fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

Analyze Your Portfolio