- ISIN
- US0919297608
- CUSIP
- 091929760
- Issuer
- BlackRock
- Inception Date
- Apr 30, 1998
- Category
- Derivative Income
- Min. Investment
- $2,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
BMCIX Performance Chart
BlackRock High Equity Income Fund (BMCIX) is up 9.4% since the beginning of the year. BMCIX is currently trading at $32 per share. Investors who bought $1,000 worth of BMCIX shares 5 years ago would now be looking at an investment worth $1,584.
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Returns By Period
BlackRock High Equity Income Fund (BMCIX) has returned 9.40% so far this year and 23.08% over the past 12 months. Over the last ten years, BMCIX has returned 9.73% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
BlackRock High Equity Income Fund
- 1D
- 0.76%
- 1M
- 3.30%
- YTD
- 9.40%
- 6M
- 10.07%
- 1Y
- 23.08%
- 3Y*
- 13.20%
- 5Y*
- 9.64%
- 10Y*
- 9.73%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BMCIX Monthly Returns History
Based on dividend-adjusted daily data since Apr 30, 1998, BMCIX's average daily return is +0.05%, while the average monthly return is +1.17%. At this rate, an investment would double in approximately 5.0 years.
Historically, 64% of months were positive and 36% were negative. The best month was Feb 2000 with a return of +43.3%, while the worst month was Aug 1998 at -19.8%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.
On a daily basis, BMCIX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +9.8%, while the worst single day was Mar 16, 2020 at -10.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.43% | 0.73% | -6.16% | 7.63% | 1.97% | 1.95% | 9.40% | ||||||
| 2025 | 3.47% | 0.98% | -1.73% | -2.62% | 3.37% | 3.74% | 0.46% | 3.53% | 0.47% | 0.13% | 2.25% | 2.10% | 17.11% |
| 2024 | 0.25% | 1.93% | 3.86% | -2.05% | 2.96% | -1.47% | 4.43% | 1.23% | 0.96% | -2.08% | 3.34% | -5.35% | 7.80% |
| 2023 | 5.98% | -2.77% | -1.53% | 3.09% | -4.98% | 5.93% | 2.46% | -3.16% | -3.28% | -2.16% | 6.89% | 4.15% | 10.05% |
| 2022 | 1.81% | 0.03% | 1.34% | -3.82% | 3.27% | -8.84% | 4.55% | -2.76% | -9.27% | 9.83% | 6.09% | -3.03% | -2.62% |
| 2021 | 1.40% | 3.62% | 6.11% | 4.20% | 2.31% | -1.83% | 0.27% | 1.20% | -1.58% | 3.34% | -4.21% | 6.12% | 22.41% |
Benchmark Metrics
BlackRock High Equity Income Fund has an annualized alpha of 5.81%, beta of 0.92, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since April 30, 1998.
- This fund captured 120.08% of S&P 500 Index gains but only 96.83% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 5.81% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.92 and R2 of 0.72, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 5.81%
- Beta
- 0.92
- R²
- 0.72
- Upside Capture
- 120.08%
- Downside Capture
- 96.83%
Expense Ratio
BMCIX has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BMCIX ranks 54 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BlackRock High Equity Income Fund (BMCIX) and compare them to S&P 500 Index.
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.
| BMCIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 2.78 | -0.36 |
| Martin ratioReturn relative to average drawdown | 10.33 | 12.44 | -2.11 |
Dividends
Dividend History
BlackRock High Equity Income Fund provided a 7.60% dividend yield over the last twelve months, with an annual payout of $2.42 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.42 | $2.37 | $2.14 | $1.88 | $1.79 | $1.96 | $1.17 | $1.10 | $2.24 | $13.86 | $1.99 | $2.92 |
Dividend yield | 7.60% | 7.86% | 7.66% | 6.75% | 6.60% | 6.58% | 4.50% | 3.95% | 9.41% | 50.24% | 5.51% | 8.16% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock High Equity Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.18 | $0.21 | $0.23 | $0.20 | $0.22 | $0.00 | $1.03 | ||||||
| 2025 | $0.18 | $0.19 | $0.21 | $0.20 | $0.19 | $0.21 | $0.17 | $0.19 | $0.19 | $0.20 | $0.22 | $0.22 | $2.37 |
| 2024 | $0.13 | $0.17 | $0.18 | $0.15 | $0.19 | $0.20 | $0.17 | $0.19 | $0.21 | $0.18 | $0.19 | $0.19 | $2.14 |
| 2023 | $0.12 | $0.16 | $0.18 | $0.16 | $0.18 | $0.16 | $0.14 | $0.18 | $0.16 | $0.13 | $0.17 | $0.15 | $1.88 |
| 2022 | $0.26 | $0.17 | $0.16 | $0.13 | $0.23 | $0.00 | $0.01 | $0.16 | $0.16 | $0.12 | $0.17 | $0.21 | $1.79 |
| 2021 | $0.12 | $0.17 | $0.16 | $0.19 | $0.19 | $0.15 | $0.22 | $0.16 | $0.17 | $0.00 | $0.16 | $0.28 | $1.96 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the BlackRock High Equity Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BlackRock High Equity Income Fund was 72.64%, occurring on Mar 12, 2003. Recovery took 1995 trading sessions.
The current BlackRock High Equity Income Fund drawdown is 0.44%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2003 bear market2003 | -72.64%Mar 2003 | 2y 12mo | 7y 11mo | 10y 11moMar 2000 - Feb 2011 |
COVID crash2020 | -38.24%Mar 2020 | 2mo 2d | 9mo 25d | 11mo 27dJan 2020 - Jan 2021 |
1998 bear market1998 | -32.20%Oct 1998 | 2mo 19d | 2mo 10d | 4mo 29dJul 1998 - Dec 1998 |
2011 bear market2011 | -27.68%Oct 2011 | 5mo 4d | 1y 4mo | 1y 9moMay 2011 - Feb 2013 |
2016 bear market2016 | -25.08%Feb 2016 | 7mo 23d | 1y 4d | 1y 7moJun 2015 - Feb 2017 |
Drawdown Indicators
| BMCIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.64% | -56.78% | -15.86% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -9.10% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -13.69% | -18.90% | +5.21% |
Max Drawdown (5Y)Largest decline over 5 years | -18.63% | -25.43% | +6.80% |
Max Drawdown (10Y)Largest decline over 10 years | -38.24% | -33.92% | -4.32% |
Current DrawdownCurrent decline from peak | -0.44% | -1.80% | +1.36% |
Average DrawdownAverage peak-to-trough decline | -18.80% | -10.71% | -8.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 2.03% | +0.20% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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