BlackRock High Equity Income Fund (BMCIX) belongs to the Derivative Income category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with BMCIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BMCIX
BMCIX charges 0.85% annually. There are 5 mutual funds in the Derivative Income category with lower expense ratios, going as low as 0.44%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Equity Premium Income Fund | 0.44% | 236.88M | Feb 2016 | BMCIX vs PUTW | |
| USCF Gold Strategy Plus Income Fund | 0.45% | — | Nov 2021 | BMCIX vs USG | |
| JPMorgan Equity Premium Income Fund Class I | 0.59% | — | Aug 2018 | BMCIX vs JEPIX | |
| Shelton Equity Income Fund | 0.72% | — | Sep 1996 | BMCIX vs EQTIX | |
| Cullen Enhanced Equity Income Fund | 0.75% | — | Dec 2015 | BMCIX vs ENHNX |
Best Risk-Adjusted Alternatives to BMCIX
BMCIX has a PortfoliosLab risk / return rank of 54. There are 6 mutual funds in the Derivative Income category with higher risk-adjusted ranks, going as high as 80.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund | 80 | — | Apr 2004 | BMCIX vs CII | |
| Virtus Equity & Convertible Income Fund | 74 | — | Feb 2007 | BMCIX vs NIE | |
| Invesco Income Advantage U.S. Fund | 65 | — | Mar 2006 | BMCIX vs SCAUX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 62 | — | Jan 2007 | BMCIX vs QQQX | |
| The Covered Bridge Fund | 62 | — | Sep 2013 | BMCIX vs TCBIX |
Top Performing BMCIX Alternatives (YTD)
BMCIX is at 9.40% YTD. There are 4 mutual funds in the Derivative Income category with higher YTD returns, going as high as 15.66%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Catalyst Nasdaq-100 Hedged Equity Fund | 15.66% | — | Dec 2013 | BMCIX vs CLPAX | |
| BlackRock ESG Capital Allocation Term Trust | 12.06% | — | Sep 2021 | BMCIX vs ECAT | |
| Virtus Equity & Convertible Income Fund | 10.74% | — | Feb 2007 | BMCIX vs NIE | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 9.72% | — | Jan 2007 | BMCIX vs QQQX | |
| Goldman Sachs International Equity Dividend and Pr... | 9.38% | — | Jan 2008 | BMCIX vs GIDHX |
Lowest Volatility Alternatives to BMCIX
BMCIX has 11.13% 1-year volatility. There are 10 mutual funds in the Derivative Income category with lower 1-year volatility, going as low as 8.71%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| JPMorgan Equity Premium Income Fund Class I | 8.71% | — | Aug 2018 | BMCIX vs JEPIX | |
| The Covered Bridge Fund | 8.74% | — | Sep 2013 | BMCIX vs TCBIX | |
| JPMorgan Equity Premium Income Fund Class A | 8.76% | — | Aug 2018 | BMCIX vs JEPAX | |
| Crossmark Steward Covered Call Income Fund | 8.77% | — | Dec 2017 | BMCIX vs SCJIX | |
| WisdomTree Equity Premium Income Fund | 9.27% | 236.88M | Feb 2016 | BMCIX vs PUTW |
Lowest Drawdown Alternatives to BMCIX
BMCIX has a 1-year max drawdown of -9.51%. There are 13 mutual funds in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -5.26%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| The Covered Bridge Fund | -5.26% | — | Sep 2013 | BMCIX vs TCBIX | |
| Madison Covered Call & Equity Income Fund | -6.21% | — | Oct 2009 | BMCIX vs MENYX | |
| Cullen Enhanced Equity Income Fund | -6.34% | — | Dec 2015 | BMCIX vs ENHNX | |
| Invesco Income Advantage U.S. Fund | -7.05% | — | Mar 2006 | BMCIX vs SCAUX | |
| Shelton Equity Income Fund | -7.10% | — | Sep 1996 | BMCIX vs EQTIX |
Other Mutual Funds from BlackRock
The 10 most viewed BlackRock mutual funds shown here include WFSPX, BDMIX, LIVIX and span 8 categories. AUM among these funds goes as high as $11B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| iShares S&P 500 Index Fund Class K | S&P 500 | 66 | 10.17% | — | Jul 1993 | BMCIX vs WFSPX | |
| BlackRock Global Long/Short Equity Fund Class I | Long-Short | 95 | 12.96% | — | Dec 2012 | BMCIX vs BDMIX | |
| BlackRock LifePath Index 2055 Fund | Target Retirement Date | 67 | 12.50% | — | May 2011 | BMCIX vs LIVIX | |
| Fidelity Asset Manager 70% Fund | Diversified Portfolio | 76 | 12.03% | — | Dec 1991 | BMCIX vs FASGX | |
| BlackRock Enhanced Equity Dividend Fund | Derivative Income | 31 | 2.24% | — | Aug 2005 | BMCIX vs BDJ | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | Systematic Trend | 60 | 11.24% | — | Jul 2010 | BMCIX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | Technology Equities | 66 | 43.57% | — | Apr 2000 | BMCIX vs BGSAX | |
| Fidelity Asset Manager 40% Fund | Diversified Portfolio | 79 | 7.59% | — | Oct 2007 | BMCIX vs FFANX | |
| Fidelity Asset Manager 85% Fund | Diversified Portfolio | 75 | 14.24% | — | Sep 1999 | BMCIX vs FAMRX | |
| Vanguard Tax-Managed Small-Cap Fund Admiral Shares | Small Cap Blend Equities | 69 | 20.05% | 10.70B | Mar 1999 | BMCIX vs VTMSX |
Often Compared With BMCIX
Investors most often compare BMCIX with BALI, SVAIX, XMHQ. These 20 comparison targets span 15 categories, based on PortfoliosLab usage data.
Compare BMCIX with Any Fund or Stock
Compare BMCIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BMCIX with funds that move differently
BlackRock High Equity Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BMCIX.
Explore BMCIX Diversifiers