BlackRock High Equity Income Fund Class A (BMEAX) 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 BMEAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BMEAX
BMEAX charges 1.10% annually. There are 16 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 | BMEAX vs PUTW | |
| USCF Gold Strategy Plus Income Fund | 0.45% | — | Nov 2021 | BMEAX vs USG | |
| JPMorgan Equity Premium Income Fund Class I | 0.59% | — | Aug 2018 | BMEAX vs JEPIX | |
| Shelton Equity Income Fund | 0.72% | — | Sep 1996 | BMEAX vs EQTIX | |
| Cullen Enhanced Equity Income Fund | 0.75% | — | Dec 2015 | BMEAX vs ENHNX |
Best Risk-Adjusted Alternatives to BMEAX
BMEAX has a PortfoliosLab risk / return rank of 62. There are 5 mutual funds in the Derivative Income category with higher risk-adjusted ranks, going as high as 88.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund | 88 | — | Apr 2004 | BMEAX vs CII | |
| Virtus Equity & Convertible Income Fund | 72 | — | Feb 2007 | BMEAX vs NIE | |
| Invesco Income Advantage U.S. Fund | 68 | — | Mar 2006 | BMEAX vs SCAUX | |
| BlackRock High Equity Income Fund | 64 | — | Apr 1998 | BMEAX vs BMCIX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 64 | — | Jan 2007 | BMEAX vs QQQX |
Top Performing BMEAX Alternatives (YTD)
BMEAX is at 11.38% YTD. There are 4 mutual funds in the Derivative Income category with higher YTD returns, going as high as 15.10%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock ESG Capital Allocation Term Trust | 15.10% | — | Sep 2021 | BMEAX vs ECAT | |
| BlackRock Enhanced Large Cap Core Fund | 13.80% | — | Apr 2004 | BMEAX vs CII | |
| Catalyst Nasdaq-100 Hedged Equity Fund | 12.40% | — | Dec 2013 | BMEAX vs CLPAX | |
| BlackRock High Equity Income Fund | 11.53% | — | Apr 1998 | BMEAX vs BMCIX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 11.14% | — | Jan 2007 | BMEAX vs QQQX |
Lowest Volatility Alternatives to BMEAX
BMEAX 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 8.70%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| JPMorgan Equity Premium Income Fund Class I | 8.70% | — | Aug 2018 | BMEAX vs JEPIX | |
| The Covered Bridge Fund | 8.73% | — | Sep 2013 | BMEAX vs TCBIX | |
| JPMorgan Equity Premium Income Fund Class A | 8.76% | — | Aug 2018 | BMEAX vs JEPAX | |
| Crossmark Steward Covered Call Income Fund | 8.84% | — | Dec 2017 | BMEAX vs SCJIX | |
| Madison Covered Call & Equity Income Fund | 9.48% | — | Oct 2009 | BMEAX vs MENYX |
Lowest Drawdown Alternatives to BMEAX
BMEAX has a 1-year max drawdown of -9.56%. 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 | BMEAX vs TCBIX | |
| Cullen Enhanced Equity Income Fund | -6.34% | — | Dec 2015 | BMEAX vs ENHNX | |
| Invesco Income Advantage U.S. Fund | -7.05% | — | Mar 2006 | BMEAX vs SCAUX | |
| Shelton Equity Income Fund | -7.10% | — | Sep 1996 | BMEAX vs EQTIX | |
| JPMorgan Equity Premium Income Fund Class I | -7.41% | — | Aug 2018 | BMEAX vs JEPIX |
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 | 65 | 11.33% | — | Jul 1993 | BMEAX vs WFSPX | |
| BlackRock Global Equity Market Neutral Fund Class ... | Equity Market Neutral | 96 | 11.25% | — | Dec 2012 | BMEAX vs BDMIX | |
| BlackRock LifePath Index 2055 Fund | Target Retirement Date | 64 | 12.43% | — | May 2011 | BMEAX vs LIVIX | |
| Fidelity Asset Manager 70% Fund | Diversified Portfolio | 73 | 11.70% | — | Dec 1991 | BMEAX vs FASGX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | Systematic Trend | 51 | 9.56% | — | Jul 2010 | BMEAX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Fund | Derivative Income | 41 | 5.97% | — | Aug 2005 | BMEAX vs BDJ | |
| BlackRock Technology Opportunities Fund Investor A | Technology Equities | 50 | 34.57% | — | Apr 2000 | BMEAX vs BGSAX | |
| Fidelity Asset Manager 40% Fund | Diversified Portfolio | 72 | 6.74% | — | Oct 2007 | BMEAX vs FFANX | |
| Fidelity Asset Manager 85% Fund | Diversified Portfolio | 72 | 13.91% | — | Sep 1999 | BMEAX vs FAMRX | |
| Vanguard Tax-Managed Small-Cap Fund Admiral Shares | Small Cap Blend Equities | 68 | 21.86% | 10.70B | Mar 1999 | BMEAX vs VTMSX |
Often Compared With BMEAX
Investors most often compare BMEAX with GSBFX, NML, NASDX. These 13 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare BMEAX with Any Fund or Stock
Compare BMEAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BMEAX with funds that move differently
BlackRock High Equity Income Fund Class A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BMEAX.
Explore BMEAX Diversifiers