- ISIN
- US09256A1097
- CUSIP
- 09256A109
- Issuer
- BlackRock
- Inception Date
- Apr 30, 2004
- Category
- Derivative Income
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
XCIIX Performance Chart
BlackRock Enhanced Capital and Income Fund (XCIIX) is up 8.5% since the beginning of the year. XCIIX is currently trading at $25 per share. Investors who bought $1,000 worth of XCIIX shares 5 years ago would now be looking at an investment worth $1,580.
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Returns By Period
BlackRock Enhanced Capital and Income Fund (XCIIX) has returned 8.53% so far this year and 13.42% over the past 12 months. Over the last ten years, XCIIX has returned 10.24% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
BlackRock Enhanced Capital and Income Fund
- 1D
- 1.45%
- 1M
- -0.28%
- YTD
- 8.53%
- 6M
- 8.58%
- 1Y
- 13.42%
- 3Y*
- 13.81%
- 5Y*
- 9.58%
- 10Y*
- 10.24%
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%
XCIIX Monthly Returns History
Based on dividend-adjusted daily data since May 3, 2004, XCIIX's average daily return is +0.02%, while the average monthly return is +0.41%. At this rate, an investment would double in approximately 14.1 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2020 with a return of +12.4%, while the worst month was Oct 2008 at -17.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, XCIIX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +12.8%, while the worst single day was Mar 16, 2020 at -12.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.12% | -2.60% | -4.98% | 11.74% | 4.56% | -1.72% | 8.53% | ||||||
| 2025 | 4.37% | -2.22% | -6.70% | -0.02% | 9.03% | 6.03% | 1.87% | 1.40% | 2.62% | 2.35% | 0.25% | -7.60% | 10.59% |
| 2024 | 1.97% | 3.34% | 2.23% | -3.39% | 4.25% | 1.42% | -0.01% | 2.00% | 0.70% | -1.92% | 4.04% | -1.02% | 14.15% |
| 2023 | 6.51% | -2.06% | 1.74% | 2.36% | -0.32% | 4.28% | 2.56% | -1.28% | -3.14% | -1.96% | 6.49% | 4.09% | 20.34% |
| 2022 | -3.41% | -2.22% | 2.84% | -5.60% | 1.33% | -7.49% | 7.95% | -3.01% | -8.91% | 7.08% | 5.11% | -3.88% | -11.31% |
| 2021 | -0.28% | 3.62% | 4.64% | 4.90% | 0.52% | 0.93% | 0.81% | 1.18% | -3.23% | 4.22% | -1.77% | 4.77% | 21.80% |
Benchmark Metrics
BlackRock Enhanced Capital and Income Fund has an annualized alpha of -3.33%, beta of 0.84, and R2 of 0.85 versus S&P 500 Index. Calculated based on daily prices since May 03, 2004.
- This fund participated in 94.98% of S&P 500 Index downside but only 73.05% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -3.33% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -3.33%
- Beta
- 0.84
- R²
- 0.85
- Upside Capture
- 73.05%
- Downside Capture
- 94.98%
Expense Ratio
XCIIX has an expense ratio of 0.90%, placing it in the medium range.
Return for Risk
Risk / Return Rank
XCIIX ranks 12 for risk / return — in the bottom 12% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BlackRock Enhanced Capital and Income Fund (XCIIX) 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.
| XCIIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 2.78 | -1.85 |
| Martin ratioReturn relative to average drawdown | 2.82 | 12.44 | -9.62 |
Dividends
Dividend History
BlackRock Enhanced Capital and Income Fund provided a 0.57% dividend yield over the last twelve months, with an annual payout of $0.14 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.14 | $0.99 | $1.14 | $1.19 | $2.10 | $1.10 | $1.05 | $0.52 | $0.10 | $0.05 | $0.00 | $0.10 |
Dividend yield | 0.57% | 4.36% | 5.30% | 6.03% | 11.97% | 4.99% | 5.49% | 2.89% | 0.68% | 0.31% | 0.00% | 0.66% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Enhanced Capital and 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.99 |
| 2024 | $0.10 | $0.10 | $0.10 | $0.10 | $0.00 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.14 | $1.14 |
| 2023 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $1.19 |
| 2022 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $1.01 | $2.10 |
| 2021 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.10 | $0.10 | $0.10 | $1.10 |
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 Enhanced Capital and 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 Enhanced Capital and Income Fund was 56.56%, occurring on Mar 9, 2009. Recovery took 2939 trading sessions.
The current BlackRock Enhanced Capital and Income Fund drawdown is 1.72%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -56.56%Mar 2009 | 1y 9mo | 11y 8mo | 13y 5moJun 2007 - Nov 2020 |
2025 selloff2025 | -19.50%Apr 2025 | 2mo 14d | 2mo 5d | 4mo 19dJan 2025 - Jun 2025 |
Bear market2022 | -18.60%Sep 2022 | 8mo 28d | 9mo 16d | 1y 6moJan 2022 - Jul 2023 |
2026 correction2026 | -16.02%Mar 2026 | 4mo 17d | 1mo 12d | 5mo 29dNov 2025 - May 2026 |
2005 pullback2005 | -8.11%Oct 2005 | 7mo 16d | 4mo 26d | 1y 7dMar 2005 - Mar 2006 |
Drawdown Indicators
| XCIIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.56% | -56.78% | +0.22% |
Max Drawdown (1Y)Largest decline over 1 year | -16.02% | -9.10% | -6.92% |
Max Drawdown (3Y)Largest decline over 3 years | -19.50% | -18.90% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -19.50% | -25.43% | +5.93% |
Max Drawdown (10Y)Largest decline over 10 years | -32.23% | -33.92% | +1.69% |
Current DrawdownCurrent decline from peak | -1.72% | -1.80% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -18.33% | -10.71% | -7.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.97% | 2.03% | +2.94% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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