BCRIX vs. BDJ

Last updated Jun 5, 2026

BCRIX (BlackRock Advantage CoreAlpha Bond Fund) and BDJ (BlackRock Enhanced Equity Dividend Fund) are both mutual funds - BCRIX is a Intermediate Core Bond fund managed by BlackRock, while BDJ is a Derivative Income fund managed by BlackRock. Over the past 10 years, BCRIX returned 1.56%/yr vs 10.14%/yr for BDJ. At a correlation of -0.08, they often move in opposite directions. BCRIX charges 0.28%/yr vs 0.86%/yr for BDJ.

Performance

BCRIX vs. BDJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Advantage CoreAlpha Bond Fund (BCRIX) and BlackRock Enhanced Equity Dividend Fund (BDJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCRIX achieves a 0.17% return, which is significantly lower than BDJ's 1.01% return. Over the past 10 years, BCRIX has underperformed BDJ with an annualized return of 1.56%, while BDJ has yielded a comparatively higher 10.14% annualized return.

BCRIX

• 1D: -0.12%
• 1M: 0.16%
• YTD: 0.17%
• 6M: 0.33%
• 1Y: 4.86%
• 3Y*: 4.07%
• 5Y*: -0.39%
• 10Y*: 1.56%

BDJ

• 1D: 0.76%
• 1M: 1.56%
• YTD: 1.01%
• 6M: 6.65%
• 1Y: 18.70%
• 3Y*: 14.16%
• 5Y*: 6.92%
• 10Y*: 10.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCRIX vs. BDJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BCRIX BlackRock Advantage CoreAlpha Bond Fund	0.17%	6.81%	2.21%	5.07%	-14.70%	-1.97%	8.78%	9.33%	-0.17%	4.17%
BDJ BlackRock Enhanced Equity Dividend Fund	1.01%	26.12%	16.87%	-6.67%	0.83%	26.56%	-7.58%	37.43%	-10.42%	20.78%

Correlation

The correlation between BCRIX and BDJ is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	0.01
Correlation (All Time) Calculated using the full available price history since Mar 1, 2011	-0.08

The correlation between BCRIX and BDJ shifts across timeframes, from -0.08 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BCRIX vs. BDJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCRIX

BCRIX Risk / Return Rank: 24
BCRIX Sharpe Ratio Rank: 24
BCRIX Sortino Ratio Rank: 27
BCRIX Omega Ratio Rank: 23
BCRIX Calmar Ratio Rank: 26
BCRIX Martin Ratio Rank: 22

BDJ

BDJ Risk / Return Rank: 25
BDJ Sharpe Ratio Rank: 30
BDJ Sortino Ratio Rank: 29
BDJ Omega Ratio Rank: 27
BDJ Calmar Ratio Rank: 18
BDJ Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCRIX vs. BDJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Advantage CoreAlpha Bond Fund (BCRIX) and BlackRock Enhanced Equity Dividend Fund (BDJ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BCRIX	BDJ	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.57	-0.17
Sortino ratio: Return per unit of downside risk	2.13	2.24	-0.12
Omega ratio: Gain probability vs. loss probability	1.25	1.28	-0.03
Calmar ratio: Return relative to maximum drawdown	1.83	1.53	+0.30
Martin ratio: Return relative to average drawdown	5.45	5.63	-0.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BCRIX vs. BDJ - Sharpe Ratio Comparison

The current BCRIX Sharpe Ratio is 1.40, which is comparable to the BDJ Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of BCRIX and BDJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BCRIX	BDJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	1.57	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.06	0.43	-0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	0.55	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.32	+0.12

Drawdowns

BCRIX vs. BDJ - Drawdown Comparison

The maximum BCRIX drawdown since its inception was -20.21%, smaller than the maximum BDJ drawdown of -59.46%. Use the drawdown chart below to compare losses from any high point for BCRIX and BDJ.

Drawdown Indicators

	BCRIX	BDJ	Difference
Max Drawdown Largest peak-to-trough decline	-20.21%	-59.46%	+39.25%
Max Drawdown (1Y) Largest decline over 1 year	-3.01%	-12.28%	+9.27%
Max Drawdown (3Y) Largest decline over 3 years	-6.40%	-15.70%	+9.30%
Max Drawdown (5Y) Largest decline over 5 years	-20.05%	-21.39%	+1.34%
Max Drawdown (10Y) Largest decline over 10 years	-20.21%	-48.14%	+27.93%
Current Drawdown Current decline from peak	-3.92%	-2.56%	-1.36%
Average Drawdown Average peak-to-trough decline	-4.11%	-8.96%	+4.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.01%	3.33%	-2.32%

Volatility

BCRIX vs. BDJ - Volatility Comparison

The current volatility for BlackRock Advantage CoreAlpha Bond Fund (BCRIX) is 1.30%, while BlackRock Enhanced Equity Dividend Fund (BDJ) has a volatility of 3.40%. This indicates that BCRIX experiences smaller price fluctuations and is considered to be less risky than BDJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCRIX	BDJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.30%	3.40%	-2.10%
Volatility (6M) Calculated over the trailing 6-month period	2.76%	9.34%	-6.58%
Volatility (1Y) Calculated over the trailing 1-year period	3.92%	11.94%	-8.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.04%	16.17%	-10.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.06%	18.41%	-13.35%

BCRIX vs. BDJ - Expense Ratio Comparison

BCRIX has a 0.28% expense ratio, which is lower than BDJ's 0.86% expense ratio.

Dividends

BCRIX vs. BDJ - Dividend Comparison

BCRIX's dividend yield for the trailing twelve months is around 4.68%, less than BDJ's 9.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BCRIX BlackRock Advantage CoreAlpha Bond Fund	4.68%	4.59%	4.53%	3.41%	1.85%	2.49%	6.25%	3.75%	3.07%	2.81%	3.21%	2.93%
BDJ BlackRock Enhanced Equity Dividend Fund	9.24%	9.03%	8.21%	9.49%	12.18%	5.95%	7.08%	6.66%	7.21%	6.07%	6.88%	7.36%

Frequently Asked Questions

Can I hold both BCRIX and BDJ in my portfolio?

BCRIX and BDJ have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BCRIX or BDJ?

BDJ has higher volatility (3.40%) compared to BCRIX (1.30%). In terms of maximum drawdown, BCRIX dropped -20.21% vs BDJ's -59.46%.

Which has better risk-adjusted returns?

BDJ currently has the higher Sharpe Ratio (1.57 vs 1.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.