BDJ vs. TCBIX
BDJ (BlackRock Enhanced Equity Dividend Trust) and TCBIX (The Covered Bridge Fund) are both Derivative Income funds. Over the past 10 years, BDJ returned 10.53%/yr vs 7.57%/yr for TCBIX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. BDJ charges 0.89%/yr vs 1.40%/yr for TCBIX.
Performance
BDJ vs. TCBIX - Performance Comparison
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Returns By Period
In the year-to-date period, BDJ achieves a 8.31% return, which is significantly lower than TCBIX's 10.92% return. Over the past 10 years, BDJ has outperformed TCBIX with an annualized return of 10.53%, while TCBIX has yielded a comparatively lower 7.57% annualized return.
BDJ
- 1D
- 0.20%
- 1M
- 2.20%
- 6M
- 5.16%
- YTD
- 8.31%
- 1Y
- 23.61%
- 3Y*
- 16.03%
- 5Y*
- 9.08%
- 10Y*
- 10.53%
- ALL TIME*
- 6.89%
TCBIX
- 1D
- -0.10%
- 1M
- 1.59%
- 6M
- 7.01%
- YTD
- 10.92%
- 1Y
- 19.02%
- 3Y*
- 9.71%
- 5Y*
- 6.94%
- 10Y*
- 7.57%
- ALL TIME*
- 7.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.26M | $4.34M | $4.85M | |
| $0.00 | $0.00 | $0.00 |
BDJ vs. TCBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BDJ BlackRock Enhanced Equity Dividend Trust | 8.31% | 26.12% | 16.87% | -6.67% | 0.83% | 26.56% | -7.58% | 37.43% | -10.42% | 20.78% |
TCBIX The Covered Bridge Fund | 10.92% | 12.61% | 4.09% | 4.09% | 0.05% | 18.21% | -1.71% | 18.73% | -3.93% | 9.66% |
Correlation
The correlation between BDJ and TCBIX is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2013 | 0.67 |
Over the past year, the correlation between BDJ and TCBIX has dropped to 0.46 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
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Return for Risk
BDJ vs. TCBIX — Risk / Return Rank
BDJ
TCBIX
BDJ vs. TCBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Enhanced Equity Dividend Trust (BDJ) and The Covered Bridge Fund (TCBIX). 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.
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.
| BDJ | TCBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.38 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 3.53 | -1.60 |
| Martin ratioReturn relative to average drawdown | 7.08 | 11.58 | -4.51 |
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Drawdowns
BDJ vs. TCBIX - Drawdown Comparison
The maximum BDJ drawdown since its inception was -59.46%, which is greater than TCBIX's maximum drawdown of -28.94%. Use the drawdown chart below to compare losses from any high point for BDJ and TCBIX.
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Drawdown Indicators
| BDJ | TCBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.46% | -28.94% | -30.52% |
Max Drawdown (1Y)Largest decline over 1 year | -12.28% | -5.26% | -7.02% |
Max Drawdown (3Y)Largest decline over 3 years | -14.37% | -12.73% | -1.64% |
Max Drawdown (5Y)Largest decline over 5 years | -21.39% | -17.07% | -4.32% |
Max Drawdown (10Y)Largest decline over 10 years | -48.14% | -28.94% | -19.20% |
Current DrawdownCurrent decline from peak | 0.00% | -0.31% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -8.89% | -3.45% | -5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 1.60% | +1.74% |
Volatility
BDJ vs. TCBIX - Volatility Comparison
BlackRock Enhanced Equity Dividend Trust (BDJ) has a higher volatility of 3.07% compared to The Covered Bridge Fund (TCBIX) at 2.90%. This indicates that BDJ's price experiences larger fluctuations and is considered to be riskier than TCBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BDJ | TCBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 2.90% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 9.49% | 6.45% | +3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 8.77% | +3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.03% | 12.20% | +3.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.40% | 13.51% | +4.89% |
BDJ vs. TCBIX - Expense Ratio Comparison
BDJ has a 0.89% expense ratio, which is lower than TCBIX's 1.40% expense ratio.
Dividends
BDJ vs. TCBIX - Dividend Comparison
BDJ's dividend yield for the trailing twelve months is around 8.73%, more than TCBIX's 8.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDJ BlackRock Enhanced Equity Dividend Trust | 8.73% | 9.03% | 8.21% | 9.49% | 12.18% | 5.95% | 7.08% | 6.66% | 7.21% | 6.07% | 6.88% | 7.36% |
TCBIX The Covered Bridge Fund | 8.34% | 8.24% | 7.47% | 7.34% | 8.09% | 6.00% | 4.70% | 6.77% | 11.55% | 7.32% | 7.32% | 5.36% |
Frequently Asked Questions
BDJ and TCBIX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDJ has higher volatility (3.07%) compared to TCBIX (2.90%). In terms of maximum drawdown, BDJ dropped -59.46% vs TCBIX's -28.94%.
TCBIX currently has the higher Sharpe Ratio (2.14 vs 1.95), 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.
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