BDJ vs. WFCMX
BDJ (BlackRock Enhanced Equity Dividend Fund) and WFCMX (Allspring Managed Account CoreBuilder Shares - Series M) are both mutual funds - BDJ is a Derivative Income fund managed by BlackRock, while WFCMX is a Municipal Bonds fund managed by BlackRock. Over the past 10 years, BDJ returned 10.51%/yr vs 2.71%/yr for WFCMX. At a correlation of -0.06, they often move in opposite directions. BDJ charges 0.86%/yr vs 0.00%/yr for WFCMX.
Performance
BDJ vs. WFCMX - Performance Comparison
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Returns By Period
In the year-to-date period, BDJ achieves a 1.80% return, which is significantly lower than WFCMX's 2.26% return. Over the past 10 years, BDJ has outperformed WFCMX with an annualized return of 10.51%, while WFCMX has yielded a comparatively lower 2.71% annualized return.
BDJ
- 1D
- -0.43%
- 1M
- 1.65%
- YTD
- 1.80%
- 6M
- 3.32%
- 1Y
- 18.77%
- 3Y*
- 14.29%
- 5Y*
- 7.74%
- 10Y*
- 10.51%
WFCMX
- 1D
- -0.09%
- 1M
- 1.42%
- YTD
- 2.26%
- 6M
- 2.70%
- 1Y
- 7.39%
- 3Y*
- 4.44%
- 5Y*
- 1.53%
- 10Y*
- 2.71%
BDJ vs. WFCMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BDJ BlackRock Enhanced Equity Dividend Fund | 1.80% | 26.12% | 16.87% | -6.67% | 0.83% | 26.56% | -7.58% | 37.43% | -10.42% | 20.78% |
WFCMX Allspring Managed Account CoreBuilder Shares - Series M | 2.26% | 4.16% | 3.50% | 6.05% | -8.63% | 2.47% | 4.20% | 8.74% | 2.62% | 7.03% |
Correlation
The correlation between BDJ and WFCMX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2008 | -0.06 |
The correlation between BDJ and WFCMX shifts across timeframes, from -0.06 (all time) to 0.13 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BDJ vs. WFCMX — Risk / Return Rank
BDJ
WFCMX
BDJ vs. WFCMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Enhanced Equity Dividend Fund (BDJ) and Allspring Managed Account CoreBuilder Shares - Series M (WFCMX). 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 | WFCMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -2.72 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.80 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 3.06 | -1.52 |
| Martin ratioReturn relative to average drawdown | 5.59 | 11.68 | -6.09 |
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Drawdowns
BDJ vs. WFCMX - Drawdown Comparison
The maximum BDJ drawdown since its inception was -59.46%, which is greater than WFCMX's maximum drawdown of -13.42%. Use the drawdown chart below to compare losses from any high point for BDJ and WFCMX.
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Drawdown Indicators
| BDJ | WFCMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.46% | -13.42% | -46.04% |
Max Drawdown (1Y)Largest decline over 1 year | -12.28% | -2.46% | -9.82% |
Max Drawdown (3Y)Largest decline over 3 years | -15.70% | -5.44% | -10.26% |
Max Drawdown (5Y)Largest decline over 5 years | -21.39% | -13.42% | -7.97% |
Max Drawdown (10Y)Largest decline over 10 years | -48.14% | -13.42% | -34.72% |
Current DrawdownCurrent decline from peak | -1.80% | -0.09% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -1.97% | -6.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 0.64% | +2.73% |
Volatility
BDJ vs. WFCMX - Volatility Comparison
BlackRock Enhanced Equity Dividend Fund (BDJ) has a higher volatility of 3.45% compared to Allspring Managed Account CoreBuilder Shares - Series M (WFCMX) at 0.70%. This indicates that BDJ's price experiences larger fluctuations and is considered to be riskier than WFCMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BDJ | WFCMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 0.70% | +2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 9.49% | 1.91% | +7.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.18% | 2.51% | +9.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 3.81% | +12.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.41% | 3.83% | +14.58% |
BDJ vs. WFCMX - Expense Ratio Comparison
BDJ has a 0.86% expense ratio, which is higher than WFCMX's 0.00% expense ratio.
Dividends
BDJ vs. WFCMX - Dividend Comparison
BDJ's dividend yield for the trailing twelve months is around 9.23%, more than WFCMX's 4.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDJ BlackRock Enhanced Equity Dividend Fund | 9.23% | 9.03% | 8.21% | 9.49% | 12.18% | 5.95% | 7.08% | 6.66% | 7.21% | 6.07% | 6.88% | 7.36% |
WFCMX Allspring Managed Account CoreBuilder Shares - Series M | 4.01% | 4.01% | 3.98% | 3.11% | 3.29% | 2.85% | 3.17% | 3.61% | 3.58% | 3.33% | 3.20% | 3.40% |
Frequently Asked Questions
BDJ and WFCMX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDJ has higher volatility (3.45%) compared to WFCMX (0.70%). In terms of maximum drawdown, BDJ dropped -59.46% vs WFCMX's -13.42%.
WFCMX currently has the higher Sharpe Ratio (2.99 vs 1.55), 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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