BILPX vs. SCJIX
BILPX (BlackRock Event Driven Equity Fund) and SCJIX (Crossmark Steward Covered Call Income Fund) are both mutual funds - BILPX is a Event Driven fund managed by BlackRock, while SCJIX is a Derivative Income fund managed by Crossmark Steward Funds. Over the past 5 years, BILPX returned 4.43%/yr vs 8.46%/yr for SCJIX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. BILPX charges 1.16%/yr vs 1.00%/yr for SCJIX.
Performance
BILPX vs. SCJIX - Performance Comparison
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Returns By Period
In the year-to-date period, BILPX achieves a 3.08% return, which is significantly higher than SCJIX's 2.08% return.
BILPX
- 1D
- 0.00%
- 1M
- -0.19%
- 6M
- 3.37%
- YTD
- 3.08%
- 1Y
- 5.34%
- 3Y*
- 6.65%
- 5Y*
- 4.43%
- 10Y*
- 5.19%
- ALL TIME*
- 5.25%
SCJIX
- 1D
- 1.37%
- 1M
- -1.10%
- 6M
- 1.89%
- YTD
- 2.08%
- 1Y
- 11.37%
- 3Y*
- 11.98%
- 5Y*
- 8.46%
- 10Y*
- —
- ALL TIME*
- 9.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BILPX vs. SCJIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BILPX BlackRock Event Driven Equity Fund | 3.08% | 8.43% | 4.37% | 5.38% | 0.01% | 1.95% | 6.30% | 7.29% | 5.47% | 0.36% |
SCJIX Crossmark Steward Covered Call Income Fund | 2.08% | 13.28% | 16.96% | 19.43% | -12.28% | 21.59% | 6.97% | 20.76% | -3.65% | -0.40% |
Correlation
The correlation between BILPX and SCJIX is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Dec 21, 2017 | 0.61 |
The correlation between BILPX and SCJIX shifts across timeframes, from 0.45 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BILPX vs. SCJIX — Risk / Return Rank
BILPX
SCJIX
BILPX vs. SCJIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Event Driven Equity Fund (BILPX) and Crossmark Steward Covered Call Income Fund (SCJIX). 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.
| BILPX | SCJIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.20 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 1.16 | +2.22 |
| Martin ratioReturn relative to average drawdown | 12.91 | 4.82 | +8.09 |
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Drawdowns
BILPX vs. SCJIX - Drawdown Comparison
The maximum BILPX drawdown since its inception was -47.50%, which is greater than SCJIX's maximum drawdown of -29.38%. Use the drawdown chart below to compare losses from any high point for BILPX and SCJIX.
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Drawdown Indicators
| BILPX | SCJIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.50% | -29.38% | -18.12% |
Max Drawdown (1Y)Largest decline over 1 year | -1.53% | -8.52% | +6.99% |
Max Drawdown (3Y)Largest decline over 3 years | -3.33% | -15.56% | +12.23% |
Max Drawdown (5Y)Largest decline over 5 years | -4.31% | -18.12% | +13.81% |
Max Drawdown (10Y)Largest decline over 10 years | -11.58% | — | — |
Current DrawdownCurrent decline from peak | -0.38% | -2.17% | +1.79% |
Average DrawdownAverage peak-to-trough decline | -5.48% | -3.58% | -1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 2.05% | -1.65% |
Volatility
BILPX vs. SCJIX - Volatility Comparison
The current volatility for BlackRock Event Driven Equity Fund (BILPX) is 1.02%, while Crossmark Steward Covered Call Income Fund (SCJIX) has a volatility of 3.12%. This indicates that BILPX experiences smaller price fluctuations and is considered to be less risky than SCJIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BILPX | SCJIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 3.12% | -2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 7.83% | -5.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.99% | 9.28% | -6.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.09% | 12.60% | -8.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.64% | 14.83% | -10.19% |
BILPX vs. SCJIX - Expense Ratio Comparison
BILPX has a 1.16% expense ratio, which is higher than SCJIX's 1.00% expense ratio.
Dividends
BILPX vs. SCJIX - Dividend Comparison
BILPX's dividend yield for the trailing twelve months is around 3.29%, less than SCJIX's 8.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BILPX BlackRock Event Driven Equity Fund | 3.29% | 4.19% | 4.16% | 1.99% | 2.58% | 2.66% | 2.97% | 3.41% | 1.97% | 5.12% | 1.11% | 74.64% |
SCJIX Crossmark Steward Covered Call Income Fund | 8.83% | 9.18% | 12.61% | 8.45% | 9.53% | 25.39% | 15.45% | 7.00% | 10.68% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BILPX and SCJIX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCJIX has higher volatility (3.12%) compared to BILPX (1.02%). In terms of maximum drawdown, BILPX dropped -47.50% vs SCJIX's -29.38%.
BILPX currently has the higher Sharpe Ratio (1.73 vs 1.07), 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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