BMCIX vs. BALI

Last updated Aug 1, 2026

BMCIX (BlackRock High Equity Income Fund) and BALI (Blackrock Advantage Large Cap Income ETF) are both Derivative Income funds from BlackRock. Over the past year, BMCIX returned 23.44% vs 23.42% for BALI. Their 0.67 correlation means they have sometimes moved together and sometimes differently. BMCIX charges 0.85%/yr vs 0.35%/yr for BALI.

Performance

BMCIX vs. BALI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock High Equity Income Fund (BMCIX) and Blackrock Advantage Large Cap Income ETF (BALI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with BMCIX having a 12.22% return and BALI slightly higher at 12.53%.

BMCIX

• 1D: 0.75%
• 1M: 0.81%
• 6M: 8.50%
• YTD: 12.22%
• 1Y: 23.44%
• 3Y*: 13.06%
• 5Y*: 9.69%
• 10Y*: 9.67%
• ALL TIME*: 12.21%

BALI

• 1D: 0.56%
• 1M: 1.43%
• 6M: 10.03%
• YTD: 12.53%
• 1Y: 23.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.30%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BALI Blackrock Advantage Large Cap Income ETF	$7.45M	$7.43M	$9.08M
BMCIX BlackRock High Equity Income Fund	$0.00	$0.00	$0.00

BMCIX vs. BALI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BMCIX BlackRock High Equity Income Fund	12.22%	17.11%	7.80%	9.59%
BALI Blackrock Advantage Large Cap Income ETF	12.53%	14.51%	22.38%	9.71%

Correlation

The correlation between BMCIX and BALI is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.70
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023	0.67

The correlation between BMCIX and BALI has been stable across timeframes, ranging from 0.67 to 0.70 - a consistent structural relationship.

Return for Risk

BMCIX vs. BALI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BMCIX

BMCIX Risk / Return Rank: 78
BMCIX Sharpe Ratio Rank: 81
BMCIX Sortino Ratio Rank: 81
BMCIX Omega Ratio Rank: 78
BMCIX Calmar Ratio Rank: 69
BMCIX Martin Ratio Rank: 80

BALI

BALI Risk / Return Rank: 87
BALI Sharpe Ratio Rank: 86
BALI Sortino Ratio Rank: 85
BALI Omega Ratio Rank: 86
BALI Calmar Ratio Rank: 85
BALI Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BMCIX vs. BALI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock High Equity Income Fund (BMCIX) and Blackrock Advantage Large Cap Income ETF (BALI). 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.

	BMCIX	BALI	Difference
Sharpe ratio: Return per unit of total volatility	1.95	2.02	-0.07
Sortino ratio: Return per unit of downside risk	2.80	2.80	+0.01
Omega ratio: Gain probability vs. loss probability	1.35	1.37	-0.03
Calmar ratio: Return relative to maximum drawdown	2.28	3.23	-0.94
Martin ratio: Return relative to average drawdown	9.89	15.05	-5.16

BMCIX vs. BALI - Sharpe Ratio Comparison

The current BMCIX Sharpe Ratio is 1.95, which is comparable to the BALI Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of BMCIX and BALI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BMCIX vs. BALI - Drawdown Comparison

The maximum BMCIX drawdown since its inception was -72.64%, which is greater than BALI's maximum drawdown of -16.65%. Use the drawdown chart below to compare losses from any high point for BMCIX and BALI.

Drawdown Indicators

	BMCIX	BALI	Difference
Max Drawdown Largest peak-to-trough decline	-72.64%	-16.65%	-55.99%
Max Drawdown (1Y) Largest decline over 1 year	-9.51%	-6.71%	-2.80%
Max Drawdown (3Y) Largest decline over 3 years	-13.69%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.63%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.24%	—	—
Current Drawdown Current decline from peak	-0.25%	0.00%	-0.25%
Average Drawdown Average peak-to-trough decline	-18.73%	-1.60%	-17.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	1.44%	+0.75%

Volatility

BMCIX vs. BALI - Volatility Comparison

The current volatility for BlackRock High Equity Income Fund (BMCIX) is 2.64%, while Blackrock Advantage Large Cap Income ETF (BALI) has a volatility of 2.93%. This indicates that BMCIX experiences smaller price fluctuations and is considered to be less risky than BALI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BMCIX	BALI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.64%	2.93%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	8.92%	8.42%	+0.50%
Volatility (1Y) Calculated over the trailing 1-year period	11.18%	10.73%	+0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.40%	12.90%	+0.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.65%	12.90%	+2.75%

BMCIX vs. BALI - Expense Ratio Comparison

BMCIX has a 0.85% expense ratio, which is higher than BALI's 0.35% expense ratio.

Dividends

BMCIX vs. BALI - Dividend Comparison

BMCIX's dividend yield for the trailing twelve months is around 6.95%, less than BALI's 7.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BALI Blackrock Advantage Large Cap Income ETF	7.23%	8.51%	7.13%	2.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BMCIX BlackRock High Equity Income Fund	6.95%	7.86%	7.66%	6.75%	6.60%	6.58%	4.50%	3.95%	9.41%	50.24%	5.51%	8.16%

Frequently Asked Questions

Can I hold both BMCIX and BALI in my portfolio?

BMCIX and BALI have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BMCIX or BALI?

BALI has higher volatility (2.93%) compared to BMCIX (2.64%). In terms of maximum drawdown, BMCIX dropped -72.64% vs BALI's -16.65%.

Which has better risk-adjusted returns?

BALI currently has the higher Sharpe Ratio (2.02 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.