BMCIX vs. CII
BMCIX (BlackRock High Equity Income Fund) and CII (BlackRock Enhanced Large Cap Core Fund) are both Derivative Income funds from BlackRock. Over the past 10 years, BMCIX returned 10.00%/yr vs 15.28%/yr for CII. A 0.62 correlation means they provide meaningful diversification when combined. BMCIX charges 0.85%/yr vs 0.91%/yr for CII.
Performance
BMCIX vs. CII - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BMCIX having a 9.23% return and CII slightly lower at 9.01%. Over the past 10 years, BMCIX has underperformed CII with an annualized return of 10.00%, while CII has yielded a comparatively higher 15.28% annualized return.
BMCIX
- 1D
- -0.16%
- 1M
- 3.13%
- YTD
- 9.23%
- 6M
- 9.79%
- 1Y
- 22.32%
- 3Y*
- 13.96%
- 5Y*
- 9.32%
- 10Y*
- 10.00%
CII
- 1D
- 0.24%
- 1M
- -0.31%
- YTD
- 9.01%
- 6M
- 9.11%
- 1Y
- 41.18%
- 3Y*
- 22.38%
- 5Y*
- 14.02%
- 10Y*
- 15.28%
BMCIX vs. CII - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BMCIX BlackRock High Equity Income Fund | 9.23% | 17.11% | 7.80% | 10.05% | -2.62% | 22.41% | -1.56% | 22.00% | -6.25% | 16.31% |
CII BlackRock Enhanced Large Cap Core Fund | 9.01% | 37.78% | 12.70% | 18.47% | -13.21% | 34.26% | 8.11% | 30.46% | -8.60% | 27.73% |
Correlation
The correlation between BMCIX and CII is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since May 26, 2004 | 0.62 |
The correlation between BMCIX and CII shifts across timeframes, from 0.46 (1 year) to 0.66 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
BMCIX vs. CII — Risk / Return Rank
BMCIX
CII
BMCIX vs. CII - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock High Equity Income Fund (BMCIX) and BlackRock Enhanced Large Cap Core Fund (CII). 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 | CII | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.45 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 3.55 | -1.13 |
| Martin ratioReturn relative to average drawdown | 10.30 | 13.09 | -2.78 |
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Drawdowns
BMCIX vs. CII - Drawdown Comparison
The maximum BMCIX drawdown since its inception was -72.64%, which is greater than CII's maximum drawdown of -56.43%. Use the drawdown chart below to compare losses from any high point for BMCIX and CII.
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Drawdown Indicators
| BMCIX | CII | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.64% | -56.43% | -16.21% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -11.67% | +2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -13.69% | -21.05% | +7.36% |
Max Drawdown (5Y)Largest decline over 5 years | -18.63% | -22.32% | +3.69% |
Max Drawdown (10Y)Largest decline over 10 years | -38.24% | -40.56% | +2.32% |
Current DrawdownCurrent decline from peak | -0.59% | -5.21% | +4.62% |
Average DrawdownAverage peak-to-trough decline | -18.80% | -6.17% | -12.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 3.16% | -0.93% |
Volatility
BMCIX vs. CII - Volatility Comparison
The current volatility for BlackRock High Equity Income Fund (BMCIX) is 3.67%, while BlackRock Enhanced Large Cap Core Fund (CII) has a volatility of 6.02%. This indicates that BMCIX experiences smaller price fluctuations and is considered to be less risky than CII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMCIX | CII | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 6.02% | -2.35% |
Volatility (6M)Calculated over the trailing 6-month period | 8.84% | 12.54% | -3.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.15% | 15.78% | -4.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.46% | 17.21% | -3.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 18.57% | -2.80% |
BMCIX vs. CII - Expense Ratio Comparison
BMCIX has a 0.85% expense ratio, which is lower than CII's 0.91% expense ratio.
Dividends
BMCIX vs. CII - Dividend Comparison
BMCIX's dividend yield for the trailing twelve months is around 7.61%, less than CII's 15.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMCIX BlackRock High Equity Income Fund | 7.61% | 7.86% | 7.66% | 6.75% | 6.60% | 6.58% | 4.50% | 3.95% | 9.41% | 50.24% | 5.51% | 8.16% |
CII BlackRock Enhanced Large Cap Core Fund | 15.83% | 16.65% | 6.15% | 6.28% | 12.27% | 4.98% | 6.03% | 5.79% | 7.06% | 6.07% | 8.38% | 8.49% |
Frequently Asked Questions
BMCIX and CII 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.
CII has higher volatility (6.02%) compared to BMCIX (3.67%). In terms of maximum drawdown, BMCIX dropped -72.64% vs CII's -56.43%.
CII currently has the higher Sharpe Ratio (2.62 vs 2.07), 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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