BMCIX vs. ENHNX
BMCIX (BlackRock High Equity Income Fund) and ENHNX (Cullen Enhanced Equity Income Fund) are both Derivative Income funds. Over the past 10 years, BMCIX returned 10.00%/yr vs 7.16%/yr for ENHNX. Their correlation of 0.88 suggests significant overlap in exposure. BMCIX charges 0.85%/yr vs 0.75%/yr for ENHNX.
Performance
BMCIX vs. ENHNX - Performance Comparison
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Returns By Period
In the year-to-date period, BMCIX achieves a 9.23% return, which is significantly higher than ENHNX's 7.69% return. Over the past 10 years, BMCIX has outperformed ENHNX with an annualized return of 10.00%, while ENHNX has yielded a comparatively lower 7.16% 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%
ENHNX
- 1D
- 0.45%
- 1M
- -0.99%
- YTD
- 7.69%
- 6M
- 7.48%
- 1Y
- 11.96%
- 3Y*
- 8.19%
- 5Y*
- 4.87%
- 10Y*
- 7.16%
BMCIX vs. ENHNX - 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% |
ENHNX Cullen Enhanced Equity Income Fund | 7.69% | 6.20% | 6.89% | 0.99% | -1.98% | 21.67% | 1.52% | 18.16% | -5.10% | 10.69% |
Correlation
The correlation between BMCIX and ENHNX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.88 |
The correlation between BMCIX and ENHNX shifts across timeframes, from 0.78 (1 year) to 0.88 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
BMCIX vs. ENHNX — Risk / Return Rank
BMCIX
ENHNX
BMCIX vs. ENHNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock High Equity Income Fund (BMCIX) and Cullen Enhanced Equity Income Fund (ENHNX). 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 | ENHNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.21 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 2.01 | +0.40 |
| Martin ratioReturn relative to average drawdown | 10.30 | 5.00 | +5.31 |
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Drawdowns
BMCIX vs. ENHNX - Drawdown Comparison
The maximum BMCIX drawdown since its inception was -72.64%, which is greater than ENHNX's maximum drawdown of -35.59%. Use the drawdown chart below to compare losses from any high point for BMCIX and ENHNX.
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Drawdown Indicators
| BMCIX | ENHNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.64% | -35.59% | -37.05% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -6.34% | -3.17% |
Max Drawdown (3Y)Largest decline over 3 years | -13.69% | -13.60% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -18.63% | -18.30% | -0.33% |
Max Drawdown (10Y)Largest decline over 10 years | -38.24% | -35.59% | -2.65% |
Current DrawdownCurrent decline from peak | -0.59% | -2.21% | +1.62% |
Average DrawdownAverage peak-to-trough decline | -18.80% | -4.05% | -14.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 2.55% | -0.32% |
Volatility
BMCIX vs. ENHNX - Volatility Comparison
BlackRock High Equity Income Fund (BMCIX) has a higher volatility of 3.67% compared to Cullen Enhanced Equity Income Fund (ENHNX) at 3.17%. This indicates that BMCIX's price experiences larger fluctuations and is considered to be riskier than ENHNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMCIX | ENHNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 3.17% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 8.84% | 7.09% | +1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.15% | 10.14% | +1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.46% | 12.81% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 15.49% | +0.28% |
BMCIX vs. ENHNX - Expense Ratio Comparison
BMCIX has a 0.85% expense ratio, which is higher than ENHNX's 0.75% expense ratio.
Dividends
BMCIX vs. ENHNX - Dividend Comparison
BMCIX's dividend yield for the trailing twelve months is around 7.61%, more than ENHNX's 5.72% 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% |
ENHNX Cullen Enhanced Equity Income Fund | 5.72% | 4.38% | 5.99% | 6.22% | 3.82% | 7.77% | 5.86% | 5.69% | 6.45% | 6.82% | 7.67% | 0.00% |
Frequently Asked Questions
BMCIX and ENHNX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMCIX has higher volatility (3.67%) compared to ENHNX (3.17%). In terms of maximum drawdown, BMCIX dropped -72.64% vs ENHNX's -35.59%.
BMCIX currently has the higher Sharpe Ratio (2.07 vs 1.26), 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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