BMCIX vs. EQTIX

Last updated Jun 23, 2026

BMCIX (BlackRock High Equity Income Fund) and EQTIX (Shelton Equity Income Fund) are both Derivative Income funds. Over the past 10 years, BMCIX returned 9.73%/yr vs 9.72%/yr for EQTIX. Their correlation of 0.83 suggests significant overlap in exposure. BMCIX charges 0.85%/yr vs 0.72%/yr for EQTIX.

Performance

BMCIX vs. EQTIX - Performance Comparison

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

Returns By Period

In the year-to-date period, BMCIX achieves a 9.40% return, which is significantly higher than EQTIX's 8.58% return. Both investments have delivered pretty close results over the past 10 years, with BMCIX having a 9.73% annualized return and EQTIX not far behind at 9.72%.

BMCIX

• 1D: 0.76%
• 1M: 3.30%
• YTD: 9.40%
• 6M: 10.07%
• 1Y: 23.08%
• 3Y*: 13.20%
• 5Y*: 9.64%
• 10Y*: 9.73%

EQTIX

• 1D: 0.71%
• 1M: 1.49%
• YTD: 8.58%
• 6M: 8.20%
• 1Y: 18.32%
• 3Y*: 14.12%
• 5Y*: 9.62%
• 10Y*: 9.72%

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

BMCIX vs. EQTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BMCIX BlackRock High Equity Income Fund	9.40%	17.11%	7.80%	10.05%	-2.62%	22.41%	-1.56%	22.00%	-6.25%	16.31%
EQTIX Shelton Equity Income Fund	8.58%	8.84%	17.18%	17.17%	-10.28%	23.76%	6.87%	17.66%	-10.00%	13.57%

Correlation

The correlation between BMCIX and EQTIX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Apr 30, 1998	0.83

The correlation between BMCIX and EQTIX has been stable across timeframes, ranging from 0.76 to 0.85 - a consistent structural relationship.

Return for Risk

BMCIX vs. EQTIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BMCIX

BMCIX Risk / Return Rank: 54
BMCIX Sharpe Ratio Rank: 58
BMCIX Sortino Ratio Rank: 61
BMCIX Omega Ratio Rank: 55
BMCIX Calmar Ratio Rank: 44
BMCIX Martin Ratio Rank: 54

EQTIX

EQTIX Risk / Return Rank: 47
EQTIX Sharpe Ratio Rank: 44
EQTIX Sortino Ratio Rank: 41
EQTIX Omega Ratio Rank: 42
EQTIX Calmar Ratio Rank: 50
EQTIX Martin Ratio Rank: 60

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BMCIX vs. EQTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock High Equity Income Fund (BMCIX) and Shelton Equity Income Fund (EQTIX). 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	EQTIX	Difference
Sharpe ratio: Return per unit of total volatility	2.07	1.80	+0.27
Sortino ratio: Return per unit of downside risk	2.99	2.48	+0.52
Omega ratio: Gain probability vs. loss probability	1.37	1.32	+0.05
Calmar ratio: Return relative to maximum drawdown	2.42	2.59	-0.17
Martin ratio: Return relative to average drawdown	10.33	11.18	-0.85

BMCIX vs. EQTIX - Sharpe Ratio Comparison

The current BMCIX Sharpe Ratio is 2.07, which is comparable to the EQTIX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of BMCIX and EQTIX, 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. EQTIX - Drawdown Comparison

The maximum BMCIX drawdown since its inception was -72.64%, which is greater than EQTIX's maximum drawdown of -53.77%. Use the drawdown chart below to compare losses from any high point for BMCIX and EQTIX.

Drawdown Indicators

	BMCIX	EQTIX	Difference
Max Drawdown Largest peak-to-trough decline	-72.64%	-53.77%	-18.87%
Max Drawdown (1Y) Largest decline over 1 year	-9.51%	-7.10%	-2.41%
Max Drawdown (3Y) Largest decline over 3 years	-13.69%	-17.03%	+3.34%
Max Drawdown (5Y) Largest decline over 5 years	-18.63%	-19.03%	+0.40%
Max Drawdown (10Y) Largest decline over 10 years	-38.24%	-29.85%	-8.39%
Current Drawdown Current decline from peak	-0.44%	-0.97%	+0.53%
Average Drawdown Average peak-to-trough decline	-18.80%	-7.16%	-11.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	1.64%	+0.59%

Volatility

BMCIX vs. EQTIX - Volatility Comparison

The current volatility for BlackRock High Equity Income Fund (BMCIX) is 3.71%, while Shelton Equity Income Fund (EQTIX) has a volatility of 4.26%. This indicates that BMCIX experiences smaller price fluctuations and is considered to be less risky than EQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BMCIX	EQTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.71%	4.26%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	8.83%	8.42%	+0.41%
Volatility (1Y) Calculated over the trailing 1-year period	11.13%	10.24%	+0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.47%	13.20%	+0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.77%	14.34%	+1.43%

BMCIX vs. EQTIX - Expense Ratio Comparison

BMCIX has a 0.85% expense ratio, which is higher than EQTIX's 0.72% expense ratio.

Dividends

BMCIX vs. EQTIX - Dividend Comparison

BMCIX's dividend yield for the trailing twelve months is around 7.60%, less than EQTIX's 8.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BMCIX BlackRock High Equity Income Fund	7.60%	7.86%	7.66%	6.75%	6.60%	6.58%	4.50%	3.95%	9.41%	50.24%	5.51%	8.16%
EQTIX Shelton Equity Income Fund	8.45%	7.62%	9.51%	9.25%	9.83%	11.98%	24.62%	4.89%	23.96%	14.65%	16.02%	3.33%

Frequently Asked Questions

Can I hold both BMCIX and EQTIX in my portfolio?

BMCIX and EQTIX have a correlation of 0.81, 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 EQTIX?

EQTIX has higher volatility (4.26%) compared to BMCIX (3.71%). In terms of maximum drawdown, BMCIX dropped -72.64% vs EQTIX's -53.77%.

Which has better risk-adjusted returns?

BMCIX currently has the higher Sharpe Ratio (2.07 vs 1.80), 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.