BMCIX vs. QQQX
BMCIX (BlackRock High Equity Income Fund) and QQQX (Nuveen Nasdaq 100 Dynamic Overwrite Fund) are both Derivative Income funds. Over the past 10 years, BMCIX returned 9.73%/yr vs 13.67%/yr for QQQX. A 0.63 correlation means they provide meaningful diversification when combined. BMCIX charges 0.85%/yr vs 0.89%/yr for QQQX.
Performance
BMCIX vs. QQQX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BMCIX having a 9.40% return and QQQX slightly higher at 9.72%. Over the past 10 years, BMCIX has underperformed QQQX with an annualized return of 9.73%, while QQQX has yielded a comparatively higher 13.67% annualized return.
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%
QQQX
- 1D
- -0.42%
- 1M
- -0.11%
- YTD
- 9.72%
- 6M
- 10.69%
- 1Y
- 29.13%
- 3Y*
- 15.64%
- 5Y*
- 8.85%
- 10Y*
- 13.67%
BMCIX vs. QQQX - 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% |
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 9.72% | 14.87% | 25.61% | 21.68% | -27.39% | 25.32% | 15.75% | 28.83% | -11.68% | 39.19% |
Correlation
The correlation between BMCIX and QQQX is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007 | 0.63 |
The correlation between BMCIX and QQQX shifts across timeframes, from 0.51 (3 years) to 0.63 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BMCIX vs. QQQX — Risk / Return Rank
BMCIX
QQQX
BMCIX vs. QQQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock High Equity Income Fund (BMCIX) and Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX). 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 | QQQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.36 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 3.21 | -0.79 |
| Martin ratioReturn relative to average drawdown | 10.33 | 13.97 | -3.64 |
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Drawdowns
BMCIX vs. QQQX - Drawdown Comparison
The maximum BMCIX drawdown since its inception was -72.64%, which is greater than QQQX's maximum drawdown of -57.25%. Use the drawdown chart below to compare losses from any high point for BMCIX and QQQX.
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Drawdown Indicators
| BMCIX | QQQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.64% | -57.25% | -15.39% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -9.11% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -13.69% | -22.80% | +9.11% |
Max Drawdown (5Y)Largest decline over 5 years | -18.63% | -29.33% | +10.70% |
Max Drawdown (10Y)Largest decline over 10 years | -38.24% | -35.96% | -2.28% |
Current DrawdownCurrent decline from peak | -0.44% | -3.61% | +3.17% |
Average DrawdownAverage peak-to-trough decline | -18.80% | -8.01% | -10.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 2.09% | +0.14% |
Volatility
BMCIX vs. QQQX - Volatility Comparison
The current volatility for BlackRock High Equity Income Fund (BMCIX) is 3.71%, while Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) has a volatility of 5.70%. This indicates that BMCIX experiences smaller price fluctuations and is considered to be less risky than QQQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMCIX | QQQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 5.70% | -1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 8.83% | 12.36% | -3.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.13% | 15.01% | -3.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.47% | 19.92% | -6.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 21.12% | -5.35% |
BMCIX vs. QQQX - Expense Ratio Comparison
BMCIX has a 0.85% expense ratio, which is lower than QQQX's 0.89% expense ratio.
Dividends
BMCIX vs. QQQX - Dividend Comparison
BMCIX's dividend yield for the trailing twelve months is around 7.60%, less than QQQX's 8.28% 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% |
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 8.28% | 7.85% | 6.73% | 7.26% | 9.66% | 5.85% | 6.00% | 6.49% | 8.40% | 5.95% | 7.54% | 7.23% |
Frequently Asked Questions
BMCIX and QQQX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQX has higher volatility (5.70%) compared to BMCIX (3.71%). In terms of maximum drawdown, BMCIX dropped -72.64% vs QQQX's -57.25%.
BMCIX currently has the higher Sharpe Ratio (2.07 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.
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