BMEAX vs. BMCIX
BMEAX (BlackRock High Equity Income Fund Class A) and BMCIX (BlackRock High Equity Income Fund) are both Derivative Income funds from BlackRock. Over the past 10 years, BMEAX returned 9.41%/yr vs 10.00%/yr for BMCIX. With a 1.00 correlation, they move nearly in lockstep. BMEAX charges 1.10%/yr vs 0.85%/yr for BMCIX.
Performance
BMEAX vs. BMCIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BMEAX having a 9.13% return and BMCIX slightly higher at 9.23%. Over the past 10 years, BMEAX has underperformed BMCIX with an annualized return of 9.41%, while BMCIX has yielded a comparatively higher 10.00% annualized return.
BMEAX
- 1D
- -0.15%
- 1M
- 3.12%
- YTD
- 9.13%
- 6M
- 9.66%
- 1Y
- 22.00%
- 3Y*
- 12.77%
- 5Y*
- 8.36%
- 10Y*
- 9.41%
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%
BMEAX vs. BMCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BMEAX BlackRock High Equity Income Fund Class A | 9.13% | 16.81% | 6.18% | 8.54% | -3.59% | 22.11% | -1.75% | 21.68% | -6.50% | 15.85% |
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% |
Correlation
The correlation between BMEAX and BMCIX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 1998 | 1.00 |
The correlation between BMEAX and BMCIX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
BMEAX vs. BMCIX — Risk / Return Rank
BMEAX
BMCIX
BMEAX vs. BMCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock High Equity Income Fund Class A (BMEAX) and BlackRock High Equity Income Fund (BMCIX). 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.
| BMEAX | BMCIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 2.42 | -0.04 |
| Martin ratioReturn relative to average drawdown | 10.11 | 10.30 | -0.19 |
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Drawdowns
BMEAX vs. BMCIX - Drawdown Comparison
The maximum BMEAX drawdown since its inception was -73.05%, roughly equal to the maximum BMCIX drawdown of -72.64%. Use the drawdown chart below to compare losses from any high point for BMEAX and BMCIX.
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Drawdown Indicators
| BMEAX | BMCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.05% | -72.64% | -0.41% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -9.51% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -13.79% | -13.69% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -19.32% | -18.63% | -0.69% |
Max Drawdown (10Y)Largest decline over 10 years | -38.27% | -38.24% | -0.03% |
Current DrawdownCurrent decline from peak | -0.60% | -0.59% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -19.63% | -18.80% | -0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 2.23% | +0.01% |
Volatility
BMEAX vs. BMCIX - Volatility Comparison
BlackRock High Equity Income Fund Class A (BMEAX) and BlackRock High Equity Income Fund (BMCIX) have volatilities of 3.66% and 3.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMEAX | BMCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 3.67% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 8.88% | 8.84% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.17% | 11.15% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.45% | 13.46% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 15.77% | -0.01% |
BMEAX vs. BMCIX - Expense Ratio Comparison
BMEAX has a 1.10% expense ratio, which is higher than BMCIX's 0.85% expense ratio.
Dividends
BMEAX vs. BMCIX - Dividend Comparison
BMEAX's dividend yield for the trailing twelve months is around 7.38%, less than BMCIX's 7.61% 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% |
BMEAX BlackRock High Equity Income Fund Class A | 7.38% | 7.62% | 6.10% | 5.45% | 5.70% | 6.46% | 4.52% | 4.46% | 10.86% | 58.18% | 6.05% | 8.93% |
Frequently Asked Questions
With a correlation of 1.00, BMEAX and BMCIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BMCIX has higher volatility (3.67%) compared to BMEAX (3.66%). In terms of maximum drawdown, BMEAX dropped -73.05% vs BMCIX's -72.64%.
BMCIX currently has the higher Sharpe Ratio (2.07 vs 2.04), 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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