BMEAX vs. VTMFX
Compare and contrast key facts about BlackRock High Equity Income Fund Class A (BMEAX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX).
BMEAX is an actively managed fund by BlackRock. It was launched on May 1, 1998. VTMFX is managed by BlackRock. It was launched on Sep 6, 1994.
Performance
BMEAX vs. VTMFX - Performance Comparison
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BMEAX vs. VTMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BMEAX BlackRock High Equity Income Fund Class A | -5.21% | 16.81% | 6.18% | 8.54% | -3.59% | 22.11% | -1.75% | 21.68% | -6.50% | 15.85% |
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares | -3.56% | 11.28% | 12.17% | 15.55% | -12.69% | 13.10% | 13.31% | 18.01% | -1.40% | 12.61% |
Returns By Period
In the year-to-date period, BMEAX achieves a -5.21% return, which is significantly lower than VTMFX's -3.56% return. Both investments have delivered pretty close results over the past 10 years, with BMEAX having a 7.87% annualized return and VTMFX not far behind at 7.82%.
BMEAX
- 1D
- -0.34%
- 1M
- -8.99%
- YTD
- -5.21%
- 6M
- -0.98%
- 1Y
- 7.92%
- 3Y*
- 7.96%
- 5Y*
- 6.15%
- 10Y*
- 7.87%
VTMFX
- 1D
- -0.08%
- 1M
- -5.04%
- YTD
- -3.56%
- 6M
- -1.55%
- 1Y
- 9.77%
- 3Y*
- 9.90%
- 5Y*
- 6.01%
- 10Y*
- 7.82%
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BMEAX vs. VTMFX - Expense Ratio Comparison
BMEAX has a 1.10% expense ratio, which is higher than VTMFX's 0.09% expense ratio.
Return for Risk
BMEAX vs. VTMFX — Risk / Return Rank
BMEAX
VTMFX
BMEAX vs. VTMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock High Equity Income Fund Class A (BMEAX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). 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.
| BMEAX | VTMFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 1.21 | -0.59 |
Sortino ratioReturn per unit of downside risk | 0.95 | 1.75 | -0.79 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.26 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.66 | 1.36 | -0.70 |
Martin ratioReturn relative to average drawdown | 2.72 | 6.49 | -3.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BMEAX | VTMFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 1.21 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.71 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.86 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.82 | -0.28 |
Correlation
The correlation between BMEAX and VTMFX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BMEAX vs. VTMFX - Dividend Comparison
BMEAX's dividend yield for the trailing twelve months is around 7.49%, more than VTMFX's 2.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMEAX BlackRock High Equity Income Fund Class A | 7.49% | 7.62% | 6.10% | 5.45% | 5.70% | 6.46% | 4.52% | 4.46% | 10.86% | 58.18% | 6.05% | 8.93% |
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares | 2.31% | 2.14% | 2.08% | 1.94% | 1.85% | 1.38% | 1.72% | 2.05% | 2.22% | 2.00% | 2.13% | 2.06% |
Drawdowns
BMEAX vs. VTMFX - Drawdown Comparison
The maximum BMEAX drawdown since its inception was -73.05%, which is greater than VTMFX's maximum drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for BMEAX and VTMFX.
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Drawdown Indicators
| BMEAX | VTMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.05% | -28.49% | -44.56% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -6.82% | -4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -19.32% | -17.40% | -1.92% |
Max Drawdown (10Y)Largest decline over 10 years | -38.27% | -21.87% | -16.40% |
Current DrawdownCurrent decline from peak | -9.56% | -5.38% | -4.18% |
Average DrawdownAverage peak-to-trough decline | -19.79% | -3.56% | -16.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 1.43% | +1.38% |
Volatility
BMEAX vs. VTMFX - Volatility Comparison
BlackRock High Equity Income Fund Class A (BMEAX) has a higher volatility of 3.86% compared to Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) at 2.30%. This indicates that BMEAX's price experiences larger fluctuations and is considered to be riskier than VTMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMEAX | VTMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 2.30% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | 4.60% | +3.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.46% | 8.45% | +6.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.29% | 8.49% | +4.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.70% | 9.09% | +6.61% |