BOE vs. BGY
BOE (BlackRock Enhanced Global Dividend Trust) and BGY (BlackRock Enhanced International Dividend Trust) are both Derivative Income funds from BlackRock. Both are actively managed. Over the past 10 years, BOE returned 9.13%/yr vs 7.87%/yr for BGY. Their 0.74 correlation means they have sometimes moved together and sometimes differently. BOE charges 1.11%/yr vs 1.19%/yr for BGY.
Performance
BOE vs. BGY - Performance Comparison
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Returns By Period
In the year-to-date period, BOE achieves a 8.61% return, which is significantly higher than BGY's 3.46% return. Over the past 10 years, BOE has outperformed BGY with an annualized return of 9.13%, while BGY has yielded a comparatively lower 7.87% annualized return.
BOE
- 1D
- -0.25%
- 1M
- 0.77%
- 6M
- 6.14%
- YTD
- 8.61%
- 1Y
- 17.80%
- 3Y*
- 15.00%
- 5Y*
- 7.52%
- 10Y*
- 9.13%
- ALL TIME*
- 6.32%
BGY
- 1D
- 0.52%
- 1M
- 1.62%
- 6M
- 1.00%
- YTD
- 3.46%
- 1Y
- 12.51%
- 3Y*
- 10.65%
- 5Y*
- 6.51%
- 10Y*
- 7.87%
- ALL TIME*
- 3.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.31M | $1.23M | $1.69M | |
| $1.04M | $1.04M | $1.20M |
BOE vs. BGY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BOE BlackRock Enhanced Global Dividend Trust | 8.61% | 18.77% | 16.76% | 12.00% | -15.49% | 18.94% | 7.39% | 26.08% | -19.23% | 29.71% |
BGY BlackRock Enhanced International Dividend Trust | 3.46% | 21.21% | 8.66% | 13.36% | -13.61% | 14.18% | 7.70% | 27.38% | -17.59% | 27.43% |
Correlation
The correlation between BOE and BGY is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.76 |
Correlation (All Time) Calculated using the full available price history since May 25, 2007 | 0.74 |
The correlation between BOE and BGY has been stable across timeframes, ranging from 0.74 to 0.79 - a consistent structural relationship.
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Return for Risk
BOE vs. BGY — Risk / Return Rank
BOE
BGY
BOE vs. BGY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Enhanced Global Dividend Trust (BOE) and BlackRock Enhanced International Dividend Trust (BGY). 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.
| BOE | BGY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.14 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 0.73 | +0.68 |
| Martin ratioReturn relative to average drawdown | 6.05 | 2.36 | +3.69 |
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Drawdowns
BOE vs. BGY - Drawdown Comparison
The maximum BOE drawdown since its inception was -59.39%, smaller than the maximum BGY drawdown of -64.36%. Use the drawdown chart below to compare losses from any high point for BOE and BGY.
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Drawdown Indicators
| BOE | BGY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.39% | -64.36% | +4.97% |
Max Drawdown (1Y)Largest decline over 1 year | -11.51% | -15.47% | +3.96% |
Max Drawdown (3Y)Largest decline over 3 years | -14.53% | -15.47% | +0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -26.13% | -27.67% | +1.54% |
Max Drawdown (10Y)Largest decline over 10 years | -36.55% | -34.06% | -2.49% |
Current DrawdownCurrent decline from peak | -0.71% | -3.41% | +2.70% |
Average DrawdownAverage peak-to-trough decline | -9.30% | -11.21% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 4.81% | -2.12% |
Volatility
BOE vs. BGY - Volatility Comparison
BlackRock Enhanced Global Dividend Trust (BOE) and BlackRock Enhanced International Dividend Trust (BGY) have volatilities of 3.95% and 3.89%, 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
| BOE | BGY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 3.89% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.34% | 12.58% | -2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.42% | 15.04% | -2.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.63% | 16.34% | -1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 16.81% | -0.53% |
BOE vs. BGY - Expense Ratio Comparison
BOE has a 1.11% expense ratio, which is lower than BGY's 1.19% expense ratio.
Dividends
BOE vs. BGY - Dividend Comparison
BOE's dividend yield for the trailing twelve months is around 8.19%, less than BGY's 8.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGY BlackRock Enhanced International Dividend Trust | 8.84% | 8.69% | 7.80% | 7.70% | 8.08% | 6.46% | 6.91% | 6.89% | 8.90% | 6.99% | 9.47% | 9.42% |
BOE BlackRock Enhanced Global Dividend Trust | 8.19% | 8.47% | 7.20% | 7.62% | 7.91% | 6.21% | 6.93% | 6.88% | 9.03% | 18.90% | 9.08% | 9.12% |
Frequently Asked Questions
BOE and BGY have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOE has higher volatility (3.95%) compared to BGY (3.89%). In terms of maximum drawdown, BOE dropped -59.39% vs BGY's -64.36%.
BOE currently has the higher Sharpe Ratio (1.31 vs 0.76), 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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