CII vs. FFA
CII (BlackRock Enhanced Large Cap Core Fund, Inc.) is a stock, while FFA (First Trust Enhanced Equity Income Fund) is Derivative Income fund actively managed by First Trust. Both are actively managed. Over the past 10 years, CII returned 14.71%/yr vs 13.42%/yr for FFA. Their 0.65 correlation means they have sometimes moved together and sometimes differently. CII charges 0.93%/yr vs 1.22%/yr for FFA.
Performance
CII vs. FFA - Performance Comparison
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Returns By Period
In the year-to-date period, CII achieves a 9.34% return, which is significantly higher than FFA's 7.62% return. Over the past 10 years, CII has outperformed FFA with an annualized return of 14.71%, while FFA has yielded a comparatively lower 13.42% annualized return.
CII
- 1D
- 1.66%
- 1M
- -3.96%
- 6M
- 8.55%
- YTD
- 9.34%
- 1Y
- 34.62%
- 3Y*
- 21.29%
- 5Y*
- 13.31%
- 10Y*
- 14.71%
- ALL TIME*
- 10.64%
FFA
- 1D
- 1.46%
- 1M
- 1.92%
- 6M
- 7.14%
- YTD
- 7.62%
- 1Y
- 19.55%
- 3Y*
- 16.53%
- 5Y*
- 9.84%
- 10Y*
- 13.42%
- ALL TIME*
- 8.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.75M | $2.23M | $1.91M | |
| $454.27K | $473.01K | $604.96K |
CII vs. FFA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CII BlackRock Enhanced Large Cap Core Fund, Inc. | 9.34% | 37.78% | 12.70% | 18.47% | -13.21% | 34.26% | 8.11% | 30.46% | -8.60% | 27.73% |
FFA First Trust Enhanced Equity Income Fund | 7.62% | 14.23% | 21.46% | 24.73% | -20.26% | 28.69% | 10.82% | 43.35% | -13.93% | 28.97% |
Correlation
The correlation between CII and FFA is 0.65, 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. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2004 | 0.65 |
The correlation between CII and FFA has been stable across timeframes, ranging from 0.65 to 0.74 - a consistent structural relationship.
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Return for Risk
CII vs. FFA — Risk / Return Rank
CII
FFA
CII vs. FFA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Enhanced Large Cap Core Fund, Inc. (CII) and First Trust Enhanced Equity Income Fund (FFA). 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.
| CII | FFA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.29 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 1.93 | +1.05 |
| Martin ratioReturn relative to average drawdown | 9.80 | 8.44 | +1.36 |
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Drawdowns
CII vs. FFA - Drawdown Comparison
The maximum CII drawdown since its inception was -56.43%, roughly equal to the maximum FFA drawdown of -57.51%. Use the drawdown chart below to compare losses from any high point for CII and FFA.
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Drawdown Indicators
| CII | FFA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.43% | -57.51% | +1.08% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -10.15% | -1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -21.05% | -19.94% | -1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -22.32% | -29.96% | +7.64% |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | -44.35% | +3.79% |
Current DrawdownCurrent decline from peak | -5.76% | 0.00% | -5.76% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -8.37% | +2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 2.32% | +1.22% |
Volatility
CII vs. FFA - Volatility Comparison
BlackRock Enhanced Large Cap Core Fund, Inc. (CII) has a higher volatility of 6.00% compared to First Trust Enhanced Equity Income Fund (FFA) at 2.72%. This indicates that CII's price experiences larger fluctuations and is considered to be riskier than FFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CII | FFA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 2.72% | +3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 13.71% | 10.05% | +3.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.05% | 12.43% | +4.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.42% | 17.36% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.68% | 19.72% | -1.04% |
CII vs. FFA - Expense Ratio Comparison
CII has a 0.93% expense ratio, which is lower than FFA's 1.22% expense ratio.
Dividends
CII vs. FFA - Dividend Comparison
CII's dividend yield for the trailing twelve months is around 15.87%, more than FFA's 6.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CII BlackRock Enhanced Large Cap Core Fund, Inc. | 15.87% | 16.65% | 6.15% | 6.28% | 12.27% | 4.98% | 6.03% | 5.79% | 7.06% | 6.07% | 8.38% | 8.49% |
FFA First Trust Enhanced Equity Income Fund | 6.78% | 6.70% | 6.59% | 6.90% | 7.99% | 5.92% | 6.47% | 6.61% | 8.82% | 6.83% | 7.07% | 7.12% |
Frequently Asked Questions
CII and FFA have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CII has higher volatility (6.00%) compared to FFA (2.72%). In terms of maximum drawdown, CII dropped -56.43% vs FFA's -57.51%.
CII currently has the higher Sharpe Ratio (2.04 vs 1.58), 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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