CII vs. T

Last updated Jun 9, 2026

CII (BlackRock Enhanced Large Cap Core Fund) is Derivative Income fund actively managed by BlackRock, while T (AT&T Inc.) is a stock. Over the past 10 years, CII returned 14.67%/yr vs 2.86%/yr for T. At a 0.33 correlation, their price movements are largely independent.

Performance

CII vs. T - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Enhanced Large Cap Core Fund (CII) and AT&T Inc. (T). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CII achieves a 6.75% return, which is significantly higher than T's -7.40% return. Over the past 10 years, CII has outperformed T with an annualized return of 14.67%, while T has yielded a comparatively lower 2.86% annualized return.

CII

• 1D: -0.62%
• 1M: -1.63%
• YTD: 6.75%
• 6M: 9.81%
• 1Y: 38.45%
• 3Y*: 20.93%
• 5Y*: 13.50%
• 10Y*: 14.67%

T

• 1D: -1.10%
• 1M: -10.57%
• YTD: -7.40%
• 6M: -7.40%
• 1Y: -16.38%
• 3Y*: 18.39%
• 5Y*: 6.60%
• 10Y*: 2.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CII vs. T - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CII BlackRock Enhanced Large Cap Core Fund	6.75%	37.78%	12.70%	18.47%	-13.21%	34.26%	8.11%	30.46%	-8.60%	27.73%
T AT&T Inc.	-7.40%	13.97%	44.08%	-2.74%	5.76%	-8.09%	-21.37%	45.55%	-22.25%	-4.01%

Correlation

The correlation between CII and T is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since May 27, 2004	0.33

The correlation between CII and T shifts across timeframes, from -0.13 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CII vs. T — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CII

CII Risk / Return Rank: 72
CII Sharpe Ratio Rank: 79
CII Sortino Ratio Rank: 68
CII Omega Ratio Rank: 65
CII Calmar Ratio Rank: 76
CII Martin Ratio Rank: 73

T

T Risk / Return Rank: 11
T Sharpe Ratio Rank: 11
T Sortino Ratio Rank: 12
T Omega Ratio Rank: 13
T Calmar Ratio Rank: 14
T Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CII vs. T - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Enhanced Large Cap Core Fund (CII) and AT&T Inc. (T). 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.

	CII	T	Difference
Sharpe ratio: Return per unit of total volatility	2.51	-0.75	+3.26
Sortino ratio: Return per unit of downside risk	3.32	-0.98	+4.30
Omega ratio: Gain probability vs. loss probability	1.43	0.89	+0.54
Calmar ratio: Return relative to maximum drawdown	3.31	-0.75	+4.06
Martin ratio: Return relative to average drawdown	13.18	-1.59	+14.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CII vs. T - Sharpe Ratio Comparison

The current CII Sharpe Ratio is 2.51, which is higher than the T Sharpe Ratio of -0.75. The chart below compares the historical Sharpe Ratios of CII and T, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CII	T	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.51	-0.75	+3.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.28	+0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.12	+0.67
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.38	+0.15

Drawdowns

CII vs. T - Drawdown Comparison

The maximum CII drawdown since its inception was -56.43%, smaller than the maximum T drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for CII and T.

Drawdown Indicators

	CII	T	Difference
Max Drawdown Largest peak-to-trough decline	-56.43%	-64.15%	+7.72%
Max Drawdown (1Y) Largest decline over 1 year	-11.67%	-21.87%	+10.20%
Max Drawdown (3Y) Largest decline over 3 years	-21.05%	-21.87%	+0.82%
Max Drawdown (5Y) Largest decline over 5 years	-22.32%	-32.01%	+9.69%
Max Drawdown (10Y) Largest decline over 10 years	-40.56%	-42.35%	+1.79%
Current Drawdown Current decline from peak	-7.17%	-21.87%	+14.70%
Average Drawdown Average peak-to-trough decline	-6.17%	-15.72%	+9.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	10.34%	-7.41%

Volatility

CII vs. T - Volatility Comparison

The current volatility for BlackRock Enhanced Large Cap Core Fund (CII) is 5.46%, while AT&T Inc. (T) has a volatility of 7.50%. This indicates that CII experiences smaller price fluctuations and is considered to be less risky than T based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CII	T	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.46%	7.50%	-2.04%
Volatility (6M) Calculated over the trailing 6-month period	12.09%	17.57%	-5.48%
Volatility (1Y) Calculated over the trailing 1-year period	15.42%	21.98%	-6.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.17%	23.97%	-6.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.55%	23.71%	-5.16%

Dividends

CII vs. T - Dividend Comparison

CII's dividend yield for the trailing twelve months is around 16.07%, more than T's 4.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CII BlackRock Enhanced Large Cap Core Fund	16.07%	16.65%	6.15%	6.28%	12.27%	4.98%	6.03%	5.79%	7.06%	6.07%	8.38%	8.49%
T AT&T Inc.	4.93%	4.47%	4.87%	6.62%	6.66%	8.46%	7.23%	5.22%	7.01%	5.04%	4.51%	5.46%

Frequently Asked Questions

Can I hold both CII and T in my portfolio?

CII and T have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CII or T?

T has higher volatility (7.50%) compared to CII (5.46%). In terms of maximum drawdown, CII dropped -56.43% vs T's -64.15%.

Which has better risk-adjusted returns?

CII currently has the higher Sharpe Ratio (2.51 vs -0.75), 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.