CII vs. VTIP

Last updated Aug 1, 2026

CII (BlackRock Enhanced Large Cap Core Fund, Inc.) is a stock, while VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) is Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. CII is actively managed, while VTIP is passively managed. Over the past 10 years, CII returned 14.58%/yr vs 3.10%/yr for VTIP. Their 0.08 correlation means their historical movements had little consistent relationship. CII charges 0.93%/yr vs 0.03%/yr for VTIP.

Performance

CII vs. VTIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Enhanced Large Cap Core Fund, Inc. (CII) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CII achieves a 7.56% return, which is significantly higher than VTIP's 1.83% return. Over the past 10 years, CII has outperformed VTIP with an annualized return of 14.58%, while VTIP has yielded a comparatively lower 3.10% annualized return.

CII

• 1D: 0.79%
• 1M: -5.53%
• 6M: 7.51%
• YTD: 7.56%
• 1Y: 32.42%
• 3Y*: 19.46%
• 5Y*: 12.85%
• 10Y*: 14.58%
• ALL TIME*: 10.56%

VTIP

• 1D: 0.00%
• 1M: 0.16%
• 6M: 1.28%
• YTD: 1.83%
• 1Y: 3.09%
• 3Y*: 5.11%
• 5Y*: 3.06%
• 10Y*: 3.10%
• ALL TIME*: 2.21%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CII BlackRock Enhanced Large Cap Core Fund, Inc.	$2.66M	$2.21M	$1.88M
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	$104.26M	$116.98M	$124.63M

CII vs. VTIP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CII BlackRock Enhanced Large Cap Core Fund, Inc.	7.56%	37.78%	12.70%	18.47%	-13.21%	34.26%	8.11%	30.46%	-8.60%	27.73%
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	1.83%	6.07%	4.74%	4.62%	-2.94%	5.36%	4.95%	4.86%	0.56%	0.82%

Correlation

The correlation between CII and VTIP is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.05
Correlation (3Y) Balances recent behavior with more history.	0.05
Correlation (5Y) Shows whether the relationship held over a longer period.	0.13
Correlation (10Y) Provides a long-term view across more market conditions.	0.09
Correlation (All Time) Calculated using the full available price history since Oct 16, 2012	0.08

Return for Risk

CII vs. VTIP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CII

CII Risk / Return Rank: 76
CII Sharpe Ratio Rank: 79
CII Sortino Ratio Rank: 75
CII Omega Ratio Rank: 72
CII Calmar Ratio Rank: 81
CII Martin Ratio Rank: 74

VTIP

VTIP Risk / Return Rank: 92
VTIP Sharpe Ratio Rank: 90
VTIP Sortino Ratio Rank: 93
VTIP Omega Ratio Rank: 92
VTIP Calmar Ratio Rank: 94
VTIP Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CII vs. VTIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Enhanced Large Cap Core Fund, Inc. (CII) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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	VTIP	Difference
Sharpe ratio: Return per unit of total volatility	1.82	2.25	-0.43
Sortino ratio: Return per unit of downside risk	2.46	3.57	-1.11
Omega ratio: Gain probability vs. loss probability	1.31	1.46	-0.15
Calmar ratio: Return relative to maximum drawdown	2.65	4.93	-2.28
Martin ratio: Return relative to average drawdown	8.75	15.25	-6.49

CII vs. VTIP - Sharpe Ratio Comparison

The current CII Sharpe Ratio is 1.82, which is comparable to the VTIP Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of CII and VTIP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CII vs. VTIP - Drawdown Comparison

The maximum CII drawdown since its inception was -56.43%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for CII and VTIP.

Drawdown Indicators

	CII	VTIP	Difference
Max Drawdown Largest peak-to-trough decline	-56.43%	-6.27%	-50.16%
Max Drawdown (1Y) Largest decline over 1 year	-11.67%	-0.71%	-10.96%
Max Drawdown (3Y) Largest decline over 3 years	-21.05%	-0.98%	-20.07%
Max Drawdown (5Y) Largest decline over 5 years	-22.32%	-5.50%	-16.82%
Max Drawdown (10Y) Largest decline over 10 years	-40.56%	-6.27%	-34.29%
Current Drawdown Current decline from peak	-7.30%	-0.23%	-7.07%
Average Drawdown Average peak-to-trough decline	-6.16%	-1.03%	-5.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	0.23%	+3.30%

Volatility

CII vs. VTIP - Volatility Comparison

BlackRock Enhanced Large Cap Core Fund, Inc. (CII) has a higher volatility of 5.68% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.41%. This indicates that CII's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CII	VTIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.68%	0.41%	+5.27%
Volatility (6M) Calculated over the trailing 6-month period	13.61%	1.22%	+12.39%
Volatility (1Y) Calculated over the trailing 1-year period	17.03%	1.57%	+15.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.40%	2.76%	+14.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.67%	2.74%	+15.93%

CII vs. VTIP - Expense Ratio Comparison

CII has a 0.93% expense ratio, which is higher than VTIP's 0.03% expense ratio.

Dividends

CII vs. VTIP - Dividend Comparison

CII's dividend yield for the trailing twelve months is around 16.13%, more than VTIP's 4.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CII BlackRock Enhanced Large Cap Core Fund, Inc.	16.13%	16.65%	6.15%	6.28%	12.27%	4.98%	6.03%	5.79%	7.06%	6.07%	8.38%	8.49%
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	4.15%	3.81%	2.70%	2.86%	6.84%	4.68%	1.20%	1.95%	2.45%	1.52%	0.76%	0.00%

Frequently Asked Questions

Can I hold both CII and VTIP in my portfolio?

CII and VTIP have a correlation of 0.05, 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 VTIP?

CII has higher volatility (5.68%) compared to VTIP (0.41%). In terms of maximum drawdown, CII dropped -56.43% vs VTIP's -6.27%.

Which has better risk-adjusted returns?

VTIP currently has the higher Sharpe Ratio (2.25 vs 1.82), 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.