MAIIX vs. BDJ
MAIIX (iShares MSCI EAFE International Index Fund) and BDJ (BlackRock Enhanced Equity Dividend Fund) are both mutual funds - MAIIX is a Foreign Large Cap Equities fund managed by BlackRock, while BDJ is a Derivative Income fund managed by BlackRock. Over the past 10 years, MAIIX returned 10.21%/yr vs 10.51%/yr for BDJ. A 0.60 correlation means they provide meaningful diversification when combined. MAIIX charges 0.09%/yr vs 0.86%/yr for BDJ.
Performance
MAIIX vs. BDJ - Performance Comparison
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Returns By Period
In the year-to-date period, MAIIX achieves a 10.90% return, which is significantly higher than BDJ's 1.80% return. Both investments have delivered pretty close results over the past 10 years, with MAIIX having a 10.21% annualized return and BDJ not far ahead at 10.51%.
MAIIX
- 1D
- 0.19%
- 1M
- 2.19%
- YTD
- 10.90%
- 6M
- 10.39%
- 1Y
- 24.71%
- 3Y*
- 17.68%
- 5Y*
- 9.38%
- 10Y*
- 10.21%
BDJ
- 1D
- -0.43%
- 1M
- 1.65%
- YTD
- 1.80%
- 6M
- 3.32%
- 1Y
- 18.77%
- 3Y*
- 14.29%
- 5Y*
- 7.74%
- 10Y*
- 10.51%
MAIIX vs. BDJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAIIX iShares MSCI EAFE International Index Fund | 10.90% | 31.62% | 3.65% | 18.35% | -14.15% | 11.25% | 8.03% | 21.82% | -13.43% | 25.24% |
BDJ BlackRock Enhanced Equity Dividend Fund | 1.80% | 26.12% | 16.87% | -6.67% | 0.83% | 26.56% | -7.58% | 37.43% | -10.42% | 20.78% |
Correlation
The correlation between MAIIX and BDJ is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2005 | 0.60 |
The correlation between MAIIX and BDJ has been stable across timeframes, ranging from 0.60 to 0.64 - a consistent structural relationship.
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Return for Risk
MAIIX vs. BDJ — Risk / Return Rank
MAIIX
BDJ
MAIIX vs. BDJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE International Index Fund (MAIIX) and BlackRock Enhanced Equity Dividend Fund (BDJ). 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.
| MAIIX | BDJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.27 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 1.54 | +0.74 |
| Martin ratioReturn relative to average drawdown | 8.51 | 5.59 | +2.92 |
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Drawdowns
MAIIX vs. BDJ - Drawdown Comparison
The maximum MAIIX drawdown since its inception was -61.05%, roughly equal to the maximum BDJ drawdown of -59.46%. Use the drawdown chart below to compare losses from any high point for MAIIX and BDJ.
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Drawdown Indicators
| MAIIX | BDJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.05% | -59.46% | -1.59% |
Max Drawdown (1Y)Largest decline over 1 year | -11.31% | -12.28% | +0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -13.68% | -15.70% | +2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -29.31% | -21.39% | -7.92% |
Max Drawdown (10Y)Largest decline over 10 years | -34.01% | -48.14% | +14.13% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -15.31% | -8.94% | -6.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 3.37% | -0.35% |
Volatility
MAIIX vs. BDJ - Volatility Comparison
iShares MSCI EAFE International Index Fund (MAIIX) has a higher volatility of 4.80% compared to BlackRock Enhanced Equity Dividend Fund (BDJ) at 3.45%. This indicates that MAIIX's price experiences larger fluctuations and is considered to be riskier than BDJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAIIX | BDJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 3.45% | +1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 12.89% | 9.49% | +3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.53% | 12.18% | +3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.22% | 16.11% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 18.41% | -1.78% |
MAIIX vs. BDJ - Expense Ratio Comparison
MAIIX has a 0.09% expense ratio, which is lower than BDJ's 0.86% expense ratio.
Dividends
MAIIX vs. BDJ - Dividend Comparison
MAIIX's dividend yield for the trailing twelve months is around 3.34%, less than BDJ's 9.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDJ BlackRock Enhanced Equity Dividend Fund | 9.23% | 9.03% | 8.21% | 9.49% | 12.18% | 5.95% | 7.08% | 6.66% | 7.21% | 6.07% | 6.88% | 7.36% |
MAIIX iShares MSCI EAFE International Index Fund | 3.34% | 3.71% | 3.38% | 3.16% | 2.76% | 3.00% | 1.94% | 3.29% | 4.53% | 2.42% | 2.81% | 2.40% |
Frequently Asked Questions
MAIIX and BDJ have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAIIX has higher volatility (4.80%) compared to BDJ (3.45%). In terms of maximum drawdown, MAIIX dropped -61.05% vs BDJ's -59.46%.
MAIIX currently has the higher Sharpe Ratio (1.66 vs 1.55), 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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