MALMX vs. CII
MALMX (BlackRock Short-Term Municipal Fund) is Municipal Bonds fund managed by BlackRock, while CII (BlackRock Enhanced Large Cap Core Fund, Inc.) is a stock. Over the past 10 years, MALMX returned 1.67%/yr vs 14.58%/yr for CII. Their 0.03 correlation means their historical movements had little consistent relationship. MALMX charges 0.36%/yr vs 0.93%/yr for CII.
Performance
MALMX vs. CII - Performance Comparison
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Returns By Period
In the year-to-date period, MALMX achieves a 0.49% return, which is significantly lower than CII's 7.56% return. Over the past 10 years, MALMX has underperformed CII with an annualized return of 1.67%, while CII has yielded a comparatively higher 14.58% annualized return.
MALMX
- 1D
- -0.10%
- 1M
- -0.90%
- 6M
- -0.29%
- YTD
- 0.49%
- 1Y
- 2.71%
- 3Y*
- 4.21%
- 5Y*
- 2.21%
- 10Y*
- 1.67%
- ALL TIME*
- 2.09%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.66M | $2.21M | $1.88M | |
| $0.00 | $0.00 | $0.00 |
MALMX vs. CII - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MALMX BlackRock Short-Term Municipal Fund | 0.49% | 6.38% | 3.58% | 4.21% | -2.88% | -0.11% | 1.39% | 2.58% | 1.45% | 0.86% |
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% |
Correlation
The correlation between MALMX and CII is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.07 |
Correlation (All Time) Calculated using the full available price history since May 26, 2004 | 0.03 |
The correlation between MALMX and CII shifts across timeframes, from 0.03 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MALMX vs. CII — Risk / Return Rank
MALMX
CII
MALMX vs. CII - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Short-Term Municipal Fund (MALMX) and BlackRock Enhanced Large Cap Core Fund, Inc. (CII). 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.
| MALMX | CII | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.31 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.65 | -0.88 |
| Martin ratioReturn relative to average drawdown | 5.46 | 8.75 | -3.30 |
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Drawdowns
MALMX vs. CII - Drawdown Comparison
The maximum MALMX drawdown since its inception was -5.01%, smaller than the maximum CII drawdown of -56.43%. Use the drawdown chart below to compare losses from any high point for MALMX and CII.
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Drawdown Indicators
| MALMX | CII | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.01% | -56.43% | +51.42% |
Max Drawdown (1Y)Largest decline over 1 year | -1.88% | -11.67% | +9.79% |
Max Drawdown (3Y)Largest decline over 3 years | -2.32% | -21.05% | +18.73% |
Max Drawdown (5Y)Largest decline over 5 years | -5.01% | -22.32% | +17.31% |
Max Drawdown (10Y)Largest decline over 10 years | -5.01% | -40.56% | +35.55% |
Current DrawdownCurrent decline from peak | -0.96% | -7.30% | +6.34% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -6.16% | +5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 3.53% | -2.92% |
Volatility
MALMX vs. CII - Volatility Comparison
The current volatility for BlackRock Short-Term Municipal Fund (MALMX) is 0.54%, while BlackRock Enhanced Large Cap Core Fund, Inc. (CII) has a volatility of 5.68%. This indicates that MALMX experiences smaller price fluctuations and is considered to be less risky than CII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MALMX | CII | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | 5.68% | -5.14% |
Volatility (6M)Calculated over the trailing 6-month period | 1.38% | 13.61% | -12.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.79% | 17.03% | -15.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.02% | 17.40% | -15.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.60% | 18.67% | -17.07% |
MALMX vs. CII - Expense Ratio Comparison
MALMX has a 0.36% expense ratio, which is lower than CII's 0.93% expense ratio.
Dividends
MALMX vs. CII - Dividend Comparison
MALMX's dividend yield for the trailing twelve months is around 3.20%, less than CII's 16.13% 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% |
MALMX BlackRock Short-Term Municipal Fund | 3.20% | 4.62% | 3.93% | 2.56% | 0.90% | 0.58% | 1.08% | 1.75% | 1.34% | 0.86% | 0.54% | 0.41% |
Frequently Asked Questions
MALMX and CII have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CII has higher volatility (5.68%) compared to MALMX (0.54%). In terms of maximum drawdown, MALMX dropped -5.01% vs CII's -56.43%.
MALMX currently has the higher Sharpe Ratio (1.87 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.
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