RVT vs. CII
RVT (Royce Value Trust Inc.) is a stock, while CII (BlackRock Enhanced Large Cap Core Fund) is Derivative Income fund actively managed by BlackRock. Over the past 10 years, RVT returned 13.17%/yr vs 14.94%/yr for CII. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
RVT vs. CII - Performance Comparison
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Returns By Period
In the year-to-date period, RVT achieves a 15.52% return, which is significantly higher than CII's 7.72% return. Over the past 10 years, RVT has underperformed CII with an annualized return of 13.17%, while CII has yielded a comparatively higher 14.94% annualized return.
RVT
- 1D
- 2.22%
- 1M
- 1.41%
- YTD
- 15.52%
- 6M
- 15.09%
- 1Y
- 33.77%
- 3Y*
- 19.04%
- 5Y*
- 7.50%
- 10Y*
- 13.17%
CII
- 1D
- 0.58%
- 1M
- -1.09%
- YTD
- 7.72%
- 6M
- 10.66%
- 1Y
- 39.37%
- 3Y*
- 20.94%
- 5Y*
- 13.51%
- 10Y*
- 14.94%
RVT vs. CII - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RVT Royce Value Trust Inc. | 15.52% | 11.54% | 17.93% | 18.79% | -26.25% | 32.66% | 18.16% | 35.41% | -20.70% | 30.63% |
CII BlackRock Enhanced Large Cap Core Fund | 7.72% | 37.78% | 12.70% | 18.47% | -13.21% | 34.26% | 8.11% | 30.46% | -8.60% | 27.73% |
Correlation
The correlation between RVT and CII is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since May 26, 2004 | 0.63 |
The correlation between RVT and CII shifts across timeframes, from 0.49 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
RVT vs. CII — Risk / Return Rank
RVT
CII
RVT vs. CII - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce Value Trust Inc. (RVT) and BlackRock Enhanced Large Cap Core Fund (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.
| RVT | CII | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.43 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 3.33 | -0.76 |
| Martin ratioReturn relative to average drawdown | 9.08 | 12.71 | -3.64 |
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Drawdowns
RVT vs. CII - Drawdown Comparison
The maximum RVT drawdown since its inception was -72.34%, which is greater than CII's maximum drawdown of -56.43%. Use the drawdown chart below to compare losses from any high point for RVT and CII.
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Drawdown Indicators
| RVT | CII | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.34% | -56.43% | -15.91% |
Max Drawdown (1Y)Largest decline over 1 year | -12.19% | -11.67% | -0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -23.48% | -21.05% | -2.43% |
Max Drawdown (5Y)Largest decline over 5 years | -32.79% | -22.32% | -10.47% |
Max Drawdown (10Y)Largest decline over 10 years | -47.18% | -40.56% | -6.62% |
Current DrawdownCurrent decline from peak | -2.59% | -6.33% | +3.74% |
Average DrawdownAverage peak-to-trough decline | -11.29% | -6.17% | -5.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 3.05% | +0.41% |
Volatility
RVT vs. CII - Volatility Comparison
Royce Value Trust Inc. (RVT) has a higher volatility of 6.60% compared to BlackRock Enhanced Large Cap Core Fund (CII) at 5.22%. This indicates that RVT's price experiences larger fluctuations and is considered to be riskier 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
| RVT | CII | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.60% | 5.22% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 13.90% | 12.09% | +1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.35% | 15.40% | +2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.50% | 17.16% | +5.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.99% | 18.54% | +4.45% |
Dividends
RVT vs. CII - Dividend Comparison
RVT's dividend yield for the trailing twelve months is around 8.02%, less than CII's 15.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CII BlackRock Enhanced Large Cap Core Fund | 15.35% | 16.65% | 6.15% | 6.28% | 12.27% | 4.98% | 6.03% | 5.79% | 7.06% | 6.07% | 8.38% | 8.49% |
RVT Royce Value Trust Inc. | 8.02% | 8.82% | 8.04% | 7.35% | 9.95% | 8.52% | 6.44% | 7.45% | 10.68% | 7.17% | 7.62% | 10.54% |
Frequently Asked Questions
RVT and CII have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RVT has higher volatility (6.60%) compared to CII (5.22%). In terms of maximum drawdown, RVT dropped -72.34% vs CII's -56.43%.
CII currently has the higher Sharpe Ratio (2.52 vs 1.71), 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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