XCIIX vs. USG
XCIIX (BlackRock Enhanced Capital and Income Fund) and USG (USCF Gold Strategy Plus Income Fund) are both mutual funds - XCIIX is a Derivative Income fund actively managed by BlackRock, while USG is a Gold fund actively managed by USCF. Both are actively managed. Over the past 3 years, XCIIX returned 13.81%/yr vs 25.26%/yr for USG. At a 0.08 correlation, their price movements are largely independent. XCIIX charges 0.90%/yr vs 0.45%/yr for USG.
Performance
XCIIX vs. USG - Performance Comparison
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Returns By Period
In the year-to-date period, XCIIX achieves a 8.53% return, which is significantly higher than USG's -3.37% return.
XCIIX
- 1D
- 1.45%
- 1M
- -0.28%
- YTD
- 8.53%
- 6M
- 8.58%
- 1Y
- 13.42%
- 3Y*
- 13.81%
- 5Y*
- 9.58%
- 10Y*
- 10.24%
USG
- 1D
- -0.69%
- 1M
- -6.85%
- YTD
- -3.37%
- 6M
- -6.24%
- 1Y
- 19.16%
- 3Y*
- 25.26%
- 5Y*
- —
- 10Y*
- —
XCIIX vs. USG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XCIIX BlackRock Enhanced Capital and Income Fund | 8.53% | 10.59% | 14.15% | 20.34% | -11.31% | 2.63% |
USG USCF Gold Strategy Plus Income Fund | -3.37% | 52.02% | 23.70% | 8.49% | 2.12% | 3.50% |
Correlation
The correlation between XCIIX and USG is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2021 | 0.08 |
The correlation between XCIIX and USG shifts across timeframes, from 0.08 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XCIIX vs. USG — Risk / Return Rank
XCIIX
USG
XCIIX vs. USG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Enhanced Capital and Income Fund (XCIIX) and USCF Gold Strategy Plus Income Fund (USG). 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.
| XCIIX | USG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.17 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 0.84 | +0.10 |
| Martin ratioReturn relative to average drawdown | 2.82 | 2.41 | +0.41 |
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Drawdowns
XCIIX vs. USG - Drawdown Comparison
The maximum XCIIX drawdown since its inception was -56.56%, which is greater than USG's maximum drawdown of -22.96%. Use the drawdown chart below to compare losses from any high point for XCIIX and USG.
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Drawdown Indicators
| XCIIX | USG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.56% | -22.96% | -33.60% |
Max Drawdown (1Y)Largest decline over 1 year | -16.02% | -22.96% | +6.94% |
Max Drawdown (3Y)Largest decline over 3 years | -19.50% | -22.96% | +3.46% |
Max Drawdown (5Y)Largest decline over 5 years | -19.50% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.23% | — | — |
Current DrawdownCurrent decline from peak | -1.72% | -21.05% | +19.33% |
Average DrawdownAverage peak-to-trough decline | -18.33% | -4.50% | -13.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.97% | 7.98% | -3.01% |
Volatility
XCIIX vs. USG - Volatility Comparison
The current volatility for BlackRock Enhanced Capital and Income Fund (XCIIX) is 5.10%, while USCF Gold Strategy Plus Income Fund (USG) has a volatility of 7.90%. This indicates that XCIIX experiences smaller price fluctuations and is considered to be less risky than USG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCIIX | USG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 7.90% | -2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 14.57% | 22.78% | -8.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.64% | 24.31% | -7.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.96% | 16.08% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.21% | 16.08% | +1.13% |
XCIIX vs. USG - Expense Ratio Comparison
XCIIX has a 0.90% expense ratio, which is higher than USG's 0.45% expense ratio.
Dividends
XCIIX vs. USG - Dividend Comparison
XCIIX's dividend yield for the trailing twelve months is around 0.57%, less than USG's 28.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USG USCF Gold Strategy Plus Income Fund | 28.84% | 27.33% | 7.48% | 8.16% | 2.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XCIIX BlackRock Enhanced Capital and Income Fund | 0.57% | 4.36% | 5.30% | 6.03% | 11.97% | 4.99% | 5.49% | 2.89% | 0.68% | 0.31% | 0.00% | 0.66% |
Frequently Asked Questions
XCIIX and USG have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USG has higher volatility (7.90%) compared to XCIIX (5.10%). In terms of maximum drawdown, XCIIX dropped -56.56% vs USG's -22.96%.
XCIIX currently has the higher Sharpe Ratio (0.90 vs 0.79), 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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