CII vs IVV
BlackRock Enhanced Capital and Income Fund, Inc vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. CII delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | CII | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.91% | 0.03% | |
| AUM | $1.1B | $907.0B | |
| Dividend Yield | 16.48% | 1.10% | |
| Holdings | 147 | 508 | |
| YTD Return | +10.84% | +12.96% | |
| 1Y Return | +31.14% | +20.70% | |
| 3Y Return (annualized) | +21.77% | +22.10% | |
| 5Y Return (annualized) | +13.30% | +13.40% | |
| Volatility (annualized) | 17.9% | 15.1% | |
| Max Drawdown | -64.8% | -56.5% | |
| Fund Family | BlackRock, Inc. (US) | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 27, 2004 | May 15, 2000 |
CII vs IVV Performance
BlackRock Enhanced Capital and Income Fund, Inc (CII) is a ETF from BlackRock, Inc. (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CII returned +31.14% while IVV returned +20.70%. Year to date, CII is up 10.84% versus a gain of 12.96% for IVV.
Over three years, CII compounded at +21.77% per year against +22.10% for IVV; over five years the annualized figures are +13.30% and +13.40% respectively. Across the full 22-year window we track, IVV has the edge at +7.01% annualized vs +3.27%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CII has been the more volatile fund, with annualized monthly volatility of 17.9% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -64.8% for CII and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CII charges 0.91% per year while IVV charges 0.03%. On a $10,000 position that is $91 vs $3 annually, a gap of $88 per year that compounds over a long holding period. On income, CII currently yields 16.48% against 1.10% for IVV.
Holdings Overlap
CII and IVV share 30 holdings out of 512 unique holdings combined, representing a 34.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CII or IVV?
CII has an expense ratio of 0.91% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $88 per year of difference.
Which performed better, CII or IVV?
Over the past year CII returned +31.14% vs +20.70% for IVV, so CII leads on 1-year performance. Over the longest common window we track (22 years), CII annualized +3.27% vs +7.01% for IVV. Past performance does not guarantee future results.
Which is riskier, CII or IVV?
CII has been the more volatile fund at 17.9% annualized versus 15.1% for IVV. Worst drawdown: CII -64.8% vs IVV -56.5%.
Should I hold both CII and IVV?
CII and IVV have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CII and IVV?
CII and IVV share 30 common holdings with a 34.7% weight overlap. Combined, they hold 512 unique securities.
Which pays a higher dividend, CII or IVV?
CII yields 16.48% while IVV yields 1.10%, so CII currently pays the higher dividend yield.
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