BDJ vs BNOV
Blackrock Enhanced Equity Dividend Trust vs Innovator US Equity Buffer ETF - November
Which is better, BDJ or BNOV?
Each has led over a different period.
BNOV has a lower expense ratio. BDJ led over 1Y and 3Y, BNOV over 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BDJ | BNOV |
|---|---|---|
| Expense Ratio | 0.84% | 0.79%Best |
| AUM | $1.9B | $201M |
| Dividend Yield | 8.33% | 0.00% |
| Holdings | 307 | 18 |
| YTD Return | +7.80% | +11.13%Best |
| 1Y Return | +14.27%Best | +13.58% |
| 3Y Return (annualized) | +18.01%Best | +13.95% |
| 5Y Return (annualized) | +8.68% | +8.95%Best |
| Volatility (annualized) | 19.8% | 11.5%Best |
| Max Drawdown | -49.1% | -24.7%Best |
| $10,000 over 5 years | $15,162 | $15,351Best |
| Fund Family | BlackRock, Inc. (US) | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Aug 26, 2005 | Nov 1, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 1, 2019 to Oct 14, 2026 (7 years).
BDJ vs BNOV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 7 years both funds cover.
BDJ vs BNOV Performance
Blackrock Enhanced Equity Dividend Trust (BDJ) is an ETF from BlackRock, Inc. (US) and Innovator US Equity Buffer ETF - November (BNOV) is an ETF from Innovator ETFs Trust. Over the past year BDJ returned +14.27% while BNOV returned +13.58%. Year to date, BDJ is up 7.80% versus a gain of 11.13% for BNOV.
Over three years, BDJ compounded at +18.01% per year against +13.95% for BNOV; over five years the annualized figures are +8.68% and +8.95% respectively. Across the full 7-year window we track, BNOV has the edge at +9.86% annualized vs +8.04%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BDJ has been the more volatile fund, with annualized monthly volatility of 19.8% compared with 11.5% for BNOV. 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 -49.1% for BDJ and -24.7% for BNOV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BDJ charges 0.84% per year while BNOV charges 0.79%. On a $10,000 position that is $84 vs $79 annually, a gap of $5 per year that compounds over a long holding period. On income, BDJ currently yields 8.33% against 0.00% for BNOV.
You are not choosing between two funds in isolation.
Whichever of BDJ and BNOV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BDJ or BNOV?
BDJ has an expense ratio of 0.84% while BNOV charges 0.79%. BNOV is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, BDJ or BNOV?
Over the past year BDJ returned +14.27% vs +13.58% for BNOV, so BDJ leads on 1-year performance. Over the longest common window we track (7 years), BDJ annualized +8.04% vs +9.86% for BNOV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BDJ or BNOV?
BDJ has been the more volatile fund at 19.8% annualized versus 11.5% for BNOV. Worst drawdown: BDJ -49.1% vs BNOV -24.7%.
Should I hold both BDJ and BNOV?
BDJ and BNOV have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BDJ or BNOV?
BDJ yields 8.33% while BNOV yields 0.00%, so BDJ currently pays the higher dividend yield.
Is BNOV better than BDJ?
BNOV has a lower expense ratio. BDJ led over 1Y and 3Y, BNOV over 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.