BOE vs CAPE
BlackRock Enhanced Global Dividend Trust vs DoubleLine Shiller CAPE US Equities ETF
Which is better, BOE or CAPE?
BOE has been ahead.
CAPE has a lower expense ratio. BOE led over 1Y, 3Y and the full window. CAPE is less concentrated, with 29.0% of the fund in its ten largest positions against 35.7%.
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 | BOE | CAPE |
|---|---|---|
| Expense Ratio | 0.90% | 0.65%Best |
| AUM | $737M | $209M |
| Dividend Yield | 7.52% | 1.46% |
| Holdings | 169 | 182 |
| YTD Return | +4.82%Best | +0.19% |
| 1Y Return | +9.32%Best | +0.83% |
| 3Y Return (annualized) | +16.03%Best | +11.60% |
| 5Y Return (annualized) | +7.46% | - |
| Volatility (annualized) | 14.9%Best | 16.7% |
| Max Drawdown | -20.3%Best | -22.1% |
| $10,000 over 4.5 years | $14,658Best | $13,406 |
| Top 10 Weight | 35.7% | 29.0%Best |
| Fund Family | BlackRock, Inc. (US) | DoubleLine Funds |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | May 26, 2005 | Mar 31, 2022 |
Volatility and max drawdown, and the $10,000 over 4.5 years row, are measured over the window both funds cover: Apr 5, 2022 to Oct 14, 2026 (4.5 years).
BOE vs CAPE 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 4.5 years both funds cover.
BOE vs CAPE Performance
BlackRock Enhanced Global Dividend Trust (BOE) is an ETF from BlackRock, Inc. (US) and DoubleLine Shiller CAPE US Equities ETF (CAPE) is an ETF from DoubleLine Funds. Over the past year BOE returned +9.32% while CAPE returned +0.83%. Year to date, BOE is up 4.82% versus a gain of 0.19% for CAPE.
Over three years, BOE compounded at +16.03% per year against +11.60% for CAPE.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CAPE has been the more volatile fund, with annualized monthly volatility of 16.7% compared with 14.9% for BOE. 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 -20.3% for BOE and -22.1% for CAPE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BOE charges 0.90% per year while CAPE charges 0.65%. On a $10,000 position that is $90 vs $65 annually, a gap of $25 per year that compounds over a long holding period. On income, BOE currently yields 7.52% against 1.46% for CAPE.
Holdings Overlap
7.3% of BOE's money is in holdings CAPE also owns. 5.3% of CAPE's money is in holdings BOE also owns.
BOE and CAPE share little of their money.
The two holdings books were reported 62 days apart, BOE as of Jun 30, 2026 and CAPE as of Aug 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
4 positions in common, counted across the 51 positions we hold weights for in BOE and 170 in CAPE, against full books of 169 and 182.
What only one of them owns
Our book lists 161 positions for CAPE that do not appear in our book for BOE (89.9% of the fund), and 23 for BOE that do not appear in CAPE (49.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of BOE and CAPE 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, BOE or CAPE?
BOE has an expense ratio of 0.90% while CAPE charges 0.65%. CAPE is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, BOE or CAPE?
Over the past year BOE returned +9.32% vs +0.83% for CAPE, so BOE leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BOE or CAPE?
CAPE has been the more volatile fund at 16.7% annualized versus 14.9% for BOE. Worst drawdown: BOE -20.3% vs CAPE -22.1%.
Should I hold both BOE and CAPE?
BOE and CAPE have a monthly-return correlation of 0.87, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BOE and CAPE?
7.3% of BOE's money is in holdings CAPE also owns. 5.3% of CAPE's is in holdings BOE also owns. They hold 4 positions in common, counted across the 51 positions we hold weights for in BOE and 170 in CAPE.
Which pays a higher dividend, BOE or CAPE?
BOE yields 7.52% while CAPE yields 1.46%, so BOE currently pays the higher dividend yield.
Is CAPE better than BOE?
CAPE has a lower expense ratio. BOE led over 1Y, 3Y and the full window. CAPE is less concentrated, with 29.0% of the fund in its ten largest positions against 35.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.