CII vs PNOV
BlackRock Enhanced Large Cap Core Fund, Inc vs Innovator US Equity Power Buffer ETF - November
Which is better, CII or PNOV?
CII has been ahead.
PNOV has a lower expense ratio. CII led over 1Y, 3Y, 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 | CII | PNOV |
|---|---|---|
| Expense Ratio | 0.93% | 0.79%Best |
| AUM | $1.1B | $838M |
| Dividend Yield | 16.23% | 0.00% |
| Holdings | 142 | 18 |
| YTD Return | +7.51% | +9.87%Best |
| 1Y Return | +19.64%Best | +11.76% |
| 3Y Return (annualized) | +20.21%Best | +11.02% |
| 5Y Return (annualized) | +12.91%Best | +8.54% |
| Volatility (annualized) | 19.4% | 8.6%Best |
| Max Drawdown | -41.3% | -18.5%Best |
| $10,000 over 5 years | $18,351Best | $15,064 |
| Fund Family | BlackRock, Inc. (US) | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Apr 27, 2004 | Oct 31, 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).
CII vs PNOV 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.
CII vs PNOV Performance
BlackRock Enhanced Large Cap Core Fund, Inc (CII) is an ETF from BlackRock, Inc. (US) and Innovator US Equity Power Buffer ETF - November (PNOV) is an ETF from Innovator ETFs Trust. Over the past year CII returned +19.64% while PNOV returned +11.76%. Year to date, CII is up 7.51% versus a gain of 9.87% for PNOV.
Over three years, CII compounded at +20.21% per year against +11.02% for PNOV; over five years the annualized figures are +12.91% and +8.54% respectively. Across the full 7-year window we track, CII has the edge at +13.40% annualized vs +8.77%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CII has been the more volatile fund, with annualized monthly volatility of 19.4% compared with 8.6% for PNOV. 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 -41.3% for CII and -18.5% for PNOV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CII charges 0.93% per year while PNOV charges 0.79%. On a $10,000 position that is $93 vs $79 annually, a gap of $14 per year that compounds over a long holding period. On income, CII currently yields 16.23% against 0.00% for PNOV.
You are not choosing between two funds in isolation.
Whichever of CII and PNOV 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, CII or PNOV?
CII has an expense ratio of 0.93% while PNOV charges 0.79%. PNOV is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, CII or PNOV?
Over the past year CII returned +19.64% vs +11.76% for PNOV, so CII leads on 1-year performance. Over the longest common window we track (7 years), CII annualized +13.40% vs +8.77% for PNOV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CII or PNOV?
CII has been the more volatile fund at 19.4% annualized versus 8.6% for PNOV. Worst drawdown: CII -41.3% vs PNOV -18.5%.
Should I hold both CII and PNOV?
CII and PNOV have a monthly-return correlation of 0.85, 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, CII or PNOV?
CII yields 16.23% while PNOV yields 0.00%, so CII currently pays the higher dividend yield.
Is PNOV better than CII?
PNOV has a lower expense ratio. CII led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.