- ISIN
- US0919373912
- CUSIP
- 091937391
- Issuer
- BlackRock
- Inception Date
- Dec 17, 1976
- Category
- Large Cap Blend Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
STSEX Performance Chart
BlackRock Exchange Portfolio (STSEX) is down 3.5% since the beginning of the year. STSEX is currently trading at $2,601 per share. Investors who bought $1,000 worth of STSEX shares 5 years ago would now be looking at an investment worth $1,742.
Loading charts...
Returns By Period
BlackRock Exchange Portfolio (STSEX) has returned -3.48% so far this year and 6.03% over the past 12 months. Over the last ten years, STSEX has had an annualized return of 13.28%, just under the S&P 500 Index benchmark’s 13.88%.
BlackRock Exchange Portfolio
- 1D
- -1.18%
- 1M
- -2.62%
- YTD
- -3.48%
- 6M
- -4.05%
- 1Y
- 6.03%
- 3Y*
- 12.59%
- 5Y*
- 11.74%
- 10Y*
- 13.28%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
STSEX Monthly Returns History
Based on dividend-adjusted daily data since Jan 11, 1980, STSEX's average daily return is +0.05%, while the average monthly return is +0.89%. At this rate, an investment would double in approximately 6.5 years.
Historically, 62% of months were positive and 38% were negative. The best month was Jan 1987 with a return of +13.0%, while the worst month was Oct 1987 at -22.2%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, STSEX closed higher 53% of trading days. The best single day was Aug 31, 1982 with a return of +12.2%, while the worst single day was Oct 22, 1987 at -12.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.96% | 0.92% | -4.14% | 3.42% | 1.48% | -3.04% | -3.48% | ||||||
| 2025 | 2.76% | 1.13% | -1.88% | 0.61% | 5.34% | 3.45% | 1.87% | 2.10% | 1.40% | -0.34% | 1.59% | 0.04% | 19.42% |
| 2024 | 4.28% | 3.84% | 2.82% | -3.41% | 4.38% | 1.62% | 0.76% | 2.60% | 0.44% | -2.60% | 4.63% | -3.83% | 16.06% |
| 2023 | 1.39% | -1.60% | 4.56% | 4.54% | -0.90% | 4.96% | 1.06% | -1.64% | -2.88% | 1.15% | 7.34% | 1.50% | 20.71% |
| 2022 | -1.11% | -0.67% | 3.23% | -4.92% | -0.34% | -7.39% | 5.62% | -4.26% | -8.07% | 9.60% | 7.38% | -2.93% | -5.51% |
| 2021 | -0.01% | 3.46% | 4.28% | 4.74% | 2.08% | 2.43% | 2.48% | 2.85% | -3.93% | 8.16% | -3.75% | 5.27% | 31.09% |
Benchmark Metrics
BlackRock Exchange Portfolio has an annualized alpha of 3.23%, beta of 0.86, and R2 of 0.78 versus S&P 500 Index. Calculated based on daily prices since January 11, 1980.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (95.72%) than losses (86.42%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 3.23% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.86 and R2 of 0.78, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 3.23%
- Beta
- 0.86
- R²
- 0.78
- Upside Capture
- 95.72%
- Downside Capture
- 86.42%
Expense Ratio
STSEX has an expense ratio of 0.81%, placing it in the medium range.
Return for Risk
Risk / Return Rank
STSEX ranks 8 for risk / return — in the bottom 8% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BlackRock Exchange Portfolio (STSEX) and compare them to S&P 500 Index.
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.
| STSEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.37 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 2.78 | -2.09 |
| Martin ratioReturn relative to average drawdown | 2.12 | 12.44 | -10.31 |
Dividends
Dividend History
BlackRock Exchange Portfolio provided a 0.94% dividend yield over the last twelve months, with an annual payout of $24.38 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $24.38 | $24.38 | $21.10 | $21.13 | $20.23 | $17.90 | $18.27 | $17.80 | $17.30 | $17.50 | $18.09 | $16.10 |
Dividend yield | 0.94% | 0.90% | 0.93% | 1.07% | 1.22% | 1.01% | 1.33% | 1.40% | 1.73% | 1.67% | 1.95% | 1.94% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Exchange Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $1.25 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $1.25 | $0.00 | $20.63 | $24.38 |
| 2024 | $0.00 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $1.25 | $0.00 | $17.35 | $21.10 |
| 2023 | $0.00 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $1.25 | $0.00 | $17.38 | $21.13 |
| 2022 | $0.00 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $1.25 | $0.00 | $16.48 | $20.23 |
| 2021 | $0.00 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $1.25 | $0.00 | $14.15 | $17.90 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the BlackRock Exchange Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BlackRock Exchange Portfolio was 49.89%, occurring on Mar 9, 2009. Recovery took 744 trading sessions.
The current BlackRock Exchange Portfolio drawdown is 4.99%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -49.89%Mar 2009 | 1y 4mo | 2y 11mo | 4y 4moOct 2007 - Feb 2012 |
Dot-com crash2000–2002 | -40.73%Jul 2002 | 2y 4mo | 4y 3mo | 6y 7moMar 2000 - Oct 2006 |
Black Monday1987 | -32.69%Dec 1987 | 3mo 10d | 1y 6mo | 1y 9moAug 1987 - Jun 1989 |
COVID crash2020 | -31.28%Mar 2020 | 1mo 11d | 5mo 7d | 6mo 18dFeb 2020 - Aug 2020 |
1982 bear market1982 | -22.89%Jul 1982 | 1y 3mo | 4mo 21d | 1y 7moApr 1981 - Nov 1982 |
Drawdown Indicators
| STSEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.89% | -56.78% | +6.89% |
Max Drawdown (1Y)Largest decline over 1 year | -8.61% | -9.10% | +0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -11.40% | -18.90% | +7.50% |
Max Drawdown (5Y)Largest decline over 5 years | -19.57% | -25.43% | +5.86% |
Max Drawdown (10Y)Largest decline over 10 years | -31.28% | -33.92% | +2.64% |
Current DrawdownCurrent decline from peak | -4.99% | -1.80% | -3.19% |
Average DrawdownAverage peak-to-trough decline | -7.27% | -10.71% | +3.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.03% | +0.79% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with STSEX
Add BlackRock Exchange Portfolio to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with STSEX