B vs. SPY

Last updated Jun 4, 2026

B (Barrick Mining Corporation) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, B returned 10.11%/yr vs 15.49%/yr for SPY. At a 0.12 correlation, their price movements are largely independent.

Performance

B vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Barrick Mining Corporation (B) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, B achieves a -2.66% return, which is significantly lower than SPY's 10.91% return. Over the past 10 years, B has underperformed SPY with an annualized return of 10.11%, while SPY has yielded a comparatively higher 15.49% annualized return.

B

• 1D: -3.10%
• 1M: 9.64%
• YTD: -2.66%
• 6M: 4.67%
• 1Y: 113.12%
• 3Y*: 37.34%
• 5Y*: 15.01%
• 10Y*: 10.11%

SPY

• 1D: -0.70%
• 1M: 5.05%
• YTD: 10.91%
• 6M: 10.91%
• 1Y: 27.98%
• 3Y*: 22.35%
• 5Y*: 13.83%
• 10Y*: 15.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

B vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
B Barrick Mining Corporation	-2.66%	186.91%	-12.29%	7.86%	-6.81%	-14.75%	24.60%	38.45%	-5.01%	-8.80%
SPY State Street SPDR S&P 500 ETF	10.91%	17.72%	24.89%	26.18%	-18.18%	28.73%	18.33%	31.22%	-4.57%	21.71%

Correlation

The correlation between B and SPY is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.17
Correlation (All Time) Calculated using the full available price history since Feb 1, 1993	0.12

Over the past year, B and SPY have become more correlated (0.33) than their long-term average of 0.12, meaning their price movements have been converging.

Return for Risk

B vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

B

B Risk / Return Rank: 88
B Sharpe Ratio Rank: 92
B Sortino Ratio Rank: 86
B Omega Ratio Rank: 87
B Calmar Ratio Rank: 87
B Martin Ratio Rank: 86

SPY

SPY Risk / Return Rank: 70
SPY Sharpe Ratio Rank: 71
SPY Sortino Ratio Rank: 69
SPY Omega Ratio Rank: 70
SPY Calmar Ratio Rank: 62
SPY Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

B vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Barrick Mining Corporation (B) and State Street SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	B	SPY	Difference
Sharpe ratio: Return per unit of total volatility	2.59	2.38	+0.21
Sortino ratio: Return per unit of downside risk	2.84	3.24	-0.40
Omega ratio: Gain probability vs. loss probability	1.39	1.43	-0.04
Calmar ratio: Return relative to maximum drawdown	3.88	3.16	+0.72
Martin ratio: Return relative to average drawdown	9.89	14.72	-4.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

B vs. SPY - Sharpe Ratio Comparison

The current B Sharpe Ratio is 2.59, which is comparable to the SPY Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of B and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	B	SPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	2.38	+0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.82	-0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	0.87	-0.59
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.59	-0.40

Drawdowns

B vs. SPY - Drawdown Comparison

The maximum B drawdown since its inception was -88.51%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for B and SPY.

Drawdown Indicators

	B	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-88.51%	-55.19%	-33.32%
Max Drawdown (1Y) Largest decline over 1 year	-29.31%	-8.88%	-20.43%
Max Drawdown (3Y) Largest decline over 3 years	-29.31%	-18.76%	-10.55%
Max Drawdown (5Y) Largest decline over 5 years	-47.96%	-24.50%	-23.46%
Max Drawdown (10Y) Largest decline over 10 years	-57.13%	-33.72%	-23.41%
Current Drawdown Current decline from peak	-19.99%	-0.70%	-19.29%
Average Drawdown Average peak-to-trough decline	-37.29%	-9.05%	-28.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.48%	1.91%	+9.57%

Volatility

B vs. SPY - Volatility Comparison

Barrick Mining Corporation (B) has a higher volatility of 16.36% compared to State Street SPDR S&P 500 ETF (SPY) at 2.84%. This indicates that B's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	B	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.36%	2.84%	+13.52%
Volatility (6M) Calculated over the trailing 6-month period	33.69%	8.90%	+24.79%
Volatility (1Y) Calculated over the trailing 1-year period	44.01%	11.83%	+32.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.96%	17.05%	+18.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.71%	17.94%	+18.77%

Dividends

B vs. SPY - Dividend Comparison

B's dividend yield for the trailing twelve months is around 2.20%, more than SPY's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
B Barrick Mining Corporation	2.20%	1.21%	2.58%	2.21%	3.20%	2.47%	1.82%	0.70%	1.40%	0.83%	0.50%	1.90%
SPY State Street SPDR S&P 500 ETF	0.98%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Frequently Asked Questions

Can I hold both B and SPY in my portfolio?

B and SPY have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, B or SPY?

B has higher volatility (16.36%) compared to SPY (2.84%). In terms of maximum drawdown, B dropped -88.51% vs SPY's -55.19%.

Which has better risk-adjusted returns?

B currently has the higher Sharpe Ratio (2.59 vs 2.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.