BAC vs. SPY
Compare and contrast key facts about Bank of America Corporation (BAC) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BAC or SPY.
Performance
BAC vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, BAC achieves a 40.71% return, which is significantly higher than SPY's 26.08% return. Both investments have delivered pretty close results over the past 10 years, with BAC having a 12.79% annualized return and SPY not far ahead at 13.10%.
BAC
40.71%
9.83%
20.11%
61.18%
9.68%
12.79%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| BAC | SPY | |
|---|---|---|
| Sharpe Ratio | 2.59 | 2.70 |
| Sortino Ratio | 3.82 | 3.60 |
| Omega Ratio | 1.46 | 1.50 |
| Calmar Ratio | 1.63 | 3.90 |
| Martin Ratio | 11.14 | 17.52 |
| Ulcer Index | 5.47% | 1.87% |
| Daily Std Dev | 23.53% | 12.14% |
| Max Drawdown | -93.45% | -55.19% |
| Current Drawdown | -0.62% | -0.85% |
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Correlation
The correlation between BAC and SPY is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
BAC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bank of America Corporation (BAC) and 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.
Dividends
BAC vs. SPY - Dividend Comparison
BAC's dividend yield for the trailing twelve months is around 2.11%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAC Bank of America Corporation | 2.11% | 2.73% | 2.60% | 1.75% | 2.38% | 1.87% | 2.19% | 1.32% | 1.13% | 1.19% | 0.67% | 0.26% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BAC vs. SPY - Drawdown Comparison
The maximum BAC drawdown since its inception was -93.45%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BAC and SPY. For additional features, visit the drawdowns tool.
Volatility
BAC vs. SPY - Volatility Comparison
Bank of America Corporation (BAC) has a higher volatility of 9.45% compared to SPDR S&P 500 ETF (SPY) at 3.98%. This indicates that BAC'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.