BAICX vs. SPHY
Compare and contrast key facts about BlackRock Multi-Asset Income Portfolio (BAICX) and SPDR Portfolio High Yield Bond ETF (SPHY).
BAICX is managed by Blackrock. It was launched on Apr 7, 2008. SPHY is a passively managed fund by State Street that tracks the performance of the ICE BofAML US High Yield Index. It was launched on Jun 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BAICX or SPHY.
Correlation
The correlation between BAICX and SPHY is 0.48, 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.
Performance
BAICX vs. SPHY - Performance Comparison
Key characteristics
BAICX:
1.43
SPHY:
2.12
BAICX:
2.10
SPHY:
3.08
BAICX:
1.26
SPHY:
1.39
BAICX:
1.81
SPHY:
3.74
BAICX:
6.80
SPHY:
15.58
BAICX:
1.07%
SPHY:
0.55%
BAICX:
5.10%
SPHY:
4.04%
BAICX:
-33.29%
SPHY:
-21.97%
BAICX:
-0.93%
SPHY:
-0.82%
Returns By Period
In the year-to-date period, BAICX achieves a 2.27% return, which is significantly higher than SPHY's 1.39% return. Over the past 10 years, BAICX has underperformed SPHY with an annualized return of 3.83%, while SPHY has yielded a comparatively higher 4.51% annualized return.
BAICX
2.27%
-0.74%
0.64%
7.61%
6.60%
3.83%
SPHY
1.39%
-0.68%
1.60%
8.75%
8.15%
4.51%
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BAICX vs. SPHY - Expense Ratio Comparison
BAICX has a 0.81% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Risk-Adjusted Performance
BAICX vs. SPHY — Risk-Adjusted Performance Rank
BAICX
SPHY
BAICX vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Multi-Asset Income Portfolio (BAICX) and SPDR Portfolio High Yield Bond ETF (SPHY). 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
BAICX vs. SPHY - Dividend Comparison
BAICX's dividend yield for the trailing twelve months is around 5.73%, less than SPHY's 7.74% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAICX BlackRock Multi-Asset Income Portfolio | 5.73% | 5.83% | 5.46% | 4.88% | 3.97% | 4.07% | 4.69% | 5.27% | 4.32% | 4.42% | 5.10% | 5.02% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.74% | 7.80% | 7.30% | 6.47% | 5.14% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% | 3.98% |
Drawdowns
BAICX vs. SPHY - Drawdown Comparison
The maximum BAICX drawdown since its inception was -33.29%, which is greater than SPHY's maximum drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for BAICX and SPHY. For additional features, visit the drawdowns tool.
Volatility
BAICX vs. SPHY - Volatility Comparison
BlackRock Multi-Asset Income Portfolio (BAICX) has a higher volatility of 1.51% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 1.42%. This indicates that BAICX's price experiences larger fluctuations and is considered to be riskier than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.