Correlation
The correlation between BALI and PAPI is 0.45, 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.
BALI vs. PAPI
Compare and contrast key facts about Blackrock Advantage Large Cap Income ETF (BALI) and Parametric Equity Premium Income ETF (PAPI).
BALI and PAPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BALI is an actively managed fund by BlackRock. It was launched on Sep 26, 2023. PAPI is an actively managed fund by Morgan Stanley. It was launched on Oct 16, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BALI or PAPI.
Performance
BALI vs. PAPI - Performance Comparison
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Key characteristics
BALI:
0.56
PAPI:
0.15
BALI:
0.78
PAPI:
0.13
BALI:
1.12
PAPI:
1.02
BALI:
0.50
PAPI:
0.02
BALI:
1.85
PAPI:
0.08
BALI:
4.47%
PAPI:
4.26%
BALI:
16.91%
PAPI:
14.00%
BALI:
-16.65%
PAPI:
-14.27%
BALI:
-5.24%
PAPI:
-8.05%
Returns By Period
The year-to-date returns for both investments are quite close, with BALI having a -1.64% return and PAPI slightly higher at -1.62%.
BALI
-1.64%
4.24%
-2.98%
8.97%
N/A
N/A
N/A
PAPI
-1.62%
-0.86%
-7.30%
1.69%
N/A
N/A
N/A
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BALI vs. PAPI - Expense Ratio Comparison
BALI has a 0.35% expense ratio, which is higher than PAPI's 0.29% expense ratio.
Risk-Adjusted Performance
BALI vs. PAPI — Risk-Adjusted Performance Rank
BALI
PAPI
BALI vs. PAPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackrock Advantage Large Cap Income ETF (BALI) and Parametric Equity Premium Income ETF (PAPI). 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.
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Dividends
BALI vs. PAPI - Dividend Comparison
BALI's dividend yield for the trailing twelve months is around 8.67%, more than PAPI's 7.61% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BALI Blackrock Advantage Large Cap Income ETF | 8.67% | 7.13% | 2.13% |
PAPI Parametric Equity Premium Income ETF | 7.61% | 7.07% | 1.45% |
Drawdowns
BALI vs. PAPI - Drawdown Comparison
The maximum BALI drawdown since its inception was -16.65%, which is greater than PAPI's maximum drawdown of -14.27%. Use the drawdown chart below to compare losses from any high point for BALI and PAPI.
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Volatility
BALI vs. PAPI - Volatility Comparison
Blackrock Advantage Large Cap Income ETF (BALI) has a higher volatility of 3.62% compared to Parametric Equity Premium Income ETF (PAPI) at 2.91%. This indicates that BALI's price experiences larger fluctuations and is considered to be riskier than PAPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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