BALI vs. SPYI

In the year-to-date period, BALI achieves a 24.43% return, which is significantly higher than SPYI's 20.68% return.

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BALI has a 0.35% expense ratio, which is lower than SPYI's 0.68% expense ratio.

The correlation between BALI and SPYI is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

This table presents a comparison of risk-adjusted performance metrics for Blackrock Advantage Large Cap Income ETF (BALI) and NEOS S&P 500 High Income ETF (SPYI). 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.

The current BALI Sharpe Ratio is 2.85, which is comparable to the SPYI Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of BALI and SPYI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

BALI's dividend yield for the trailing twelve months is around 6.70%, less than SPYI's 11.70% yield.

The maximum BALI drawdown since its inception was -7.74%, smaller than the maximum SPYI drawdown of -10.19%. Use the drawdown chart below to compare losses from any high point for BALI and SPYI. For additional features, visit the drawdowns tool.

Blackrock Advantage Large Cap Income ETF (BALI) has a higher volatility of 3.66% compared to NEOS S&P 500 High Income ETF (SPYI) at 2.66%. This indicates that BALI's price experiences larger fluctuations and is considered to be riskier than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.