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BALI vs. SPYI
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


BALISPYI
YTD Return25.09%20.40%
1Y Return33.09%25.07%
Sharpe Ratio3.432.83
Sortino Ratio4.563.77
Omega Ratio1.661.61
Calmar Ratio4.493.92
Martin Ratio20.7219.71
Ulcer Index1.68%1.32%
Daily Std Dev10.10%9.16%
Max Drawdown-7.74%-10.19%
Current Drawdown0.00%0.00%

Correlation

-0.50.00.51.00.9

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.

Performance

BALI vs. SPYI - Performance Comparison

In the year-to-date period, BALI achieves a 25.09% return, which is significantly higher than SPYI's 20.40% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
14.15%
12.55%
BALI
SPYI

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BALI vs. SPYI - Expense Ratio Comparison

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


SPYI
NEOS S&P 500 High Income ETF
Expense ratio chart for SPYI: current value at 0.68% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.68%
Expense ratio chart for BALI: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

Risk-Adjusted Performance

BALI vs. SPYI - Risk-Adjusted Performance Comparison

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.


BALI
Sharpe ratio
The chart of Sharpe ratio for BALI, currently valued at 3.43, compared to the broader market-2.000.002.004.006.003.43
Sortino ratio
The chart of Sortino ratio for BALI, currently valued at 4.56, compared to the broader market0.005.0010.004.56
Omega ratio
The chart of Omega ratio for BALI, currently valued at 1.66, compared to the broader market1.001.502.002.503.001.66
Calmar ratio
The chart of Calmar ratio for BALI, currently valued at 4.49, compared to the broader market0.005.0010.0015.004.49
Martin ratio
The chart of Martin ratio for BALI, currently valued at 20.72, compared to the broader market0.0020.0040.0060.0080.00100.0020.72
SPYI
Sharpe ratio
The chart of Sharpe ratio for SPYI, currently valued at 2.83, compared to the broader market-2.000.002.004.006.002.83
Sortino ratio
The chart of Sortino ratio for SPYI, currently valued at 3.77, compared to the broader market0.005.0010.003.77
Omega ratio
The chart of Omega ratio for SPYI, currently valued at 1.61, compared to the broader market1.001.502.002.503.001.61
Calmar ratio
The chart of Calmar ratio for SPYI, currently valued at 3.92, compared to the broader market0.005.0010.0015.003.92
Martin ratio
The chart of Martin ratio for SPYI, currently valued at 19.71, compared to the broader market0.0020.0040.0060.0080.00100.0019.71

BALI vs. SPYI - Sharpe Ratio Comparison

The current BALI Sharpe Ratio is 3.43, which is comparable to the SPYI Sharpe Ratio of 2.83. 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.


Rolling 12-month Sharpe Ratio2.503.003.50Oct 06Oct 13Oct 20Oct 27Nov 03Nov 10
3.43
2.83
BALI
SPYI

Dividends

BALI vs. SPYI - Dividend Comparison

BALI's dividend yield for the trailing twelve months is around 6.67%, less than SPYI's 11.53% yield.


TTM20232022
BALI
Blackrock Advantage Large Cap Income ETF
6.67%2.13%0.00%
SPYI
NEOS S&P 500 High Income ETF
11.53%12.01%4.10%

Drawdowns

BALI vs. SPYI - Drawdown Comparison

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.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
BALI
SPYI

Volatility

BALI vs. SPYI - Volatility Comparison

Blackrock Advantage Large Cap Income ETF (BALI) has a higher volatility of 3.54% 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.


1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
3.54%
2.66%
BALI
SPYI