BBDC vs. SPY
Compare and contrast key facts about Barings BDC, Inc. (BBDC) 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: BBDC or SPY.
Performance
BBDC vs. SPY - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with BBDC having a 25.50% return and SPY slightly lower at 24.40%. Over the past 10 years, BBDC has underperformed SPY with an annualized return of 2.41%, while SPY has yielded a comparatively higher 13.04% annualized return.
BBDC
25.50%
2.16%
6.53%
24.02%
8.99%
2.41%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| BBDC | SPY | |
|---|---|---|
| Sharpe Ratio | 1.39 | 2.64 |
| Sortino Ratio | 2.05 | 3.53 |
| Omega Ratio | 1.26 | 1.49 |
| Calmar Ratio | 1.27 | 3.81 |
| Martin Ratio | 9.04 | 17.21 |
| Ulcer Index | 2.69% | 1.86% |
| Daily Std Dev | 17.44% | 12.15% |
| Max Drawdown | -64.64% | -55.19% |
| Current Drawdown | -0.10% | -2.17% |
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Correlation
The correlation between BBDC and SPY is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
BBDC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Barings BDC, Inc. (BBDC) 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
BBDC vs. SPY - Dividend Comparison
BBDC's dividend yield for the trailing twelve months is around 10.45%, more than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBDC Barings BDC, Inc. | 10.45% | 11.89% | 11.66% | 7.44% | 7.07% | 5.25% | 24.57% | 17.39% | 10.31% | 12.35% | 12.62% | 7.81% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BBDC vs. SPY - Drawdown Comparison
The maximum BBDC drawdown since its inception was -64.64%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BBDC and SPY. For additional features, visit the drawdowns tool.
Volatility
BBDC vs. SPY - Volatility Comparison
Barings BDC, Inc. (BBDC) has a higher volatility of 5.52% compared to SPDR S&P 500 ETF (SPY) at 4.08%. This indicates that BBDC'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.