BCAT vs. SPY
Compare and contrast key facts about BlackRock Capital Allocation Trust (BCAT) 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: BCAT or SPY.
Key characteristics
| BCAT | SPY | |
|---|---|---|
| YTD Return | 23.89% | 26.77% |
| 1Y Return | 28.63% | 37.43% |
| 3Y Return (Ann) | 3.93% | 10.15% |
| Sharpe Ratio | 2.08 | 3.06 |
| Sortino Ratio | 3.03 | 4.08 |
| Omega Ratio | 1.38 | 1.58 |
| Calmar Ratio | 1.25 | 4.44 |
| Martin Ratio | 11.92 | 20.11 |
| Ulcer Index | 2.40% | 1.85% |
| Daily Std Dev | 13.76% | 12.18% |
| Max Drawdown | -36.13% | -55.19% |
| Current Drawdown | -0.92% | -0.31% |
Correlation
The correlation between BCAT and SPY is 0.58, 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
BCAT vs. SPY - Performance Comparison
In the year-to-date period, BCAT achieves a 23.89% return, which is significantly lower than SPY's 26.77% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BCAT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Capital Allocation Trust (BCAT) 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
BCAT vs. SPY - Dividend Comparison
BCAT's dividend yield for the trailing twelve months is around 14.30%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCAT BlackRock Capital Allocation Trust | 14.30% | 10.11% | 9.00% | 6.42% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BCAT vs. SPY - Drawdown Comparison
The maximum BCAT drawdown since its inception was -36.13%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BCAT and SPY. For additional features, visit the drawdowns tool.
Volatility
BCAT vs. SPY - Volatility Comparison
The current volatility for BlackRock Capital Allocation Trust (BCAT) is 3.52%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.88%. This indicates that BCAT experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.