BDHIX vs. SPLG
Compare and contrast key facts about BlackRock Dynamic High Income Portfolio (BDHIX) and SPDR Portfolio S&P 500 ETF (SPLG).
BDHIX is managed by Blackrock. It was launched on Nov 2, 2014. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BDHIX or SPLG.
Key characteristics
| BDHIX | SPLG | |
|---|---|---|
| YTD Return | 4.48% | 10.48% |
| 1Y Return | 14.24% | 28.65% |
| 3Y Return (Ann) | 1.15% | 9.60% |
| 5Y Return (Ann) | 4.17% | 14.63% |
| Sharpe Ratio | 2.26 | 2.53 |
| Daily Std Dev | 6.30% | 11.51% |
| Max Drawdown | -29.14% | -54.50% |
| Current Drawdown | -1.88% | 0.00% |
Correlation
The correlation between BDHIX and SPLG is 0.83, 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
BDHIX vs. SPLG - Performance Comparison
In the year-to-date period, BDHIX achieves a 4.48% return, which is significantly lower than SPLG's 10.48% 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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BDHIX vs. SPLG - Expense Ratio Comparison
BDHIX has a 0.65% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
BDHIX vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Dynamic High Income Portfolio (BDHIX) and SPDR Portfolio S&P 500 ETF (SPLG). 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
BDHIX vs. SPLG - Dividend Comparison
BDHIX's dividend yield for the trailing twelve months is around 6.74%, more than SPLG's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDHIX BlackRock Dynamic High Income Portfolio | 6.74% | 6.46% | 5.74% | 6.93% | 5.16% | 5.61% | 7.45% | 6.15% | 6.33% | 7.21% | 0.76% | 0.00% |
SPLG SPDR Portfolio S&P 500 ETF | 1.34% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% | 1.71% |
Drawdowns
BDHIX vs. SPLG - Drawdown Comparison
The maximum BDHIX drawdown since its inception was -29.14%, smaller than the maximum SPLG drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for BDHIX and SPLG. For additional features, visit the drawdowns tool.
Volatility
BDHIX vs. SPLG - Volatility Comparison
The current volatility for BlackRock Dynamic High Income Portfolio (BDHIX) is 1.37%, while SPDR Portfolio S&P 500 ETF (SPLG) has a volatility of 3.34%. This indicates that BDHIX experiences smaller price fluctuations and is considered to be less risky than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.