Correlation
The correlation between BDHIX and SPLG is 0.84, 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.
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.
Performance
BDHIX vs. SPLG - Performance Comparison
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Key characteristics
BDHIX:
1.10
SPLG:
0.73
BDHIX:
1.46
SPLG:
1.04
BDHIX:
1.22
SPLG:
1.15
BDHIX:
1.01
SPLG:
0.68
BDHIX:
4.30
SPLG:
2.58
BDHIX:
2.21%
SPLG:
4.93%
BDHIX:
9.28%
SPLG:
19.61%
BDHIX:
-29.13%
SPLG:
-54.52%
BDHIX:
-0.76%
SPLG:
-3.53%
Returns By Period
In the year-to-date period, BDHIX achieves a 2.59% return, which is significantly higher than SPLG's 0.89% return. Over the past 10 years, BDHIX has underperformed SPLG with an annualized return of 4.97%, while SPLG has yielded a comparatively higher 12.72% annualized return.
BDHIX
2.59%
2.37%
-0.01%
10.14%
6.84%
6.62%
4.97%
SPLG
0.89%
6.33%
-1.55%
14.28%
14.31%
15.91%
12.72%
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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 Rank
BDHIX
SPLG
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.
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Dividends
BDHIX vs. SPLG - Dividend Comparison
BDHIX's dividend yield for the trailing twelve months is around 7.68%, more than SPLG's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDHIX BlackRock Dynamic High Income Portfolio | 7.68% | 7.60% | 6.48% | 6.23% | 6.92% | 5.20% | 5.66% | 7.39% | 6.16% | 6.34% | 7.21% | 0.76% |
SPLG SPDR Portfolio S&P 500 ETF | 1.29% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% |
Drawdowns
BDHIX vs. SPLG - Drawdown Comparison
The maximum BDHIX drawdown since its inception was -29.13%, smaller than the maximum SPLG drawdown of -54.52%. Use the drawdown chart below to compare losses from any high point for BDHIX and SPLG.
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Volatility
BDHIX vs. SPLG - Volatility Comparison
The current volatility for BlackRock Dynamic High Income Portfolio (BDHIX) is 2.03%, while SPDR Portfolio S&P 500 ETF (SPLG) has a volatility of 4.80%. 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.
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