BDHIX vs. SPY
Compare and contrast key facts about BlackRock Dynamic High Income Portfolio (BDHIX) and SPDR S&P 500 ETF (SPY).
BDHIX is managed by Blackrock. It was launched on Nov 2, 2014. 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: BDHIX or SPY.
Key characteristics
| BDHIX | SPY | |
|---|---|---|
| YTD Return | 4.24% | 9.93% |
| 1Y Return | 14.11% | 28.39% |
| 3Y Return (Ann) | 1.08% | 9.37% |
| 5Y Return (Ann) | 4.20% | 14.68% |
| Sharpe Ratio | 2.24 | 2.46 |
| Daily Std Dev | 6.31% | 11.52% |
| Max Drawdown | -29.14% | -55.19% |
| Current Drawdown | -2.11% | -0.43% |
Correlation
The correlation between BDHIX and SPY 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.
Performance
BDHIX vs. SPY - Performance Comparison
In the year-to-date period, BDHIX achieves a 4.24% return, which is significantly lower than SPY's 9.93% 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. SPY - Expense Ratio Comparison
BDHIX has a 0.65% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BDHIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Dynamic High Income Portfolio (BDHIX) 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
BDHIX vs. SPY - Dividend Comparison
BDHIX's dividend yield for the trailing twelve months is around 6.76%, more than SPY's 1.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDHIX BlackRock Dynamic High Income Portfolio | 6.76% | 6.46% | 5.74% | 6.93% | 5.16% | 5.61% | 7.45% | 6.15% | 6.33% | 7.21% | 0.76% | 0.00% |
SPY SPDR S&P 500 ETF | 1.29% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BDHIX vs. SPY - Drawdown Comparison
The maximum BDHIX drawdown since its inception was -29.14%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BDHIX and SPY. For additional features, visit the drawdowns tool.
Volatility
BDHIX vs. SPY - Volatility Comparison
The current volatility for BlackRock Dynamic High Income Portfolio (BDHIX) is 1.60%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.62%. This indicates that BDHIX 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.