BDMIX vs. SPY
Compare and contrast key facts about BlackRock Global Long/Short Equity Fund Class I (BDMIX) and SPDR S&P 500 ETF (SPY).
BDMIX is managed by Blackrock. It was launched on Dec 20, 2012. 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: BDMIX or SPY.
Correlation
The correlation between BDMIX and SPY is 0.10, 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.
Performance
BDMIX vs. SPY - Performance Comparison
Key characteristics
BDMIX:
2.24
SPY:
1.75
BDMIX:
3.32
SPY:
2.36
BDMIX:
1.41
SPY:
1.32
BDMIX:
4.23
SPY:
2.66
BDMIX:
13.13
SPY:
11.01
BDMIX:
1.31%
SPY:
2.03%
BDMIX:
7.68%
SPY:
12.77%
BDMIX:
-14.89%
SPY:
-55.19%
BDMIX:
-3.50%
SPY:
-2.12%
Returns By Period
In the year-to-date period, BDMIX achieves a 0.22% return, which is significantly lower than SPY's 2.36% return. Over the past 10 years, BDMIX has underperformed SPY with an annualized return of 3.35%, while SPY has yielded a comparatively higher 12.97% annualized return.
BDMIX
0.22%
-1.81%
4.44%
15.36%
7.55%
3.35%
SPY
2.36%
-1.61%
7.41%
19.65%
15.00%
12.97%
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BDMIX vs. SPY - Expense Ratio Comparison
BDMIX has a 1.57% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BDMIX vs. SPY — Risk-Adjusted Performance Rank
BDMIX
SPY
BDMIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Long/Short Equity Fund Class I (BDMIX) 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
BDMIX vs. SPY - Dividend Comparison
BDMIX's dividend yield for the trailing twelve months is around 13.23%, more than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDMIX BlackRock Global Long/Short Equity Fund Class I | 13.23% | 13.26% | 7.42% | 0.00% | 0.00% | 0.00% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
BDMIX vs. SPY - Drawdown Comparison
The maximum BDMIX drawdown since its inception was -14.89%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BDMIX and SPY. For additional features, visit the drawdowns tool.
Volatility
BDMIX vs. SPY - Volatility Comparison
The current volatility for BlackRock Global Long/Short Equity Fund Class I (BDMIX) is 2.69%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.38%. This indicates that BDMIX 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.