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.
Key characteristics
| BDMIX | SPY | |
|---|---|---|
| YTD Return | 20.74% | 26.83% |
| 1Y Return | 24.20% | 34.88% |
| 3Y Return (Ann) | 12.05% | 10.16% |
| 5Y Return (Ann) | 5.87% | 15.71% |
| 10Y Return (Ann) | 3.33% | 13.33% |
| Sharpe Ratio | 3.39 | 3.08 |
| Sortino Ratio | 5.00 | 4.10 |
| Omega Ratio | 1.66 | 1.58 |
| Calmar Ratio | 5.87 | 4.46 |
| Martin Ratio | 21.40 | 20.22 |
| Ulcer Index | 1.12% | 1.85% |
| Daily Std Dev | 7.06% | 12.18% |
| Max Drawdown | -14.89% | -55.19% |
| Current Drawdown | -0.91% | -0.26% |
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
In the year-to-date period, BDMIX achieves a 20.74% return, which is significantly lower than SPY's 26.83% return. Over the past 10 years, BDMIX has underperformed SPY with an annualized return of 3.33%, while SPY has yielded a comparatively higher 13.33% annualized 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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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 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 12.63%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDMIX BlackRock Global Long/Short Equity Fund Class I | 12.63% | 7.42% | 0.00% | 0.00% | 0.00% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.27% |
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
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 3.35%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.77%. 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.