Correlation
The correlation between BGEEX and SPY is 0.94, 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.
BGEEX vs. SPY
Compare and contrast key facts about BlackRock GA Dynamic Equity Fund (BGEEX) and SPDR S&P 500 ETF (SPY).
BGEEX is managed by Blackrock. It was launched on May 31, 2017. 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: BGEEX or SPY.
Performance
BGEEX vs. SPY - Performance Comparison
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Key characteristics
BGEEX:
0.57
SPY:
0.70
BGEEX:
0.76
SPY:
1.02
BGEEX:
1.11
SPY:
1.15
BGEEX:
0.49
SPY:
0.68
BGEEX:
1.78
SPY:
2.57
BGEEX:
4.66%
SPY:
4.93%
BGEEX:
17.98%
SPY:
20.42%
BGEEX:
-34.83%
SPY:
-55.19%
BGEEX:
-1.59%
SPY:
-3.55%
Returns By Period
In the year-to-date period, BGEEX achieves a 4.14% return, which is significantly higher than SPY's 0.87% return.
BGEEX
4.14%
5.54%
0.60%
9.29%
11.25%
11.07%
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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BGEEX vs. SPY - Expense Ratio Comparison
BGEEX has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BGEEX vs. SPY — Risk-Adjusted Performance Rank
BGEEX
SPY
BGEEX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock GA Dynamic Equity Fund (BGEEX) 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.
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Dividends
BGEEX vs. SPY - Dividend Comparison
BGEEX's dividend yield for the trailing twelve months is around 1.96%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGEEX BlackRock GA Dynamic Equity Fund | 1.96% | 2.04% | 1.00% | 0.72% | 8.75% | 0.88% | 1.62% | 3.18% | 2.71% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
BGEEX vs. SPY - Drawdown Comparison
The maximum BGEEX drawdown since its inception was -34.83%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BGEEX and SPY.
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Volatility
BGEEX vs. SPY - Volatility Comparison
The current volatility for BlackRock GA Dynamic Equity Fund (BGEEX) is 3.70%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that BGEEX 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.
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