BGRAX vs. FXAIX
Compare and contrast key facts about BlackRock Global Equity Absolute Return Fund (BGRAX) and Fidelity 500 Index Fund (FXAIX).
BGRAX is managed by Blackrock. It was launched on Dec 21, 2021. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BGRAX or FXAIX.
Key characteristics
| BGRAX | FXAIX | |
|---|---|---|
| YTD Return | 5.36% | 9.25% |
| 1Y Return | 12.85% | 27.89% |
| Sharpe Ratio | 1.83 | 2.36 |
| Daily Std Dev | 6.71% | 11.58% |
| Max Drawdown | -15.99% | -33.79% |
| Current Drawdown | 0.00% | -1.18% |
Correlation
The correlation between BGRAX and FXAIX is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BGRAX vs. FXAIX - Performance Comparison
In the year-to-date period, BGRAX achieves a 5.36% return, which is significantly lower than FXAIX's 9.25% 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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BGRAX vs. FXAIX - Expense Ratio Comparison
BGRAX has a 2.20% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
BGRAX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Equity Absolute Return Fund (BGRAX) and Fidelity 500 Index Fund (FXAIX). 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
BGRAX vs. FXAIX - Dividend Comparison
BGRAX's dividend yield for the trailing twelve months is around 1.27%, less than FXAIX's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGRAX BlackRock Global Equity Absolute Return Fund | 1.27% | 1.34% | 10.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.34% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
BGRAX vs. FXAIX - Drawdown Comparison
The maximum BGRAX drawdown since its inception was -15.99%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for BGRAX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
BGRAX vs. FXAIX - Volatility Comparison
The current volatility for BlackRock Global Equity Absolute Return Fund (BGRAX) is 2.20%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 4.08%. This indicates that BGRAX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.