Correlation
The correlation between BGRAX and XLE 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.
BGRAX vs. XLE
Compare and contrast key facts about BlackRock Global Equity Absolute Return Fund (BGRAX) and Energy Select Sector SPDR Fund (XLE).
BGRAX is managed by Blackrock. It was launched on Dec 21, 2021. XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BGRAX or XLE.
Performance
BGRAX vs. XLE - Performance Comparison
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Key characteristics
BGRAX:
1.08
XLE:
-0.29
BGRAX:
5.37
XLE:
-0.30
BGRAX:
1.68
XLE:
0.96
BGRAX:
4.30
XLE:
-0.44
BGRAX:
8.67
XLE:
-1.11
BGRAX:
2.99%
XLE:
7.90%
BGRAX:
22.59%
XLE:
25.24%
BGRAX:
-15.99%
XLE:
-71.54%
BGRAX:
0.00%
XLE:
-14.82%
Returns By Period
In the year-to-date period, BGRAX achieves a 23.94% return, which is significantly higher than XLE's -4.08% return.
BGRAX
23.94%
21.11%
24.50%
23.67%
14.10%
N/A
N/A
XLE
-4.08%
1.28%
-13.27%
-7.40%
1.39%
20.92%
4.39%
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BGRAX vs. XLE - Expense Ratio Comparison
BGRAX has a 2.20% expense ratio, which is higher than XLE's 0.13% expense ratio.
Risk-Adjusted Performance
BGRAX vs. XLE — Risk-Adjusted Performance Rank
BGRAX
XLE
BGRAX vs. XLE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Equity Absolute Return Fund (BGRAX) and Energy Select Sector SPDR Fund (XLE). 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
BGRAX vs. XLE - Dividend Comparison
BGRAX's dividend yield for the trailing twelve months is around 82.57%, more than XLE's 3.51% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGRAX BlackRock Global Equity Absolute Return Fund | 82.57% | 0.00% | 1.34% | 10.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLE Energy Select Sector SPDR Fund | 3.51% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% |
Drawdowns
BGRAX vs. XLE - Drawdown Comparison
The maximum BGRAX drawdown since its inception was -15.99%, smaller than the maximum XLE drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for BGRAX and XLE.
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Volatility
BGRAX vs. XLE - Volatility Comparison
BlackRock Global Equity Absolute Return Fund (BGRAX) has a higher volatility of 19.15% compared to Energy Select Sector SPDR Fund (XLE) at 5.36%. This indicates that BGRAX's price experiences larger fluctuations and is considered to be riskier than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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