BGSAX vs. SPY
Compare and contrast key facts about BlackRock Technology Opportunities Fund Investor A (BGSAX) and State Street SPDR S&P 500 ETF (SPY).
BGSAX is managed by BlackRock. It was launched on Apr 15, 2000. 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.
Performance
BGSAX vs. SPY - Performance Comparison
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BGSAX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGSAX BlackRock Technology Opportunities Fund Investor A | -6.28% | 19.63% | 40.56% | 49.09% | -43.13% | 8.19% | 86.27% | 43.84% | 2.03% | 49.45% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, BGSAX achieves a -6.28% return, which is significantly lower than SPY's -3.65% return. Over the past 10 years, BGSAX has outperformed SPY with an annualized return of 20.75%, while SPY has yielded a comparatively lower 14.06% annualized return.
BGSAX
- 1D
- 4.78%
- 1M
- -7.25%
- YTD
- -6.28%
- 6M
- -7.98%
- 1Y
- 27.41%
- 3Y*
- 25.12%
- 5Y*
- 7.65%
- 10Y*
- 20.75%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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BGSAX vs. SPY - Expense Ratio Comparison
BGSAX has a 1.20% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
BGSAX vs. SPY — Risk / Return Rank
BGSAX
SPY
BGSAX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Technology Opportunities Fund Investor A (BGSAX) and State Street 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.
| BGSAX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.96 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.56 | 1.49 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 1.53 | -0.19 |
Martin ratioReturn relative to average drawdown | 4.07 | 7.27 | -3.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BGSAX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.96 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.70 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.79 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.56 | -0.18 |
Correlation
The correlation between BGSAX and SPY is 0.83, 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.
Dividends
BGSAX vs. SPY - Dividend Comparison
BGSAX's dividend yield for the trailing twelve months is around 14.46%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGSAX BlackRock Technology Opportunities Fund Investor A | 14.46% | 13.55% | 8.68% | 0.00% | 0.00% | 7.66% | 4.86% | 1.50% | 1.24% | 8.01% | 1.17% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
BGSAX vs. SPY - Drawdown Comparison
The maximum BGSAX drawdown since its inception was -73.75%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BGSAX and SPY.
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Drawdown Indicators
| BGSAX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.75% | -55.19% | -18.56% |
Max Drawdown (1Y)Largest decline over 1 year | -18.49% | -12.05% | -6.44% |
Max Drawdown (5Y)Largest decline over 5 years | -49.22% | -24.50% | -24.72% |
Max Drawdown (10Y)Largest decline over 10 years | -49.22% | -33.72% | -15.50% |
Current DrawdownCurrent decline from peak | -14.59% | -5.53% | -9.06% |
Average DrawdownAverage peak-to-trough decline | -26.53% | -9.09% | -17.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.12% | 2.54% | +3.58% |
Volatility
BGSAX vs. SPY - Volatility Comparison
BlackRock Technology Opportunities Fund Investor A (BGSAX) has a higher volatility of 10.93% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that BGSAX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGSAX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.93% | 5.35% | +5.58% |
Volatility (6M)Calculated over the trailing 6-month period | 19.27% | 9.50% | +9.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.44% | 19.06% | +9.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.43% | 17.06% | +10.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.60% | 17.92% | +7.68% |