BIGPX vs. ^GSPC

Last updated Apr 3, 2026

Compare and contrast key facts about BlackRock 60/40 Target Allocation Fund Class I (BIGPX) and S&P 500 Index (^GSPC).

BIGPX is managed by BlackRock. It was launched on Dec 21, 2006.

Performance

BIGPX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock 60/40 Target Allocation Fund Class I (BIGPX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

BIGPX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BIGPX BlackRock 60/40 Target Allocation Fund Class I	-0.93%	16.08%	2.52%	15.92%	-15.80%	7.38%	21.62%	21.03%	-3.65%	14.68%
^GSPC S&P 500 Index	-3.84%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, BIGPX achieves a -0.93% return, which is significantly higher than ^GSPC's -3.84% return. Over the past 10 years, BIGPX has underperformed ^GSPC with an annualized return of 7.78%, while ^GSPC has yielded a comparatively higher 12.29% annualized return.

BIGPX

• 1D: 0.82%
• 1M: -2.37%
• YTD: -0.93%
• 6M: 0.75%
• 1Y: 15.00%
• 3Y*: 9.40%
• 5Y*: 4.35%
• 10Y*: 7.78%

^GSPC

• 1D: 0.11%
• 1M: -3.43%
• YTD: -3.84%
• 6M: -1.98%
• 1Y: 16.08%
• 3Y*: 16.86%
• 5Y*: 10.37%
• 10Y*: 12.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BIGPX vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BIGPX

BIGPX Risk / Return Rank: 70
BIGPX Sharpe Ratio Rank: 66
BIGPX Sortino Ratio Rank: 69
BIGPX Omega Ratio Rank: 66
BIGPX Calmar Ratio Rank: 73
BIGPX Martin Ratio Rank: 75

^GSPC

^GSPC Risk / Return Rank: 58
^GSPC Sharpe Ratio Rank: 52
^GSPC Sortino Ratio Rank: 55
^GSPC Omega Ratio Rank: 59
^GSPC Calmar Ratio Rank: 52
^GSPC Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BIGPX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock 60/40 Target Allocation Fund Class I (BIGPX) and S&P 500 Index (^GSPC). 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.

	BIGPX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.33	0.88	+0.45
Sortino ratio Return per unit of downside risk	1.95	1.37	+0.59
Omega ratio Gain probability vs. loss probability	1.29	1.21	+0.08
Calmar ratio Return relative to maximum drawdown	2.02	1.39	+0.64
Martin ratio Return relative to average drawdown	8.55	6.43	+2.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BIGPX vs. ^GSPC - Sharpe Ratio Comparison

The current BIGPX Sharpe Ratio is 1.33, which is higher than the ^GSPC Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of BIGPX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BIGPX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	0.88	+0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.62	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.68	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.46	0.00

Correlation

The correlation between BIGPX and ^GSPC is 0.93, 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.

Drawdowns

BIGPX vs. ^GSPC - Drawdown Comparison

The maximum BIGPX drawdown since its inception was -46.95%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BIGPX and ^GSPC.

Drawdown Indicators

	BIGPX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-46.95%	-56.78%	+9.83%
Max Drawdown (1Y) Largest decline over 1 year	-7.27%	-9.10%	+1.83%
Max Drawdown (5Y) Largest decline over 5 years	-21.88%	-25.43%	+3.55%
Max Drawdown (10Y) Largest decline over 10 years	-22.34%	-33.92%	+11.58%
Current Drawdown Current decline from peak	-4.47%	-5.67%	+1.20%
Average Drawdown Average peak-to-trough decline	-6.32%	-10.75%	+4.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	2.62%	-0.75%

Volatility

BIGPX vs. ^GSPC - Volatility Comparison

The current volatility for BlackRock 60/40 Target Allocation Fund Class I (BIGPX) is 4.56%, while S&P 500 Index (^GSPC) has a volatility of 5.29%. This indicates that BIGPX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIGPX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.56%	5.29%	-0.73%
Volatility (6M) Calculated over the trailing 6-month period	6.92%	9.55%	-2.63%
Volatility (1Y) Calculated over the trailing 1-year period	11.66%	18.33%	-6.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.84%	16.90%	-5.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.30%	18.04%	-6.74%