BIGPX vs. ^GSPC
Compare and contrast key facts about BlackRock 60/40 Target Allocation Fund Class I (BIGPX) and S&P 500 (^GSPC).
BIGPX is managed by Blackrock. It was launched on Dec 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIGPX or ^GSPC.
Performance
BIGPX vs. ^GSPC - Performance Comparison
Returns By Period
In the year-to-date period, BIGPX achieves a 12.63% return, which is significantly lower than ^GSPC's 25.15% return. Over the past 10 years, BIGPX has underperformed ^GSPC with an annualized return of 3.77%, while ^GSPC has yielded a comparatively higher 11.21% annualized return.
BIGPX
12.63%
0.61%
6.25%
17.28%
6.01%
3.77%
^GSPC
25.15%
2.97%
12.53%
31.00%
13.95%
11.21%
Key characteristics
| BIGPX | ^GSPC | |
|---|---|---|
| Sharpe Ratio | 1.87 | 2.53 |
| Sortino Ratio | 2.68 | 3.39 |
| Omega Ratio | 1.36 | 1.47 |
| Calmar Ratio | 1.37 | 3.65 |
| Martin Ratio | 10.64 | 16.21 |
| Ulcer Index | 1.62% | 1.91% |
| Daily Std Dev | 9.22% | 12.23% |
| Max Drawdown | -49.06% | -56.78% |
| Current Drawdown | -1.08% | -0.53% |
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Correlation
The correlation between BIGPX and ^GSPC is 0.91, 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.
Risk-Adjusted Performance
BIGPX vs. ^GSPC - Risk-Adjusted Performance 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 (^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.
Drawdowns
BIGPX vs. ^GSPC - Drawdown Comparison
The maximum BIGPX drawdown since its inception was -49.06%, 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. For additional features, visit the drawdowns tool.
Volatility
BIGPX vs. ^GSPC - Volatility Comparison
The current volatility for BlackRock 60/40 Target Allocation Fund Class I (BIGPX) is 2.15%, while S&P 500 (^GSPC) has a volatility of 3.97%. 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.