BIGPX vs. SPY
Compare and contrast key facts about BlackRock 60/40 Target Allocation Fund Class I (BIGPX) and SPDR S&P 500 ETF (SPY).
BIGPX is managed by Blackrock. It was launched on Dec 21, 2006. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIGPX or SPY.
Correlation
The correlation between BIGPX and SPY is 0.90, 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.
Performance
BIGPX vs. SPY - Performance Comparison
Key characteristics
BIGPX:
0.24
SPY:
1.01
BIGPX:
0.38
SPY:
1.40
BIGPX:
1.06
SPY:
1.19
BIGPX:
0.27
SPY:
1.57
BIGPX:
0.75
SPY:
6.03
BIGPX:
3.35%
SPY:
2.19%
BIGPX:
10.37%
SPY:
13.11%
BIGPX:
-49.06%
SPY:
-55.19%
BIGPX:
-7.97%
SPY:
-6.56%
Returns By Period
In the year-to-date period, BIGPX achieves a 0.73% return, which is significantly higher than SPY's -2.28% return. Over the past 10 years, BIGPX has underperformed SPY with an annualized return of 3.68%, while SPY has yielded a comparatively higher 12.62% annualized return.
BIGPX
0.73%
-1.62%
-3.46%
2.32%
5.10%
3.68%
SPY
-2.28%
-4.83%
4.87%
13.79%
15.79%
12.62%
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BIGPX vs. SPY - Expense Ratio Comparison
BIGPX has a 0.43% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BIGPX vs. SPY — Risk-Adjusted Performance Rank
BIGPX
SPY
BIGPX vs. SPY - 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 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.
Dividends
BIGPX vs. SPY - Dividend Comparison
BIGPX's dividend yield for the trailing twelve months is around 2.82%, more than SPY's 1.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIGPX BlackRock 60/40 Target Allocation Fund Class I | 2.87% | 2.84% | 2.35% | 2.60% | 2.26% | 1.37% | 2.57% | 1.79% | 2.24% | 1.76% | 1.91% | 3.77% |
SPY SPDR S&P 500 ETF | 1.26% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
BIGPX vs. SPY - Drawdown Comparison
The maximum BIGPX drawdown since its inception was -49.06%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BIGPX and SPY. For additional features, visit the drawdowns tool.
Volatility
BIGPX vs. SPY - Volatility Comparison
The current volatility for BlackRock 60/40 Target Allocation Fund Class I (BIGPX) is 3.14%, while SPDR S&P 500 ETF (SPY) has a volatility of 5.07%. This indicates that BIGPX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.