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:
1.22
SPY:
2.21
BIGPX:
1.75
SPY:
2.93
BIGPX:
1.24
SPY:
1.41
BIGPX:
1.11
SPY:
3.26
BIGPX:
6.83
SPY:
14.40
BIGPX:
1.67%
SPY:
1.90%
BIGPX:
9.08%
SPY:
12.44%
BIGPX:
-49.06%
SPY:
-55.19%
BIGPX:
-3.14%
SPY:
-1.83%
Returns By Period
In the year-to-date period, BIGPX achieves a 11.60% return, which is significantly lower than SPY's 26.72% return. Over the past 10 years, BIGPX has underperformed SPY with an annualized return of 3.63%, while SPY has yielded a comparatively higher 13.04% annualized return.
BIGPX
11.60%
-0.91%
3.35%
8.85%
5.29%
3.63%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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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 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 has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIGPX BlackRock 60/40 Target Allocation Fund Class I | 0.00% | 2.35% | 2.60% | 2.26% | 1.37% | 2.57% | 1.79% | 2.24% | 1.76% | 1.91% | 3.77% | 1.54% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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 2.63%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.83%. 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.