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.
Key characteristics
| BIGPX | SPY | |
|---|---|---|
| YTD Return | 6.06% | 11.58% |
| 1Y Return | 15.84% | 29.17% |
| 3Y Return (Ann) | 3.12% | 9.98% |
| 5Y Return (Ann) | 8.29% | 14.95% |
| 10Y Return (Ann) | 7.27% | 12.88% |
| Sharpe Ratio | 1.74 | 2.67 |
| Daily Std Dev | 9.48% | 11.53% |
| Max Drawdown | -47.28% | -55.19% |
| Current Drawdown | 0.00% | -0.21% |
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
In the year-to-date period, BIGPX achieves a 6.06% return, which is significantly lower than SPY's 11.58% return. Over the past 10 years, BIGPX has underperformed SPY with an annualized return of 7.27%, while SPY has yielded a comparatively higher 12.88% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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's dividend yield for the trailing twelve months is around 2.85%, more than SPY's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIGPX BlackRock 60/40 Target Allocation Fund Class I | 2.85% | 3.02% | 2.59% | 7.60% | 3.90% | 3.77% | 9.80% | 3.20% | 1.76% | 9.89% | 10.69% | 1.54% |
SPY SPDR S&P 500 ETF | 1.27% | 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 -47.28%, 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 2.41%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.40%. 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.