BIIIX vs. SPY
Compare and contrast key facts about BlackRock Sustainable Advantage CoreAlpha Bond Fund (BIIIX) and SPDR S&P 500 ETF (SPY).
BIIIX is managed by Blackrock. It was launched on Aug 23, 2016. 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: BIIIX or SPY.
Correlation
The correlation between BIIIX and SPY is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
BIIIX vs. SPY - Performance Comparison
Key characteristics
Returns By Period
BIIIX
N/A
N/A
N/A
N/A
N/A
N/A
SPY
26.79%
-0.30%
10.04%
26.42%
14.75%
13.08%
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BIIIX vs. SPY - Expense Ratio Comparison
BIIIX has a 0.29% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BIIIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Sustainable Advantage CoreAlpha Bond Fund (BIIIX) 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
BIIIX vs. SPY - Dividend Comparison
BIIIX 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIIIX BlackRock Sustainable Advantage CoreAlpha Bond Fund | 2.44% | 3.62% | 2.21% | 2.20% | 2.82% | 2.79% | 2.78% | 2.18% | 0.61% | 0.00% | 0.00% | 0.00% |
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
BIIIX vs. SPY - Drawdown Comparison
Volatility
BIIIX vs. SPY - Volatility Comparison
The current volatility for BlackRock Sustainable Advantage CoreAlpha Bond Fund (BIIIX) is 0.00%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.07%. This indicates that BIIIX 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.