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.
Key characteristics
| BIIIX | SPY | |
|---|---|---|
| YTD Return | -2.23% | 6.58% |
| 1Y Return | -0.61% | 25.57% |
| 3Y Return (Ann) | -3.69% | 8.08% |
| 5Y Return (Ann) | -0.03% | 13.25% |
| Sharpe Ratio | -0.09 | 2.13 |
| Daily Std Dev | 6.76% | 11.60% |
| Max Drawdown | -19.99% | -55.19% |
| Current Drawdown | -13.20% | -3.47% |
Correlation
The correlation between BIIIX and SPY is -0.04. 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
In the year-to-date period, BIIIX achieves a -2.23% return, which is significantly lower than SPY's 6.58% 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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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's dividend yield for the trailing twelve months is around 4.07%, more than SPY's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIIIX BlackRock Sustainable Advantage CoreAlpha Bond Fund | 4.07% | 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 | 1.33% | 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
The maximum BIIIX drawdown since its inception was -19.99%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BIIIX and SPY. For additional features, visit the drawdowns tool.
Volatility
BIIIX vs. SPY - Volatility Comparison
The current volatility for BlackRock Sustainable Advantage CoreAlpha Bond Fund (BIIIX) is 1.70%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.03%. 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.