BIMBX vs. SPY
Compare and contrast key facts about BlackRock Systematic Multi-Strategy Class I (BIMBX) and SPDR S&P 500 ETF (SPY).
BIMBX is managed by Blackrock. It was launched on May 19, 2015. 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: BIMBX or SPY.
Correlation
The correlation between BIMBX and SPY is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BIMBX vs. SPY - Performance Comparison
Key characteristics
BIMBX:
2.21
SPY:
1.88
BIMBX:
3.38
SPY:
2.53
BIMBX:
1.44
SPY:
1.35
BIMBX:
2.90
SPY:
2.83
BIMBX:
7.83
SPY:
11.74
BIMBX:
1.03%
SPY:
2.02%
BIMBX:
3.65%
SPY:
12.64%
BIMBX:
-8.73%
SPY:
-55.19%
BIMBX:
-0.27%
SPY:
-0.42%
Returns By Period
In the year-to-date period, BIMBX achieves a 2.18% return, which is significantly lower than SPY's 4.15% return.
BIMBX
2.18%
1.18%
1.71%
7.95%
4.07%
N/A
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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BIMBX vs. SPY - Expense Ratio Comparison
BIMBX has a 0.98% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BIMBX vs. SPY — Risk-Adjusted Performance Rank
BIMBX
SPY
BIMBX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Systematic Multi-Strategy Class I (BIMBX) 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
BIMBX vs. SPY - Dividend Comparison
BIMBX's dividend yield for the trailing twelve months is around 3.99%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIMBX BlackRock Systematic Multi-Strategy Class I | 3.99% | 4.08% | 4.47% | 4.90% | 1.72% | 1.70% | 4.19% | 3.02% | 2.18% | 1.70% | 1.23% | 0.00% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
BIMBX vs. SPY - Drawdown Comparison
The maximum BIMBX drawdown since its inception was -8.73%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BIMBX and SPY. For additional features, visit the drawdowns tool.
Volatility
BIMBX vs. SPY - Volatility Comparison
The current volatility for BlackRock Systematic Multi-Strategy Class I (BIMBX) is 1.18%, while SPDR S&P 500 ETF (SPY) has a volatility of 2.93%. This indicates that BIMBX 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.