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.
Key characteristics
| BIMBX | SPY | |
|---|---|---|
| YTD Return | 3.46% | 11.81% |
| 1Y Return | 10.11% | 31.01% |
| 3Y Return (Ann) | 3.16% | 9.97% |
| 5Y Return (Ann) | 4.14% | 15.01% |
| Sharpe Ratio | 3.14 | 2.61 |
| Daily Std Dev | 3.15% | 11.55% |
| Max Drawdown | -8.73% | -55.19% |
| Current Drawdown | -0.49% | 0.00% |
Correlation
The correlation between BIMBX and SPY is 0.21, 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
In the year-to-date period, BIMBX achieves a 3.46% return, which is significantly lower than SPY's 11.81% 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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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 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 4.33%, more than SPY's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIMBX BlackRock Systematic Multi-Strategy Class I | 4.33% | 4.48% | 4.99% | 2.62% | 1.71% | 4.19% | 3.95% | 2.18% | 1.70% | 1.23% | 0.00% | 0.00% |
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
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 0.98%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.48%. 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.