Correlation
The correlation between BIMPX and SPY is 0.87, 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.
BIMPX vs. SPY
Compare and contrast key facts about BlackRock 40/60 Target Allocation Fund (BIMPX) and SPDR S&P 500 ETF (SPY).
BIMPX is managed by Blackrock. It was launched on Dec 20, 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: BIMPX or SPY.
Performance
BIMPX vs. SPY - Performance Comparison
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Key characteristics
BIMPX:
1.01
SPY:
0.70
BIMPX:
1.39
SPY:
1.02
BIMPX:
1.19
SPY:
1.15
BIMPX:
1.05
SPY:
0.68
BIMPX:
4.31
SPY:
2.57
BIMPX:
1.99%
SPY:
4.93%
BIMPX:
9.23%
SPY:
20.42%
BIMPX:
-41.30%
SPY:
-55.19%
BIMPX:
0.00%
SPY:
-3.55%
Returns By Period
In the year-to-date period, BIMPX achieves a 3.29% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, BIMPX has underperformed SPY with an annualized return of 3.30%, while SPY has yielded a comparatively higher 12.73% annualized return.
BIMPX
3.29%
2.73%
1.63%
9.29%
5.83%
4.31%
3.30%
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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BIMPX vs. SPY - Expense Ratio Comparison
BIMPX has a 0.11% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
BIMPX vs. SPY — Risk-Adjusted Performance Rank
BIMPX
SPY
BIMPX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock 40/60 Target Allocation Fund (BIMPX) 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.
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Dividends
BIMPX vs. SPY - Dividend Comparison
BIMPX's dividend yield for the trailing twelve months is around 3.32%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIMPX BlackRock 40/60 Target Allocation Fund | 3.32% | 3.42% | 2.97% | 3.05% | 6.35% | 4.54% | 2.66% | 7.95% | 2.50% | 1.84% | 9.77% | 11.44% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
BIMPX vs. SPY - Drawdown Comparison
The maximum BIMPX drawdown since its inception was -41.30%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BIMPX and SPY.
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Volatility
BIMPX vs. SPY - Volatility Comparison
The current volatility for BlackRock 40/60 Target Allocation Fund (BIMPX) is 1.99%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that BIMPX 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.
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