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BINC vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

BINC vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Flexible Income ETF (BINC) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
4.06%
13.58%
BINC
SPY

Returns By Period

In the year-to-date period, BINC achieves a 5.30% return, which is significantly lower than SPY's 26.08% return.


BINC

YTD

5.30%

1M

0.04%

6M

4.05%

1Y

9.32%

5Y (annualized)

N/A

10Y (annualized)

N/A

SPY

YTD

26.08%

1M

1.77%

6M

13.59%

1Y

32.24%

5Y (annualized)

15.62%

10Y (annualized)

13.10%

Key characteristics


BINCSPY
Sharpe Ratio3.112.70
Sortino Ratio4.923.60
Omega Ratio1.671.50
Calmar Ratio7.283.90
Martin Ratio21.5017.52
Ulcer Index0.43%1.87%
Daily Std Dev2.98%12.14%
Max Drawdown-1.95%-55.19%
Current Drawdown-0.66%-0.85%

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BINC vs. SPY - Expense Ratio Comparison

BINC has a 0.40% expense ratio, which is higher than SPY's 0.09% expense ratio.


BINC
BlackRock Flexible Income ETF
Expense ratio chart for BINC: current value at 0.40% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.40%
Expense ratio chart for SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

Correlation

-0.50.00.51.00.4

The correlation between BINC and SPY is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Risk-Adjusted Performance

BINC vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Flexible Income ETF (BINC) 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.


Sharpe ratio
The chart of Sharpe ratio for BINC, currently valued at 3.11, compared to the broader market0.002.004.003.112.70
The chart of Sortino ratio for BINC, currently valued at 4.92, compared to the broader market-2.000.002.004.006.008.0010.0012.004.923.60
The chart of Omega ratio for BINC, currently valued at 1.67, compared to the broader market0.501.001.502.002.503.001.671.50
The chart of Calmar ratio for BINC, currently valued at 7.28, compared to the broader market0.005.0010.0015.007.283.90
The chart of Martin ratio for BINC, currently valued at 21.50, compared to the broader market0.0020.0040.0060.0080.00100.0021.5017.52
BINC
SPY

The current BINC Sharpe Ratio is 3.11, which is comparable to the SPY Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of BINC and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.502.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
3.11
2.70
BINC
SPY

Dividends

BINC vs. SPY - Dividend Comparison

BINC's dividend yield for the trailing twelve months is around 5.53%, more than SPY's 1.18% yield.


TTM20232022202120202019201820172016201520142013
BINC
BlackRock Flexible Income ETF
5.53%3.13%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF
1.18%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

BINC vs. SPY - Drawdown Comparison

The maximum BINC drawdown since its inception was -1.95%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BINC and SPY. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.66%
-0.85%
BINC
SPY

Volatility

BINC vs. SPY - Volatility Comparison

The current volatility for BlackRock Flexible Income ETF (BINC) is 0.58%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. This indicates that BINC 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.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
0.58%
3.98%
BINC
SPY