BIRIX vs. SPY
Compare and contrast key facts about BlackRock Sustainable Advantage Large Cap Core Fund (BIRIX) and SPDR S&P 500 ETF (SPY).
BIRIX is managed by Blackrock. It was launched on Oct 5, 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: BIRIX or SPY.
Correlation
The correlation between BIRIX and SPY is 0.98, 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.
Performance
BIRIX vs. SPY - Performance Comparison
Key characteristics
BIRIX:
0.52
SPY:
2.21
BIRIX:
0.70
SPY:
2.93
BIRIX:
1.13
SPY:
1.41
BIRIX:
0.50
SPY:
3.26
BIRIX:
1.32
SPY:
14.40
BIRIX:
6.98%
SPY:
1.90%
BIRIX:
17.66%
SPY:
12.44%
BIRIX:
-34.67%
SPY:
-55.19%
BIRIX:
-9.25%
SPY:
-1.83%
Returns By Period
In the year-to-date period, BIRIX achieves a 8.98% return, which is significantly lower than SPY's 26.72% return.
BIRIX
8.98%
-3.96%
-6.23%
9.20%
9.62%
N/A
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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BIRIX vs. SPY - Expense Ratio Comparison
BIRIX has a 0.48% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BIRIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Sustainable Advantage Large Cap Core Fund (BIRIX) 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
BIRIX vs. SPY - Dividend Comparison
BIRIX's dividend yield for the trailing twelve months is around 0.89%, less than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIRIX BlackRock Sustainable Advantage Large Cap Core Fund | 0.89% | 1.01% | 1.22% | 0.56% | 0.94% | 2.94% | 1.50% | 1.22% | 1.50% | 0.54% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BIRIX vs. SPY - Drawdown Comparison
The maximum BIRIX drawdown since its inception was -34.67%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BIRIX and SPY. For additional features, visit the drawdowns tool.
Volatility
BIRIX vs. SPY - Volatility Comparison
BlackRock Sustainable Advantage Large Cap Core Fund (BIRIX) has a higher volatility of 6.55% compared to SPDR S&P 500 ETF (SPY) at 3.81%. This indicates that BIRIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.