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

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

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Sustainable Advantage Large Cap Core Fund (BIRIX) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

BIRIX:

-0.17

SPY:

0.66

Sortino Ratio

BIRIX:

-0.08

SPY:

1.08

Omega Ratio

BIRIX:

0.99

SPY:

1.16

Calmar Ratio

BIRIX:

-0.16

SPY:

0.72

Martin Ratio

BIRIX:

-0.36

SPY:

2.78

Ulcer Index

BIRIX:

11.13%

SPY:

4.88%

Daily Std Dev

BIRIX:

23.38%

SPY:

20.26%

Max Drawdown

BIRIX:

-34.67%

SPY:

-55.19%

Current Drawdown

BIRIX:

-10.25%

SPY:

-2.99%

Returns By Period

In the year-to-date period, BIRIX achieves a 1.56% return, which is significantly higher than SPY's 1.46% return.


BIRIX

YTD

1.56%

1M

13.43%

6M

-4.18%

1Y

-4.11%

3Y*

10.40%

5Y*

11.07%

10Y*

N/A

SPY

YTD

1.46%

1M

12.62%

6M

1.07%

1Y

13.27%

3Y*

16.71%

5Y*

16.68%

10Y*

12.71%

*Annualized

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SPDR S&P 500 ETF

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 Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BIRIX
The Risk-Adjusted Performance Rank of BIRIX is 1010
Overall Rank
The Sharpe Ratio Rank of BIRIX is 1010
Sharpe Ratio Rank
The Sortino Ratio Rank of BIRIX is 1111
Sortino Ratio Rank
The Omega Ratio Rank of BIRIX is 1111
Omega Ratio Rank
The Calmar Ratio Rank of BIRIX is 88
Calmar Ratio Rank
The Martin Ratio Rank of BIRIX is 1111
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 6767
Overall Rank
The Sharpe Ratio Rank of SPY is 6262
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 6666
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 7070
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 7070
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6969
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current BIRIX Sharpe Ratio is -0.17, which is lower than the SPY Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of BIRIX 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.


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Dividends

BIRIX vs. SPY - Dividend Comparison

BIRIX's dividend yield for the trailing twelve months is around 0.90%, less than SPY's 1.21% yield.


TTM20242023202220212020201920182017201620152014
BIRIX
BlackRock Sustainable Advantage Large Cap Core Fund
0.90%0.91%1.01%1.22%0.56%0.94%2.94%1.50%1.22%1.50%0.54%0.00%
SPY
SPDR S&P 500 ETF
1.21%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

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.


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Volatility

BIRIX vs. SPY - Volatility Comparison

BlackRock Sustainable Advantage Large Cap Core Fund (BIRIX) has a higher volatility of 5.61% compared to SPDR S&P 500 ETF (SPY) at 4.66%. 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.


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