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:
-0.46
SPY:
0.62
BIRIX:
-0.45
SPY:
0.90
BIRIX:
0.93
SPY:
1.12
BIRIX:
-0.47
SPY:
0.86
BIRIX:
-0.94
SPY:
2.84
BIRIX:
9.15%
SPY:
3.03%
BIRIX:
18.73%
SPY:
13.88%
BIRIX:
-34.67%
SPY:
-55.19%
BIRIX:
-15.71%
SPY:
-8.20%
Returns By Period
In the year-to-date period, BIRIX achieves a -4.62% return, which is significantly lower than SPY's -4.00% return.
BIRIX
-4.62%
-5.82%
-6.74%
-8.41%
13.75%
N/A
SPY
-4.00%
-5.31%
-0.72%
8.80%
19.18%
12.47%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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
BIRIX
SPY
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 0.95%, less than SPY's 1.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIRIX BlackRock Sustainable Advantage Large Cap Core Fund | 0.95% | 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 | 1.28% | 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.
Volatility
BIRIX vs. SPY - Volatility Comparison
BlackRock Sustainable Advantage Large Cap Core Fund (BIRIX) has a higher volatility of 6.25% compared to SPDR S&P 500 ETF (SPY) at 5.81%. 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.