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.
Performance
BIRIX vs. SPY - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with BIRIX having a 24.05% return and SPY slightly higher at 24.40%.
BIRIX
24.05%
0.27%
10.60%
31.91%
15.43%
N/A
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| BIRIX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.54 | 2.64 |
| Sortino Ratio | 3.37 | 3.53 |
| Omega Ratio | 1.47 | 1.49 |
| Calmar Ratio | 3.45 | 3.81 |
| Martin Ratio | 15.43 | 17.21 |
| Ulcer Index | 2.09% | 1.86% |
| Daily Std Dev | 12.67% | 12.15% |
| Max Drawdown | -34.67% | -55.19% |
| Current Drawdown | -2.27% | -2.17% |
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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.
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.
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 0.95%, less than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIRIX BlackRock Sustainable Advantage Large Cap Core Fund | 0.95% | 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 | 1.20% | 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) and SPDR S&P 500 ETF (SPY) have volatilities of 4.23% and 4.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.