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:
-0.26
SPY:
0.54
BIRIX:
-0.19
SPY:
0.90
BIRIX:
0.97
SPY:
1.13
BIRIX:
-0.23
SPY:
0.58
BIRIX:
-0.55
SPY:
2.32
BIRIX:
10.75%
SPY:
4.69%
BIRIX:
23.10%
SPY:
20.01%
BIRIX:
-34.67%
SPY:
-55.19%
BIRIX:
-15.80%
SPY:
-8.61%
Returns By Period
In the year-to-date period, BIRIX achieves a -4.71% return, which is significantly lower than SPY's -4.42% return.
BIRIX
-4.71%
-0.10%
-6.45%
-4.42%
10.91%
N/A
SPY
-4.42%
-0.45%
-1.16%
13.04%
16.32%
12.16%
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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 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
The current volatility for BlackRock Sustainable Advantage Large Cap Core Fund (BIRIX) is 14.19%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.00%. This indicates that BIRIX 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.