BKT vs. SPY
Compare and contrast key facts about BlackRock Income Trust (BKT) and SPDR S&P 500 ETF (SPY).
BKT is managed by Blackrock. It was launched on Jan 2, 1990. 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: BKT or SPY.
Correlation
The correlation between BKT and SPY is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BKT vs. SPY - Performance Comparison
Key characteristics
BKT:
0.33
SPY:
2.21
BKT:
0.52
SPY:
2.93
BKT:
1.07
SPY:
1.41
BKT:
0.12
SPY:
3.26
BKT:
0.95
SPY:
14.43
BKT:
3.84%
SPY:
1.90%
BKT:
11.00%
SPY:
12.41%
BKT:
-35.78%
SPY:
-55.19%
BKT:
-22.36%
SPY:
-2.74%
Returns By Period
In the year-to-date period, BKT achieves a 3.22% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, BKT has underperformed SPY with an annualized return of 1.66%, while SPY has yielded a comparatively higher 12.97% annualized return.
BKT
3.22%
-0.72%
1.79%
2.63%
-1.33%
1.66%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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BKT vs. SPY - Expense Ratio Comparison
BKT has a 2.06% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BKT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Income Trust (BKT) 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
BKT vs. SPY - Dividend Comparison
BKT's dividend yield for the trailing twelve months is around 9.17%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKT BlackRock Income Trust | 9.17% | 8.67% | 8.26% | 7.22% | 6.72% | 6.74% | 6.49% | 5.25% | 5.18% | 5.89% | 6.59% | 7.16% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BKT vs. SPY - Drawdown Comparison
The maximum BKT drawdown since its inception was -35.78%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BKT and SPY. For additional features, visit the drawdowns tool.
Volatility
BKT vs. SPY - Volatility Comparison
BlackRock Income Trust (BKT) and SPDR S&P 500 ETF (SPY) have volatilities of 3.88% and 3.72%, 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.