BKT vs. SPY
Compare and contrast key facts about BlackRock Income Trust (BKT) and State Street 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.
Performance
BKT vs. SPY - Performance Comparison
Loading graphics...
BKT vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BKT BlackRock Income Trust | -1.93% | 5.92% | 3.33% | 7.69% | -21.51% | -0.44% | 7.36% | 14.91% | -2.59% | 2.58% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, BKT achieves a -1.93% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, BKT has underperformed SPY with an annualized return of 1.07%, while SPY has yielded a comparatively higher 13.98% annualized return.
BKT
- 1D
- 0.86%
- 1M
- -4.51%
- YTD
- -1.93%
- 6M
- -1.35%
- 1Y
- -1.29%
- 3Y*
- 3.53%
- 5Y*
- -2.33%
- 10Y*
- 1.07%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BKT vs. SPY - Expense Ratio Comparison
BKT has a 2.06% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
BKT vs. SPY — Risk / Return Rank
BKT
SPY
BKT vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Income Trust (BKT) and State Street 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.
| BKT | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.16 | 0.93 | -1.09 |
Sortino ratioReturn per unit of downside risk | -0.17 | 1.45 | -1.62 |
Omega ratioGain probability vs. loss probability | 0.98 | 1.22 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | -0.10 | 1.53 | -1.63 |
Martin ratioReturn relative to average drawdown | -0.23 | 7.30 | -7.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| BKT | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | 0.93 | -1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | 0.69 | -0.90 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | 0.78 | -0.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.56 | -0.43 |
Correlation
The correlation between BKT and SPY is 0.08, 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.
Dividends
BKT vs. SPY - Dividend Comparison
BKT's dividend yield for the trailing twelve months is around 9.97%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKT BlackRock Income Trust | 9.97% | 9.53% | 9.19% | 8.69% | 8.35% | 7.31% | 6.80% | 6.82% | 6.48% | 5.15% | 5.09% | 5.89% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
BKT vs. SPY - Drawdown Comparison
The maximum BKT drawdown since its inception was -48.86%, 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.
Loading graphics...
Drawdown Indicators
| BKT | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.86% | -55.19% | +6.33% |
Max Drawdown (1Y)Largest decline over 1 year | -5.89% | -12.05% | +6.16% |
Max Drawdown (5Y)Largest decline over 5 years | -35.70% | -24.50% | -11.20% |
Max Drawdown (10Y)Largest decline over 10 years | -35.70% | -33.72% | -1.98% |
Current DrawdownCurrent decline from peak | -19.16% | -6.24% | -12.92% |
Average DrawdownAverage peak-to-trough decline | -14.74% | -9.09% | -5.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 2.52% | +0.18% |
Volatility
BKT vs. SPY - Volatility Comparison
The current volatility for BlackRock Income Trust (BKT) is 2.55%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that BKT 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.
Loading graphics...
Volatility by Period
| BKT | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 5.31% | -2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 4.60% | 9.47% | -4.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.91% | 19.05% | -11.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.25% | 17.06% | -5.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.70% | 17.92% | -8.22% |