BLCO vs. SPY
Compare and contrast key facts about Bausch + Lomb Corp (BLCO) and SPDR S&P 500 ETF (SPY).
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: BLCO or SPY.
Key characteristics
| BLCO | SPY | |
|---|---|---|
| YTD Return | -13.42% | 9.93% |
| 1Y Return | -20.59% | 28.39% |
| Sharpe Ratio | -0.58 | 2.46 |
| Daily Std Dev | 35.27% | 11.52% |
| Max Drawdown | -35.21% | -55.19% |
| Current Drawdown | -29.63% | -0.43% |
Correlation
The correlation between BLCO and SPY is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BLCO vs. SPY - Performance Comparison
In the year-to-date period, BLCO achieves a -13.42% return, which is significantly lower than SPY's 9.93% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BLCO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bausch + Lomb Corp (BLCO) 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
BLCO vs. SPY - Dividend Comparison
BLCO has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.29%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLCO Bausch + Lomb Corp | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.29% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BLCO vs. SPY - Drawdown Comparison
The maximum BLCO drawdown since its inception was -35.21%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BLCO and SPY. For additional features, visit the drawdowns tool.
Volatility
BLCO vs. SPY - Volatility Comparison
Bausch + Lomb Corp (BLCO) has a higher volatility of 12.31% compared to SPDR S&P 500 ETF (SPY) at 3.62%. This indicates that BLCO'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.