Correlation
The correlation between BLDE and SPY is 0.33, 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.
BLDE vs. SPY
Compare and contrast key facts about Blade Air Mobility, Inc. (BLDE) 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: BLDE or SPY.
Performance
BLDE vs. SPY - Performance Comparison
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Key characteristics
BLDE:
0.26
SPY:
0.68
BLDE:
0.78
SPY:
1.11
BLDE:
1.09
SPY:
1.16
BLDE:
0.14
SPY:
0.75
BLDE:
0.51
SPY:
2.86
BLDE:
23.56%
SPY:
4.93%
BLDE:
66.71%
SPY:
20.44%
BLDE:
-88.82%
SPY:
-55.19%
BLDE:
-81.08%
SPY:
-3.01%
Returns By Period
In the year-to-date period, BLDE achieves a -17.18% return, which is significantly lower than SPY's 1.44% return.
BLDE
-17.18%
20.14%
-21.08%
16.94%
-20.37%
-18.52%
N/A
SPY
1.44%
4.58%
-1.18%
13.82%
14.68%
15.35%
12.88%
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Risk-Adjusted Performance
BLDE vs. SPY — Risk-Adjusted Performance Rank
BLDE
SPY
BLDE vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Blade Air Mobility, Inc. (BLDE) 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.
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Dividends
BLDE vs. SPY - Dividend Comparison
BLDE has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.21%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLDE Blade Air Mobility, Inc. | 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 | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
BLDE vs. SPY - Drawdown Comparison
The maximum BLDE drawdown since its inception was -88.82%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BLDE and SPY.
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Volatility
BLDE vs. SPY - Volatility Comparison
Blade Air Mobility, Inc. (BLDE) has a higher volatility of 22.29% compared to SPDR S&P 500 ETF (SPY) at 4.85%. This indicates that BLDE'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.
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