BLDIX vs. SPY
Compare and contrast key facts about BlackRock Managed Income Fund (BLDIX) and SPDR S&P 500 ETF (SPY).
BLDIX is managed by Blackrock. It was launched on Oct 18, 2007. 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: BLDIX or SPY.
Correlation
The correlation between BLDIX and SPY is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
BLDIX vs. SPY - Performance Comparison
Key characteristics
BLDIX:
1.77
SPY:
1.97
BLDIX:
2.56
SPY:
2.64
BLDIX:
1.34
SPY:
1.36
BLDIX:
2.42
SPY:
2.97
BLDIX:
6.76
SPY:
12.34
BLDIX:
1.15%
SPY:
2.03%
BLDIX:
4.40%
SPY:
12.68%
BLDIX:
-21.04%
SPY:
-55.19%
BLDIX:
-0.55%
SPY:
-0.01%
Returns By Period
In the year-to-date period, BLDIX achieves a 1.77% return, which is significantly lower than SPY's 4.03% return. Over the past 10 years, BLDIX has underperformed SPY with an annualized return of 3.55%, while SPY has yielded a comparatively higher 13.18% annualized return.
BLDIX
1.77%
1.45%
1.53%
7.68%
3.05%
3.55%
SPY
4.03%
2.03%
9.65%
23.63%
14.28%
13.18%
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BLDIX vs. SPY - Expense Ratio Comparison
BLDIX has a 0.41% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BLDIX vs. SPY — Risk-Adjusted Performance Rank
BLDIX
SPY
BLDIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Managed Income Fund (BLDIX) 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
BLDIX vs. SPY - Dividend Comparison
BLDIX's dividend yield for the trailing twelve months is around 5.68%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLDIX BlackRock Managed Income Fund | 5.68% | 5.74% | 4.97% | 4.42% | 3.29% | 3.53% | 3.87% | 4.03% | 3.70% | 2.79% | 2.89% | 3.14% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
BLDIX vs. SPY - Drawdown Comparison
The maximum BLDIX drawdown since its inception was -21.04%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BLDIX and SPY. For additional features, visit the drawdowns tool.
Volatility
BLDIX vs. SPY - Volatility Comparison
The current volatility for BlackRock Managed Income Fund (BLDIX) is 1.29%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.15%. This indicates that BLDIX 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.