BLDIX vs. SPY
Compare and contrast key facts about BlackRock Managed Income Fund (BLDIX) and State Street 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.
Performance
BLDIX vs. SPY - Performance Comparison
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BLDIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BLDIX BlackRock Managed Income Fund | -1.46% | 9.87% | 5.19% | 8.69% | -9.88% | 5.26% | 5.81% | 9.78% | -0.64% | 5.32% |
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, BLDIX achieves a -1.46% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, BLDIX has underperformed SPY with an annualized return of 4.17%, while SPY has yielded a comparatively higher 13.98% annualized return.
BLDIX
- 1D
- 0.32%
- 1M
- -3.56%
- YTD
- -1.46%
- 6M
- -0.10%
- 1Y
- 5.83%
- 3Y*
- 5.94%
- 5Y*
- 3.07%
- 10Y*
- 4.17%
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%
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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.
Return for Risk
BLDIX vs. SPY — Risk / Return Rank
BLDIX
SPY
BLDIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Managed Income Fund (BLDIX) 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.
| BLDIX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | 0.93 | +0.46 |
Sortino ratioReturn per unit of downside risk | 1.94 | 1.45 | +0.49 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.22 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 1.53 | +0.20 |
Martin ratioReturn relative to average drawdown | 7.29 | 7.30 | -0.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BLDIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 0.93 | +0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.69 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.78 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.56 | +0.11 |
Correlation
The correlation between BLDIX and SPY is 0.01, 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
BLDIX vs. SPY - Dividend Comparison
BLDIX's dividend yield for the trailing twelve months is around 5.22%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLDIX BlackRock Managed Income Fund | 5.22% | 5.46% | 5.76% | 3.55% | 3.86% | 4.87% | 3.53% | 3.87% | 4.27% | 4.48% | 4.15% | 2.87% |
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
BLDIX vs. SPY - Drawdown Comparison
The maximum BLDIX drawdown since its inception was -14.47%, 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.
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Drawdown Indicators
| BLDIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.47% | -55.19% | +40.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.87% | -12.05% | +8.18% |
Max Drawdown (5Y)Largest decline over 5 years | -14.17% | -24.50% | +10.33% |
Max Drawdown (10Y)Largest decline over 10 years | -14.33% | -33.72% | +19.39% |
Current DrawdownCurrent decline from peak | -3.56% | -6.24% | +2.68% |
Average DrawdownAverage peak-to-trough decline | -2.83% | -9.09% | +6.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 2.52% | -1.61% |
Volatility
BLDIX vs. SPY - Volatility Comparison
The current volatility for BlackRock Managed Income Fund (BLDIX) is 1.78%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. 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.
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Volatility by Period
| BLDIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 5.31% | -3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 9.47% | -6.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.66% | 19.05% | -14.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.23% | 17.06% | -11.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.56% | 17.92% | -12.36% |