BLPIX vs. SPY
Compare and contrast key facts about ProFunds Bull Investor Fund (BLPIX) and SPDR S&P 500 ETF (SPY).
BLPIX is managed by ProFunds. It was launched on Nov 30, 1997. 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: BLPIX or SPY.
Correlation
The correlation between BLPIX and SPY is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BLPIX vs. SPY - Performance Comparison
Key characteristics
BLPIX:
1.88
SPY:
2.21
BLPIX:
2.54
SPY:
2.93
BLPIX:
1.35
SPY:
1.41
BLPIX:
2.75
SPY:
3.26
BLPIX:
11.87
SPY:
14.43
BLPIX:
1.98%
SPY:
1.90%
BLPIX:
12.49%
SPY:
12.41%
BLPIX:
-57.98%
SPY:
-55.19%
BLPIX:
-3.68%
SPY:
-2.74%
Returns By Period
In the year-to-date period, BLPIX achieves a 21.68% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, BLPIX has underperformed SPY with an annualized return of 8.89%, while SPY has yielded a comparatively higher 12.97% annualized return.
BLPIX
21.68%
-0.87%
6.43%
22.25%
8.57%
8.89%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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BLPIX vs. SPY - Expense Ratio Comparison
BLPIX has a 1.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BLPIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Bull Investor Fund (BLPIX) 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
BLPIX vs. SPY - Dividend Comparison
BLPIX's dividend yield for the trailing twelve months is around 0.79%, less than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLPIX ProFunds Bull Investor Fund | 0.79% | 0.03% | 0.00% | 0.00% | 0.30% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BLPIX vs. SPY - Drawdown Comparison
The maximum BLPIX drawdown since its inception was -57.98%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BLPIX and SPY. For additional features, visit the drawdowns tool.
Volatility
BLPIX vs. SPY - Volatility Comparison
ProFunds Bull Investor Fund (BLPIX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.68% and 3.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.