BLX vs. SPY
Compare and contrast key facts about Banco Latinoamericano de Comercio Exterior, S.A (BLX) 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: BLX or SPY.
Correlation
The correlation between BLX and SPY is 0.38, 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.
Performance
BLX vs. SPY - Performance Comparison
Key characteristics
BLX:
1.34
SPY:
0.54
BLX:
1.96
SPY:
0.90
BLX:
1.25
SPY:
1.13
BLX:
1.77
SPY:
0.57
BLX:
5.67
SPY:
2.24
BLX:
6.55%
SPY:
4.82%
BLX:
28.79%
SPY:
20.02%
BLX:
-95.52%
SPY:
-55.19%
BLX:
-2.95%
SPY:
-7.53%
Returns By Period
In the year-to-date period, BLX achieves a 15.60% return, which is significantly higher than SPY's -3.30% return. Over the past 10 years, BLX has underperformed SPY with an annualized return of 9.18%, while SPY has yielded a comparatively higher 12.33% annualized return.
BLX
15.60%
20.66%
22.02%
38.40%
38.32%
9.18%
SPY
-3.30%
13.81%
-4.52%
10.65%
15.81%
12.33%
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Risk-Adjusted Performance
BLX vs. SPY — Risk-Adjusted Performance Rank
BLX
SPY
BLX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Banco Latinoamericano de Comercio Exterior, S.A (BLX) 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
BLX vs. SPY - Dividend Comparison
BLX's dividend yield for the trailing twelve months is around 4.02%, more than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLX Banco Latinoamericano de Comercio Exterior, S.A | 4.02% | 5.62% | 4.04% | 6.17% | 6.02% | 7.17% | 7.20% | 8.90% | 5.72% | 5.23% | 4.45% | 5.93% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
BLX vs. SPY - Drawdown Comparison
The maximum BLX drawdown since its inception was -95.52%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BLX and SPY. For additional features, visit the drawdowns tool.
Volatility
BLX vs. SPY - Volatility Comparison
The current volatility for Banco Latinoamericano de Comercio Exterior, S.A (BLX) is 10.33%, while SPDR S&P 500 ETF (SPY) has a volatility of 12.36%. This indicates that BLX 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.