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.
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.
Performance
BLX vs. SPY - Performance Comparison
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Key characteristics
BLX:
1.66
SPY:
0.70
BLX:
2.38
SPY:
1.02
BLX:
1.30
SPY:
1.15
BLX:
2.27
SPY:
0.68
BLX:
7.53
SPY:
2.57
BLX:
6.33%
SPY:
4.93%
BLX:
28.84%
SPY:
20.42%
BLX:
-95.52%
SPY:
-55.19%
BLX:
-1.63%
SPY:
-3.55%
Returns By Period
In the year-to-date period, BLX achieves a 19.01% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, BLX has underperformed SPY with an annualized return of 9.74%, while SPY has yielded a comparatively higher 12.73% annualized return.
BLX
19.01%
7.85%
24.25%
45.61%
49.00%
36.69%
9.74%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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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.
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Dividends
BLX vs. SPY - Dividend Comparison
BLX's dividend yield for the trailing twelve months is around 5.49%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLX Banco Latinoamericano de Comercio Exterior, S.A | 5.49% | 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 | 1.22% | 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.
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Volatility
BLX vs. SPY - Volatility Comparison
Banco Latinoamericano de Comercio Exterior, S.A (BLX) has a higher volatility of 6.14% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that BLX'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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