Correlation
The correlation between BME and SPY is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
BME vs. SPY
Compare and contrast key facts about BlackRock Health Sciences Trust (BME) 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: BME or SPY.
Performance
BME vs. SPY - Performance Comparison
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Key characteristics
BME:
-0.13
SPY:
0.67
BME:
-0.22
SPY:
1.03
BME:
0.97
SPY:
1.15
BME:
-0.26
SPY:
0.69
BME:
-0.67
SPY:
2.61
BME:
5.45%
SPY:
4.92%
BME:
15.29%
SPY:
20.44%
BME:
-42.03%
SPY:
-55.19%
BME:
-10.59%
SPY:
-3.44%
Returns By Period
In the year-to-date period, BME achieves a -2.09% return, which is significantly lower than SPY's 0.98% return. Over the past 10 years, BME has underperformed SPY with an annualized return of 5.66%, while SPY has yielded a comparatively higher 12.73% annualized return.
BME
-2.09%
-3.17%
-5.96%
-2.03%
-0.42%
2.74%
5.66%
SPY
0.98%
6.45%
-0.84%
13.58%
14.08%
15.83%
12.73%
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Risk-Adjusted Performance
BME vs. SPY — Risk-Adjusted Performance Rank
BME
SPY
BME vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Health Sciences Trust (BME) 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
BME vs. SPY - Dividend Comparison
BME's dividend yield for the trailing twelve months is around 7.95%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BME BlackRock Health Sciences Trust | 7.95% | 6.87% | 6.32% | 5.87% | 5.03% | 5.04% | 5.65% | 6.58% | 6.58% | 9.45% | 17.04% | 9.83% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
BME vs. SPY - Drawdown Comparison
The maximum BME drawdown since its inception was -42.03%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BME and SPY.
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Volatility
BME vs. SPY - Volatility Comparison
BlackRock Health Sciences Trust (BME) and SPDR S&P 500 ETF (SPY) have volatilities of 4.79% and 4.85%, 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.
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