BNY vs. SPY
Compare and contrast key facts about BlackRock New York Municipal Income Trust (BNY) 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: BNY or SPY.
Correlation
The correlation between BNY and SPY is 0.10, 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
BNY vs. SPY - Performance Comparison
Key characteristics
BNY:
0.61
SPY:
2.12
BNY:
0.90
SPY:
2.81
BNY:
1.11
SPY:
1.39
BNY:
0.18
SPY:
3.21
BNY:
1.97
SPY:
13.42
BNY:
2.48%
SPY:
2.01%
BNY:
7.98%
SPY:
12.78%
BNY:
-49.55%
SPY:
-55.19%
BNY:
-23.64%
SPY:
-0.29%
Returns By Period
In the year-to-date period, BNY achieves a 1.69% return, which is significantly lower than SPY's 3.73% return. Over the past 10 years, BNY has underperformed SPY with an annualized return of 0.96%, while SPY has yielded a comparatively higher 13.76% annualized return.
BNY
1.69%
1.59%
-0.81%
4.42%
-2.06%
0.96%
SPY
3.73%
1.10%
12.39%
26.33%
15.23%
13.76%
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Risk-Adjusted Performance
BNY vs. SPY — Risk-Adjusted Performance Rank
BNY
SPY
BNY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock New York Municipal Income Trust (BNY) 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
BNY vs. SPY - Dividend Comparison
BNY's dividend yield for the trailing twelve months is around 5.32%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNY BlackRock New York Municipal Income Trust | 5.32% | 5.30% | 3.78% | 5.53% | 5.06% | 4.16% | 3.87% | 4.71% | 4.99% | 5.39% | 5.31% | 5.77% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
BNY vs. SPY - Drawdown Comparison
The maximum BNY drawdown since its inception was -49.55%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BNY and SPY. For additional features, visit the drawdowns tool.
Volatility
BNY vs. SPY - Volatility Comparison
The current volatility for BlackRock New York Municipal Income Trust (BNY) is 2.40%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.97%. This indicates that BNY 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.