BPT vs. SPY
Compare and contrast key facts about BP Prudhoe Bay Royalty Trust (BPT) 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: BPT or SPY.
Key characteristics
| BPT | SPY | |
|---|---|---|
| YTD Return | -45.75% | 27.16% |
| 1Y Return | -62.04% | 37.73% |
| 3Y Return (Ann) | -25.40% | 10.28% |
| 5Y Return (Ann) | -23.23% | 15.97% |
| 10Y Return (Ann) | -26.44% | 13.38% |
| Sharpe Ratio | -0.89 | 3.25 |
| Sortino Ratio | -1.54 | 4.32 |
| Omega Ratio | 0.83 | 1.61 |
| Calmar Ratio | -0.65 | 4.74 |
| Martin Ratio | -1.47 | 21.51 |
| Ulcer Index | 43.07% | 1.85% |
| Daily Std Dev | 70.82% | 12.20% |
| Max Drawdown | -97.34% | -55.19% |
| Current Drawdown | -96.03% | 0.00% |
Correlation
The correlation between BPT and SPY is 0.20, 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
BPT vs. SPY - Performance Comparison
In the year-to-date period, BPT achieves a -45.75% return, which is significantly lower than SPY's 27.16% return. Over the past 10 years, BPT has underperformed SPY with an annualized return of -26.44%, while SPY has yielded a comparatively higher 13.38% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BPT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BP Prudhoe Bay Royalty Trust (BPT) 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
BPT vs. SPY - Dividend Comparison
BPT has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.17%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BPT BP Prudhoe Bay Royalty Trust | 0.00% | 12.02% | 32.34% | 2.37% | 17.82% | 32.47% | 24.46% | 17.91% | 8.58% | 23.50% | 15.67% | 11.35% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BPT vs. SPY - Drawdown Comparison
The maximum BPT drawdown since its inception was -97.34%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BPT and SPY. For additional features, visit the drawdowns tool.
Volatility
BPT vs. SPY - Volatility Comparison
BP Prudhoe Bay Royalty Trust (BPT) has a higher volatility of 23.49% compared to SPDR S&P 500 ETF (SPY) at 3.92%. This indicates that BPT'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.