BRGNX vs. SPY
Compare and contrast key facts about iShares Russell 1000 Large-Cap Index Fund (BRGNX) and SPDR S&P 500 ETF (SPY).
BRGNX is managed by Blackrock. It was launched on Mar 31, 2011. 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: BRGNX or SPY.
Performance
BRGNX vs. SPY - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with BRGNX having a 26.04% return and SPY slightly higher at 26.08%. Over the past 10 years, BRGNX has underperformed SPY with an annualized return of 11.75%, while SPY has yielded a comparatively higher 13.10% annualized return.
BRGNX
26.04%
2.40%
14.19%
32.84%
14.98%
11.75%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| BRGNX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.71 | 2.70 |
| Sortino Ratio | 3.61 | 3.60 |
| Omega Ratio | 1.50 | 1.50 |
| Calmar Ratio | 3.94 | 3.90 |
| Martin Ratio | 17.52 | 17.52 |
| Ulcer Index | 1.91% | 1.87% |
| Daily Std Dev | 12.36% | 12.14% |
| Max Drawdown | -34.59% | -55.19% |
| Current Drawdown | -0.73% | -0.85% |
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BRGNX vs. SPY - Expense Ratio Comparison
BRGNX has a 0.12% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between BRGNX and SPY is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
BRGNX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Large-Cap Index Fund (BRGNX) 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
BRGNX vs. SPY - Dividend Comparison
BRGNX's dividend yield for the trailing twelve months is around 1.11%, less than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRGNX iShares Russell 1000 Large-Cap Index Fund | 1.11% | 1.43% | 1.45% | 1.19% | 1.35% | 1.84% | 2.01% | 1.95% | 2.16% | 2.05% | 1.71% | 1.68% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BRGNX vs. SPY - Drawdown Comparison
The maximum BRGNX drawdown since its inception was -34.59%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BRGNX and SPY. For additional features, visit the drawdowns tool.
Volatility
BRGNX vs. SPY - Volatility Comparison
iShares Russell 1000 Large-Cap Index Fund (BRGNX) and SPDR S&P 500 ETF (SPY) have volatilities of 4.04% and 3.98%, 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.