BSMIX vs. SPY
Compare and contrast key facts about iShares Russell Small/Mid-Cap Index Fund (BSMIX) and SPDR S&P 500 ETF (SPY).
BSMIX is managed by Blackrock. It was launched on Aug 13, 2015. 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: BSMIX or SPY.
Correlation
The correlation between BSMIX and SPY is 0.85, 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.
Performance
BSMIX vs. SPY - Performance Comparison
Key characteristics
BSMIX:
0.69
SPY:
2.03
BSMIX:
1.07
SPY:
2.71
BSMIX:
1.13
SPY:
1.38
BSMIX:
0.93
SPY:
3.02
BSMIX:
3.66
SPY:
13.49
BSMIX:
3.36%
SPY:
1.88%
BSMIX:
17.75%
SPY:
12.48%
BSMIX:
-41.32%
SPY:
-55.19%
BSMIX:
-9.14%
SPY:
-3.54%
Returns By Period
In the year-to-date period, BSMIX achieves a 10.48% return, which is significantly lower than SPY's 24.51% return.
BSMIX
10.48%
-4.00%
8.29%
10.62%
8.45%
N/A
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
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BSMIX vs. SPY - Expense Ratio Comparison
BSMIX 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%.
Risk-Adjusted Performance
BSMIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Small/Mid-Cap Index Fund (BSMIX) 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
BSMIX vs. SPY - Dividend Comparison
BSMIX's dividend yield for the trailing twelve months is around 0.73%, less than SPY's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSMIX iShares Russell Small/Mid-Cap Index Fund | 0.73% | 1.37% | 1.74% | 1.10% | 1.21% | 1.53% | 1.54% | 1.32% | 1.31% | 0.61% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BSMIX vs. SPY - Drawdown Comparison
The maximum BSMIX drawdown since its inception was -41.32%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BSMIX and SPY. For additional features, visit the drawdowns tool.
Volatility
BSMIX vs. SPY - Volatility Comparison
iShares Russell Small/Mid-Cap Index Fund (BSMIX) has a higher volatility of 5.88% compared to SPDR S&P 500 ETF (SPY) at 3.64%. This indicates that BSMIX'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.