BTZ vs. FDFIX
Compare and contrast key facts about BlackRock Credit Allocation Income Trust (BTZ) and Fidelity Flex 500 Index Fund (FDFIX).
FDFIX is managed by Fidelity. It was launched on Mar 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTZ or FDFIX.
Key characteristics
| BTZ | FDFIX | |
|---|---|---|
| YTD Return | 16.05% | 27.33% |
| 1Y Return | 28.09% | 37.87% |
| 3Y Return (Ann) | -1.41% | 10.34% |
| 5Y Return (Ann) | 4.20% | 16.06% |
| Sharpe Ratio | 2.73 | 3.23 |
| Sortino Ratio | 3.88 | 4.29 |
| Omega Ratio | 1.52 | 1.61 |
| Calmar Ratio | 1.02 | 4.75 |
| Martin Ratio | 10.99 | 21.53 |
| Ulcer Index | 2.51% | 1.86% |
| Daily Std Dev | 10.10% | 12.33% |
| Max Drawdown | -74.66% | -33.77% |
| Current Drawdown | -6.35% | 0.00% |
Correlation
The correlation between BTZ and FDFIX is 0.32, 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
BTZ vs. FDFIX - Performance Comparison
In the year-to-date period, BTZ achieves a 16.05% return, which is significantly lower than FDFIX's 27.33% 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
BTZ vs. FDFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Credit Allocation Income Trust (BTZ) and Fidelity Flex 500 Index Fund (FDFIX). 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
BTZ vs. FDFIX - Dividend Comparison
BTZ's dividend yield for the trailing twelve months is around 9.10%, more than FDFIX's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTZ BlackRock Credit Allocation Income Trust | 9.10% | 9.77% | 9.15% | 6.70% | 6.85% | 6.24% | 7.19% | 6.28% | 6.92% | 7.88% | 7.52% | 7.32% |
FDFIX Fidelity Flex 500 Index Fund | 1.22% | 1.48% | 1.70% | 1.18% | 1.52% | 1.78% | 1.81% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BTZ vs. FDFIX - Drawdown Comparison
The maximum BTZ drawdown since its inception was -74.66%, which is greater than FDFIX's maximum drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for BTZ and FDFIX. For additional features, visit the drawdowns tool.
Volatility
BTZ vs. FDFIX - Volatility Comparison
The current volatility for BlackRock Credit Allocation Income Trust (BTZ) is 2.89%, while Fidelity Flex 500 Index Fund (FDFIX) has a volatility of 3.88%. This indicates that BTZ experiences smaller price fluctuations and is considered to be less risky than FDFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.