MALOX vs. SPY
Compare and contrast key facts about BlackRock Global Allocation Fund (MALOX) and SPDR S&P 500 ETF (SPY).
MALOX is managed by Blackrock. It was launched on Feb 2, 1989. 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: MALOX or SPY.
Correlation
The correlation between MALOX and SPY is 0.79, 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
MALOX vs. SPY - Performance Comparison
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Key characteristics
MALOX:
0.23
SPY:
0.68
MALOX:
0.43
SPY:
1.13
MALOX:
1.06
SPY:
1.17
MALOX:
0.15
SPY:
0.76
MALOX:
0.77
SPY:
2.93
MALOX:
4.12%
SPY:
4.87%
MALOX:
12.06%
SPY:
20.29%
MALOX:
-34.53%
SPY:
-55.19%
MALOX:
-12.31%
SPY:
-3.85%
Returns By Period
In the year-to-date period, MALOX achieves a 4.87% return, which is significantly higher than SPY's 0.56% return. Over the past 10 years, MALOX has underperformed SPY with an annualized return of 0.37%, while SPY has yielded a comparatively higher 12.67% annualized return.
MALOX
4.87%
5.77%
0.87%
2.75%
2.47%
0.37%
SPY
0.56%
8.99%
-0.98%
13.71%
17.23%
12.67%
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MALOX vs. SPY - Expense Ratio Comparison
MALOX has a 0.81% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
MALOX vs. SPY — Risk-Adjusted Performance Rank
MALOX
SPY
MALOX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Allocation Fund (MALOX) 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.
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Dividends
MALOX vs. SPY - Dividend Comparison
MALOX's dividend yield for the trailing twelve months is around 7.32%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MALOX BlackRock Global Allocation Fund | 7.32% | 7.68% | 1.54% | 6.01% | 9.97% | 7.44% | 5.68% | 5.50% | 4.81% | 2.10% | 9.86% | 10.07% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
MALOX vs. SPY - Drawdown Comparison
The maximum MALOX drawdown since its inception was -34.53%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MALOX and SPY. For additional features, visit the drawdowns tool.
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Volatility
MALOX vs. SPY - Volatility Comparison
The current volatility for BlackRock Global Allocation Fund (MALOX) is 2.53%, while SPDR S&P 500 ETF (SPY) has a volatility of 6.24%. This indicates that MALOX 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.
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