STSEX vs. ^GSPC
Compare and contrast key facts about BlackRock Exchange Portfolio (STSEX) and S&P 500 (^GSPC).
STSEX is managed by Blackrock. It was launched on Dec 17, 1976.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: STSEX or ^GSPC.
Key characteristics
| STSEX | ^GSPC | |
|---|---|---|
| YTD Return | 18.35% | 17.79% |
| 1Y Return | 25.97% | 26.42% |
| 3Y Return (Ann) | 13.24% | 8.24% |
| 5Y Return (Ann) | 16.09% | 13.48% |
| 10Y Return (Ann) | 11.99% | 10.85% |
| Sharpe Ratio | 2.47 | 2.06 |
| Daily Std Dev | 10.46% | 12.69% |
| Max Drawdown | -49.89% | -56.78% |
| Current Drawdown | -0.60% | -0.86% |
Correlation
The correlation between STSEX and ^GSPC is 0.94, 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
STSEX vs. ^GSPC - Performance Comparison
The year-to-date returns for both stocks are quite close, with STSEX having a 18.35% return and ^GSPC slightly lower at 17.79%. Over the past 10 years, STSEX has outperformed ^GSPC with an annualized return of 11.99%, while ^GSPC has yielded a comparatively lower 10.85% 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
STSEX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Exchange Portfolio (STSEX) and S&P 500 (^GSPC). 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.
Drawdowns
STSEX vs. ^GSPC - Drawdown Comparison
The maximum STSEX drawdown since its inception was -49.89%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for STSEX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
STSEX vs. ^GSPC - Volatility Comparison
The current volatility for BlackRock Exchange Portfolio (STSEX) is 2.77%, while S&P 500 (^GSPC) has a volatility of 3.99%. This indicates that STSEX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.