BALI vs SPY
Comparison between BlackRock Advantage Large Cap Income ETF (BALI, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
BALI vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BALI
$1.10B
Winner
SPY
$735B
Expense Ratio
BALI
0.35%
Winner
SPY
0.09%
Max Drawdown
Winner
BALI
18.92%
SPY
56.47%
Sharpe Ratio
Winner
BALI
2.18
SPY
2.03
5Y Beta
Winner
BALI
0.82
SPY
1.00
P/E Ratio
Winner
BALI
25.03
SPY
28.55
Forward P/E
Winner
BALI
20.15
SPY
22.00
5Y Dividends CAGR
BALI
N/A
SPY
5.43%
5Y EPS CAGR
Winner
BALI
25.82%
SPY
25.29%
Debt to Equity
Winner
BALI
-15.37%
SPY
22.22%
P/S Ratio
Winner
BALI
2.88
SPY
3.63
P/B Ratio
Winner
BALI
5.08
SPY
5.45
BALI vs SPY - Holdings Comparison
BALI and SPY have 118 common holdings. Overlap is 51.73%
BALI's top 25 holdings weight is 84.67%. SPY's top 25 holdings weight is 51.71%.
| Rank | BALI | SPY |
|---|---|---|
| #1 | CASH OFFSET (n/a) - 32.99% | NVIDIA CORP (NVDA) - 7.68% |
| #2 | NVIDIA CORP (NVDA) - 7.05% | APPLE INC (AAPL) - 6.71% |
| #3 | APPLE INC (AAPL) - 5.79% | MICROSOFT CORP (MSFT) - 4.91% |
| #4 | MICROSOFT CORP (MSFT) - 5.30% | AMAZON.COM INC (AMZN) - 4.30% |
| #5 | AMAZON.COM INC (AMZN) - 4.01% | ALPHABET INC CLASS A (GOOGL) - 3.64% |
| #6 | ALPHABET INC CLASS A (GOOGL) - 3.08% | BROADCOM INC (AVGO) - 3.26% |
| #7 | ALPHABET INC CLASS C (GOOG) - 2.48% | ALPHABET INC CLASS C (GOOG) - 2.89% |
| #8 | BROADCOM INC (AVGO) - 2.40% | META PLATFORMS INC CLASS A (META) - 2.13% |
| #9 | JOHNSON & JOHNSON (JNJ) - 1.99% | TESLA INC (TSLA) - 1.76% |
| #10 | META PLATFORMS INC CLASS A (META) - 1.86% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #11 | COSTCO WHOLESALE CORP (COST) - 1.45% | JPMORGAN CHASE & CO (JPM) - 1.34% |
| #12 | CHEVRON CORP (CVX) - 1.37% | ELI LILLY AND CO (LLY) - 1.26% |
| #13 | EXXON MOBIL CORP (XOM) - 1.35% | MICRON TECHNOLOGY INC (MU) - 1.16% |
| #14 | TESLA INC (TSLA) - 1.31% | EXXON MOBIL CORP (XOM) - 1.04% |
| #15 | TJX COMPANIES INC (TJX) - 1.28% | ADVANCED MICRO DEVICES INC (AMD) - 0.93% |
| #16 | WALMART INC (WMT) - 1.27% | WALMART INC (WMT) - 0.92% |
| #17 | LAM RESEARCH CORP (LRCX) - 1.26% | VISA INC CLASS A (V) - 0.87% |
| #18 | BLACKROCK CASH FUNDS TREASURY SL AGENCY (n/a) - 1.18% | JOHNSON & JOHNSON (JNJ) - 0.87% |
| #19 | PROCTER & GAMBLE CO (PG) - 1.14% | INTEL CORP (INTC) - 0.82% |
| #20 | CARDINAL HEALTH INC (CAH) - 1.07% | COSTCO WHOLESALE CORP (COST) - 0.73% |
| #21 | JPMORGAN CHASE & CO (JPM) - 1.05% | CATERPILLAR INC (CAT) - 0.68% |
| #22 | VISA INC CLASS A (V) - 1.04% | MASTERCARD INC CLASS A (MA) - 0.65% |
| #23 | CME GROUP INC CLASS A (CME) - 1.01% | NETFLIX INC (NFLX) - 0.60% |
| #24 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 0.98% | CISCO SYSTEMS INC (CSCO) - 0.60% |
| #25 | CHARLES SCHWAB CORP (SCHW) - 0.96% | ABBVIE INC (ABBV) - 0.59% |
| Total Holdings | 201 | 505 |
BALI vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
BALI
+6.70%
Winner
SPY
+8.81%
3M
BALI
+6.31%
Winner
SPY
+7.14%
6M
Winner
BALI
+9.51%
SPY
+8.86%
1Y
BALI
+26.11%
Winner
SPY
+28.27%
5Y(CAGR)
BALI
N/A
SPY
+13.84%
10Y(CAGR)
BALI
N/A
SPY
+15.48%
Max(CAGR)
Winner
BALI
+21.61%
SPY
+8.50%
BALI vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | BALI | SPY |
|---|---|---|
| 2026 | +8.72% | +8.52% |
| 2025 | +14.52% | +18.00% |
| 2024 | +22.61% | +25.59% |
| 2023 | +9.51% | +26.72% |
| 2022 | N/A | -18.64% |
| 2021 | N/A | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
BALI vs SPY Drawdown Comparison
The maximum drawdown for BALI was -16.62%, occurring on Apr 8, 2025. Recovery took 139 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current BALI drawdown is -0.06%.
| Rank | BALI | SPY |
|---|---|---|
| #1 | -16.62% Dec 5, 2024 - Jun 30, 2025 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -7.74% Jul 16, 2024 - Sep 19, 2024 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -6.71% Feb 25, 2026 - Apr 14, 2026 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -5.26% Oct 16, 2023 - Nov 7, 2023 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -4.79% Mar 28, 2024 - May 14, 2024 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -3.64% Nov 11, 2025 - Nov 28, 2025 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -2.77% Oct 8, 2025 - Oct 27, 2025 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -2.24% Jul 25, 2025 - Aug 8, 2025 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -2.16% Feb 2, 2026 - Feb 25, 2026 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -2.13% Oct 18, 2024 - Nov 6, 2024 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -2.07% Dec 11, 2025 - Dec 23, 2025 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -2.03% Nov 11, 2024 - Nov 26, 2024 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -1.96% Jan 12, 2026 - Jan 26, 2026 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -1.68% May 21, 2024 - Jun 5, 2024 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -1.55% Oct 29, 2025 - Nov 11, 2025 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between BALI and SPY is 1.00 which considered as a very strong positive correlation - the stocks move almost identically together.
1.00
-101
Dividend Comparison (1999 - 2026)
BALI vs SPY dividend yield comparison.
| Year | BALI | SPY |
|---|---|---|
| 2026 | 2.82% | 0.24% |
| 2025 | 8.51% | 1.07% |
| 2024 | 7.13% | 1.21% |
| 2023 | 2.13% | 1.40% |
| 2022 | 0.00% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.00% | 1.52% |
| 2019 | 0.00% | 1.75% |
| 2018 | 0.00% | 2.04% |
| 2017 | 0.00% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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