BCX vs SPY

Comparison between BlackRock Resources & Commodities Strategy Trust (BCX, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed BCX, delivering a return of +13.3% compared to +11.4%

BCX vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BCX(ETF)	SPY(ETF)
Net Assets	$1B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	82.29%	56.47%
Sharpe Ratio	2.05	2.07
5Y Beta	0.58	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	13.55%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

BCX

$1B

Winner

SPY

$652B

Expense Ratio

BCX

N/A

SPY

0.09%

Max Drawdown

BCX

82.29%

Winner

SPY

56.47%

Sharpe Ratio

BCX

2.05

Winner

SPY

2.07

5Y Beta

Winner

BCX

0.58

SPY

1.00

P/E Ratio

BCX

N/A

SPY

28.24

Forward P/E

BCX

N/A

SPY

21.85

5Y Dividends CAGR

Winner

BCX

13.55%

SPY

5.43%

5Y EPS CAGR

BCX

N/A

SPY

25.79%

Debt to Equity

BCX

N/A

SPY

22.35%

P/S Ratio

BCX

N/A

SPY

3.55

P/B Ratio

BCX

N/A

SPY

5.29

BCX vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	BCX	SPY
1 month	-0.65%	+9.11%
3 months	-3.14%	+6.59%
6 months	+26.96%	+10.56%
1 year	+46.53%	+32.04%
5 years(CAGR)	+11.40%	+13.35%
10 years(CAGR)	+12.89%	+15.49%
Max(CAGR)	+4.59%	+8.50%

BCX

-0.65%

Winner

SPY

+9.11%

BCX

-3.14%

Winner

SPY

+6.59%

Winner

BCX

+26.96%

SPY

+10.56%

Winner

BCX

+46.53%

SPY

+32.04%

5Y(CAGR)

BCX

+11.40%

Winner

SPY

+13.35%

10Y(CAGR)

BCX

+12.89%

Winner

SPY

+15.49%

Max(CAGR)

BCX

+4.59%

Winner

SPY

+8.50%

BCX vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	BCX	SPY
2026	+11.76%	+8.27%
2025	+37.92%	+18.00%
2024	+2.17%	+25.59%
2023	-2.90%	+26.72%
2022	+12.24%	-18.64%
2021	+32.34%	+30.52%
2020	-0.73%	+17.28%
2019	+20.21%	+31.09%
2018	-23.72%	-5.24%
2017	+25.52%	+20.78%
2016	+26.38%	+13.59%
2015	-20.37%	+1.31%
2014	-8.86%	+14.56%
2013	-3.69%	+29.00%
2012	+3.15%	+14.17%
2011	-28.96%	+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%

BCX vs SPY Drawdown Comparison

The maximum drawdown for BCX was -62.40%, occurring on Mar 18, 2020. Recovery took 2483 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current BCX drawdown is -9.16%.

Rank	BCX	SPY
#1	-62.40% Apr 7, 2011 - Feb 19, 2021	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-29.22% Apr 18, 2022 - May 27, 2025	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-16.16% Mar 2, 2026 - Mar 20, 2026	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-15.87% Jun 14, 2021 - Jan 11, 2022	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-9.00% Mar 10, 2022 - Mar 22, 2022	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-6.79% Mar 15, 2021 - Apr 30, 2021	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-6.16% Jan 18, 2022 - Feb 9, 2022	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-5.91% Jan 29, 2026 - Feb 10, 2026	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-5.53% Oct 1, 2025 - Nov 11, 2025	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-4.97% Nov 11, 2025 - Nov 26, 2025	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-4.54% May 10, 2021 - Jun 11, 2021	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-4.09% Mar 25, 2022 - Apr 14, 2022	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-4.09% Feb 11, 2026 - Feb 26, 2026	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-3.91% Feb 24, 2021 - Mar 2, 2021	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-3.51% Feb 11, 2022 - Feb 25, 2022	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between BCX and SPY is 0.88 which considered as a strong positive correlation - the stocks tend to move together.

0.88

-101

Dividend Comparison (1999 - 2026)

BCX vs SPY dividend yield comparison.

Year	BCX	SPY
2026	2.28%	0.24%
2025	7.62%	1.07%
2024	7.49%	1.21%
2023	7.00%	1.40%
2022	5.52%	1.65%
2021	5.13%	1.20%
2020	7.10%	1.52%
2019	7.67%	1.75%
2018	8.77%	2.04%
2017	6.19%	1.80%
2016	6.98%	2.03%
2015	11.38%	2.06%
2014	9.53%	1.87%
2013	9.50%	1.81%
2012	10.47%	2.18%
2011	7.91%	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%