BDJ vs SPY

Comparison between BlackRock Enhanced Equity Dividend Trust (BDJ, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed BDJ, delivering a return of +13.3% compared to +7.3%

BDJ vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BDJ(ETF)	SPY(ETF)
Net Assets	$1.70B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	67.29%	56.47%
Sharpe Ratio	1.32	2.07
5Y Beta	0.68	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	8.87%	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

BDJ

$1.70B

Winner

SPY

$652B

Expense Ratio

BDJ

N/A

SPY

0.09%

Max Drawdown

BDJ

67.29%

Winner

SPY

56.47%

Sharpe Ratio

BDJ

1.32

Winner

SPY

2.07

5Y Beta

Winner

BDJ

0.68

SPY

1.00

P/E Ratio

BDJ

N/A

SPY

28.24

Forward P/E

BDJ

N/A

SPY

21.85

5Y Dividends CAGR

Winner

BDJ

8.87%

SPY

5.43%

5Y EPS CAGR

BDJ

N/A

SPY

25.79%

Debt to Equity

BDJ

N/A

SPY

22.35%

P/S Ratio

BDJ

N/A

SPY

3.55

P/B Ratio

BDJ

N/A

SPY

5.29

BDJ vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	BDJ	SPY
1 month	+2.69%	+9.11%
3 months	-3.61%	+6.59%
6 months	+8.44%	+10.56%
1 year	+19.93%	+32.04%
5 years(CAGR)	+7.33%	+13.35%
10 years(CAGR)	+10.50%	+15.49%
Max(CAGR)	+6.52%	+8.50%

BDJ

+2.69%

Winner

SPY

+9.11%

BDJ

-3.61%

Winner

SPY

+6.59%

BDJ

+8.44%

Winner

SPY

+10.56%

BDJ

+19.93%

Winner

SPY

+32.04%

5Y(CAGR)

BDJ

+7.33%

Winner

SPY

+13.35%

10Y(CAGR)

BDJ

+10.50%

Winner

SPY

+15.49%

Max(CAGR)

BDJ

+6.52%

Winner

SPY

+8.50%

BDJ vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	BDJ	SPY
2026	+0.64%	+8.27%
2025	+25.92%	+18.00%
2024	+16.11%	+25.59%
2023	-6.20%	+26.72%
2022	+0.16%	-18.64%
2021	+27.16%	+30.52%
2020	-7.56%	+17.28%
2019	+35.36%	+31.09%
2018	-10.32%	-5.24%
2017	+20.33%	+20.78%
2016	+17.28%	+13.59%
2015	+0.64%	+1.31%
2014	+9.46%	+14.56%
2013	+16.64%	+29.00%
2012	+9.89%	+14.17%
2011	-11.57%	+0.85%
2010	+9.95%	+13.14%
2009	+15.40%	+22.67%
2008	-17.55%	-36.25%
2007	-18.38%	+5.32%
2006	+28.04%	+13.85%
2005	-12.89%	+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%

BDJ vs SPY Drawdown Comparison

The maximum drawdown for BDJ was -59.48%, occurring on Mar 9, 2009. Recovery took 1557 trading sessions.

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

The current BDJ drawdown is -3.84%.

Rank	BDJ	SPY
#1	-59.48% May 11, 2007 - Jul 18, 2013	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-48.16% Dec 31, 2019 - Mar 9, 2021	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-22.47% Sep 20, 2018 - Jul 24, 2019	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-21.40% Feb 2, 2023 - Jul 10, 2024	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-18.36% Jan 12, 2022 - Jan 12, 2023	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-17.83% Sep 6, 2005 - Aug 2, 2006	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-16.25% May 14, 2015 - May 24, 2016	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-14.38% Feb 28, 2025 - Jun 25, 2025	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-12.27% Feb 26, 2026 - Mar 30, 2026	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-10.42% Jan 26, 2018 - Jul 31, 2018	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-9.75% Nov 18, 2024 - Feb 5, 2025	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-9.11% Jun 11, 2021 - Jan 12, 2022	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-7.94% Jul 23, 2014 - Oct 28, 2014	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-7.06% Aug 17, 2016 - Nov 16, 2016	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-5.63% Jul 31, 2024 - Aug 23, 2024	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between BDJ and SPY is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.

0.98

-101

Dividend Comparison (1999 - 2026)

BDJ vs SPY dividend yield comparison.

Year	BDJ	SPY
2026	2.69%	0.24%
2025	9.03%	1.07%
2024	8.21%	1.21%
2023	9.49%	1.40%
2022	12.18%	1.65%
2021	5.95%	1.20%
2020	7.08%	1.52%
2019	6.66%	1.75%
2018	7.21%	2.04%
2017	6.07%	1.80%
2016	6.88%	2.03%
2015	7.36%	2.06%
2014	6.90%	1.87%
2013	7.05%	1.81%
2012	9.05%	2.18%
2011	10.68%	2.05%
2010	11.26%	1.80%
2009	12.51%	1.95%
2008	13.44%	3.02%
2007	9.88%	1.85%
2006	8.67%	1.73%
2005	2.39%	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%