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BLX vs SPY

Comparison between Banco Latinoamericano De Comercio Exterior SA - Class E (BLX, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceBLX has outperformed SPY, delivering a return of +39.9% compared to +13.4%

BLX vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Market Cap / Net Assets
BLX
$2.25B
Winner
SPY
$784B
Expense Ratio
BLX
N/A
SPY
0.09%
Max Drawdown
BLX
94.52%
Winner
SPY
56.47%
Sharpe Ratio
Winner
BLX
1.77
SPY
1.56
5Y Beta
Winner
BLX
0.75
SPY
1.00
Industry
BLX
Banks - Regional
SPY
N/A
P/E Ratio
Winner
BLX
21.07
SPY
28.29
Forward P/E
Winner
BLX
8.38
SPY
21.75
PEG Ratio
BLX
0.83
SPY
N/A
Dividend Yield
BLX
4.34%
SPY
N/A
5Y Dividends CAGR
Winner
BLX
34.08%
SPY
5.43%
5Y EPS CAGR
BLX
N/A
SPY
25.98%
Debt to Equity
BLX
93.22%
Winner
SPY
30.79%
Free Cash Flow Yield
BLX
-5.44%
SPY
N/A
P/S Ratio
BLX
6.62
Winner
SPY
3.79
P/B Ratio
Winner
BLX
1.24
SPY
5.67

BLX vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
Winner
BLX
+14.91%
SPY
+0.48%
3M
Winner
BLX
+27.63%
SPY
+11.67%
6M
Winner
BLX
+37.72%
SPY
+9.42%
1Y
Winner
BLX
+53.18%
SPY
+24.27%
5Y(CAGR)
Winner
BLX
+39.91%
SPY
+13.36%
10Y(CAGR)
Winner
BLX
+15.70%
SPY
+15.42%
Max(CAGR)
Winner
BLX
+9.59%
SPY
+8.49%

BLX vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearBLXSPY
2026+41.75%+8.88%
2025+33.13%+18.00%
2024+52.58%+25.59%
2023+60.01%+26.72%
2022+3.22%-18.64%
2021+13.43%+30.52%
2020-20.13%+17.28%
2019+32.99%+31.09%
2018-32.02%-5.24%
2017-5.08%+20.78%
2016+24.25%+13.59%
2015-10.07%+1.31%
2014+16.01%+14.56%
2013+32.96%+29.00%
2012+40.44%+14.17%
2011-9.92%+0.85%
2010+36.64%+13.14%
2009-0.25%+22.67%
2008-7.25%-36.25%
2007+2.29%+5.32%
2006+1.26%+13.85%
2005+5.73%+5.32%
2004+17.75%+10.75%
2003+287.70%+24.18%
2002-84.58%-22.42%
2001-12.63%-10.13%
2000+49.03%-8.84%
1999-0.76%+8.61%

BLX vs SPY Drawdown Comparison

The maximum drawdown for BLX was -94.35%, occurring on Sep 30, 2002. Recovery took 2698 trading sessions.

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

The current SPY drawdown is -2.35%.

RankBLXSPY
#1-94.35%
Jun 20, 2001 - Mar 13, 2012		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-68.53%
Dec 18, 2017 - Jun 14, 2023		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-36.74%
Apr 2, 2015 - Oct 2, 2017		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-22.52%
Feb 9, 2000 - Jun 29, 2000		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-20.98%
Feb 28, 2025 - May 27, 2025		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-19.92%
Nov 4, 2014 - Apr 1, 2015		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-17.41%
Aug 7, 2023 - Nov 14, 2023		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-16.62%
Jul 23, 2024 - Oct 10, 2024		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-15.69%
Nov 18, 1999 - Jan 14, 2000		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-13.86%
Sep 11, 2014 - Nov 4, 2014		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-13.58%
Sep 8, 2000 - Dec 6, 2000		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-12.86%
Apr 27, 2012 - Jul 2, 2012		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-12.62%
Jan 8, 2024 - Feb 23, 2024		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-12.42%
Sep 11, 2025 - Jan 27, 2026		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-12.36%
Dec 26, 2013 - Jun 5, 2014		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between BLX and SPY is 0.89 which considered as a strong positive correlation - the stocks tend to move together.

0.89
-101

Dividend Comparison (1999 - 2026)

BLX vs SPY dividend yield comparison.

YearBLXSPY
20262.27%0.24%
20255.61%1.07%
20245.62%1.21%
20234.04%1.40%
20226.17%1.65%
20216.02%1.20%
20207.17%1.52%
20197.20%1.75%
20188.90%2.04%
20175.72%1.80%
20165.23%2.03%
20154.96%2.06%
20145.93%1.87%
20134.28%1.81%
20124.87%2.18%
20114.98%2.05%
20103.36%1.80%
20094.82%1.95%
20086.13%3.02%
20075.20%1.85%
200610.10%1.73%
200514.21%1.73%
20046.77%1.82%
20030.00%1.47%
20020.00%1.70%
20016.70%1.25%
20000.00%1.15%
19990.00%0.24%

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