BTZ vs SPY

Comparison between BlackRock Credit Allocation Income Trust (BTZ, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed BTZ, delivering a return of +13.3% compared to +1.6%

BTZ vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BTZ(ETF)	SPY(ETF)
Net Assets	$1B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	80.22%	56.47%
Sharpe Ratio	0.44	2.07
5Y Beta	0.34	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	1.61%	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

BTZ

$1B

Winner

SPY

$652B

Expense Ratio

BTZ

N/A

SPY

0.09%

Max Drawdown

BTZ

80.22%

Winner

SPY

56.47%

Sharpe Ratio

BTZ

0.44

Winner

SPY

2.07

5Y Beta

Winner

BTZ

0.34

SPY

1.00

P/E Ratio

BTZ

N/A

SPY

28.24

Forward P/E

BTZ

N/A

SPY

21.85

5Y Dividends CAGR

BTZ

1.61%

Winner

SPY

5.43%

5Y EPS CAGR

BTZ

N/A

SPY

25.79%

Debt to Equity

BTZ

N/A

SPY

22.35%

P/S Ratio

BTZ

N/A

SPY

3.55

P/B Ratio

BTZ

N/A

SPY

5.29

BTZ vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	BTZ	SPY
1 month	+1.89%	+9.11%
3 months	-1.37%	+6.59%
6 months	-1.60%	+10.56%
1 year	+7.85%	+32.04%
5 years(CAGR)	+1.61%	+13.35%
10 years(CAGR)	+5.94%	+15.49%
Max(CAGR)	+3.94%	+8.50%

BTZ

+1.89%

Winner

SPY

+9.11%

BTZ

-1.37%

Winner

SPY

+6.59%

BTZ

-1.60%

Winner

SPY

+10.56%

BTZ

+7.85%

Winner

SPY

+32.04%

5Y(CAGR)

BTZ

+1.61%

Winner

SPY

+13.35%

10Y(CAGR)

BTZ

+5.94%

Winner

SPY

+15.49%

Max(CAGR)

BTZ

+3.94%

Winner

SPY

+8.50%

BTZ vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	BTZ	SPY
2026	-0.96%	+8.27%
2025	+13.25%	+18.00%
2024	+10.85%	+25.59%
2023	+11.05%	+26.72%
2022	-26.17%	-18.64%
2021	+9.80%	+30.52%
2020	+13.19%	+17.28%
2019	+32.44%	+31.09%
2018	-9.09%	-5.24%
2017	+8.26%	+20.78%
2016	+13.40%	+13.59%
2015	+2.09%	+1.31%
2014	+6.14%	+14.56%
2013	+0.98%	+29.00%
2012	+20.64%	+14.17%
2011	+7.44%	+0.85%
2010	+15.42%	+13.14%
2009	+52.40%	+22.67%
2008	-44.69%	-36.25%
2007	-25.00%	+5.32%
2006	+0.20%	+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%

BTZ vs SPY Drawdown Comparison

The maximum drawdown for BTZ was -74.54%, occurring on Mar 9, 2009. Recovery took 1449 trading sessions.

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

The current BTZ drawdown is -2.92%.

Rank	BTZ	SPY
#1	-74.54% Dec 26, 2006 - Sep 26, 2012	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-35.34% Feb 7, 2020 - Aug 3, 2020	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-34.63% Jul 13, 2021 - Jul 31, 2025	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-13.35% Apr 30, 2013 - Mar 3, 2014	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-12.13% Oct 2, 2017 - Mar 25, 2019	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-9.74% Aug 31, 2016 - Feb 28, 2017	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-9.71% Apr 28, 2015 - Apr 13, 2016	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-9.29% Oct 31, 2025 - Mar 27, 2026	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-6.02% Feb 11, 2021 - May 6, 2021	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-4.56% Nov 2, 2012 - Jan 10, 2013	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-3.99% Aug 7, 2020 - Nov 11, 2020	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-3.92% Feb 28, 2017 - Apr 3, 2017	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-3.53% Oct 23, 2014 - Jan 16, 2015	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-3.35% Jul 14, 2014 - Oct 23, 2014	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-2.45% Jan 18, 2013 - Apr 5, 2013	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between BTZ and SPY is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.

0.93

-101

Dividend Comparison (1999 - 2026)

BTZ vs SPY dividend yield comparison.

Year	BTZ	SPY
2026	3.25%	0.24%
2025	9.30%	1.07%
2024	9.63%	1.21%
2023	9.76%	1.40%
2022	9.14%	1.65%
2021	6.69%	1.20%
2020	6.84%	1.52%
2019	6.23%	1.75%
2018	7.19%	2.04%
2017	6.25%	1.80%
2016	6.90%	2.03%
2015	7.83%	2.06%
2014	7.48%	1.87%
2013	7.27%	1.81%
2012	7.13%	2.18%
2011	7.09%	2.05%
2010	8.36%	1.80%
2009	11.60%	1.95%
2008	19.94%	3.02%
2007	10.95%	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%