Asset Comparison and Correlation
|S&P 500 vs BlackRock New York Municipal I|
Assuming 30 trading days horizon, S&P 500 is expected to generate 0.99 times more return on investment than BlackRock. However, S&P 500 is 1.01 times less risky than BlackRock. It trades about -0.05 of its potential returns per unit of risk. BlackRock New York Municipal Income Trust II is currently generating about -0.55 per unit of risk. If you would invest 166,916 in S&P 500 on May 20, 2013 and sell it today you would lose (1,735) from holding S&P 500 or give up 1.04% of portfolio value over 30 days.
Match-ups for SP 500
Over the last 30 days BlackRock New York Municipal Income Trust II has generated negative risk-adjusted returns adding no value to investors with long positions.
Match-ups for BlackRock