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Investment horizon:

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S&P 500 vs BlackRock Municipal Income Inv

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Daily Returns (%)

GSPC

XBAFX

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Assuming 30 trading days horizon, S&P 500 is expected to generate 2.47 times more return on investment than BlackRock. However, SP 500 is 2.47 times more volatile than BlackRock Municipal Income Inve. It trades about -0.1 of its potential returns per unit of risk. BlackRock Municipal Income Inve is currently generating about -0.88 per unit of risk. If you would invest 166,916 in S&P 500 on May 19, 2013 and sell it today you would lose (3,012) from holding S&P 500 or give up 1.8% of portfolio value over 30 days.

Diversification

Modest diversification

Overlapping area represents amount of risk that can be diversified away by holding S&P 500 and BlackRock Municipal Income Inv in the same portfolio assuming nothing else is changed

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Correlation Coefficient

0.24

Parameters

Time Period	1 Month [change]
Direction	Positive
Strength	Very Weak
Accuracy	100.0%
Values	Daily Returns

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Predicted Return Density

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Returns

GSPC

XBAFX

S&P 500

Profile

SP 500

Performance

0	Out Of 100

Over 30

Days

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BlackRock Municipal Income Inve

Alpha

Profile

BlackRock

Performance

0	Out Of 100

Over 30

Days

Over the last 30 days BlackRock Municipal Income Inve has generated negative risk-adjusted returns adding no value to investors with long positions.

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Match-ups for BlackRock

PIMCO Total Return Instl vs. BlackRock Municipal Income Inve

PIMCO Total Return B vs. BlackRock Municipal Income Inve

PIMCO Total Return Admin vs. BlackRock Municipal Income Inve

PIMCO Total Return C vs. BlackRock Municipal Income Inve

PIMCO Total Return D vs. BlackRock Municipal Income Inve

PIMCO Total Return R vs. BlackRock Municipal Income Inve

PIMCO Total Return A vs. BlackRock Municipal Income Inve

PIMCO Total Return P vs. BlackRock Municipal Income Inve

Vanguard Total Stock Mkt Idx Adm vs. BlackRock Municipal Income Inve

Vanguard Total Stock Mkt Idx Signal vs. BlackRock Municipal Income Inve

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