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Relative Intelligence · Asset Management

How BlackRock (BLK) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on BLK alone. It places BLK (BlackRock, Inc.) against 20+ popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where BLK stands in the market, and of the alternatives worth a closer look.

Period covered: BLK's full trading record, from October 1999 through September 2026. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

Rank the market against BLK →Chart BLK vs. 23 alternatives →
On this page12 sections

Key findings

How much would $10,000 in BLK have grown?

This chart tracks a hypothetical $10,000 investment in BLK over the past 26 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of BLK over the same span and BLK's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.

Choose a period

From the end of September 2000 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 99 of the 1,261 stocks and funds worth at least $500 million that traded the whole period ended ahead of BLK; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$1,000$10,000$100,000$1M$10M2000200420082012201620202024$1,000$10,000$100,000$1M$10M2000200720142021
  • MNST$15M+146,863% total · +32.4% a year
  • GWW$720,936+7,109% total · +17.9% a year
  • GILD$636,955+6,270% total · +17.3% a year
  • CSX$599,833+5,898% total · +17.1% a year
  • PGR$590,360+5,804% total · +17.0% a year
  • BLK$562,061+5,521% total · +16.8% a year
  • WT$261,339+2,513% total · +13.4% a year
  • AMG$99,489+895% total · +9.2% a year
  • SPY (S&P 500)$84,332+743% total · +8.5% a year
  • STT$44,136+341% total · +5.9% a year
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From the end of September 2021 to the end of September 2026. Hover over a fund in the key to pick out its line. 1,703 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of BLK; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$0$10,000$20,000$30,000$40,000$50,000202120222023202420252026$0$10,000$20,000$30,000$40,000$50,000202120222023202420252026
  • WT$46,089+361% total · +35.7% a year
  • VCTR$36,954+270% total · +29.9% a year
  • BNY$31,954+220% total · +26.2% a year
  • AMG$24,224+142% total · +19.4% a year
  • STT$23,984+140% total · +19.1% a year
  • FHI$20,892+109% total · +15.9% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
  • SEIC$18,496+85.0% total · +13.1% a year
  • CME$16,716+67.2% total · +10.8% a year
  • BLK$14,247+42.5% total · +7.3% a year
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BLK at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

The company

Market value
$175B
Industry
Asset Management
Price history from
October 1999

Returns

Past 1 year
−0.6%total return
Past 3 years
+96.3%+25.2% a year
Past 5 years
+41.1%+7.1% a year
Past 10 years
+313%+15.2% a year
Best calendar year
+144%2000
Worst calendar year
−37.0%2008
Losing years
8 of 26full calendar years

Risk

Volatility
27.1%typical yearly swing, 5 years
Sharpe ratio
0.39return per unit of risk, 5 years
Worst decline ever
−60.4%Aug 2008 to Mar 2009
From its all-time high
−4.1%below the peak

BLK against the whole market

Where BLK ranks among every stock and fund, and what across the market has done better.

How does BLK rank among all stocks?

This section ranks BLK on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how BLK stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.

MeasureBLKRankStanding
1-year return−0.6%2,009 of 3,287bottom 40%
3-year return+96.3%951 of 3,017top 32%
5-year return+41.1%1,198 of 2,893top 41%
10-year return+313%552 of 2,202top 25%
Volatility, 5 years27.1%484 of 2,893top 17%
Sharpe ratio, 5 years0.391,255 of 2,893top 43%
Worst decline, past 10 years−43.9%258 of 2,187top 12%

What has beaten BLK on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). BLK sits where the dashed lines cross. Anything in the green box above and to the left earned more than BLK with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to BLK; faint dots are 88 more of the 574 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

0.0%5.0%10.0%15.0%20.0%25.0%30.0%35.0%0.0%5.0%10.0%15.0%20.0%25.0%30.0%35.0%40.0%45.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than BLKSCHG: +13.1% a year, volatility 22.4%RSPT: +16.9% a year, volatility 25.1%MCK: +38.7% a year, volatility 25.0%GILD: +22.8% a year, volatility 24.9%COR: +24.2% a year, volatility 22.8%NXTG: +16.2% a year, volatility 19.1%SPMO: +18.7% a year, volatility 20.8%TRV: +22.4% a year, volatility 22.3%DGX: +12.3% a year, volatility 22.5%COST: +17.4% a year, volatility 22.9%EWT: +20.4% a year, volatility 24.2%LIN: +11.5% a year, volatility 20.9%FLTW: +21.8% a year, volatility 24.3%PGR: +21.3% a year, volatility 25.6%GARP: +17.5% a year, volatility 22.5%DIVB: +13.9% a year, volatility 15.4%WM: +9.3% a year, volatility 19.2%ABBV: +26.1% a year, volatility 23.4%DXJ: +26.6% a year, volatility 19.1%MA: +12.4% a year, volatility 23.8%PM: +21.0% a year, volatility 23.4%IOO: +15.7% a year, volatility 17.2%WELL: +26.0% a year, volatility 23.8%WMT: +20.8% a year, volatility 22.6%BRK-B: +13.4% a year, volatility 17.1%MO: +17.8% a year, volatility 21.4%TDIV: +16.2% a year, volatility 21.3%JNJ: +12.7% a year, volatility 17.9%E: +23.0% a year, volatility 25.6%MFC: +22.6% a year, volatility 24.0%LVHI: +17.0% a year, volatility 11.1%GWW: +26.3% a year, volatility 24.9%KO: +14.7% a year, volatility 16.8%VXUS: +8.2% a year, volatility 16.4%CTAS: +16.5% a year, volatility 23.1%PWB: +14.8% a year, volatility 22.2%NVS: +17.1% a year, volatility 20.7%CCEP: +19.7% a year, volatility 23.2%VTV: +12.1% a year, volatility 13.7%CSX: +8.3% a year, volatility 23.3%AMGN: +19.6% a year, volatility 24.9%VEA: +9.3% a year, volatility 16.9%IX: +17.9% a year, volatility 25.4%GLD: +17.7% a year, volatility 18.9%WRB: +18.9% a year, volatility 22.9%PTNQ: +9.7% a year, volatility 14.1%PAA: +27.0% a year, volatility 25.6%EQL: +13.5% a year, volatility 14.5%VIG: +10.4% a year, volatility 14.1%RPRX: +13.3% a year, volatility 23.8%SCHD: +9.7% a year, volatility 14.3%MNST: +17.2% a year, volatility 24.9%LMT: +11.1% a year, volatility 24.2%VT: +10.3% a year, volatility 16.2%SO: +11.3% a year, volatility 18.8%DFAC: +11.4% a year, volatility 17.0%PJUL: +10.5% a year, volatility 8.6%GSK: +9.5% a year, volatility 24.5%FJAN: +11.1% a year, volatility 10.5%AEP: +12.4% a year, volatility 20.2%VLUE: +15.9% a year, volatility 18.4%AIZ: +13.3% a year, volatility 25.3%MSGS: +18.4% a year, volatility 25.6%DYNF: +14.7% a year, volatility 17.5%BNS: +12.9% a year, volatility 19.9%QUAL: +11.4% a year, volatility 17.3%THG: +14.4% a year, volatility 22.9%ED: +12.0% a year, volatility 18.8%XLV: +8.4% a year, volatility 15.3%ATO: +14.9% a year, volatility 18.4%DFIV: +14.8% a year, volatility 16.4%AVLV: +14.0% a year, volatility 16.9%HDV: +12.9% a year, volatility 13.0%NI: +15.1% a year, volatility 20.3%DFAT: +9.6% a year, volatility 21.0%FTS: +8.4% a year, volatility 16.4%AVEM: +9.3% a year, volatility 19.5%SPHQ: +12.0% a year, volatility 16.7%DTM: +24.5% a year, volatility 25.2%COWZ: +11.4% a year, volatility 17.7%BUFR: +9.9% a year, volatility 10.5%ADP: +9.0% a year, volatility 22.9%RWL: +13.7% a year, volatility 14.4%EVRG: +9.5% a year, volatility 18.9%BBJP: +9.3% a year, volatility 18.6%ORLY: +15.9% a year, volatility 23.4%DBEF: +13.1% a year, volatility 13.8%ETR: +19.2% a year, volatility 22.4%BLK: +7.1% a year, volatility 27.1%SPY (S&P 500): +12.7% a year, volatility 17.1%CME: +11.2% a year, volatility 20.8%SEIC: +12.7% a year, volatility 22.3%BNY: +22.7% a year, volatility 24.4%FHI: +15.1% a year, volatility 24.6%STT: +14.4% a year, volatility 29.9%MS: +16.0% a year, volatility 28.8%TD: +15.8% a year, volatility 20.0%CBOE: +21.5% a year, volatility 25.1%RY: +17.3% a year, volatility 18.2%BMO: +13.6% a year, volatility 21.4%MUFG: +33.2% a year, volatility 29.4%NDAQ: +8.9% a year, volatility 24.7%V: +12.8% a year, volatility 22.9%QQQ: +14.5% a year, volatility 23.0%VV: +12.3% a year, volatility 17.3%RSG: +13.9% a year, volatility 18.5%MSI: +14.8% a year, volatility 23.6%FAST: +15.8% a year, volatility 24.6%MSFT: +12.5% a year, volatility 28.2%BALT: +6.3% a year, volatility 3.3%CAH: +42.1% a year, volatility 24.7%BLKSPY (S&P 500)SEICBNYFHISTTMSTDCBOERYMUFGNDAQQQQVVMSIMSFTBALTCAH0.0%10.0%20.0%30.0%40.0%0.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than BLKSCHG: +13.1% a year, volatility 22.4%RSPT: +16.9% a year, volatility 25.1%MCK: +38.7% a year, volatility 25.0%GILD: +22.8% a year, volatility 24.9%COR: +24.2% a year, volatility 22.8%NXTG: +16.2% a year, volatility 19.1%SPMO: +18.7% a year, volatility 20.8%TRV: +22.4% a year, volatility 22.3%DGX: +12.3% a year, volatility 22.5%COST: +17.4% a year, volatility 22.9%EWT: +20.4% a year, volatility 24.2%LIN: +11.5% a year, volatility 20.9%FLTW: +21.8% a year, volatility 24.3%PGR: +21.3% a year, volatility 25.6%GARP: +17.5% a year, volatility 22.5%DIVB: +13.9% a year, volatility 15.4%WM: +9.3% a year, volatility 19.2%ABBV: +26.1% a year, volatility 23.4%DXJ: +26.6% a year, volatility 19.1%MA: +12.4% a year, volatility 23.8%PM: +21.0% a year, volatility 23.4%IOO: +15.7% a year, volatility 17.2%WELL: +26.0% a year, volatility 23.8%WMT: +20.8% a year, volatility 22.6%BRK-B: +13.4% a year, volatility 17.1%MO: +17.8% a year, volatility 21.4%TDIV: +16.2% a year, volatility 21.3%JNJ: +12.7% a year, volatility 17.9%E: +23.0% a year, volatility 25.6%MFC: +22.6% a year, volatility 24.0%LVHI: +17.0% a year, volatility 11.1%GWW: +26.3% a year, volatility 24.9%KO: +14.7% a year, volatility 16.8%VXUS: +8.2% a year, volatility 16.4%CTAS: +16.5% a year, volatility 23.1%PWB: +14.8% a year, volatility 22.2%NVS: +17.1% a year, volatility 20.7%CCEP: +19.7% a year, volatility 23.2%VTV: +12.1% a year, volatility 13.7%CSX: +8.3% a year, volatility 23.3%AMGN: +19.6% a year, volatility 24.9%VEA: +9.3% a year, volatility 16.9%IX: +17.9% a year, volatility 25.4%GLD: +17.7% a year, volatility 18.9%WRB: +18.9% a year, volatility 22.9%PTNQ: +9.7% a year, volatility 14.1%PAA: +27.0% a year, volatility 25.6%EQL: +13.5% a year, volatility 14.5%VIG: +10.4% a year, volatility 14.1%RPRX: +13.3% a year, volatility 23.8%SCHD: +9.7% a year, volatility 14.3%MNST: +17.2% a year, volatility 24.9%LMT: +11.1% a year, volatility 24.2%VT: +10.3% a year, volatility 16.2%SO: +11.3% a year, volatility 18.8%DFAC: +11.4% a year, volatility 17.0%PJUL: +10.5% a year, volatility 8.6%GSK: +9.5% a year, volatility 24.5%FJAN: +11.1% a year, volatility 10.5%AEP: +12.4% a year, volatility 20.2%VLUE: +15.9% a year, volatility 18.4%AIZ: +13.3% a year, volatility 25.3%MSGS: +18.4% a year, volatility 25.6%DYNF: +14.7% a year, volatility 17.5%BNS: +12.9% a year, volatility 19.9%QUAL: +11.4% a year, volatility 17.3%THG: +14.4% a year, volatility 22.9%ED: +12.0% a year, volatility 18.8%XLV: +8.4% a year, volatility 15.3%ATO: +14.9% a year, volatility 18.4%DFIV: +14.8% a year, volatility 16.4%AVLV: +14.0% a year, volatility 16.9%HDV: +12.9% a year, volatility 13.0%NI: +15.1% a year, volatility 20.3%DFAT: +9.6% a year, volatility 21.0%FTS: +8.4% a year, volatility 16.4%AVEM: +9.3% a year, volatility 19.5%SPHQ: +12.0% a year, volatility 16.7%DTM: +24.5% a year, volatility 25.2%COWZ: +11.4% a year, volatility 17.7%BUFR: +9.9% a year, volatility 10.5%ADP: +9.0% a year, volatility 22.9%RWL: +13.7% a year, volatility 14.4%EVRG: +9.5% a year, volatility 18.9%BBJP: +9.3% a year, volatility 18.6%ORLY: +15.9% a year, volatility 23.4%DBEF: +13.1% a year, volatility 13.8%ETR: +19.2% a year, volatility 22.4%BLK: +7.1% a year, volatility 27.1%SPY (S&P 500): +12.7% a year, volatility 17.1%CME: +11.2% a year, volatility 20.8%SEIC: +12.7% a year, volatility 22.3%BNY: +22.7% a year, volatility 24.4%FHI: +15.1% a year, volatility 24.6%STT: +14.4% a year, volatility 29.9%MS: +16.0% a year, volatility 28.8%TD: +15.8% a year, volatility 20.0%CBOE: +21.5% a year, volatility 25.1%RY: +17.3% a year, volatility 18.2%BMO: +13.6% a year, volatility 21.4%MUFG: +33.2% a year, volatility 29.4%NDAQ: +8.9% a year, volatility 24.7%V: +12.8% a year, volatility 22.9%QQQ: +14.5% a year, volatility 23.0%VV: +12.3% a year, volatility 17.3%RSG: +13.9% a year, volatility 18.5%MSI: +14.8% a year, volatility 23.6%FAST: +15.8% a year, volatility 24.6%MSFT: +12.5% a year, volatility 28.2%BALT: +6.3% a year, volatility 3.3%CAH: +42.1% a year, volatility 24.7%BLKSPY (S&P 500)BNYFHISTTTDCBOERYMUFGNDAQVVBALTCAH
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region

Is there a better investment than BLK?

Investments that beat BLK over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat BLK over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks BLK's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than BLK follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than BLK's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× BLK's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than BLK's.

Screen the whole market against BLK for any period in BetterThanSPYOpen these 21 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years10Y returntotalCorr. with BLK?lower diversifies moreExpenseper year
BLKBlackRock, Inc. · this page
+7.1%27.1%0.39−43.9%+313%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.7%17.1%0.79−33.7%+321%0.790.09%
Popular alternativesbest 6 shownThe investments people most often weigh against BLK. 9 of 23 passed at least one test.
CMECME Group Inc. · Capital Markets
Higher return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+11.2%20.8%0.62−37.4%+319%0.30—
SEICSEI Investments Company · Asset Management
Higher return, lower volatilityHigher return in most periods+12.7%22.3%0.65−51.8%+168%0.82—
BNYBank of New York Mellon Corp · Banks
Higher return, lower volatility+22.7%24.4%0.97−50.5%+341%0.73—
FHIFederated Hermes, Inc. · Asset Management
Higher return, lower volatility+15.1%24.6%0.70−64.9%+214%0.56—
STTState Street Corporation · Banks
Higher return in most periods+14.4%29.9%0.60−59.6%+212%0.80—
MSMorgan Stanley · Capital Markets
Higher return, similar volatility+16.0%28.8%0.66−51.3%+627%0.67—
Same and neighboring categories, and shared themesbest 6 shownEverything else in Asset Management and the categories next to it (Banks, Investment Banking & Brokerage, Alternative Asset Management, Capital Markets), plus BLK's specific themes. 35 of 112 passed at least one test.
TDThe Toronto-Dominion Bank · Banks
Higher return, lower volatilityHigher return in most periodsSmaller losses in recent crashes+15.8%20.0%0.84−42.0%+310%0.51—
CBOECboe Global Markets, Inc. · Capital Markets
Higher return, lower volatilityHigher return in most periodsSmaller losses in recent crashes+21.5%25.1%0.91−43.2%+463%0.39—
RYRoyal Bank of Canada · Banks
On the frontierHigher return, lower volatilityHigher return in most periods+17.3%18.2%0.97−40.0%+352%0.53—
BMOBank of Montreal · Banks
Higher return, lower volatilityHigher return in most periods+13.6%21.4%0.71−51.0%+295%0.58—
MUFGMitsubishi UFJ Financial Group, Inc. · Banks
Higher return, similar volatilityHigher return in most periods+33.2%29.4%1.13−54.9%+483%0.35—
NDAQNasdaq, Inc. · Capital Markets
Higher return, lower volatilitySmaller losses in recent crashes+8.9%24.7%0.47−38.3%+407%0.70—
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 973 of 3,498 passed at least one test.
VVisa Inc. · Payment Processing
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+12.8%22.9%0.64−36.4%+429%0.53—
QQQInvesco QQQ Trust, Series 1 · US Large-Cap Growth
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+14.5%23.0%0.71−35.1%+553%0.620.18%
VVVanguard Morningstar Large-Cap ETF · US Large-Cap Equity
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+12.3%17.3%0.76−34.3%+324%0.790.03%
RSGRepublic Services, Inc. · Environmental Services
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+13.9%18.5%0.80−34.0%+446%0.24—
MSIMotorola Solutions, Inc. · Communications Equipment
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+14.8%23.6%0.71−32.8%+625%0.59—
FASTFastenal Company · Industrial Distribution
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+15.8%24.6%0.72−30.7%+576%0.45—
MSFTMicrosoft Corporation · Software
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+12.5%28.2%0.56−37.1%+946%0.56—
BALTInnovator Defined Wealth Shield ETF · Crypto
On the frontierSimilar return, lower volatilityHigher Sharpe, smaller worst decline+6.3%3.3%1.85−4.9%—0.730.69%
What these numbers mean for BLK
Annual return
BLK returned 7.1% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $14,100. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
BLK's volatility over the past 5 years was 27.1%, 1.6 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, BLK's return lands within 27.1% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
BLK's Sharpe ratio over the past 5 years was 0.39, against 0.79 for the S&P 500, so BLK earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
BLK's worst fall from a peak to a low over the past 10 years was 43.9%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 43.9% fall takes a 78.3% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, BLK's monthly returns had a correlation of 0.79 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against BLK instead: the lower it is, the more that option would diversify a BLK holding. Guide: Correlation and diversification →
Show all 574 stocks and funds worth at least $500 million that earned more than BLK with less volatility

Out of 3,633 tested over 5 years. The strongest 100 are listed, best first, with funds that hold the same thing listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with BLKExpense
1
VVisa Inc. · Payment Processing
Whole market+12.8%22.9%0.64−36.4%+429%0.53—
2
QQQInvesco QQQ Trust, Series 1 · US Large-Cap Growth
Whole market+14.5%23.0%0.71−35.1%+553%0.620.18%
3
VVVanguard Morningstar Large-Cap ETF · US Large-Cap Equity
Whole market+12.3%17.3%0.76−34.3%+324%0.790.03%
4
RSGRepublic Services, Inc. · Environmental Services
Whole market+13.9%18.5%0.80−34.0%+446%0.24—
5
MSIMotorola Solutions, Inc. · Communications Equipment
Whole market+14.8%23.6%0.71−32.8%+625%0.59—
6
FASTFastenal Company · Industrial Distribution
Whole market+15.8%24.6%0.72−30.7%+576%0.45—
7
SCHGSchwab U.S. Large-Cap Growth ETF · US Large-Cap Growth
Whole market+13.1%22.4%0.67−34.5%+451%0.700.04%
8
RSPTInvesco S&P 500 Equal Weight Technology ETF · Technology Equity
Whole market+16.9%25.1%0.75−33.7%+572%0.640.40%
9
MCKMcKesson Corporation · Health Care Distribution
Whole market+38.7%25.0%1.44−38.1%+586%0.14—
10
GILDGilead Sciences, Inc. · Biotechnology
Whole market+22.8%24.9%0.95−30.5%+200%0.31—
11
CORCencora, Inc. · Health Care Distribution
Whole market+24.2%22.8%1.07−32.4%+406%0.38—
12
NXTGFirst Trust Indxx NextG ETF · Technology
Whole market+16.2%19.1%0.89−33.6%+330%0.570.70%
13
SPMOInvesco S&P 500 Momentum ETF · US Momentum Equity
Whole market+18.7%20.8%0.93−30.9%+499%0.560.13%
14
TRVThe Travelers Companies, Inc. · Property & Casualty Insurance
Whole market+22.4%22.3%1.02−46.3%+347%0.41—
15
DGXQuest Diagnostics Incorporated · Medical Diagnostics
Whole market+12.3%22.5%0.63−36.6%+243%0.37—
16
COSTCostco Wholesale Corporation · Discount Retail
Whole market+17.4%22.9%0.82−31.4%+685%0.39—
17
EWTiShares MSCI Taiwan ETF · International Equity
Whole market+20.4%24.2%0.89−38.9%+468%0.450.59%
18
CAHCardinal Health, Inc. · Health Care Distribution
Whole market+42.1%24.7%1.55−46.1%+349%0.16—
19
LINLinde plc · Chemicals
Whole market+11.5%20.9%0.63−32.6%+394%0.48—
20
FLTWFranklin FTSE Taiwan ETF · Technology
Whole market+21.8%24.3%0.94−38.0%—0.440.19%
21
PGRThe Progressive Corporation · Property & Casualty Insurance
Whole market+21.3%25.6%0.89−30.3%+816%0.11—
22
GARPiShares MSCI USA Quality GARP ETF · Broad Market
Whole market+17.5%22.5%0.83−31.4%—0.650.15%
23
TDThe Toronto-Dominion Bank · Banks
Same or nearby category+15.8%20.0%0.84−42.0%+310%0.51—
24
DIVBiShares Core Dividend ETF · Dividend & Income
Whole market+13.9%15.4%0.93−36.9%—0.810.05%
25
WMWaste Management, Inc. · Environmental Services
Whole market+9.3%19.2%0.56−30.1%+344%0.24—
26
CBOECboe Global Markets, Inc. · Capital Markets
Same or nearby category+21.5%25.1%0.91−43.2%+463%0.39—
27
ABBVAbbVie Inc. · Pharmaceuticals
Whole market+26.1%23.4%1.11−45.1%+603%0.16—
28
RYRoyal Bank of Canada · Banks
Same or nearby category+17.3%18.2%0.97−40.0%+352%0.53—
29
DXJWisdomTree Japan Hedged Equity Fund · International Equity
Whole market+26.6%19.1%1.34−39.1%+428%0.300.48%
30
MAMastercard Incorporated · Payment Processing
Whole market+12.4%23.8%0.61−41.0%+541%0.55—
31
PMPhilip Morris International Inc. · Tobacco
Whole market+21.0%23.4%0.94−42.9%+242%0.28—
32
IOOiShares Global 100 ETF · Global Equity
Whole market+15.7%17.2%0.94−31.4%+361%0.750.40%
33
WELLWelltower Inc. · Healthcare REITs
Whole market+26.0%23.8%1.09−63.3%+379%0.33—
34
WMTWalmart Inc. · Discount Retail
Whole market+20.8%22.6%0.96−25.7%+508%0.24—
35
BRK-BBerkshire Hathaway Inc. · Insurance
Whole market+13.4%17.1%0.82−29.6%+274%0.36—
36
MOAltria Group, Inc. · Tobacco
Whole market+17.8%21.4%0.88−53.7%+140%0.25—
37
TDIVFirst Trust NASDAQ Technology Dividend Index Fund · Technology Equity
Whole market+16.2%21.3%0.81−32.0%+388%0.670.50%
38
JNJJohnson & Johnson · Pharmaceuticals
Whole market+12.7%17.9%0.76−27.4%+196%0.16—
39
EEni S.p.A. · Integrated Oil & Gas
Whole market+23.0%25.6%0.94−61.4%+278%0.39—
40
CMECME Group Inc. · Capital Markets
Popular alternative+11.2%20.8%0.62−37.4%+319%0.30—
41
MFCManulife Financial Corporation · Life Insurance
Whole market+22.6%24.0%0.97−57.5%+373%0.55—
42
LVHIFranklin International Low Volatility High Dividend Index ETF · International Equity
Whole market+17.0%11.1%1.48−32.4%+194%0.540.40%
43
GWWW.W. Grainger, Inc. · Industrial Distribution
Whole market+26.3%24.9%1.07−41.6%+654%0.47—
44
KOThe Coca-Cola Company · Food & Beverages
Whole market+14.7%16.8%0.91−37.0%+204%0.23—
45
VXUSVanguard Total International Stock ETF · International Equity
Whole market+8.2%16.4%0.57−36.0%+140%0.700.05%
46
CTASCintas Corporation · Business Services
Whole market+16.5%23.1%0.78−48.4%+808%0.62—
47
PWBInvesco Large Cap Growth ETF · Broad Market
Whole market+14.8%22.2%0.74−32.4%+409%0.620.55%
48
NVSNovartis AG · Pharmaceuticals
Whole market+17.1%20.7%0.87−26.8%+226%0.27—
49
CCEPCoca-Cola Europacific Partners PLC · Food & Beverages
Whole market+19.7%23.2%0.90−48.8%+292%0.32—
50
VTVVanguard Morningstar Value ETF · US Large-Cap Value
Whole market+12.1%13.7%0.90−36.8%+235%0.750.03%
51
CSXCSX Corporation · Railroads
Whole market+8.3%23.3%0.46−40.5%+446%0.64—
52
AMGNAmgen Inc. · Biotechnology
Whole market+19.6%24.9%0.85−24.9%+266%0.26—
53
VEAVanguard FTSE Developed Markets ETF · Developed International Equity
Whole market+9.3%16.9%0.61−35.8%+153%0.700.03%
54
IXORIX Corporation · Diversified Financials
Whole market+17.9%25.4%0.78−42.5%+284%0.49—
55
GLDSPDR Gold Shares · Gold
Whole market+17.7%18.9%0.96−26.4%+213%0.250.40%
56
WRBW. R. Berkley Corporation · Property & Casualty Insurance
Whole market+18.9%22.9%0.87−45.3%+443%0.19—
57
PTNQPacer Trendpilot 100 ETF · Technology
Whole market+9.7%14.1%0.73−28.1%+305%0.440.65%
58
PAAPlains All American Pipeline, L.P. · Oil & Gas Midstream
Whole market+27.0%25.6%1.06−87.9%+64.0%0.38—
59
EQLALPS Equal Sector Weight ETF · Broad Market
Whole market+13.5%14.5%0.94−34.2%+387%0.800.19%
60
VIGVanguard Dividend Appreciation ETF · US Dividend Equity
Whole market+10.4%14.1%0.78−31.7%+258%0.790.04%
61
RPRXRoyalty Pharma plc · Pharmaceuticals
Whole market+13.3%23.8%0.65−49.7%—0.21—
62
SCHDSchwab U.S. Dividend Equity ETF · US Dividend Equity
Whole market+9.7%14.3%0.72−33.4%+252%0.740.06%
63
MNSTMonster Beverage Corporation · Food & Beverages
Whole market+17.2%24.9%0.77−30.4%+285%0.23—
64
LMTLockheed Martin Corporation · Aerospace & Defense
Whole market+11.1%24.2%0.56−36.7%+204%0.20—
65
VTVanguard Total World Stock ETF · Global Equity
Whole market+10.3%16.2%0.69−34.2%+223%0.800.06%
66
SOThe Southern Company · Electric Utilities
Whole market+11.3%18.8%0.67−38.4%+170%0.25—
67
DFACDimensional - US Core Equity 2 ETF · US Total Market
Whole market+11.4%17.0%0.72−23.1%—0.810.21%
68
PJULInnovator U.S. Equity Power Buffer ETF · Broad Market
Whole market+10.5%8.6%1.20−18.2%—0.770.79%
69
GSKGSK plc · Pharmaceuticals
Whole market+9.5%24.5%0.49−37.6%+95.1%0.12—
70
FJANFT Vest U.S. Equity Buffer ETF - January · Multi-Asset
Whole market+11.1%10.5%1.05−13.6%—0.790.85%
71
AEPAmerican Electric Power Company, Inc. · Electric Utilities
Whole market+12.4%20.2%0.68−32.9%+185%0.31—
72
VLUEiShares MSCI USA Value Factor ETF · US Large-Cap Value
Whole market+15.9%18.4%0.90−39.5%+286%0.620.15%
73
AIZAssurant, Inc. · Property & Casualty Insurance
Whole market+13.3%25.3%0.62−44.6%+312%0.30—
74
MSGSMadison Square Garden Sports Corp. · Entertainment
Whole market+18.4%25.6%0.79−41.6%+432%0.41—
75
BMOBank of Montreal · Banks
Same or nearby category+13.6%21.4%0.71−51.0%+295%0.58—
76
DYNFiShares U.S. Equity Factor Rotation Active ETF · US Multifactor Equity
Whole market+14.7%17.5%0.87−34.7%—0.780.26%
77
BNSThe Bank of Nova Scotia · Banks
Same or nearby category+12.9%19.9%0.71−46.9%+187%0.63—
78
QUALiShares MSCI USA Quality Factor ETF · US Quality Equity
Whole market+11.4%17.3%0.71−34.1%+293%0.760.15%
79
THGThe Hanover Insurance Group, Inc. · Property & Casualty Insurance
Whole market+14.4%22.9%0.70−40.1%+291%0.17—
80
EDConsolidated Edison, Inc. · Electric Utilities
Whole market+12.0%18.8%0.70−30.9%+114%0.26—
81
XLVState Street Health Care Select Sector SPDR ETF · Health Care Equity
Whole market+8.4%15.3%0.60−28.4%+202%0.470.08%
82
ATOAtmos Energy Corporation · Gas Utilities
Whole market+14.9%18.4%0.85−32.9%+194%0.42—
83
DFIVDimensional - International Value ETF · International Equity
Whole market+14.8%16.4%0.93−25.4%—0.670.27%
84
AVLVAvantis U.S. Large Cap Value ETF · US Large-Cap Value
Whole market+14.0%16.9%0.86−19.5%—0.770.15%
85
HDViShares Core High Dividend ETF · US Dividend Equity
Whole market+12.9%13.0%1.00−37.0%+172%0.620.08%
86
NINiSource Inc · Gas Utilities
Whole market+15.1%20.3%0.80−30.9%+158%0.39—
87
DFATDimensional - US Targeted Value ETF · US Small-Cap Equity
Whole market+9.6%21.0%0.54−26.1%—0.720.33%
88
FTSFortis Inc. · Electric Utilities
Whole market+8.4%16.4%0.58−34.3%+154%0.34—
89
AVEMAvantis Emerging Markets Equity ETF · Emerging Markets Equity
Whole market+9.3%19.5%0.56−36.0%—0.540.33%
90
SPHQInvesco S&P 500 Quality ETF · US Quality Equity
Whole market+12.0%16.7%0.76−31.6%+300%0.650.20%
91
DTMDT Midstream, Inc. · Oil & Gas Midstream
Whole market+24.5%25.2%1.00−23.6%—0.41—
92
COWZPacer US Cash Cows 100 ETF · US Large-Cap Value
Whole market+11.4%17.7%0.70−38.7%—0.700.49%
93
BUFRFT Vest Laddered Buffer ETF · Buffered Equity
Whole market+9.9%10.5%0.96−13.7%—0.810.10%
94
ADPAutomatic Data Processing, Inc. · Business Services
Whole market+9.0%22.9%0.49−40.8%+320%0.62—
95
RWLInvesco S&P 500 Revenue ETF · US Large-Cap Equity
Whole market+13.7%14.4%0.97−36.1%+287%0.780.39%
96
EVRGEvergy, Inc. · Electric Utilities
Whole market+9.5%18.9%0.57−38.8%+109%0.40—
97
BBJPJPMorgan BetaBuilders Japan ETF · International Equity
Whole market+9.3%18.6%0.57−32.7%—0.580.19%
98
ORLYO'Reilly Automotive, Inc. · Specialty Retail
Whole market+15.9%23.4%0.75−42.0%+393%0.40—
99
DBEFXtrackers MSCI EAFE Hedged Equity ETF · International Equity
Whole market+13.1%13.8%0.96−32.5%+206%0.620.35%
100
ETREntergy Corporation · Electric Utilities
Whole market+19.2%22.4%0.90−42.0%+311%0.35—

BLK against its popular alternatives

The investments people most often weigh against BLK, compared period by period and year by year.

How do BLK's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at BLK, which divides the map into what did better or worse on each measure.

Green points earned more than BLK with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

15.0%20.0%25.0%30.0%35.0%40.0%−10.0%0.0%10.0%20.0%30.0%40.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityBLK: 7.1% a year, volatility 27.1%SPY (S&P 500): 12.7% a year, volatility 17.1%SEIC: 12.7% a year, volatility 22.3%BNY: 22.7% a year, volatility 24.4%FHI: 15.1% a year, volatility 24.6%CME: 11.2% a year, volatility 20.8%IVZ: 6.9% a year, volatility 36.4%KKR: 5.7% a year, volatility 39.8%BX: 0.4% a year, volatility 39.8%BEN: 5.6% a year, volatility 31.7%CNS: −1.4% a year, volatility 30.5%TROW: −8.9% a year, volatility 30.5%AB: 0.0% a year, volatility 27.6%SCHW: 3.6% a year, volatility 31.9%APAM: 0.9% a year, volatility 31.1%AMG: 18.8% a year, volatility 31.9%VCTR: 28.1% a year, volatility 35.0%STT: 14.4% a year, volatility 29.9%WT: 31.4% a year, volatility 32.8%MS: 16.0% a year, volatility 28.8%NTRS: 8.9% a year, volatility 29.3%ARES: 11.4% a year, volatility 38.2%APO: 10.5% a year, volatility 37.3%ICE: 5.4% a year, volatility 21.8%SPGI: 0.7% a year, volatility 25.6%BLKSPY (S&P 500)SEICBNYFHICMEIVZKKRBXBENCNSTROWABSCHWAPAMAMGVCTRSTTWTMSNTRSARESAPOICESPGI15.0%20.0%25.0%30.0%35.0%40.0%−10.0%0.0%10.0%20.0%30.0%40.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityBLK: 7.1% a year, volatility 27.1%SPY (S&P 500): 12.7% a year, volatility 17.1%SEIC: 12.7% a year, volatility 22.3%BNY: 22.7% a year, volatility 24.4%FHI: 15.1% a year, volatility 24.6%CME: 11.2% a year, volatility 20.8%IVZ: 6.9% a year, volatility 36.4%KKR: 5.7% a year, volatility 39.8%BX: 0.4% a year, volatility 39.8%BEN: 5.6% a year, volatility 31.7%CNS: −1.4% a year, volatility 30.5%TROW: −8.9% a year, volatility 30.5%AB: 0.0% a year, volatility 27.6%SCHW: 3.6% a year, volatility 31.9%APAM: 0.9% a year, volatility 31.1%AMG: 18.8% a year, volatility 31.9%VCTR: 28.1% a year, volatility 35.0%STT: 14.4% a year, volatility 29.9%WT: 31.4% a year, volatility 32.8%MS: 16.0% a year, volatility 28.8%NTRS: 8.9% a year, volatility 29.3%ARES: 11.4% a year, volatility 38.2%APO: 10.5% a year, volatility 37.3%ICE: 5.4% a year, volatility 21.8%SPGI: 0.7% a year, volatility 25.6%BLKSPY (S&P 500)BNYFHIIVZBXBENCNSTROWABSCHWAPAMAMGVCTRSTTWTNTRSARESAPOICESPGI
All figures
InvestmentAnnual returnVolatility
WT WisdomTree, Inc.+31.4%32.8%
VCTR Victory Capital Holdings, Inc.+28.1%35.0%
BNY Bank of New York Mellon Corp+22.7%24.4%
AMG Affiliated Managers Group, Inc.+18.8%31.9%
MS Morgan Stanley+16.0%28.8%
FHI Federated Hermes, Inc.+15.1%24.6%
STT State Street Corporation+14.4%29.9%
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
SEIC SEI Investments Company+12.7%22.3%
ARES Ares Management Corporation+11.4%38.2%
CME CME Group Inc.+11.2%20.8%
APO Apollo Global Management, Inc.+10.5%37.3%
NTRS Northern Trust Corporation+8.9%29.3%
BLK This pageBlackRock, Inc.+7.1%27.1%
IVZ Invesco Ltd.+6.9%36.4%
KKR KKR & Co. Inc.+5.7%39.8%
BEN Franklin Resources, Inc.+5.6%31.7%
ICE Intercontinental Exchange, Inc.+5.4%21.8%
SCHW The Charles Schwab Corporation+3.6%31.9%
APAM Artisan Partners Asset Management Inc.+0.9%31.1%
SPGI S&P Global Inc.+0.7%25.6%
BX Blackstone Inc.+0.4%39.8%
AB AllianceBernstein Holding L.P.0.0%27.6%
CNS Cohen & Steers, Inc.−1.4%30.5%
TROW T. Rowe Price Group, Inc.−8.9%30.5%
Open these 25 in EasyCompare

Has BLK consistently beaten its popular alternatives?

This section compares BLK with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than BLK helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than BLK over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5Y10YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
BLK BlackRock, Inc. (this page)—+3.5%+7.6%+8.8%+5.7%−0.6%+96.3%+41.1%+313%27.1%0.39−43.9%—$175B—
AMG QualifiedAffiliated Managers Group, Inc.4/5 short2/3 long+6.6%+6.2%+29.2%+34.6%+59.9%+214%+137%+185%31.9%0.70−78.5%—$10B—
VCTR QualifiedVictory Capital Holdings, Inc.4/5 short2/3 long+0.6%+10.9%+47.0%+72.1%+69.8%+305%+245%—35.0%0.89−45.2%—$6.7B—
STT QualifiedState Street Corporation3/5 short2/3 long−9.2%−8.3%+12.1%+31.3%+47.9%+181%+96.2%+212%29.9%0.60−59.6%—$46B—
WT QualifiedWisdomTree, Inc.3/5 short2/3 long−8.9%+6.9%+18.5%+73.6%+67.0%+230%+292%+174%32.8%1.00−84.0%—$3.3B—
SEIC QualifiedSEI Investments Company3/5 short2/3 long+1.7%+7.8%+32.4%+29.8%+32.7%+102%+81.6%+168%22.3%0.65−51.8%—$13B—
BNY Investment - Banking & Investment ServicesBank of New York Mellon Corp2/5 short3/3 long−6.3%−7.7%+7.4%+24.8%+35.3%+272%+179%+341%24.4%0.97−50.5%—$98B—
MS Financial - Capital MarketsMorgan Stanley1/5 short3/3 long−12.5%−14.0%−4.4%+0.8%+13.9%+170%+110%+627%28.8%0.66−51.3%—$285B—
FHI Asset ManagementFederated Hermes, Inc.2/5 short2/3 long−3.8%−3.1%−0.6%+9.0%+11.1%+101%+102%+214%24.6%0.70−64.9%—$4.2B—
NTRS Asset ManagementNorthern Trust Corporation2/5 short2/3 long−7.5%−9.1%+5.0%+20.6%+31.1%+180%+52.9%+205%29.3%0.44−50.0%—$30B—
ARES Asset ManagementAres Management Corporation0/5 short2/3 long−8.2%−3.1%−0.1%−27.7%−17.4%+24.9%+71.4%+926%38.2%0.48−49.9%—$38B—
APO Asset ManagementApollo Global Management, Inc.0/5 short2/3 long−13.0%−5.5%−11.9%−23.2%−9.7%+41.4%+64.9%+825%37.3%0.46−53.5%—$66B—
CME Financial - Data & Stock ExchangesCME Group Inc.4/5 short1/3 long+7.2%+21.0%+3.8%+13.2%+14.6%+57.7%+70.1%+319%20.8%0.62−37.4%—$106B—
IVZ Asset ManagementInvesco Ltd.3/5 short1/3 long−8.3%−2.3%+17.0%+9.3%+30.0%+158%+39.8%+50.9%36.4%0.37−79.8%—$13B—
KKR Asset ManagementKKR & Co. Inc.0/5 short1/3 long−11.5%−7.8%−13.8%−30.4%−25.2%+65.7%+31.8%+653%39.8%0.34−49.4%—$80B—
BX Asset ManagementBlackstone Inc.0/5 short1/3 long−12.7%−9.8%−12.8%−28.3%−28.4%+28.6%+2.1%+628%39.8%0.21−49.3%—$127B—
BEN Asset ManagementFranklin Resources, Inc.3/5 short0/3 long−6.2%−2.1%+14.9%+35.9%+44.8%+62.4%+31.5%+49.2%31.7%0.33−62.1%—$16B—
ICE Financial - Data & Stock ExchangesIntercontinental Exchange, Inc.2/5 short0/3 long+2.1%+12.4%−0.6%+0.1%+3.5%+52.4%+30.0%+240%21.8%0.35−34.3%—$89B—
CNS Asset ManagementCohen & Steers, Inc.2/5 short0/3 long−3.2%−12.0%+7.4%+16.5%+5.8%+53.3%−6.9%+195%30.5%0.10−55.1%—$3.7B—
SPGI Financial - Data & Stock ExchangesS&P Global Inc.1/5 short0/3 long+8.3%−2.1%−0.6%−13.9%−7.4%+28.2%+3.7%+293%25.6%0.16−39.8%—$129B—
TROW Asset ManagementT. Rowe Price Group, Inc.1/5 short0/3 long−2.4%−11.2%+6.7%+1.5%+3.1%+22.7%−37.4%+126%30.5%-0.16−58.2%—$22B—
AB Asset ManagementAllianceBernstein Holding L.P.0/5 short0/3 long−4.1%−6.1%−6.3%−3.5%−3.7%+56.6%−0.1%+281%27.6%0.14−58.1%—$3.2B—
SCHW Financial - Capital MarketsThe Charles Schwab Corporation0/5 short0/3 long−15.0%−11.1%−1.8%−9.6%−3.1%+86.2%+19.1%+221%31.9%0.27−51.1%—$157B—
APAM Asset ManagementArtisan Partners Asset Management Inc.0/5 short0/3 long−10.4%−12.7%−8.8%−14.1%−16.8%+26.9%+4.6%+200%31.1%0.18−51.1%—$2.3B—
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How did BLK do year by year?

This table shows each investment's total return in every full calendar year since 2000, along with where BLK ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with BLK and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Newest year first. Green marks a year in which the fund came out ahead of BLK; gray means the two finished within a fraction of a point. The rank row places BLK among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of BLK20252024202320222021202020192018201720162015201420132012201120102009200820072006200520042003200220012000
BLK This pageBlackRock, Inc.—+6.6%+29.3%+17.9%−20.4%+29.4%+47.2%+31.9%−21.6%+38.2%+14.6%−2.4%+15.7%+57.0%+19.8%−3.6%−15.9%+76.6%−37.0%+45.1%+41.8%+42.4%+47.6%+35.9%−5.5%−0.7%+144%
Rank among alternativesTop quarter in 7 of 2614 of 2413 of 2413 of 2413 of 2419 of 242 of 2412 of 2413 of 239 of 2310 of 2310 of 238 of 2211 of 2114 of 217 of 2020 of 206 of 203 of 203 of 188 of 183 of 173 of 168 of 164 of 155 of 152 of 15
SPY S&P 500State Street SPDR S&P 500 ETF7 of 26+17.7%+24.9%+26.2%−18.2%+28.7%+18.3%+31.2%−4.6%+21.7%+12.0%+1.2%+13.5%+32.3%+16.0%+1.9%+15.1%+26.4%−36.8%+5.1%+15.9%+4.8%+10.7%+28.2%−21.6%−11.7%−9.8%
AMG Affiliated Managers Group, Inc.9 of 26+55.9%+22.2%−4.4%−3.7%+61.8%+20.5%−11.8%−52.1%+41.9%−9.0%−24.7%−2.1%+66.6%+35.6%−3.3%+47.3%+60.7%−64.3%+11.7%+31.0%+18.5%+46.0%+38.4%−28.6%+28.5%+35.7%
VCTR Victory Capital Holdings, Inc.4 of 7−0.8%+95.9%+33.5%−23.9%+49.7%+19.7%+106%———————————————————
STT State Street Corporation6 of 26+35.5%+30.2%+3.5%−13.8%+31.0%−4.8%+29.3%−34.0%+27.8%+19.8%−13.9%+8.7%+58.6%+19.2%−11.4%+6.6%+10.8%−50.7%+21.9%+23.2%+14.5%−4.4%+35.4%−24.5%−15.2%+71.1%
WT WisdomTree, Inc.12 of 26+17.3%+53.6%+29.4%−8.9%+16.5%+13.7%−25.9%−46.2%+16.5%−26.6%+2.8%−11.0%+189%+1.1%+46.0%+125%+163%−74.7%−64.3%+236%+33.3%+4,221%−69.2%+88.4%−83.0%−88.0%
SEIC SEI Investments Company10 of 26+0.6%+31.5%+10.6%−2.9%+7.4%−11.1%+43.4%−34.9%+46.2%−4.8%+32.1%+16.8%+50.8%+38.5%−26.0%+37.0%+13.2%−50.9%+8.3%+61.7%−11.2%+38.8%+12.4%−39.4%−19.3%+183%
BNY Bank of New York Mellon Corp12 of 26+54.4%+51.9%+18.5%−19.1%+40.6%−12.9%+9.6%−10.8%+15.7%+17.1%+3.3%+18.3%+38.6%+32.1%−32.8%+9.3%+0.9%−40.4%+20.0%+26.8%−1.2%+4.8%+45.2%−38.9%−23.4%+42.7%
MS Morgan Stanley12 of 26+45.2%+39.7%+13.9%−10.3%+46.6%+38.1%+32.7%−22.8%+26.6%+36.1%−16.7%+25.0%+65.4%+27.6%−43.9%−7.5%+88.3%−68.8%−22.1%+46.3%+4.6%−2.0%+48.4%−27.0%−28.1%+12.3%
FHI Federated Hermes, Inc.7 of 26+30.5%+29.6%−3.8%−0.1%+34.6%−3.8%+27.0%−23.4%+30.9%+6.5%−10.3%+18.4%+48.0%+50.2%−39.6%+4.0%+69.0%−57.6%+24.6%−6.9%+24.2%+5.0%+17.0%−19.9%+10.1%+119%
NTRS Northern Trust Corporation8 of 26+36.9%+25.6%−1.0%−23.8%+31.6%−9.3%+30.6%−14.7%+14.2%+26.1%+9.1%+11.1%+26.1%+29.9%−26.5%+8.1%+2.7%−30.8%+28.2%+19.1%+8.6%+6.7%+34.5%−40.9%−25.4%+55.1%
ARES Ares Management Corporation7 of 11−6.2%+52.7%+79.5%−12.7%+77.7%+37.3%+110%−5.6%+11.6%+56.5%−20.6%———————————————
APO Apollo Global Management, Inc.9 of 14−11.1%+79.9%+49.5%−9.6%+53.3%+8.0%+107%−22.0%+85.4%+37.3%−29.3%−15.9%+112%+54.6%————————————
CME CME Group Inc.11 of 23+19.8%+15.4%+31.3%−22.9%+29.5%−6.3%+9.7%+32.1%+32.4%+33.9%+4.4%+18.3%+64.0%+11.4%−22.7%−2.7%+64.3%−68.8%+35.3%+39.5%+61.8%+219%+67.5%———
IVZ Invesco Ltd.7 of 26+56.9%+3.0%+4.2%−18.7%+35.5%+3.0%+14.9%−52.0%+24.6%−5.9%−12.1%+11.5%+43.4%+33.4%−14.6%+4.8%+66.6%−52.6%+442%+72.6%+35.5%−6.8%+36.2%−52.8%−30.3%+101%
KKR KKR & Co. Inc.10 of 18−13.3%+79.6%+80.5%−37.0%+85.8%+41.1%+51.5%−4.3%+41.8%+3.4%−28.0%+4.0%+73.8%+25.6%−5.3%+70.4%+153%−81.3%————————
BX Blackstone Inc.9 of 18−7.8%+35.1%+82.8%−40.0%+107%+19.8%+96.3%+0.1%+27.4%−1.5%−5.0%+13.9%+114%+15.7%+3.4%+12.7%+117%−67.4%————————
BEN Franklin Resources, Inc.7 of 26+24.8%−27.2%+16.9%−17.5%+39.0%+1.4%−9.2%−23.4%+11.6%+9.8%−32.5%−2.3%+38.9%+35.2%−10.9%+6.5%+71.8%−43.7%+4.4%+17.8%+39.8%+34.6%+53.3%−2.5%−6.7%+19.6%
ICE Intercontinental Exchange, Inc.9 of 20+9.9%+17.5%+27.1%−23.9%+19.9%+26.2%+24.5%+8.1%+26.6%+11.5%+18.3%−1.3%+82.2%+2.7%+1.2%+6.1%+36.2%−57.2%+78.4%+197%——————
CNS Cohen & Steers, Inc.8 of 21−29.8%+25.5%+21.8%−28.0%+29.0%+23.4%+93.9%−19.7%+46.9%+14.9%−24.1%+9.8%+37.9%+13.6%+15.9%+27.9%+110%−62.1%−23.1%+119%+19.1%—————
SPGI S&P Global Inc.11 of 26+5.7%+13.9%+32.8%−28.4%+44.7%+21.4%+62.3%+1.4%+59.3%+10.5%+12.3%+15.5%+45.9%+30.1%+26.6%+12.0%+49.3%−45.5%−34.7%+33.5%+14.2%+33.0%+17.8%+0.8%+5.7%−3.2%
TROW T. Rowe Price Group, Inc.6 of 26−4.7%+9.7%+3.4%−42.2%+34.9%+28.1%+35.6%−9.8%+43.4%+8.5%−12.2%+4.7%+31.3%+18.1%−9.8%+23.8%+54.2%−40.6%+41.1%+23.0%+17.6%+33.2%+77.2%−19.8%−16.3%+15.8%
AB AllianceBernstein Holding L.P.10 of 26+13.4%+30.4%−2.3%−23.4%+56.3%+23.0%+19.9%+21.0%+16.9%+7.0%−1.1%+30.3%+31.2%+42.6%−39.4%−12.2%+44.2%−70.1%−1.2%+50.2%+42.7%+28.7%+16.1%−31.8%+0.9%+82.0%
SCHW The Charles Schwab Corporation10 of 26+36.6%+9.2%−16.0%+0.1%+60.2%+13.6%+16.4%−18.4%+31.1%+21.0%+9.9%+17.2%+83.3%+29.8%−33.1%−7.8%+18.1%−36.1%+40.0%+32.8%+23.5%+1.7%+9.5%−29.5%−45.4%+11.4%
APAM Artisan Partners Asset Management Inc.4 of 12+2.8%+4.9%+60.3%−31.3%+2.8%+71.0%+67.1%−38.2%+45.2%−10.1%−23.1%−17.1%——————————————
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Risk and diversification

How BLK has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were BLK's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents BLK's five deepest drawdowns since it began trading in 1999, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Green means BLK fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringBLK fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
2008 financial crisis−60.4%−45.6%Aug 2008Mar 20097 monthsOct 20097 months
2022 bear market−43.9%−22.5%Nov 2021Oct 202211 monthsSep 202423 months
Covid crash−42.4%−33.5%Feb 2020Mar 20201 monthJul 20204 months
2010 flash crash−41.9%−7.5%Jan 2010Aug 20107 monthsJan 20132.4 years
Late-2018 sell-off−37.5%−15.5%Jan 2018Dec 201811 monthsFeb 202014 months

How did BLK do in stock market crashes?

This section measures how far BLK, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than BLK.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
BLK This pageBlackRock, Inc.—−7.2%−40.8%−42.3%−25.2%−7.1%−19.9%−23.9%0.0%−60.4%−33.0%
SPY S&P 500State Street SPDR S&P 500 ETF8 of 10−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
AMG Affiliated Managers Group, Inc.1 of 10−12.8%−32.9%−49.1%−38.7%−9.0%−44.4%−31.8%−4.8%−85.9%−46.4%
VCTR Victory Capital Holdings, Inc.1 of 4−9.7%−36.2%−43.8%−28.1%——————
STT State Street Corporation0 of 10−14.6%−41.4%−45.1%−32.3%−8.3%−34.1%−28.3%−1.9%−82.3%−50.7%
WT WisdomTree, Inc.2 of 10−4.2%−26.7%−60.0%−26.7%−6.9%−59.2%−35.9%−3.5%−86.4%−99.5%
SEIC SEI Investments Company1 of 10−6.9%−24.7%−47.2%−31.1%−7.3%−38.4%−31.1%−2.8%−71.2%−69.0%
BNY Bank of New York Mellon Corp3 of 10−11.4%−40.5%−40.1%−16.2%−5.4%−27.0%−30.9%−0.5%−62.4%−62.6%
MS Morgan Stanley2 of 10−8.2%−32.4%−50.6%−24.6%−6.7%−43.9%−47.7%0.0%−86.2%−72.0%
FHI Federated Hermes, Inc.3 of 10−3.5%−26.9%−64.3%−11.9%−7.0%−30.9%−25.7%−0.1%−62.6%−32.8%
NTRS Northern Trust Corporation2 of 10−10.7%−36.0%−39.0%−27.2%−8.1%−29.9%−25.4%0.0%−60.5%−65.2%
ARES Ares Management Corporation1 of 6−12.7%−35.7%−44.1%−26.7%−6.9%−43.4%————
APO Apollo Global Management, Inc.1 of 7−17.9%−35.5%−48.9%−35.7%−10.8%−40.0%−44.2%———
CME CME Group Inc.7 of 9−3.4%−31.7%−37.4%−9.4%−4.3%−17.3%−18.0%−1.9%−77.5%—
IVZ Invesco Ltd.0 of 10−7.5%−43.4%−57.8%−34.4%−9.2%−33.1%−35.1%−3.6%−85.0%−82.0%
KKR KKR & Co. Inc.0 of 9−12.6%−41.7%−45.5%−33.5%−10.2%−51.3%−37.8%−2.2%−90.1%—
BX Blackstone Inc.2 of 9−12.3%−38.5%−42.6%−29.1%−4.2%−37.7%−35.6%−3.5%−84.9%—
BEN Franklin Resources, Inc.4 of 10−5.5%−39.2%−40.4%−19.0%−7.1%−29.3%−32.1%−2.5%−72.5%−40.3%
ICE Intercontinental Exchange, Inc.5 of 9−7.0%−33.8%−33.0%−13.3%−9.4%−12.7%−19.3%−2.0%−73.9%—
CNS Cohen & Steers, Inc.4 of 9−9.7%−38.9%−55.1%−14.7%−2.8%−16.7%−31.6%−1.8%−80.2%—
SPGI S&P Global Inc.7 of 10−4.2%−36.3%−38.1%−24.6%−6.2%−21.3%−20.8%−0.4%−66.4%−29.5%
TROW T. Rowe Price Group, Inc.3 of 10−6.8%−48.2%−38.0%−23.4%−7.2%−15.0%−23.4%−1.7%−67.4%−54.1%
AB AllianceBernstein Holding L.P.3 of 10−4.1%−32.5%−58.1%−23.3%−7.5%−40.9%−28.1%0.0%−87.5%−54.7%
SCHW The Charles Schwab Corporation3 of 10−31.9%−36.9%−41.5%−26.5%−8.2%−37.0%−28.9%−5.5%−56.0%−83.1%
APAM Artisan Partners Asset Management Inc.1 of 6−6.8%−39.4%−49.7%−38.0%−10.1%−46.5%————
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How closely does BLK move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares BLK with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.

Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than BLK's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
BLK This pageBlackRock, Inc.127%157%0.811.30
CME CME Group Inc.50%11%4.480.33
ARES Ares Management Corporation157%146%1.071.29
MS Morgan Stanley142%137%1.041.39
APO Apollo Global Management, Inc.166%168%0.991.58
SCHW The Charles Schwab Corporation89%90%0.990.91
BNY Bank of New York Mellon Corp115%120%0.961.08
ICE Intercontinental Exchange, Inc.88%94%0.940.84
BX Blackstone Inc.156%170%0.921.48
FHI Federated Hermes, Inc.85%93%0.910.90
AB AllianceBernstein Holding L.P.102%112%0.911.10
KKR KKR & Co. Inc.171%191%0.891.62
SPGI S&P Global Inc.107%125%0.851.04
NTRS Northern Trust Corporation111%136%0.821.18
STT State Street Corporation128%166%0.771.48
CNS Cohen & Steers, Inc.104%134%0.771.27
AMG Affiliated Managers Group, Inc.103%137%0.761.22
SEIC SEI Investments Company97%127%0.761.03
WT WisdomTree, Inc.133%185%0.721.48
APAM Artisan Partners Asset Management Inc.160%224%0.721.79
TROW T. Rowe Price Group, Inc.118%172%0.681.35
BEN Franklin Resources, Inc.102%170%0.601.39
IVZ Invesco Ltd.119%201%0.591.46
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What diversifies BLK?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with BLK's. Because such investments tend not to fall at the same time, pairing BLK with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which BLK lost money. The last two columns show a portfolio that is 80% BLK and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe2022201820152011201020082002200180/20 mix volatility80/20 mix annual return
BLK BlackRock, Inc. (this page)1.00+41.1%0.39−20.4%−21.6%−2.4%−3.6%−15.9%−37.0%−5.5%−0.7%27.8%+7.3%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.30+225%1.34+6.0%−19.8%+7.7%−16.1%−1.8%−20.8%——23.2%+11.6%
SMH TechnologyVanEck Semiconductor ETF0.46+323%0.97−33.5%−9.1%−0.3%+6.8%+19.0%−44.7%−47.0%−14.6%26.2%+13.7%
GLD CommoditiesSPDR Gold Shares0.25+126%0.96−0.8%−1.9%−10.7%+9.6%+29.3%+4.9%——23.3%+10.2%
XLE EnergyState Street Energy Select Sector SPDR ETF0.38+177%0.93+64.4%−18.2%−21.5%+2.8%+21.9%−39.0%−14.8%−18.2%24.7%+11.1%
EWT TechnologyiShares MSCI Taiwan ETF0.45+153%0.89−28.9%−9.9%−12.9%−21.8%+22.8%−45.3%−24.4%+2.1%25.0%+10.7%
AMLP EnergyAlerian MLP ETF0.43+111%0.89+25.5%−12.6%−25.7%+10.2%————24.1%+10.1%
DBMF AlternativesiMGP DBi Managed Futures Strategy ETF-0.37+59.7%0.82+21.6%———————21.5%+8.9%
DBA AlternativesInvesco DB Agriculture Fund0.19+66.4%0.81+2.5%−8.7%−17.2%−10.7%+22.4%−19.1%——22.8%+8.7%

Stocks

InvestmentCorrelation5Y returnSharpe2022201820152011201020082002200180/20 mix volatility80/20 mix annual return
BLK BlackRock, Inc. (this page)1.00+41.1%0.39−20.4%−21.6%−2.4%−3.6%−15.9%−37.0%−5.5%−0.7%27.8%+7.3%
CAH Medical - DistributionCardinal Health, Inc.0.16+479%1.55+54.1%−24.5%+12.6%+8.1%+21.4%−39.6%−8.3%−2.5%23.7%+14.0%
CLS Hardware, Equipment & PartsCelestica Inc.0.37+3,143%1.47+1.3%−16.3%−6.0%−24.4%+2.8%−20.5%−65.1%−25.6%28.7%+25.6%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.37+1,636%1.46+17.0%+0.8%+67.7%−17.0%+8.7%−15.2%−9.4%+73.7%26.9%+21.9%
MCK Medical - DistributionMcKesson Corporation0.14+413%1.44+51.8%−28.4%−4.5%+11.8%+13.8%−40.4%−27.2%+4.9%23.5%+13.4%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.23+690%1.41+86.6%−8.2%+17.4%—————24.6%+15.8%
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Common questions

What was BLK's worst drawdown?

BLK's deepest decline since it began trading in 1999 was 60.4%, from August 2008 to March 2009. It took seven months from the low to climb back to its old high.

What were BLK's best and worst years?

Over 26 full calendar years, BLK's best year was 2000, when it returned 144%. Its worst was 2008, with a return of -37.0%.

Is there a better investment than BLK?

Among BLK's popular alternatives, CME, SEIC and BNY earned more than BLK with less volatility over the past 5 years. CME returned 11.2% a year at 20.8% volatility, against 7.1% a year at 27.1%. Looking beyond its popular alternatives, TD (banks) and CBOE (capital markets) earned more than BLK with less volatility over the past 5 years. TD returned 15.8% a year at 20.0% volatility, against 7.1% a year at 27.1%.

Is BLK more volatile than the S&P 500?

Yes. BLK's volatility over the past 5 years was 27.1%, 1.6 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, BLK's return lands within 27.1% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is BLK's Sharpe ratio?

BLK's Sharpe ratio over the past 5 years was 0.39, against 0.79 for the S&P 500, so BLK earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is BLK with the S&P 500?

Over the past 5 years, BLK's monthly returns had a correlation of 0.79 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against BLK instead: the lower it is, the more that option would diversify a BLK holding.

What are the best alternatives to BLK?

Of the 23 popular alternatives we compared, five outperformed BLK in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: AMG, VCTR and STT.

Did BLK outperform the S&P 500?

BLK finished ahead of the S&P 500 (SPY) in 16 of 26 full calendar years. In 2025, it returned +6.6%, against +17.7% for the index.

How did BLK do in stock market crashes?

BLK fell less than the S&P 500 (SPY) in two of the ten major crashes it has traded through, and further in eight. The clearest case was the 2022 bear market, when BLK fell 40.8% and the S&P 500 fell 24.5%.

What diversifies BLK?

These had a low correlation with BLK over the past 5 years and still earned a positive 5-year return: among large ETFs, DXJ (correlation 0.30), SMH (correlation 0.46) and GLD (correlation 0.25); among large stocks, CAH (correlation 0.16), CLS (correlation 0.37) and FIX (correlation 0.37). A correlation near zero means the two have moved largely independently.

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