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Backed CSPX Core S&P 500 vs BlackRock USD Institutional Digital Liquidity Fund

BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is 79.4× the size of Backed CSPX Core S&P 500 (BCSPX) by market capitalisation. Over the past 30 days, BUIDL is ahead by 18.5 percentage points (BCSPX -18.5% against BUIDL +0.0%). Both have run at a similar volatility, around 37% annualised.

Size ratio
1 : 79.4
Ahead over 30 days
BUIDL
Backed CSPX Core S&P 500BCSPX

$679.3400

24h
+0.38%
Market cap
$25.05M
Volume 24h
$1
Volatility (ann.)
75%
BlackRock USD Institutional Digital Liquidity FundBUIDL

$1.0000

24h
+0.00%
Market cap
$1.99B
Volume 24h
—
Volatility (ann.)
0%
BCSPX 1.2%Share of the two combined market caps98.8% BUIDL

Performance

BCSPXBUIDL

  1. 7 days-11.23%+0.00%BUIDL
  2. 30 days-18.47%+0.00%BUIDL

Risk & extremes

MetricBCSPXBUIDL
Max drawdown (400d)-21.9%0.0%
Risk-adjusted return (90d)-0.24—

Relative strength over 90 days: BUIDL outperformed BCSPX by 18.0% — measured on the BCSPX/BUIDL ratio, so it holds regardless of market direction.

Backed CSPX Core S&P 500 →BlackRock USD Institutional Digital Liquidity Fund →