BLK Down -5.9% In A Day. It Dropped More in 2008.
- In Global Financial Crisis, BlackRock stock declined 61% vs 57% for S&P 500. During inflation shock, it dropped 45% compared to the S&P 500’s 25%.
- Following the Dot-Com Bubble, the stock recovered faster in 26 months compared to 69 months for the S&P 500. In the inflation shock, the stock lagged, needing 24 months to recover while the S&P 500 did it in 15.
BlackRock Stock Performance In Market Crashes:
| BLK | S&P 500 | |
|---|---|---|
| Dot-Com Bubble | ||
| % Change from Pre-Recession Peak | -33% | -37% |
| # of Months for Full Recovery | 26 | 69 |
| Global Financial Crisis | ||
| % Change from Pre-Recession Peak | -61% | -57% |
| # of Months for Full Recovery | 8 | 49 |
| 2018 Correction | ||
| % Change from Pre-Recession Peak | -39% | -20% |
| # of Months for Full Recovery | 20 | 4 |
| Covid Pandemic | ||
| % Change from Pre-Recession Peak | -43% | -34% |
| # of Months for Full Recovery | 4 | 5 |
| Inflation Shock | ||
| % Change from Pre-Recession Peak | -45% | -25% |
| # of Months for Full Recovery | 24 | 15 |
Worried that BLK is yet to hit the bottom? You could take a look at the Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming the S&P 500 over the last 4-year period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.
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