BASV vs SPY
Brown Advisory Sustainable Value ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BASV or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. BASV is less concentrated, with 34.4% of the fund in its ten largest positions against 37.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BASV | SPY |
|---|---|---|
| Expense Ratio | 0.71% | 0.09%Best |
| AUM | $419M | $804.7B |
| Dividend Yield | 0.36% | 0.98% |
| Holdings | 42 | 505 |
| YTD Return | +8.88% | +12.09%Best |
| 1Y Return | +14.09% | +16.29%Best |
| 3Y Return (annualized) | - | +21.20% |
| 5Y Return (annualized) | - | +13.37% |
| Volatility (annualized) | 10.3%Best | 12.0% |
| Max Drawdown | -9.4% | -8.9%Best |
| $10,000 over 1.3 years | $12,227 | $12,926Best |
| Top 10 Weight | 34.4%Best | 37.8% |
| Fund Family | Brown Advisory | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jun 13, 2025 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jun 16, 2025 to Sep 18, 2026 (1.3 years).
BASV vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.3 years both funds cover.
BASV vs SPY Performance
Brown Advisory Sustainable Value ETF (BASV) is an ETF from Brown Advisory and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BASV returned +14.09% while SPY returned +16.29%. Year to date, BASV is up 8.88% versus a gain of 12.09% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.0% compared with 10.3% for BASV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -9.4% for BASV and -8.9% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BASV charges 0.71% per year while SPY charges 0.09%. On a $10,000 position that is $71 vs $9 annually, a gap of $62 per year that compounds over a long holding period. On income, BASV currently yields 0.36% against 0.98% for SPY.
Holdings Overlap
76.6% of BASV's money is in holdings SPY also owns. 16.1% of SPY's money is in holdings BASV also owns.
Most of BASV is already inside SPY. Owning both mostly buys the same companies twice.
32 positions in common, counted across the 41 positions we hold weights for in BASV and 504 in SPY, against full books of 42 and 505.
What only one of them owns
Our book lists 467 positions for SPY that do not appear in our book for BASV (83.4% of the fund), and 5 for BASV that do not appear in SPY (10.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in BASV | Weight in SPY | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 3.30% | 5.66% | 2.36% |
| AMZNAmazon.Com Inc | 3.72% | 3.79% | 0.07% |
| CAHCardinal Health Inc. | 3.72% | 0.09% | 3.63% |
| BACBank of America Corp.: Financials | 3.16% | 0.62% | 2.54% |
| SLBSchlumberger Nv. | 3.46% | 0.13% | 3.33% |
| BDXBecton Dickinson And Co. | 3.47% | 0.08% | 3.39% |
| GOOGAlphabet Inc | 1.06% | 2.39% | 1.33% |
| WTW:LNWillis Towers Watson Plc Ordinary Shares | 3.39% | 0.05% | 3.34% |
| DELLDell Technologies Inc | 3.17% | 0.19% | 2.98% |
| CCitigroup Inc. | 2.93% | 0.34% | 2.59% |
76.6% of BASV is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BASV or SPY?
BASV has an expense ratio of 0.71% while SPY charges 0.09%. SPY is the cheaper option, by $62 a year on a $10,000 investment.
Which performed better, BASV or SPY?
Over the past year BASV returned +14.09% vs +16.29% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), BASV annualized +16.73% vs +21.83% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BASV or SPY?
SPY has been the more volatile fund at 12.0% annualized versus 10.3% for BASV. Worst drawdown: BASV -9.4% vs SPY -8.9%.
Should I hold both BASV and SPY?
BASV and SPY have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BASV and SPY?
76.6% of BASV's money is in holdings SPY also owns. 16.1% of SPY's is in holdings BASV also owns. They hold 32 positions in common, counted across the 41 positions we hold weights for in BASV and 504 in SPY.
Which pays a higher dividend, BASV or SPY?
BASV yields 0.36% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than BASV?
SPY has a lower expense ratio. SPY led over 1Y and the full window. BASV is less concentrated, with 34.4% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.