BBCA vs SPY
JPMorgan BetaBuilders Canada ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. BBCA delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BBCA | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.19% | 0.09% | |
| AUM | $11.4B | $821.1B | |
| Dividend Yield | 1.73% | 1.01% | |
| Holdings | 82 | 505 | |
| YTD Return | +15.22% | +14.24% | |
| 1Y Return | +32.09% | +21.71% | |
| 3Y Return (annualized) | +24.30% | +22.10% | |
| 5Y Return (annualized) | +13.05% | +13.21% | |
| Volatility (annualized) | 18.7% | 15.3% | |
| Max Drawdown | -42.8% | -56.5% | |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Aug 7, 2018 | Jan 22, 1993 |
BBCA vs SPY Performance
JPMorgan BetaBuilders Canada ETF (BBCA) is a ETF from J.P. Morgan Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BBCA returned +32.09% while SPY returned +21.71%. Year to date, BBCA is up 15.22% versus a gain of 14.24% for SPY.
Over three years, BBCA compounded at +24.30% per year against +22.10% for SPY; over five years the annualized figures are +13.05% and +13.21% respectively. Across the full 8-year window we track, BBCA has the edge at +11.85% annualized vs +8.86%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BBCA has been the more volatile fund, with annualized monthly volatility of 18.7% compared with 15.3% for SPY. 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 -42.8% for BBCA and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BBCA charges 0.19% per year while SPY charges 0.09%. On a $10,000 position that is $19 vs $9 annually, a gap of $10 per year that compounds over a long holding period. On income, BBCA currently yields 1.73% against 1.01% for SPY.
Holdings Overlap
BBCA and SPY share 0 holdings out of 579 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BBCA or SPY?
BBCA has an expense ratio of 0.19% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, BBCA or SPY?
Over the past year BBCA returned +32.09% vs +21.71% for SPY, so BBCA leads on 1-year performance. Over the longest common window we track (8 years), BBCA annualized +11.85% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, BBCA or SPY?
BBCA has been the more volatile fund at 18.7% annualized versus 15.3% for SPY. Worst drawdown: BBCA -42.8% vs SPY -56.5%.
Should I hold both BBCA and SPY?
BBCA and SPY have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BBCA and SPY?
BBCA and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 579 unique securities.
Which pays a higher dividend, BBCA or SPY?
BBCA yields 1.73% while SPY yields 1.01%, so BBCA currently pays the higher dividend yield.
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