BBHL vs SPY

Quick Verdict

SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.

Lower Fees: SPYHigher Returns: TiedMore Diversified: SPY

Side-by-Side Comparison

MetricBBHLSPYWinner
Expense Ratio0.71%0.09%
AUM$524M$789.1B
Dividend Yield0.00%1.01%
Holdings46505
YTD Return+10.20%+13.79%
1Y Return-+23.66%
3Y Return (annualized)-+21.40%
5Y Return (annualized)-+13.37%
Volatility (annualized)-15.3%
Max Drawdown-12.0%-56.5%
Fund FamilyBrown Brothers HarrimanState Street Investment Management
CategoryEquityEquity
InceptionNov 17, 2025Jan 22, 1993

BBHL vs SPY Performance

BBH Select Large Cap ETF (BBHL) is a ETF from Brown Brothers Harriman and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, BBHL is up 10.20% versus a gain of 13.79% for SPY.

Risk: Volatility and Drawdowns

The deepest peak-to-trough decline in our data was -12.0% for BBHL and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

Fees and Cost Over Time

BBHL 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, BBHL currently yields 0.00% against 1.01% for SPY.

Holdings Overlap

34.3%overlap

BBHL and SPY share 42 holdings out of 506 unique holdings combined, representing a 34.3% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in BBHLWeight in SPYDifference
AAPL5.16%7.09%1.93%
GOOG8.41%2.66%5.75%
MSFT6.36%4.43%1.93%
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NVDAProProPro
KLACProProPro
AVGOProProPro
MAProProPro
AMATProProPro
WMProProPro
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Frequently Asked Questions

Which is cheaper, BBHL or SPY?

BBHL has an expense ratio of 0.71% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $62 per year of difference.

What is the holdings overlap between BBHL and SPY?

BBHL and SPY share 42 common holdings with a 34.3% weight overlap. Combined, they hold 506 unique securities.

Which pays a higher dividend, BBHL or SPY?

BBHL yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.

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