BBLU vs SPY
EA Bridgeway Blue Chip ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BBLU or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. BBLU led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. BBLU is less concentrated, with 34.1% 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 | BBLU | SPY |
|---|---|---|
| Expense Ratio | 0.15% | 0.09%Best |
| AUM | $464M | $804.7B |
| Dividend Yield | 1.14% | 0.98% |
| Holdings | 40 | 505 |
| YTD Return | +13.20%Best | +12.09% |
| 1Y Return | +16.77%Best | +16.29% |
| 3Y Return (annualized) | +21.98%Best | +21.20% |
| 5Y Return (annualized) | - | +13.37% |
| Volatility (annualized) | 11.9%Best | 13.0% |
| Max Drawdown | -17.2%Best | -18.8% |
| $10,000 over 3.9 years | $23,638Best | $21,724 |
| Top 10 Weight | 34.1%Best | 37.8% |
| Fund Family | Bridgeway Funds | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jul 31, 1997 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Oct 17, 2022 to Sep 18, 2026 (3.9 years).
BBLU 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 3.9 years both funds cover.
BBLU vs SPY Performance
EA Bridgeway Blue Chip ETF (BBLU) is an ETF from Bridgeway Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BBLU returned +16.77% while SPY returned +16.29%. Year to date, BBLU is up 13.20% versus a gain of 12.09% for SPY.
Over three years, BBLU compounded at +21.98% per year against +21.20% for SPY. Across the full 4-year window we track, BBLU has the edge at +24.68% annualized vs +22.01%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 13.0% compared with 11.9% for BBLU. 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 -17.2% for BBLU and -18.8% 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BBLU charges 0.15% per year while SPY charges 0.09%. On a $10,000 position that is $15 vs $9 annually, a gap of $6 per year that compounds over a long holding period. On income, BBLU currently yields 1.14% against 0.98% for SPY.
Holdings Overlap
99.7% of BBLU's money is in holdings SPY also owns. 55.4% of SPY's money is in holdings BBLU also owns.
Most of BBLU is already inside SPY. Owning both mostly buys the same companies twice.
37 positions in common, counted across the 38 positions we hold weights for in BBLU and 504 in SPY, against full books of 40 and 505.
What only one of them owns
Measured across the 38 and 504 positions we hold weights for.
SPY holds 460 positions BBLU does not, 44.0% of the fund.
Largest: MU 1.60%, INTC 0.67%, CAT 0.55%, LRCX 0.55%, AMAT 0.53%
Top Shared Holdings
| Stock | Weight in BBLU | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 3.95% | 8.01% | 4.06% |
| AAPLApple, Inc | 3.51% | 7.26% | 3.75% |
| MSFTMicrosoft Corp | 3.22% | 5.66% | 2.44% |
| AVGOBroadcom Inc | 3.69% | 2.66% | 1.03% |
| AMZNAmazon.Com Inc | 2.56% | 3.79% | 1.23% |
| JPMJpmorgan Chase | 3.87% | 1.45% | 2.42% |
| GOOGLAlphabet Inc,class A | 1.79% | 2.99% | 1.20% |
| PLTRPalantir Technologies Inc | 3.74% | 0.63% | 3.11% |
| METAMeta Platforms Inc | 2.40% | 1.93% | 0.47% |
| AMDAdvanced Micro Devices Inc | 3.08% | 1.14% | 1.94% |
99.7% of BBLU 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, BBLU or SPY?
BBLU has an expense ratio of 0.15% while SPY charges 0.09%. SPY is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, BBLU or SPY?
Over the past year BBLU returned +16.77% vs +16.29% for SPY, so BBLU leads on 1-year performance. Over the longest common window we track (4 years), BBLU annualized +24.68% vs +22.01% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BBLU or SPY?
SPY has been the more volatile fund at 13.0% annualized versus 11.9% for BBLU. Worst drawdown: BBLU -17.2% vs SPY -18.8%.
Should I hold both BBLU and SPY?
BBLU and SPY have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between BBLU and SPY?
99.7% of BBLU's money is in holdings SPY also owns. 55.4% of SPY's is in holdings BBLU also owns. They hold 37 positions in common, counted across the 38 positions we hold weights for in BBLU and 504 in SPY.
Which pays a higher dividend, BBLU or SPY?
BBLU yields 1.14% while SPY yields 0.98%, so BBLU currently pays the higher dividend yield.
Is SPY better than BBLU?
SPY has a lower expense ratio. BBLU led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. BBLU is less concentrated, with 34.1% 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.