BBUS vs SPY
JPMorgan Betabuilders US Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BBUS or SPY?
Nearly the same fund. BBUS costs less.
BBUS has a lower expense ratio. BBUS led over the full window, SPY over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 1.00. BBUS is less concentrated, with 37.8% of the fund in its ten largest positions against 38.0%.
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 | BBUS | SPY |
|---|---|---|
| Expense Ratio | 0.02%Best | 0.09% |
| AUM | $9.2B | $814.4B |
| Dividend Yield | 1.01% | 1.01% |
| Holdings | 473 | 505 |
| YTD Return | +12.18% | +12.71%Best |
| 1Y Return | +18.59% | +19.36%Best |
| 3Y Return (annualized) | +21.00% | +21.09%Best |
| 5Y Return (annualized) | +12.23% | +12.69%Best |
| Volatility (annualized) | 16.8% | 16.5%Best |
| Max Drawdown | -35.4% | -34.1%Best |
| $10,000 over 5 years | $17,805 | $18,173Best |
| Top 10 Weight | 37.8%Best | 38.0% |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 12, 2019 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Mar 13, 2019 to Sep 8, 2026 (7.5 years).
BBUS 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 7.5 years both funds cover.
BBUS vs SPY Performance
JPMorgan Betabuilders US Equity ETF (BBUS) is an ETF from J.P. Morgan Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BBUS returned +18.59% while SPY returned +19.36%. Year to date, BBUS is up 12.18% versus a gain of 12.71% for SPY.
Over three years, BBUS compounded at +21.00% per year against +21.09% for SPY; over five years the annualized figures are +12.23% and +12.69% respectively. Across the full 8-year window we track, BBUS has the edge at +15.45% annualized vs +15.44%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BBUS has been the more volatile fund, with annualized monthly volatility of 16.8% compared with 16.5% 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 -35.4% for BBUS and -34.1% 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 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BBUS charges 0.02% per year while SPY charges 0.09%. On a $10,000 position that is $2 vs $9 annually, a gap of $7 per year that compounds over a long holding period. On income, BBUS currently yields 1.01% against 1.01% for SPY.
Holdings Overlap
96.9% of BBUS's money is in holdings SPY also owns. 97.7% of SPY's money is in holdings BBUS also owns.
Most of SPY is already inside BBUS. Owning both mostly buys the same companies twice.
416 positions in common, counted across the 468 positions we hold weights for in BBUS and 503 in SPY, against full books of 473 and 505.
What only one of them owns
Our book lists 83 positions for SPY that do not appear in our book for BBUS (2.0% of the fund), and 43 for BBUS that do not appear in SPY (2.6%).
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 BBUS | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.86% | 7.71% | 0.15% |
| AAPLApple Inc Ord | 6.88% | 6.83% | 0.05% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.56% | 5.50% | 0.06% |
| AMZNAmazon.Com Inc | 4.03% | 4.08% | 0.05% |
| GOOGL Alphabet Inc. Class A | 3.10% | 3.33% | 0.23% |
| AVGOBroadcom Inc | 2.98% | 2.97% | 0.01% |
| GOOGAlphabet, Inc., Class C | 2.49% | 2.67% | 0.18% |
| METAMeta Platform Inc | 1.94% | 1.94% | 0.00% |
| MUMicron Technology, Inc. | 1.48% | 1.51% | 0.03% |
| JPMJpmorgan Chase & Co. | 1.44% | 1.44% | 0.00% |
97.7% of SPY is already inside BBUS.
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, BBUS or SPY?
BBUS has an expense ratio of 0.02% while SPY charges 0.09%. BBUS is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, BBUS or SPY?
Over the past year BBUS returned +18.59% vs +19.36% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (8 years), BBUS annualized +15.45% vs +15.44% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BBUS or SPY?
BBUS has been the more volatile fund at 16.8% annualized versus 16.5% for SPY. Worst drawdown: BBUS -35.4% vs SPY -34.1%.
Should I hold both BBUS and SPY?
BBUS and SPY have a monthly-return correlation of 1.00, 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 BBUS and SPY?
97.7% of SPY's money is in holdings BBUS also owns. 97.7% of SPY's is in holdings BBUS also owns. They hold 416 positions in common, counted across the 468 positions we hold weights for in BBUS and 503 in SPY.
Which pays a higher dividend, BBUS or SPY?
BBUS yields 1.01% while SPY yields 1.01%, so BBUS currently pays the higher dividend yield.
Is SPY better than BBUS?
BBUS has a lower expense ratio. BBUS led over the full window, SPY over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 1.00. BBUS is less concentrated, with 37.8% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.