BCHI vs SPY
GMO Beyond China ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. BCHI delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | BCHI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.09% | |
| AUM | $18M | $789.1B | |
| Dividend Yield | 3.45% | 1.01% | |
| Holdings | 202 | 505 | |
| YTD Return | +22.35% | +13.75% | |
| 1Y Return | +39.19% | +22.91% | |
| 3Y Return (annualized) | - | +21.67% | |
| 5Y Return (annualized) | - | +13.32% | |
| Volatility (annualized) | 21.2% | 15.3% | |
| Max Drawdown | -16.0% | -56.5% | |
| Fund Family | GMO | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Feb 12, 2025 | Jan 22, 1993 |
BCHI vs SPY Performance
GMO Beyond China ETF (BCHI) is a ETF from GMO and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BCHI returned +39.19% while SPY returned +22.91%. Year to date, BCHI is up 22.35% versus a gain of 13.75% for SPY.
Risk: Volatility and Drawdowns
BCHI has been the more volatile fund, with annualized monthly volatility of 21.2% 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 -16.0% for BCHI 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BCHI charges 0.65% per year while SPY charges 0.09%. On a $10,000 position that is $65 vs $9 annually, a gap of $56 per year that compounds over a long holding period. On income, BCHI currently yields 3.45% against 1.01% for SPY.
Holdings Overlap
BCHI and SPY share 0 holdings out of 601 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, BCHI or SPY?
BCHI has an expense ratio of 0.65% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, BCHI or SPY?
Over the past year BCHI returned +39.19% vs +22.91% for SPY, so BCHI leads on 1-year performance. Over the longest common window we track (2 years), BCHI annualized +35.46% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, BCHI or SPY?
BCHI has been the more volatile fund at 21.2% annualized versus 15.3% for SPY. Worst drawdown: BCHI -16.0% vs SPY -56.5%.
Should I hold both BCHI and SPY?
BCHI and SPY have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BCHI and SPY?
BCHI and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 601 unique securities.
Which pays a higher dividend, BCHI or SPY?
BCHI yields 3.45% while SPY yields 1.01%, so BCHI currently pays the higher dividend yield.
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