BCIM vs SPY
abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BCIM | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.09% | |
| AUM | $26M | $821.1B | |
| Dividend Yield | 10.36% | 1.01% | |
| Holdings | 27 | 505 | |
| YTD Return | +7.79% | +12.93% | |
| 1Y Return | +2.99% | +20.62% | |
| 3Y Return (annualized) | -0.31% | +22.00% | |
| 5Y Return (annualized) | - | +13.33% | |
| Volatility (annualized) | 20.4% | 15.3% | |
| Max Drawdown | -43.4% | -56.5% | |
| Fund Family | Aberdeen | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Sep 21, 2021 | Jan 22, 1993 |
BCIM vs SPY Performance
abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM) is a ETF from Aberdeen and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BCIM returned +2.99% while SPY returned +20.62%. Year to date, BCIM is up 7.79% versus a gain of 12.93% for SPY.
Over three years, BCIM compounded at -0.31% per year against +22.00% for SPY. Across the full 4-year window we track, SPY has the edge at +8.82% annualized vs +0.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BCIM has been the more volatile fund, with annualized monthly volatility of 20.4% 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 -43.4% for BCIM 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 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BCIM charges 0.40% per year while SPY charges 0.09%. On a $10,000 position that is $40 vs $9 annually, a gap of $31 per year that compounds over a long holding period. On income, BCIM currently yields 10.36% against 1.01% for SPY.
Holdings Overlap
BCIM and SPY share 0 holdings out of 517 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, BCIM or SPY?
BCIM has an expense ratio of 0.40% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, BCIM or SPY?
Over the past year BCIM returned +2.99% vs +20.62% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), BCIM annualized +0.07% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, BCIM or SPY?
BCIM has been the more volatile fund at 20.4% annualized versus 15.3% for SPY. Worst drawdown: BCIM -43.4% vs SPY -56.5%.
Should I hold both BCIM and SPY?
BCIM and SPY have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BCIM and SPY?
BCIM and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 517 unique securities.
Which pays a higher dividend, BCIM or SPY?
BCIM yields 10.36% while SPY yields 1.01%, so BCIM currently pays the higher dividend yield.
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