BCOR vs SPY
Grayscale Bitcoin Adopters ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BCOR or SPY?
Option Writing against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 80.2%.
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 | BCOR | SPY |
|---|---|---|
| Expense Ratio | 0.59% | 0.09%Best |
| AUM | $3M | $804.7B |
| Dividend Yield | 3.03% | 0.98% |
| Holdings | 45 | 505 |
| YTD Return | +9.45% | +12.89%Best |
| 1Y Return | -15.38% | +17.01%Best |
| 3Y Return (annualized) | - | +22.46% |
| 5Y Return (annualized) | - | +13.01% |
| Volatility (annualized) | 41.9% | 12.1%Best |
| Max Drawdown | -43.0% | -8.9%Best |
| $10,000 over 1.4 years | $11,744 | $14,023Best |
| Top 10 Weight | 80.2% | 37.8%Best |
| Fund Family | Grayscale | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Option Writing | Large Cap Blend |
| Inception | Apr 30, 2025 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1.4 years row, are measured over the window both funds cover: Apr 30, 2025 to Sep 24, 2026 (1.4 years).
BCOR 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 1.4 years both funds cover.
BCOR vs SPY Performance
Grayscale Bitcoin Adopters ETF (BCOR) is an ETF from Grayscale and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BCOR returned -15.38% while SPY returned +17.01%. Year to date, BCOR is up 9.45% versus a gain of 12.89% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BCOR has been the more volatile fund, with annualized monthly volatility of 41.9% compared with 12.1% 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 -43.0% for BCOR and -8.9% 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 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BCOR charges 0.59% per year while SPY charges 0.09%. On a $10,000 position that is $59 vs $9 annually, a gap of $50 per year that compounds over a long holding period. On income, BCOR currently yields 3.03% against 0.98% for SPY.
Holdings Overlap
25.7% of BCOR's money is in holdings SPY also owns. 1.6% of SPY's money is in holdings BCOR also owns.
BCOR and SPY share little of their money.
3 positions in common, counted across the 40 positions we hold weights for in BCOR and 504 in SPY, against full books of 45 and 505.
What only one of them owns
Our book lists 494 positions for SPY that do not appear in our book for BCOR (97.7% of the fund), and 28 for BCOR that do not appear in SPY (63.2%).
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.
25.7% of BCOR 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, BCOR or SPY?
BCOR has an expense ratio of 0.59% while SPY charges 0.09%. SPY is the cheaper option, by $50 a year on a $10,000 investment.
Which performed better, BCOR or SPY?
Over the past year BCOR returned -15.38% vs +17.01% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), BCOR annualized +12.17% vs +27.32% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BCOR or SPY?
BCOR has been the more volatile fund at 41.9% annualized versus 12.1% for SPY. Worst drawdown: BCOR -43.0% vs SPY -8.9%.
Should I hold both BCOR and SPY?
BCOR and SPY have a monthly-return correlation of 0.69, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BCOR and SPY?
25.7% of BCOR's money is in holdings SPY also owns. 1.6% of SPY's is in holdings BCOR also owns. They hold 3 positions in common, counted across the 40 positions we hold weights for in BCOR and 504 in SPY.
Which pays a higher dividend, BCOR or SPY?
BCOR yields 3.03% while SPY yields 0.98%, so BCOR currently pays the higher dividend yield.
Is SPY better than BCOR?
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 80.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.