BCPL vs SPY
BNY Mellon Core Plus ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BCPL | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.09% | |
| AUM | $299M | $821.1B | |
| Dividend Yield | 1.95% | 1.01% | |
| Holdings | 281 | 505 | |
| YTD Return | +0.71% | +12.71% | |
| 1Y Return | - | +20.53% | |
| 3Y Return (annualized) | - | +21.60% | |
| 5Y Return (annualized) | - | +12.79% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -3.0% | -56.5% | |
| Fund Family | BNY Mellon Investment Management | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jan 12, 2026 | Jan 22, 1993 |
BCPL vs SPY Performance
BNY Mellon Core Plus ETF (BCPL) is a ETF from BNY Mellon Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, BCPL is up 0.71% versus a gain of 12.71% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -3.0% for BCPL and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
BCPL 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, BCPL currently yields 1.95% against 1.01% for SPY.
Holdings Overlap
BCPL and SPY share 0 holdings out of 619 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, BCPL or SPY?
BCPL 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.
What is the holdings overlap between BCPL and SPY?
BCPL and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 619 unique securities.
Which pays a higher dividend, BCPL or SPY?
BCPL yields 1.95% while SPY yields 1.01%, so BCPL currently pays the higher dividend yield.
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