BDGS vs SPY
Bridges Capital Tactical ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BDGS or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 84.3%.
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 | BDGS | SPY |
|---|---|---|
| Expense Ratio | 0.87% | 0.09%Best |
| AUM | $42M | $811.2B |
| Dividend Yield | 0.52% | 0.98% |
| Holdings | 20 | 1,515 |
| YTD Return | +9.76% | +14.79%Best |
| 1Y Return | +10.94% | +18.62%Best |
| 3Y Return (annualized) | +15.56% | +23.21%Best |
| 5Y Return (annualized) | - | +13.92% |
| Volatility (annualized) | 7.4%Best | 12.6% |
| Max Drawdown | -9.1%Best | -18.8% |
| $10,000 over 3.4 years | $15,580 | $19,634Best |
| Top 10 Weight | 84.3% | 38.2%Best |
| Fund Family | Bridges Capital | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | May 10, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: May 11, 2023 to Oct 12, 2026 (3.4 years).
BDGS 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 3.4 years both funds cover.
BDGS vs SPY Performance
Bridges Capital Tactical ETF (BDGS) is an ETF from Bridges Capital and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BDGS returned +10.94% while SPY returned +18.62%. Year to date, BDGS is up 9.76% versus a gain of 14.79% for SPY.
Over three years, BDGS compounded at +15.56% per year against +23.21% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.6% compared with 7.4% for BDGS. 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 -9.1% for BDGS and -18.8% 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BDGS charges 0.87% per year while SPY charges 0.09%. On a $10,000 position that is $87 vs $9 annually, a gap of $78 per year that compounds over a long holding period. On income, BDGS currently yields 0.52% against 0.98% for SPY.
Holdings Overlap
30.5% of BDGS's money is in holdings SPY also owns. 38.0% of SPY's money is in holdings BDGS also owns.
The two portfolios partly overlap.
13 positions in common, counted across the 18 positions we hold weights for in BDGS and 504 in SPY, against full books of 20 and 1,515.
What only one of them owns
Measured across the 18 and 504 positions we hold weights for.
SPY holds 484 positions BDGS does not, 61.2% of the fund.
Largest: GOOGL 3.12%, BRK.B 1.44%, JPM 1.43%, LLY 1.37%, XOM 1.04%
Top Shared Holdings
| Stock | Weight in BDGS | Weight in SPY | Difference |
|---|---|---|---|
| AAPLApple, Inc | 2.21% | 7.45% | 5.24% |
| NVDANvidia Corp | 1.00% | 7.78% | 6.78% |
| MSFTMicrosoft Corp | 1.98% | 5.71% | 3.73% |
| METAMeta Platforms Inc | 3.40% | 2.22% | 1.18% |
| AMZNAmazon.Com Inc | 1.83% | 3.78% | 1.95% |
| GOOGAlphabet Inc. C | 2.95% | 2.49% | 0.46% |
| AVGOBroadcom Inc | 2.92% | 2.48% | 0.44% |
| TSLATesla Inc | 3.29% | 1.54% | 1.75% |
| MUMicron Technology, Inc. | 2.15% | 1.59% | 0.56% |
| NFLXNetflix, Inc. | 3.06% | 0.51% | 2.55% |
38.0% of SPY is already inside BDGS.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, BDGS or SPY?
BDGS has an expense ratio of 0.87% while SPY charges 0.09%. SPY is the cheaper option, by $78 a year on a $10,000 investment.
Which performed better, BDGS or SPY?
Over the past year BDGS returned +10.94% vs +18.62% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BDGS or SPY?
SPY has been the more volatile fund at 12.6% annualized versus 7.4% for BDGS. Worst drawdown: BDGS -9.1% vs SPY -18.8%.
Should I hold both BDGS and SPY?
BDGS and SPY have a monthly-return correlation of 0.74, 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 BDGS and SPY?
38.0% of SPY's money is in holdings BDGS also owns. 38.0% of SPY's is in holdings BDGS also owns. They hold 13 positions in common, counted across the 18 positions we hold weights for in BDGS and 504 in SPY.
Which pays a higher dividend, BDGS or SPY?
BDGS yields 0.52% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than BDGS?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 84.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.