BDGS vs SPY
Bridges Capital Tactical 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 503 holdings.
Side-by-Side Comparison
| Metric | BDGS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.87% | 0.09% | |
| AUM | $42M | $789.1B | |
| Dividend Yield | 0.53% | 1.01% | |
| Holdings | 16 | 505 | |
| YTD Return | +6.54% | +13.68% | |
| 1Y Return | +9.23% | +21.53% | |
| 3Y Return (annualized) | +13.91% | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | 7.5% | 15.3% | |
| Max Drawdown | -9.1% | -56.5% | |
| Fund Family | Bridges Capital | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 10, 2023 | Jan 22, 1993 |
BDGS vs SPY Performance
Bridges Capital Tactical ETF (BDGS) is a ETF from Bridges Capital and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BDGS returned +9.23% while SPY returned +21.53%. Year to date, BDGS is up 6.54% versus a gain of 13.68% for SPY.
Over three years, BDGS compounded at +13.91% per year against +21.44% for SPY. Across the full 3-year window we track, BDGS has the edge at +13.66% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 7.5% 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 -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 0.76. 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 0.53% against 1.01% for SPY.
Holdings Overlap
BDGS and SPY share 11 holdings out of 506 unique holdings combined, representing a 14.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $78 per year of difference.
Which performed better, BDGS or SPY?
Over the past year BDGS returned +9.23% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), BDGS annualized +13.66% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, BDGS or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 7.5% for BDGS. Worst drawdown: BDGS -9.1% vs SPY -56.5%.
Should I hold both BDGS and SPY?
BDGS and SPY have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BDGS and SPY?
BDGS and SPY share 11 common holdings with a 14.2% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, BDGS or SPY?
BDGS yields 0.53% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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