BDRY vs SPY
Breakwave Dry Bulk Shipping ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. BDRY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | BDRY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.44% | 0.09% | |
| AUM | $28M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 17 | 505 | |
| YTD Return | +63.12% | +13.75% | |
| 1Y Return | +74.68% | +22.91% | |
| 3Y Return (annualized) | +37.34% | +21.67% | |
| 5Y Return (annualized) | -12.57% | +13.32% | |
| Volatility (annualized) | 70.2% | 15.3% | |
| Max Drawdown | -89.2% | -56.5% | |
| Fund Family | ETFMG | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 22, 2018 | Jan 22, 1993 |
BDRY vs SPY Performance
Breakwave Dry Bulk Shipping ETF (BDRY) is a ETF from ETFMG and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BDRY returned +74.68% while SPY returned +22.91%. Year to date, BDRY is up 63.12% versus a gain of 13.75% for SPY.
Over three years, BDRY compounded at +37.34% per year against +21.67% for SPY; over five years the annualized figures are -12.57% and +13.32% respectively. Across the full 8-year window we track, SPY has the edge at +8.85% annualized vs -7.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BDRY has been the more volatile fund, with annualized monthly volatility of 70.2% 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 -89.2% for BDRY 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 0.16. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BDRY charges 0.44% per year while SPY charges 0.09%. On a $10,000 position that is $44 vs $9 annually, a gap of $35 per year that compounds over a long holding period. On income, BDRY currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
BDRY and SPY share 0 holdings out of 504 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, BDRY or SPY?
BDRY has an expense ratio of 0.44% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $35 per year of difference.
Which performed better, BDRY or SPY?
Over the past year BDRY returned +74.68% vs +22.91% for SPY, so BDRY leads on 1-year performance. Over the longest common window we track (8 years), BDRY annualized -7.07% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, BDRY or SPY?
BDRY has been the more volatile fund at 70.2% annualized versus 15.3% for SPY. Worst drawdown: BDRY -89.2% vs SPY -56.5%.
Should I hold both BDRY and SPY?
BDRY and SPY have a monthly-return correlation of 0.16, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BDRY and SPY?
BDRY and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, BDRY or SPY?
BDRY yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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