BDVG vs SPY
iMGP Berkshire Dividend Growth ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BDVG or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. BDVG led over 1Y, SPY over 3Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 41.0%.
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 | BDVG | SPY |
|---|---|---|
| Expense Ratio | 0.55% | 0.09%Best |
| AUM | - | $804.7B |
| Dividend Yield | 1.42% | 0.98% |
| Holdings | 42 | 505 |
| YTD Return | +17.31%Best | +12.09% |
| 1Y Return | +19.98%Best | +16.29% |
| 3Y Return (annualized) | +16.37% | +21.20%Best |
| 5Y Return (annualized) | - | +13.37% |
| Volatility (annualized) | 10.8%Best | 12.7% |
| Max Drawdown | -14.5%Best | -18.8% |
| $10,000 over 3.2 years | $15,419 | $17,774Best |
| Top 10 Weight | 41.0% | 37.8%Best |
| Fund Family | iMGP Funds | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Jun 29, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Jun 30, 2023 to Sep 18, 2026 (3.2 years).
BDVG 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 3.2 years both funds cover.
BDVG vs SPY Performance
iMGP Berkshire Dividend Growth ETF (BDVG) is an ETF from iMGP Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BDVG returned +19.98% while SPY returned +16.29%. Year to date, BDVG is up 17.31% versus a gain of 12.09% for SPY.
Over three years, BDVG compounded at +16.37% per year against +21.20% 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 12.7% compared with 10.8% for BDVG. 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 -14.5% for BDVG 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BDVG charges 0.55% per year while SPY charges 0.09%. On a $10,000 position that is $55 vs $9 annually, a gap of $46 per year that compounds over a long holding period. On income, BDVG currently yields 1.42% against 0.98% for SPY.
Holdings Overlap
90.2% of BDVG's money is in holdings SPY also owns. 23.0% of SPY's money is in holdings BDVG also owns.
Most of BDVG is already inside SPY. Owning both mostly buys the same companies twice.
36 positions in common, counted across the 41 positions we hold weights for in BDVG and 504 in SPY, against full books of 42 and 505.
What only one of them owns
Our book lists 461 positions for SPY that do not appear in our book for BDVG (76.3% of the fund), and 2 for BDVG that do not appear in SPY (3.9%).
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.
Top Shared Holdings
| Stock | Weight in BDVG | Weight in SPY | Difference |
|---|---|---|---|
| AAPLApple, Inc | 4.12% | 7.26% | 3.14% |
| MSFTMicrosoft Corp | 3.48% | 5.66% | 2.18% |
| JPMJpmorgan Chase | 4.38% | 1.45% | 2.93% |
| DELLDell Technologies Inc | 5.30% | 0.19% | 5.11% |
| CSCOCisco Systems Inc. - Ordinary Shares | 4.19% | 0.66% | 3.53% |
| ABBVAbbvie Inc. | 4.09% | 0.70% | 3.39% |
| CVXChevron Corp | 4.15% | 0.60% | 3.55% |
| NUENucor Corp. | 4.55% | 0.09% | 4.46% |
| BACBank of America Corp.: Financials | 3.54% | 0.62% | 2.92% |
| JNJJohnson & Johnson - Common | 2.33% | 0.99% | 1.34% |
90.2% of BDVG 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, BDVG or SPY?
BDVG has an expense ratio of 0.55% while SPY charges 0.09%. SPY is the cheaper option, by $46 a year on a $10,000 investment.
Which performed better, BDVG or SPY?
Over the past year BDVG returned +19.98% vs +16.29% for SPY, so BDVG leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BDVG or SPY?
SPY has been the more volatile fund at 12.7% annualized versus 10.8% for BDVG. Worst drawdown: BDVG -14.5% vs SPY -18.8%.
Should I hold both BDVG and SPY?
BDVG and SPY have a monthly-return correlation of 0.80, 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 BDVG and SPY?
90.2% of BDVG's money is in holdings SPY also owns. 23.0% of SPY's is in holdings BDVG also owns. They hold 36 positions in common, counted across the 41 positions we hold weights for in BDVG and 504 in SPY.
Which pays a higher dividend, BDVG or SPY?
BDVG yields 1.42% while SPY yields 0.98%, so BDVG currently pays the higher dividend yield.
Is SPY better than BDVG?
SPY has a lower expense ratio. BDVG led over 1Y, SPY over 3Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 41.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.