BDYN vs SPY
iShares Dynamic Equity Active 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 | BDYN | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.09% | |
| AUM | $3.0B | $789.1B | |
| Dividend Yield | 2.01% | 1.01% | |
| Holdings | 408 | 505 | |
| YTD Return | +10.60% | +13.79% | |
| 1Y Return | +15.15% | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -10.8% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 12, 2025 | Jan 22, 1993 |
BDYN vs SPY Performance
iShares Dynamic Equity Active ETF (BDYN) is a ETF from iShares by BlackRock (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BDYN returned +15.15% while SPY returned +23.66%. Year to date, BDYN is up 10.60% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -10.8% for BDYN 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
BDYN 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, BDYN currently yields 2.01% against 1.01% for SPY.
Holdings Overlap
BDYN and SPY share 95 holdings out of 647 unique holdings combined, representing a 47.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BDYN or SPY?
BDYN 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.
Which performed better, BDYN or SPY?
Over the past year BDYN returned +15.15% vs +23.66% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results.
What is the holdings overlap between BDYN and SPY?
BDYN and SPY share 95 common holdings with a 47.6% weight overlap. Combined, they hold 647 unique securities.
Which pays a higher dividend, BDYN or SPY?
BDYN yields 2.01% while SPY yields 1.01%, so BDYN currently pays the higher dividend yield.
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