BEDY vs SPY
BNY Mellon Enhanced Dividend and Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. BEDY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BEDY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.09% | |
| AUM | $238M | $814.4B | |
| Dividend Yield | 3.88% | 1.01% | |
| Holdings | 61 | 505 | |
| YTD Return | +16.99% | +12.87% | |
| 1Y Return | - | +21.13% | |
| 3Y Return (annualized) | - | +20.86% | |
| 5Y Return (annualized) | - | +12.69% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -6.3% | -56.5% | |
| Fund Family | BNY Mellon Investment Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 8, 2025 | Jan 22, 1993 |
BEDY vs SPY Performance
BNY Mellon Enhanced Dividend and Income ETF (BEDY) is a ETF from BNY Mellon Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, BEDY is up 16.99% versus a gain of 12.87% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -6.3% for BEDY 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
BEDY charges 0.50% per year while SPY charges 0.09%. On a $10,000 position that is $50 vs $9 annually, a gap of $41 per year that compounds over a long holding period. On income, BEDY currently yields 3.88% against 1.01% for SPY.
Holdings Overlap
BEDY and SPY share 52 holdings out of 511 unique holdings combined, representing a 17.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BEDY or SPY?
BEDY has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
What is the holdings overlap between BEDY and SPY?
BEDY and SPY share 52 common holdings with a 17.5% weight overlap. Combined, they hold 511 unique securities.
Which pays a higher dividend, BEDY or SPY?
BEDY yields 3.88% while SPY yields 1.01%, so BEDY currently pays the higher dividend yield.
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