BEDZ vs SPY
AdvisorShares Hotel ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BEDZ or SPY?
Small Cap Blend against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 53.1%.
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 | BEDZ | SPY |
|---|---|---|
| Expense Ratio | 0.99% | 0.09%Best |
| AUM | $3M | $804.7B |
| Dividend Yield | 2.06% | 0.98% |
| Holdings | 25 | 505 |
| Volatility (annualized) | 22.5% | 15.4%Best |
| Max Drawdown | -29.7% | -24.5%Best |
| $10,000 over 5.3 years | $14,948 | $19,675Best |
| Top 10 Weight | 53.1% | 38.0%Best |
| Fund Family | Advisor Shares | State Street Investment Management |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Blend |
| Inception | Apr 20, 2021 | Jan 22, 1993 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 19 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. BEDZ has data through Aug 21, 2026 and SPY through Sep 9, 2026.
Volatility and max drawdown, and the $10,000 over 5.3 years row, are measured over the window both funds cover: Apr 21, 2021 to Aug 21, 2026 (5.3 years).
Risk: Volatility and Drawdowns
BEDZ has been the more volatile fund, with annualized monthly volatility of 22.5% compared with 15.4% 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 -29.7% for BEDZ and -24.5% 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BEDZ charges 0.99% per year while SPY charges 0.09%. On a $10,000 position that is $99 vs $9 annually, a gap of $90 per year that compounds over a long holding period. On income, BEDZ currently yields 2.06% against 0.98% for SPY.
Holdings Overlap
36.0% of BEDZ's money is in holdings SPY also owns. 0.7% of SPY's money is in holdings BEDZ also owns.
The two portfolios partly overlap.
9 positions in common, counted across the 24 positions we hold weights for in BEDZ and 504 in SPY, against full books of 25 and 505.
What only one of them owns
Our book lists 486 positions for SPY that do not appear in our book for BEDZ (98.7% of the fund), and 13 for BEDZ that do not appear in SPY (59.5%).
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 BEDZ | Weight in SPY | Difference |
|---|---|---|---|
| HSTHost Hotels & Resorts Inc | 4.64% | 0.02% | 4.62% |
| EXPEExpedia Group Inc (consumer Discretionary) | 4.33% | 0.05% | 4.28% |
| ABNBAirbnb Inc | 4.24% | 0.09% | 4.15% |
| MARMarriott International, Inc. | 4.21% | 0.11% | 4.10% |
| RCLRoyal Caribbean Cruises | 4.04% | 0.12% | 3.92% |
| CCLCarnival Corporation Common Stock | 4.03% | 0.06% | 3.97% |
| BKNGPriceline.com, Inc. | 3.74% | 0.23% | 3.51% |
| VICIVici Properties Inc | 3.59% | 0.04% | 3.55% |
| NCLHNorwegian Cruise Line Holdings | 3.22% | 0.01% | 3.21% |
36.0% of BEDZ 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, BEDZ or SPY?
BEDZ has an expense ratio of 0.99% while SPY charges 0.09%. SPY is the cheaper option, by $90 a year on a $10,000 investment.
Which is riskier, BEDZ or SPY?
BEDZ has been the more volatile fund at 22.5% annualized versus 15.4% for SPY. Worst drawdown: BEDZ -29.7% vs SPY -24.5%.
Should I hold both BEDZ and SPY?
BEDZ and SPY have a monthly-return correlation of 0.74, 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 BEDZ and SPY?
36.0% of BEDZ's money is in holdings SPY also owns. 0.7% of SPY's is in holdings BEDZ also owns. They hold 9 positions in common, counted across the 24 positions we hold weights for in BEDZ and 504 in SPY.
Which pays a higher dividend, BEDZ or SPY?
BEDZ yields 2.06% while SPY yields 0.98%, so BEDZ currently pays the higher dividend yield.
Is SPY better than BEDZ?
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 53.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.