BEDZ vs SPY
AdvisorShares Hotel 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 505 holdings.
Side-by-Side Comparison
| Metric | BEDZ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.99% | 0.09% | |
| AUM | $3M | $821.1B | |
| Dividend Yield | 2.06% | 1.01% | |
| Holdings | 25 | 505 | |
| YTD Return | +8.75% | +13.17% | |
| 1Y Return | +9.87% | +21.53% | |
| 3Y Return (annualized) | +13.95% | +22.06% | |
| 5Y Return (annualized) | +11.19% | +13.35% | |
| Volatility (annualized) | 22.5% | 15.3% | |
| Max Drawdown | -29.7% | -56.5% | |
| Fund Family | Advisor Shares | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Apr 20, 2021 | Jan 22, 1993 |
BEDZ vs SPY Performance
AdvisorShares Hotel ETF (BEDZ) is a ETF from Advisor Shares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BEDZ returned +9.87% while SPY returned +21.53%. Year to date, BEDZ is up 8.75% versus a gain of 13.17% for SPY.
Over three years, BEDZ compounded at +13.95% per year against +22.06% for SPY; over five years the annualized figures are +11.19% and +13.35% respectively. Across the full 5-year window we track, SPY has the edge at +8.82% annualized vs +7.93%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BEDZ has been the more volatile fund, with annualized monthly volatility of 22.5% 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 -29.7% for BEDZ 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 0.74. 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 1.01% for SPY.
Holdings Overlap
BEDZ and SPY share 9 holdings out of 519 unique holdings combined, representing a 0.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $90 per year of difference.
Which performed better, BEDZ or SPY?
Over the past year BEDZ returned +9.87% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), BEDZ annualized +7.93% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, BEDZ or SPY?
BEDZ has been the more volatile fund at 22.5% annualized versus 15.3% for SPY. Worst drawdown: BEDZ -29.7% vs SPY -56.5%.
Should I hold both BEDZ and SPY?
BEDZ and SPY have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BEDZ and SPY?
BEDZ and SPY share 9 common holdings with a 0.7% weight overlap. Combined, they hold 519 unique securities.
Which pays a higher dividend, BEDZ or SPY?
BEDZ yields 2.06% while SPY yields 1.01%, so BEDZ currently pays the higher dividend yield.
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