BEEX vs SPY
The BeeHive 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 | BEEX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.84% | 0.09% | |
| AUM | $206M | $821.1B | |
| Dividend Yield | 0.32% | 1.01% | |
| Holdings | 41 | 505 | |
| YTD Return | +9.11% | +14.24% | |
| 1Y Return | +14.77% | +21.71% | |
| 3Y Return (annualized) | - | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | 11.9% | 15.3% | |
| Max Drawdown | -15.1% | -56.5% | |
| Fund Family | The Beehive Fund | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 14, 2024 | Jan 22, 1993 |
BEEX vs SPY Performance
The BeeHive ETF (BEEX) is a ETF from The Beehive Fund and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BEEX returned +14.77% while SPY returned +21.71%. Year to date, BEEX is up 9.11% versus a gain of 14.24% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 11.9% for BEEX. 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 -15.1% for BEEX 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BEEX charges 0.84% per year while SPY charges 0.09%. On a $10,000 position that is $84 vs $9 annually, a gap of $75 per year that compounds over a long holding period. On income, BEEX currently yields 0.32% against 1.01% for SPY.
Holdings Overlap
BEEX and SPY share 29 holdings out of 515 unique holdings combined, representing a 26.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BEEX or SPY?
BEEX has an expense ratio of 0.84% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $75 per year of difference.
Which performed better, BEEX or SPY?
Over the past year BEEX returned +14.77% vs +21.71% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), BEEX annualized +12.42% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, BEEX or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 11.9% for BEEX. Worst drawdown: BEEX -15.1% vs SPY -56.5%.
Should I hold both BEEX and SPY?
BEEX and SPY have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between BEEX and SPY?
BEEX and SPY share 29 common holdings with a 26.1% weight overlap. Combined, they hold 515 unique securities.
Which pays a higher dividend, BEEX or SPY?
BEEX yields 0.32% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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