BEEZ vs SPY
Honeytree US Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BEEZ or SPY?
SPY has been ahead.
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 44.6%.
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 | BEEZ | SPY |
|---|---|---|
| Expense Ratio | 0.64% | 0.09%Best |
| AUM | $6M | $814.4B |
| Dividend Yield | 0.53% | 1.01% |
| Holdings | 27 | 505 |
| YTD Return | +4.37% | +12.71%Best |
| 1Y Return | +3.06% | +19.36%Best |
| 3Y Return (annualized) | - | +21.09% |
| 5Y Return (annualized) | - | +12.69% |
| Volatility (annualized) | 11.8%Tie | 11.8%Tie |
| Max Drawdown | -18.6%Best | -18.8% |
| $10,000 over 2.8 years | $13,286 | $17,487Best |
| Top 10 Weight | 44.6% | 38.0%Best |
| Fund Family | Honeytree | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 6, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Nov 21, 2023 to Sep 8, 2026 (2.8 years).
BEEZ vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.8 years both funds cover.
BEEZ vs SPY Performance
Honeytree US Equity ETF (BEEZ) is an ETF from Honeytree and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BEEZ returned +3.06% while SPY returned +19.36%. Year to date, BEEZ is up 4.37% versus a gain of 12.71% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BEEZ and SPY have been equally volatile, both at 11.8% annualized.
The deepest peak-to-trough decline in our data was -18.6% for BEEZ and -18.8% 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BEEZ charges 0.64% per year while SPY charges 0.09%. On a $10,000 position that is $64 vs $9 annually, a gap of $55 per year that compounds over a long holding period. On income, BEEZ currently yields 0.53% against 1.01% for SPY.
Holdings Overlap
78.8% of BEEZ's money is in holdings SPY also owns. 4.9% of SPY's money is in holdings BEEZ also owns.
Most of BEEZ is already inside SPY. Owning both mostly buys the same companies twice.
20 positions in common, counted across the 26 positions we hold weights for in BEEZ and 503 in SPY, against full books of 27 and 505.
What only one of them owns
Our book lists 474 positions for SPY that do not appear in our book for BEEZ (94.5% of the fund), and 5 for BEEZ that do not appear in SPY (17.2%).
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 BEEZ | Weight in SPY | Difference |
|---|---|---|---|
| V'visa Inc., Class 'a'' | 4.18% | 0.92% | 3.26% |
| TMOThermo Fisherscientific Inc. | 4.66% | 0.32% | 4.34% |
| NOWServicenow, Inc. | 4.77% | 0.18% | 4.59% |
| LRCXLam Research Corp | 4.30% | 0.60% | 3.70% |
| MAMastercard Inc | 4.20% | 0.69% | 3.51% |
| AAgilent Technologies Inc | 4.75% | 0.06% | 4.69% |
| CTASCintas Corp. | 4.37% | 0.10% | 4.27% |
| FASTFastenal Co. | 4.33% | 0.09% | 4.24% |
| ITWIllinois Tool Works Inc. | 4.18% | 0.12% | 4.06% |
| BRBroadridge Financial Solutions, Inc. | 4.17% | 0.03% | 4.14% |
78.8% of BEEZ 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, BEEZ or SPY?
BEEZ has an expense ratio of 0.64% while SPY charges 0.09%. SPY is the cheaper option, by $55 a year on a $10,000 investment.
Which performed better, BEEZ or SPY?
Over the past year BEEZ returned +3.06% vs +19.36% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BEEZ or SPY?
BEEZ and SPY have been equally volatile, both at 11.8% annualized. Worst drawdown: BEEZ -18.6% vs SPY -18.8%.
Should I hold both BEEZ and SPY?
BEEZ and SPY have a monthly-return correlation of 0.73, 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 BEEZ and SPY?
78.8% of BEEZ's money is in holdings SPY also owns. 4.9% of SPY's is in holdings BEEZ also owns. They hold 20 positions in common, counted across the 26 positions we hold weights for in BEEZ and 503 in SPY.
Which pays a higher dividend, BEEZ or SPY?
BEEZ yields 0.53% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Is SPY better than BEEZ?
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 44.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.