BEEZ vs SPY
Honeytree US Equity 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 | BEEZ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.64% | 0.09% | |
| AUM | $6M | $789.1B | |
| Dividend Yield | 0.54% | 1.01% | |
| Holdings | 27 | 505 | |
| YTD Return | +8.43% | +14.47% | |
| 1Y Return | +6.55% | +21.96% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | 11.9% | 15.3% | |
| Max Drawdown | -18.6% | -56.5% | |
| Fund Family | Honeytree | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 6, 2023 | Jan 22, 1993 |
BEEZ vs SPY Performance
Honeytree US Equity ETF (BEEZ) is a ETF from Honeytree and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BEEZ returned +6.55% while SPY returned +21.96%. Year to date, BEEZ is up 8.43% versus a gain of 14.47% 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 BEEZ. 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 -18.6% for BEEZ 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 0.73. 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 0.54% against 1.01% for SPY.
Holdings Overlap
BEEZ and SPY share 1 holdings out of 507 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in BEEZ | Weight in SPY | Difference |
|---|---|---|---|
| PNR | 3.60% | 0.02% | 3.58% |
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. On a $10,000 investment, that is $55 per year of difference.
Which performed better, BEEZ or SPY?
Over the past year BEEZ returned +6.55% vs +21.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), BEEZ annualized +12.54% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, BEEZ or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 11.9% for BEEZ. Worst drawdown: BEEZ -18.6% vs SPY -56.5%.
Should I hold both BEEZ and SPY?
BEEZ and SPY have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BEEZ and SPY?
BEEZ and SPY share 1 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, BEEZ or SPY?
BEEZ yields 0.54% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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