BESF vs SPY

BESF vs SPY
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Quick Verdict

SPY has a lower expense ratio. BESF delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.

Lower Fees: SPYHigher Returns: BESFMore Diversified: SPY

Side-by-Side Comparison

MetricBESFSPYWinner
Expense Ratio0.80%0.09%
AUM$34M$821.1B
Dividend Yield5.85%1.01%
Holdings21505
YTD Return+17.96%+12.22%
1Y Return+62.91%+20.83%
3Y Return (annualized)-+21.70%
5Y Return (annualized)-+12.98%
Volatility (annualized)16.3%15.3%
Max Drawdown-11.0%-56.5%
Fund FamilyEA Series TrustState Street Investment Management
CategoryEquityEquity
InceptionJun 3, 2025Jan 22, 1993

BESF vs SPY Performance

Bastion Energy ETF (BESF) is a ETF from EA Series Trust and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BESF returned +62.91% while SPY returned +20.83%. Year to date, BESF is up 17.96% versus a gain of 12.22% for SPY.

Risk: Volatility and Drawdowns

BESF has been the more volatile fund, with annualized monthly volatility of 16.3% 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 -11.0% for BESF 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 -0.24. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

BESF charges 0.80% per year while SPY charges 0.09%. On a $10,000 position that is $80 vs $9 annually, a gap of $71 per year that compounds over a long holding period. On income, BESF currently yields 5.85% against 1.01% for SPY.

Holdings Overlap

0.5%overlap

BESF and SPY share 7 holdings out of 519 unique holdings combined, representing a 0.5% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in BESFWeight in SPYDifference
WMB5.17%0.13%5.04%
OKE5.10%0.08%5.02%
EQT4.63%0.05%4.58%
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SREProProPro
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Frequently Asked Questions

Which is cheaper, BESF or SPY?

BESF has an expense ratio of 0.80% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $71 per year of difference.

Which performed better, BESF or SPY?

Over the past year BESF returned +62.91% vs +20.83% for SPY, so BESF leads on 1-year performance. Over the longest common window we track (1 years), BESF annualized +56.76% vs +8.79% for SPY. Past performance does not guarantee future results.

Which is riskier, BESF or SPY?

BESF has been the more volatile fund at 16.3% annualized versus 15.3% for SPY. Worst drawdown: BESF -11.0% vs SPY -56.5%.

Should I hold both BESF and SPY?

BESF and SPY have a monthly-return correlation of -0.24, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between BESF and SPY?

BESF and SPY share 7 common holdings with a 0.5% weight overlap. Combined, they hold 519 unique securities.

Which pays a higher dividend, BESF or SPY?

BESF yields 5.85% while SPY yields 1.01%, so BESF currently pays the higher dividend yield.

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