BFIX vs SECR
Build Bond Innovation ETF vs NYLIM MacKay Securitized Income ETF
Which is better, BFIX or SECR?
BFIX has been ahead.
SECR has a lower expense ratio. BFIX led over 1Y and the full window.
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 | BFIX | SECR |
|---|---|---|
| Expense Ratio | 0.45% | 0.28%Best |
| AUM | $12M | $160M |
| Dividend Yield | 3.93% | 7.14% |
| Holdings | 226 | 461 |
| YTD Return | +0.12%Best | -2.03% |
| 1Y Return | +0.43%Best | -1.84% |
| 3Y Return (annualized) | +7.37% | - |
| Volatility (annualized) | 3.1%Best | 4.7% |
| Max Drawdown | -4.0%Best | -5.1% |
| $10,000 over 2.4 years | $11,774Best | $10,977 |
| Fund Family | BUILD FUNDS TRUST | New York Life Investment Management LLC |
| Category | Fixed Income | Fixed Income |
| Style | Long Term High Quality | Long Term High Quality |
| Inception | Feb 9, 2022 | May 31, 2024 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: May 31, 2024 to Oct 14, 2026 (2.4 years).
BFIX vs SECR 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 2.4 years both funds cover.
BFIX vs SECR Performance
Build Bond Innovation ETF (BFIX) is an ETF from BUILD FUNDS TRUST and NYLIM MacKay Securitized Income ETF (SECR) is an ETF from New York Life Investment Management LLC. Over the past year BFIX returned +0.43% while SECR returned -1.84%. Year to date, BFIX is up 0.12% versus a loss of 2.03% for SECR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SECR has been the more volatile fund, with annualized monthly volatility of 4.7% compared with 3.1% for BFIX. 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 -4.0% for BFIX and -5.1% for SECR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.55. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BFIX charges 0.45% per year while SECR charges 0.28%. On a $10,000 position that is $45 vs $28 annually, a gap of $17 per year that compounds over a long holding period. On income, BFIX currently yields 3.93% against 7.14% for SECR.
Holdings Overlap
We hold position weights for 93 holdings in BFIX and 96 in SECR, totalling 43.4% and 37.4% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 93 positions we hold weights for in BFIX and 96 in SECR, against full books of 226 and 461.
You are not choosing between two funds in isolation.
Whichever of BFIX and SECR you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BFIX or SECR?
BFIX has an expense ratio of 0.45% while SECR charges 0.28%. SECR is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, BFIX or SECR?
Over the past year BFIX returned +0.43% vs -1.84% for SECR, so BFIX leads on 1-year performance. Over the longest common window we track (2 years), BFIX annualized +7.04% vs +3.96% for SECR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BFIX or SECR?
SECR has been the more volatile fund at 4.7% annualized versus 3.1% for BFIX. Worst drawdown: BFIX -4.0% vs SECR -5.1%.
Should I hold both BFIX and SECR?
BFIX and SECR have a monthly-return correlation of 0.55, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BFIX or SECR?
BFIX yields 3.93% while SECR yields 7.14%, so SECR currently pays the higher dividend yield.
Is SECR better than BFIX?
SECR has a lower expense ratio. BFIX led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.