BFIX vs SPY
Build Bond Innovation 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 503 holdings.
Side-by-Side Comparison
| Metric | BFIX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.09% | |
| AUM | $14M | $789.1B | |
| Dividend Yield | 3.88% | 1.01% | |
| Holdings | 116 | 505 | |
| YTD Return | +0.69% | +13.79% | |
| 1Y Return | +2.92% | +23.66% | |
| 3Y Return (annualized) | +7.29% | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 3.7% | 15.3% | |
| Max Drawdown | -8.0% | -56.5% | |
| Fund Family | BUILD FUNDS TRUST | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Feb 9, 2022 | Jan 22, 1993 |
BFIX vs SPY Performance
Build Bond Innovation ETF (BFIX) is a ETF from BUILD FUNDS TRUST and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BFIX returned +2.92% while SPY returned +23.66%. Year to date, BFIX is up 0.69% versus a gain of 13.79% for SPY.
Over three years, BFIX compounded at +7.29% per year against +21.40% for SPY. Across the full 5-year window we track, SPY has the edge at +8.85% annualized vs +3.74%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 3.7% 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 -8.0% for BFIX 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BFIX charges 0.45% per year while SPY charges 0.09%. On a $10,000 position that is $45 vs $9 annually, a gap of $36 per year that compounds over a long holding period. On income, BFIX currently yields 3.88% against 1.01% for SPY.
Holdings Overlap
BFIX and SPY share 1 holdings out of 585 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in BFIX | Weight in SPY | Difference |
|---|---|---|---|
| SO | 0.89% | 0.17% | 0.72% |
Frequently Asked Questions
Which is cheaper, BFIX or SPY?
BFIX has an expense ratio of 0.45% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, BFIX or SPY?
Over the past year BFIX returned +2.92% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), BFIX annualized +3.74% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, BFIX or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 3.7% for BFIX. Worst drawdown: BFIX -8.0% vs SPY -56.5%.
Should I hold both BFIX and SPY?
BFIX and SPY have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BFIX and SPY?
BFIX and SPY share 1 common holdings with a 0.2% weight overlap. Combined, they hold 585 unique securities.
Which pays a higher dividend, BFIX or SPY?
BFIX yields 3.88% while SPY yields 1.01%, so BFIX currently pays the higher dividend yield.
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