BFRE vs SPY

Quick Verdict

SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.

Lower Fees: SPYHigher Returns: SPYMore Diversified: SPY

Side-by-Side Comparison

MetricBFRESPYWinner
Expense Ratio0.50%0.09%
AUM$2M$789.1B
Dividend Yield0.95%1.01%
Holdings211505
YTD Return+2.25%+13.79%
1Y Return+23.61%+23.66%
3Y Return (annualized)-+21.40%
5Y Return (annualized)-+13.37%
Volatility (annualized)-15.3%
Max Drawdown-12.2%-56.5%
Fund FamilyWestwood FundsState Street Investment Management
CategoryEquityEquity
InceptionMar 27, 2025Jan 22, 1993

BFRE vs SPY Performance

Westwood LBRTY Global Equity ETF (BFRE) is a ETF from Westwood Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BFRE returned +23.61% while SPY returned +23.66%. Year to date, BFRE is up 2.25% versus a gain of 13.79% for SPY.

Risk: Volatility and Drawdowns

The deepest peak-to-trough decline in our data was -12.2% for BFRE and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

Fees and Cost Over Time

BFRE charges 0.50% per year while SPY charges 0.09%. On a $10,000 position that is $50 vs $9 annually, a gap of $41 per year that compounds over a long holding period. On income, BFRE currently yields 0.95% against 1.01% for SPY.

Holdings Overlap

44.3%overlap

BFRE and SPY share 118 holdings out of 587 unique holdings combined, representing a 44.3% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in BFREWeight in SPYDifference
NVDA4.49%7.31%2.82%
AAPL3.60%7.09%3.49%
MSFT4.23%4.43%0.20%
AMZNProProPro
GOOGLProProPro
AVGOProProPro
METAProProPro
GOOGProProPro
TSLAProProPro
LLYProProPro
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Frequently Asked Questions

Which is cheaper, BFRE or SPY?

BFRE has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $41 per year of difference.

Which performed better, BFRE or SPY?

Over the past year BFRE returned +23.61% vs +23.66% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results.

What is the holdings overlap between BFRE and SPY?

BFRE and SPY share 118 common holdings with a 44.3% weight overlap. Combined, they hold 587 unique securities.

Which pays a higher dividend, BFRE or SPY?

BFRE yields 0.95% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.

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