BGIG vs SPY
Bahl & Gaynor Income Growth 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 | BGIG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.09% | |
| AUM | $2.3B | $821.1B | |
| Dividend Yield | 1.83% | 1.01% | |
| Holdings | 55 | 505 | |
| YTD Return | +14.49% | +12.22% | |
| 1Y Return | +19.98% | +20.83% | |
| 3Y Return (annualized) | +16.89% | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 9.0% | 15.3% | |
| Max Drawdown | -13.2% | -56.5% | |
| Fund Family | Bahl & Gaynor | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 14, 2023 | Jan 22, 1993 |
BGIG vs SPY Performance
Bahl & Gaynor Income Growth ETF (BGIG) is a ETF from Bahl & Gaynor and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BGIG returned +19.98% while SPY returned +20.83%. Year to date, BGIG is up 14.49% versus a gain of 12.22% for SPY.
Over three years, BGIG compounded at +16.89% per year against +21.70% for SPY. Across the full 3-year window we track, BGIG has the edge at +16.89% annualized vs +8.79%. 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 9.0% for BGIG. 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 -13.2% for BGIG 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BGIG 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, BGIG currently yields 1.83% against 1.01% for SPY.
Holdings Overlap
BGIG and SPY share 47 holdings out of 507 unique holdings combined, representing a 19.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BGIG or SPY?
BGIG 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, BGIG or SPY?
Over the past year BGIG returned +19.98% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), BGIG annualized +16.89% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, BGIG or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 9.0% for BGIG. Worst drawdown: BGIG -13.2% vs SPY -56.5%.
Should I hold both BGIG and SPY?
BGIG and SPY have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BGIG and SPY?
BGIG and SPY share 47 common holdings with a 19.9% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, BGIG or SPY?
BGIG yields 1.83% while SPY yields 1.01%, so BGIG currently pays the higher dividend yield.
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