BGIG vs SPY
Bahl & Gaynor Income Growth ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BGIG or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 40.7%.
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 | BGIG | SPY |
|---|---|---|
| Expense Ratio | 0.45% | 0.09%Best |
| AUM | $2.2B | $804.7B |
| Dividend Yield | 1.83% | 0.98% |
| Holdings | 55 | 505 |
| YTD Return | +11.41% | +12.99%Best |
| 1Y Return | +14.25% | +16.73%Best |
| 3Y Return (annualized) | +16.63% | +22.52%Best |
| 5Y Return (annualized) | - | +13.07% |
| Volatility (annualized) | 9.1%Best | 12.4% |
| Max Drawdown | -13.2%Best | -18.8% |
| $10,000 over 3 years | $15,324 | $17,834Best |
| Top 10 Weight | 40.7% | 37.8%Best |
| Fund Family | Bahl & Gaynor | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 14, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Sep 15, 2023 to Sep 23, 2026 (3 years).
BGIG vs SPY 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 3 years both funds cover.
BGIG vs SPY Performance
Bahl & Gaynor Income Growth ETF (BGIG) is an ETF from Bahl & Gaynor and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BGIG returned +14.25% while SPY returned +16.73%. Year to date, BGIG is up 11.41% versus a gain of 12.99% for SPY.
Over three years, BGIG compounded at +16.63% per year against +22.52% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.4% compared with 9.1% 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 -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.73. 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 0.98% for SPY.
Holdings Overlap
91.9% of BGIG's money is in holdings SPY also owns. 21.3% of SPY's money is in holdings BGIG also owns.
Most of BGIG is already inside SPY. Owning both mostly buys the same companies twice.
45 positions in common, counted across the 49 positions we hold weights for in BGIG and 504 in SPY, against full books of 55 and 505.
What only one of them owns
Our book lists 452 positions for SPY that do not appear in our book for BGIG (78.1% of the fund), and 1 for BGIG that do not appear in SPY (0.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in BGIG | Weight in SPY | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.01% | 5.66% | 0.65% |
| AVGOBroadcom Inc | 4.67% | 2.66% | 2.01% |
| JNJJohnson & Johnson - Common | 4.13% | 0.99% | 3.14% |
| UNHUnitedhealth Group Incorporated | 4.44% | 0.55% | 3.89% |
| ABBVAbbvie Inc. | 4.03% | 0.70% | 3.33% |
| LLYEli Lilly & Co. | 3.19% | 1.40% | 1.79% |
| JPMJpmorgan Chase | 3.13% | 1.45% | 1.68% |
| PNCPnc Financial Services Group Inc. | 3.92% | 0.14% | 3.78% |
| APOAthene (Ath) / Apollo Global Management (Apo) | 3.60% | 0.09% | 3.51% |
| CVXChevron Corp | 2.90% | 0.60% | 2.30% |
91.9% of BGIG is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $36 a year on a $10,000 investment.
Which performed better, BGIG or SPY?
Over the past year BGIG returned +14.25% vs +16.73% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BGIG or SPY?
SPY has been the more volatile fund at 12.4% annualized versus 9.1% for BGIG. Worst drawdown: BGIG -13.2% vs SPY -18.8%.
Should I hold both BGIG and SPY?
BGIG and SPY have a monthly-return correlation of 0.73, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BGIG and SPY?
91.9% of BGIG's money is in holdings SPY also owns. 21.3% of SPY's is in holdings BGIG also owns. They hold 45 positions in common, counted across the 49 positions we hold weights for in BGIG and 504 in SPY.
Which pays a higher dividend, BGIG or SPY?
BGIG yields 1.83% while SPY yields 0.98%, so BGIG currently pays the higher dividend yield.
Is SPY better than BGIG?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 40.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.