BGY vs SPY
BlackRock Enhanced International Dividend Trust vs State Street SPDR S&P 500 ETF Trust
Which is better, BGY or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. BGY is less concentrated, with 34.2% of the fund in its ten largest positions against 38.0%.
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 | BGY | SPY |
|---|---|---|
| Expense Ratio | 0.99% | 0.09%Best |
| AUM | $586M | $804.7B |
| Dividend Yield | 7.88% | 0.98% |
| Holdings | 127 | 505 |
| YTD Return | +4.21% | +11.52%Best |
| 1Y Return | +8.81% | +17.48%Best |
| 3Y Return (annualized) | +12.85% | +20.62%Best |
| 5Y Return (annualized) | +6.09% | +12.73%Best |
| Volatility (annualized) | 19.0% | 15.6%Best |
| Max Drawdown | -80.9% | -56.5%Best |
| $10,000 over 5 years | $13,439 | $18,205Best |
| Top 10 Weight | 34.2%Best | 38.0% |
| Fund Family | BlackRock, Inc. (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 25, 2007 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: May 25, 2007 to Sep 10, 2026 (19.3 years).
BGY 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 19.3 years both funds cover.
BGY vs SPY Performance
BlackRock Enhanced International Dividend Trust (BGY) is an ETF from BlackRock, Inc. (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BGY returned +8.81% while SPY returned +17.48%. Year to date, BGY is up 4.21% versus a gain of 11.52% for SPY.
Over three years, BGY compounded at +12.85% per year against +20.62% for SPY; over five years the annualized figures are +6.09% and +12.73% respectively. Across the full 19-year window we track, SPY has the edge at +9.11% annualized vs -4.07%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BGY has been the more volatile fund, with annualized monthly volatility of 19.0% compared with 15.6% for SPY. 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 -80.9% for BGY and -56.5% 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BGY charges 0.99% per year while SPY charges 0.09%. On a $10,000 position that is $99 vs $9 annually, a gap of $90 per year that compounds over a long holding period. On income, BGY currently yields 7.88% against 0.98% for SPY.
Holdings Overlap
1.0% of BGY's money is in holdings SPY also owns. 0.6% of SPY's money is in holdings BGY also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
The two holdings books were reported 126 days apart, BGY as of Mar 31, 2026 and SPY as of Aug 4, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 48 positions we hold weights for in BGY and 504 in SPY, against full books of 127 and 505.
What only one of them owns
Our book lists 493 positions for SPY that do not appear in our book for BGY (98.9% of the fund), and 1 for BGY that do not appear in SPY (1.9%).
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 BGY | Weight in SPY | Difference |
|---|---|---|---|
| GEGeneral Electric Co. | 0.98% | 0.59% | 0.39% |
You are not choosing between two funds in isolation.
Whichever of BGY and SPY 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, BGY or SPY?
BGY has an expense ratio of 0.99% while SPY charges 0.09%. SPY is the cheaper option, by $90 a year on a $10,000 investment.
Which performed better, BGY or SPY?
Over the past year BGY returned +8.81% vs +17.48% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (19 years), BGY annualized -4.07% vs +9.11% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BGY or SPY?
BGY has been the more volatile fund at 19.0% annualized versus 15.6% for SPY. Worst drawdown: BGY -80.9% vs SPY -56.5%.
Should I hold both BGY and SPY?
BGY and SPY have a monthly-return correlation of 0.77, 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, BGY or SPY?
BGY yields 7.88% while SPY yields 0.98%, so BGY currently pays the higher dividend yield.
Is SPY better than BGY?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. BGY is less concentrated, with 34.2% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.