BIBL vs SPY
Inspire 100 ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BIBL or SPY?
Each has led over a different period.
SPY has a lower expense ratio. BIBL led over 1Y, SPY over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 39.0%.
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 | BIBL | SPY |
|---|---|---|
| Expense Ratio | 0.35% | 0.09%Best |
| AUM | $491M | $804.7B |
| Dividend Yield | 0.93% | 0.98% |
| Holdings | 100 | 505 |
| YTD Return | +18.42%Best | +12.09% |
| 1Y Return | +23.94%Best | +16.29% |
| 3Y Return (annualized) | +19.98% | +21.20%Best |
| 5Y Return (annualized) | +9.01% | +13.37%Best |
| Volatility (annualized) | 18.1% | 16.2%Best |
| Max Drawdown | -36.1% | -34.1%Best |
| $10,000 over 5 years | $15,393 | $18,728Best |
| Top 10 Weight | 39.0% | 37.8%Best |
| Fund Family | Inspire ETFs | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 30, 2017 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Oct 31, 2017 to Sep 18, 2026 (8.9 years).
BIBL 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 8.9 years both funds cover.
BIBL vs SPY Performance
Inspire 100 ETF (BIBL) is an ETF from Inspire ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BIBL returned +23.94% while SPY returned +16.29%. Year to date, BIBL is up 18.42% versus a gain of 12.09% for SPY.
Over three years, BIBL compounded at +19.98% per year against +21.20% for SPY; over five years the annualized figures are +9.01% and +13.37% respectively. Across the full 9-year window we track, SPY has the edge at +13.95% annualized vs +11.72%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BIBL has been the more volatile fund, with annualized monthly volatility of 18.1% compared with 16.2% 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 -36.1% for BIBL and -34.1% 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BIBL charges 0.35% per year while SPY charges 0.09%. On a $10,000 position that is $35 vs $9 annually, a gap of $26 per year that compounds over a long holding period. On income, BIBL currently yields 0.93% against 0.98% for SPY.
Holdings Overlap
88.0% of BIBL's money is in holdings SPY also owns. 5.6% of SPY's money is in holdings BIBL also owns.
Most of BIBL is already inside SPY. Owning both mostly buys the same companies twice.
68 positions in common, counted across the 99 positions we hold weights for in BIBL and 504 in SPY, against full books of 100 and 505.
What only one of them owns
Our book lists 430 positions for SPY that do not appear in our book for BIBL (93.8% of the fund), and 30 for BIBL that do not appear in SPY (11.8%).
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 BIBL | Weight in SPY | Difference |
|---|---|---|---|
| CATCaterpillar, Inc. | 7.34% | 0.55% | 6.79% |
| ANETArista Networks Inc Common Stock | 5.31% | 0.30% | 5.01% |
| KLACKla Corp | 4.36% | 0.34% | 4.02% |
| APHAmphenol Corp. Class A | 4.06% | 0.31% | 3.75% |
| WELLWelltower, Inc. | 3.62% | 0.26% | 3.36% |
| IBKRInteractive Brokers Group Inc | 3.68% | 0.06% | 3.62% |
| PGRProgressive Corporation | 2.77% | 0.20% | 2.57% |
| PHParker-Hannifin Corp. | 2.61% | 0.18% | 2.43% |
| FTNTFortinet Inc | 2.54% | 0.15% | 2.39% |
| SLBSchlumberger Nv. | 2.32% | 0.13% | 2.19% |
88.0% of BIBL 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, BIBL or SPY?
BIBL has an expense ratio of 0.35% while SPY charges 0.09%. SPY is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, BIBL or SPY?
Over the past year BIBL returned +23.94% vs +16.29% for SPY, so BIBL leads on 1-year performance. Over the longest common window we track (9 years), BIBL annualized +11.72% vs +13.95% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BIBL or SPY?
BIBL has been the more volatile fund at 18.1% annualized versus 16.2% for SPY. Worst drawdown: BIBL -36.1% vs SPY -34.1%.
Should I hold both BIBL and SPY?
BIBL and SPY have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between BIBL and SPY?
88.0% of BIBL's money is in holdings SPY also owns. 5.6% of SPY's is in holdings BIBL also owns. They hold 68 positions in common, counted across the 99 positions we hold weights for in BIBL and 504 in SPY.
Which pays a higher dividend, BIBL or SPY?
BIBL yields 0.93% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than BIBL?
SPY has a lower expense ratio. BIBL led over 1Y, SPY over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 39.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.