BILD vs SPY
Nomura Global Listed Infrastructure 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 503 holdings.
Side-by-Side Comparison
| Metric | BILD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.09% | |
| AUM | $8M | $789.1B | |
| Dividend Yield | 4.76% | 1.01% | |
| Holdings | 52 | 505 | |
| YTD Return | +8.58% | +13.79% | |
| 1Y Return | +14.02% | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 13.3% | 15.3% | |
| Max Drawdown | -17.4% | -56.5% | |
| Fund Family | Nomura Asset Management Co Ltd | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 28, 2023 | Jan 22, 1993 |
BILD vs SPY Performance
Nomura Global Listed Infrastructure ETF (BILD) is a ETF from Nomura Asset Management Co Ltd and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BILD returned +14.02% while SPY returned +23.66%. Year to date, BILD is up 8.58% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.3% for BILD. 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 -17.4% for BILD 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 0.16. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BILD 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, BILD currently yields 4.76% against 1.01% for SPY.
Holdings Overlap
BILD and SPY share 12 holdings out of 536 unique holdings combined, representing a 1.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BILD or SPY?
BILD 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, BILD or SPY?
Over the past year BILD returned +14.02% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), BILD annualized +10.26% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, BILD or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 13.3% for BILD. Worst drawdown: BILD -17.4% vs SPY -56.5%.
Should I hold both BILD and SPY?
BILD and SPY have a monthly-return correlation of 0.16, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BILD and SPY?
BILD and SPY share 12 common holdings with a 1.1% weight overlap. Combined, they hold 536 unique securities.
Which pays a higher dividend, BILD or SPY?
BILD yields 4.76% while SPY yields 1.01%, so BILD currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.