BINC vs SPY
iShares Flexible Income Active ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BINC or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window.
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 | BINC | SPY |
|---|---|---|
| Expense Ratio | 0.40% | 0.09%Best |
| AUM | $16.6B | $804.7B |
| Dividend Yield | 5.87% | 0.98% |
| Holdings | 4,729 | 505 |
| YTD Return | +0.67% | +11.52%Best |
| 1Y Return | +2.20% | +17.48%Best |
| 3Y Return (annualized) | +6.47% | +20.62%Best |
| 5Y Return (annualized) | - | +12.73% |
| Volatility (annualized) | 3.3%Best | 12.8% |
| Max Drawdown | -2.7%Best | -18.8% |
| $10,000 over 3.3 years | $12,264 | $19,062Best |
| Fund Family | BlackRock, Inc. (US) | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | - | Large Cap Blend |
| Inception | May 19, 2023 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.3 years row, are measured over the window both funds cover: May 23, 2023 to Sep 10, 2026 (3.3 years).
BINC 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 3.3 years both funds cover.
BINC vs SPY Performance
iShares Flexible Income Active ETF (BINC) 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 BINC returned +2.20% while SPY returned +17.48%. Year to date, BINC is up 0.67% versus a gain of 11.52% for SPY.
Over three years, BINC compounded at +6.47% per year against +20.62% 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 12.8% compared with 3.3% for BINC. 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 -2.7% for BINC 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 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BINC charges 0.40% per year while SPY charges 0.09%. On a $10,000 position that is $40 vs $9 annually, a gap of $31 per year that compounds over a long holding period. On income, BINC currently yields 5.87% against 0.98% for SPY.
Holdings Overlap
At least 3.4% of SPY's money is in holdings BINC also owns.
Stated as a floor: for BINC, our book for it covers 40.4% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SPY and BINC share little of their money.
3 positions in common, counted across the 1,029 positions we hold weights for in BINC and 504 in SPY, against full books of 4,729 and 505.
You are not choosing between two funds in isolation.
Whichever of BINC 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, BINC or SPY?
BINC has an expense ratio of 0.40% while SPY charges 0.09%. SPY is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, BINC or SPY?
Over the past year BINC returned +2.20% vs +17.48% 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, BINC or SPY?
SPY has been the more volatile fund at 12.8% annualized versus 3.3% for BINC. Worst drawdown: BINC -2.7% vs SPY -18.8%.
Should I hold both BINC and SPY?
BINC and SPY have a monthly-return correlation of 0.67, 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 BINC and SPY?
At least 3.4% of SPY's money is in holdings BINC also owns. Our book for BINC is partial, so the real figure is this or higher. They hold 3 positions in common, counted across the 1,029 positions we hold weights for in BINC and 504 in SPY.
Which pays a higher dividend, BINC or SPY?
BINC yields 5.87% while SPY yields 0.98%, so BINC currently pays the higher dividend yield.
Is SPY better than BINC?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.