BINV vs SPY
Brandes International ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BINV or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. BINV led over 1Y, 3Y and the full window. BINV is less concentrated, with 23.8% 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 | BINV | SPY |
|---|---|---|
| Expense Ratio | 0.70% | 0.09%Best |
| AUM | $537M | $814.4B |
| Dividend Yield | 2.07% | 1.01% |
| Holdings | 71 | 505 |
| YTD Return | +12.07% | +13.34%Best |
| 1Y Return | +23.09%Best | +19.97% |
| 3Y Return (annualized) | +24.42%Best | +21.20% |
| 5Y Return (annualized) | - | +12.81% |
| Volatility (annualized) | 12.2%Best | 12.3% |
| Max Drawdown | -14.9%Best | -18.8% |
| $10,000 over 2.9 years | $18,844Best | $18,704 |
| Top 10 Weight | 23.8%Best | 38.0% |
| Fund Family | Brandes Investment Partners | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 3, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Oct 5, 2023 to Sep 4, 2026 (2.9 years).
BINV 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 2.9 years both funds cover.
BINV vs SPY Performance
Brandes International ETF (BINV) is an ETF from Brandes Investment Partners and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BINV returned +23.09% while SPY returned +19.97%. Year to date, BINV is up 12.07% versus a gain of 13.34% for SPY.
Over three years, BINV compounded at +24.42% per year against +21.20% 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 12.3% compared with 12.2% for BINV. 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 -14.9% for BINV 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 0.40. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BINV charges 0.70% per year while SPY charges 0.09%. On a $10,000 position that is $70 vs $9 annually, a gap of $61 per year that compounds over a long holding period. On income, BINV currently yields 2.07% against 1.01% for SPY.
Holdings Overlap
We hold position weights for 69 holdings in BINV and 504 in SPY, totalling 99.9% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 69 positions we hold weights for in BINV and 504 in SPY, against full books of 71 and 505.
What only one of them owns
Our book lists 496 positions for SPY that do not appear in our book for BINV (99.5% of the fund), and 11 for BINV 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.
You are not choosing between two funds in isolation.
Whichever of BINV 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, BINV or SPY?
BINV has an expense ratio of 0.70% while SPY charges 0.09%. SPY is the cheaper option, by $61 a year on a $10,000 investment.
Which performed better, BINV or SPY?
Over the past year BINV returned +23.09% vs +19.97% for SPY, so BINV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BINV or SPY?
SPY has been the more volatile fund at 12.3% annualized versus 12.2% for BINV. Worst drawdown: BINV -14.9% vs SPY -18.8%.
Should I hold both BINV and SPY?
BINV and SPY have a monthly-return correlation of 0.40, 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, BINV or SPY?
BINV yields 2.07% while SPY yields 1.01%, so BINV currently pays the higher dividend yield.
Is SPY better than BINV?
SPY has a lower expense ratio. BINV led over 1Y, 3Y and the full window. BINV is less concentrated, with 23.8% 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.