BKCG vs SPY
BNY Mellon Concentrated Growth 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 505 holdings.
Side-by-Side Comparison
| Metric | BKCG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.09% | |
| AUM | $124M | $821.1B | |
| Dividend Yield | 0.60% | 1.01% | |
| Holdings | 30 | 505 | |
| YTD Return | +7.17% | +12.22% | |
| 1Y Return | +13.29% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 13.3% | 15.3% | |
| Max Drawdown | -12.1% | -56.5% | |
| Fund Family | BNY Mellon Investment Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 31, 2025 | Jan 22, 1993 |
BKCG vs SPY Performance
BNY Mellon Concentrated Growth ETF (BKCG) is a ETF from BNY Mellon Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BKCG returned +13.29% while SPY returned +20.83%. Year to date, BKCG is up 7.17% versus a gain of 12.22% 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 BKCG. 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 -12.1% for BKCG 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BKCG 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, BKCG currently yields 0.60% against 1.01% for SPY.
Holdings Overlap
BKCG and SPY share 22 holdings out of 511 unique holdings combined, representing a 36.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BKCG or SPY?
BKCG 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, BKCG or SPY?
Over the past year BKCG returned +13.29% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), BKCG annualized +18.85% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, BKCG or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 13.3% for BKCG. Worst drawdown: BKCG -12.1% vs SPY -56.5%.
Should I hold both BKCG and SPY?
BKCG and SPY have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between BKCG and SPY?
BKCG and SPY share 22 common holdings with a 36.5% weight overlap. Combined, they hold 511 unique securities.
Which pays a higher dividend, BKCG or SPY?
BKCG yields 0.60% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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