BKDV vs SPY
BNY Mellon Dynamic Value ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. BKDV delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BKDV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.09% | |
| AUM | $1.9B | $821.1B | |
| Dividend Yield | 0.53% | 1.01% | |
| Holdings | 85 | 505 | |
| YTD Return | +18.99% | +13.47% | |
| 1Y Return | +26.96% | +20.57% | |
| 3Y Return (annualized) | - | +21.83% | |
| 5Y Return (annualized) | - | +12.88% | |
| Volatility (annualized) | 12.0% | 15.3% | |
| Max Drawdown | -15.5% | -56.5% | |
| Fund Family | BNY Mellon Investment Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 1, 2024 | Jan 22, 1993 |
BKDV vs SPY Performance
BNY Mellon Dynamic Value ETF (BKDV) 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 BKDV returned +26.96% while SPY returned +20.57%. Year to date, BKDV is up 18.99% versus a gain of 13.47% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.0% for BKDV. 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 -15.5% for BKDV 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BKDV charges 0.60% per year while SPY charges 0.09%. On a $10,000 position that is $60 vs $9 annually, a gap of $51 per year that compounds over a long holding period. On income, BKDV currently yields 0.53% against 1.01% for SPY.
Holdings Overlap
BKDV and SPY share 71 holdings out of 515 unique holdings combined, representing a 22.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BKDV or SPY?
BKDV has an expense ratio of 0.60% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, BKDV or SPY?
Over the past year BKDV returned +26.96% vs +20.57% for SPY, so BKDV leads on 1-year performance. Over the longest common window we track (2 years), BKDV annualized +20.94% vs +8.83% for SPY. Past performance does not guarantee future results.
Which is riskier, BKDV or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 12.0% for BKDV. Worst drawdown: BKDV -15.5% vs SPY -56.5%.
Should I hold both BKDV and SPY?
BKDV and SPY have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BKDV and SPY?
BKDV and SPY share 71 common holdings with a 22.5% weight overlap. Combined, they hold 515 unique securities.
Which pays a higher dividend, BKDV or SPY?
BKDV yields 0.53% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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