BKFI vs SPY
BNY Mellon Active Core Bond 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 | BKFI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.09% | |
| AUM | $250M | $821.1B | |
| Dividend Yield | 2.16% | 1.01% | |
| Holdings | 249 | 505 | |
| YTD Return | -0.17% | +13.47% | |
| 1Y Return | - | +20.57% | |
| 3Y Return (annualized) | - | +21.83% | |
| 5Y Return (annualized) | - | +12.88% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -3.1% | -56.5% | |
| Fund Family | BNY Mellon Investment Management | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jan 12, 2026 | Jan 22, 1993 |
BKFI vs SPY Performance
BNY Mellon Active Core Bond ETF (BKFI) 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. Year to date, BKFI is down 0.17% versus a gain of 13.47% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -3.1% for BKFI and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
BKFI 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, BKFI currently yields 2.16% against 1.01% for SPY.
Holdings Overlap
BKFI and SPY share 0 holdings out of 580 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BKFI or SPY?
BKFI has an expense ratio of 0.40% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
What is the holdings overlap between BKFI and SPY?
BKFI and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 580 unique securities.
Which pays a higher dividend, BKFI or SPY?
BKFI yields 2.16% while SPY yields 1.01%, so BKFI currently pays the higher dividend yield.
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