BKGI vs SPY
BNY Mellon Global Infrastructure Income 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 | BKGI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.09% | |
| AUM | $1.3B | $821.1B | |
| Dividend Yield | 2.90% | 1.01% | |
| Holdings | 38 | 505 | |
| YTD Return | +9.22% | +12.35% | |
| 1Y Return | +16.33% | +20.15% | |
| 3Y Return (annualized) | +21.19% | +21.69% | |
| 5Y Return (annualized) | - | +12.77% | |
| Volatility (annualized) | 13.6% | 15.3% | |
| Max Drawdown | -14.8% | -56.5% | |
| Fund Family | BNY Mellon Investment Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 2, 2022 | Jan 22, 1993 |
BKGI vs SPY Performance
BNY Mellon Global Infrastructure Income ETF (BKGI) 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 BKGI returned +16.33% while SPY returned +20.15%. Year to date, BKGI is up 9.22% versus a gain of 12.35% for SPY.
Over three years, BKGI compounded at +21.19% per year against +21.69% for SPY. Across the full 4-year window we track, BKGI has the edge at +20.38% annualized vs +8.79%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.6% for BKGI. 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 -14.8% for BKGI 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 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BKGI charges 0.55% per year while SPY charges 0.09%. On a $10,000 position that is $55 vs $9 annually, a gap of $46 per year that compounds over a long holding period. On income, BKGI currently yields 2.90% against 1.01% for SPY.
Holdings Overlap
BKGI and SPY share 7 holdings out of 527 unique holdings combined, representing a 0.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BKGI or SPY?
BKGI has an expense ratio of 0.55% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, BKGI or SPY?
Over the past year BKGI returned +16.33% vs +20.15% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), BKGI annualized +20.38% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, BKGI or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 13.6% for BKGI. Worst drawdown: BKGI -14.8% vs SPY -56.5%.
Should I hold both BKGI and SPY?
BKGI and SPY have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BKGI and SPY?
BKGI and SPY share 7 common holdings with a 0.6% weight overlap. Combined, they hold 527 unique securities.
Which pays a higher dividend, BKGI or SPY?
BKGI yields 2.90% while SPY yields 1.01%, so BKGI currently pays the higher dividend yield.
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