BKIE vs SPY
BNY Mellon International Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BKIE or SPY?
Each has led over a different period.
BKIE has a lower expense ratio. BKIE led over 1Y, SPY over 3Y, 5Y and the full window. BKIE is less concentrated, with 12.2% of the fund in its ten largest positions against 38.9%.
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 | BKIE | SPY |
|---|---|---|
| Expense Ratio | 0.04%Best | 0.09% |
| AUM | $1.3B | $777.9B |
| Dividend Yield | 5.01% | 1.00% |
| Holdings | 1,992 | 1,011 |
| YTD Return | +10.22% | +12.09%Best |
| 1Y Return | +14.02%Best | +12.45% |
| 3Y Return (annualized) | +19.15% | +21.45%Best |
| 5Y Return (annualized) | +9.27% | +11.87%Best |
| Volatility (annualized) | 15.1%Best | 15.2% |
| Max Drawdown | -28.2% | -24.5%Best |
| $10,000 over 5 years | $15,578 | $17,521Best |
| Top 10 Weight | 12.2%Best | 38.9% |
| Fund Family | BNY Mellon Investment Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 22, 2020 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Apr 24, 2020 to Nov 11, 2026 (6.5 years).
BKIE 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 6.5 years both funds cover.
BKIE vs SPY Performance
BNY Mellon International Equity ETF (BKIE) is an ETF from BNY Mellon Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BKIE returned +14.02% while SPY returned +12.45%. Year to date, BKIE is up 10.22% versus a gain of 12.09% for SPY.
Over three years, BKIE compounded at +19.15% per year against +21.45% for SPY; over five years the annualized figures are +9.27% and +11.87% respectively. Across the full 7-year window we track, SPY has the edge at +17.65% annualized vs +13.97%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 15.1% for BKIE. 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 -28.2% for BKIE and -24.5% 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BKIE charges 0.04% per year while SPY charges 0.09%. On a $10,000 position that is $4 vs $9 annually, a gap of $5 per year that compounds over a long holding period. On income, BKIE currently yields 5.01% against 1.00% for SPY.
Holdings Overlap
0.1% of BKIE's money is in holdings SPY also owns. 0.1% of SPY's money is in holdings BKIE also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
2 positions in common, counted across the 957 positions we hold weights for in BKIE and 504 in SPY, against full books of 1,992 and 1,011.
What only one of them owns
Our book lists 497 positions for SPY that do not appear in our book for BKIE (99.6% of the fund), and 19 for BKIE that do not appear in SPY (3.1%).
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 BKIE 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, BKIE or SPY?
BKIE has an expense ratio of 0.04% while SPY charges 0.09%. BKIE is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, BKIE or SPY?
Over the past year BKIE returned +14.02% vs +12.45% for SPY, so BKIE leads on 1-year performance. Over the longest common window we track (7 years), BKIE annualized +13.97% vs +17.65% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BKIE or SPY?
SPY has been the more volatile fund at 15.2% annualized versus 15.1% for BKIE. Worst drawdown: BKIE -28.2% vs SPY -24.5%.
Should I hold both BKIE and SPY?
BKIE and SPY have a monthly-return correlation of 0.81, 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, BKIE or SPY?
BKIE yields 5.01% while SPY yields 1.00%, so BKIE currently pays the higher dividend yield.
Is SPY better than BKIE?
BKIE has a lower expense ratio. BKIE led over 1Y, SPY over 3Y, 5Y and the full window. BKIE is less concentrated, with 12.2% of the fund in its ten largest positions against 38.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.