BLCN vs SPY
Siren NexGen Economy ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BLCN or SPY?
Multi Alternative against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 61.9%.
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 | BLCN | SPY |
|---|---|---|
| Expense Ratio | 0.68% | 0.09%Best |
| AUM | $33M | $814.4B |
| Dividend Yield | 2.71% | 1.01% |
| Holdings | 27 | 505 |
| Volatility (annualized) | 28.1% | 16.5%Best |
| Max Drawdown | -67.5% | -34.1%Best |
| $10,000 over 8.5 years | $10,984 | $29,012Best |
| Top 10 Weight | 61.9% | 38.0%Best |
| Fund Family | SRN Advisors | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Jan 16, 2018 | Jan 22, 1993 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 52 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. BLCN has data through Jul 14, 2026 and SPY through Sep 4, 2026.
Volatility and max drawdown, and the $10,000 over 8.5 years row, are measured over the window both funds cover: Jan 17, 2018 to Jul 14, 2026 (8.5 years).
Risk: Volatility and Drawdowns
BLCN has been the more volatile fund, with annualized monthly volatility of 28.1% compared with 16.5% for SPY. 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 -67.5% for BLCN and -34.1% 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BLCN charges 0.68% per year while SPY charges 0.09%. On a $10,000 position that is $68 vs $9 annually, a gap of $59 per year that compounds over a long holding period. On income, BLCN currently yields 2.71% against 1.01% for SPY.
Holdings Overlap
20.0% of BLCN's money is in holdings SPY also owns. 9.0% of SPY's money is in holdings BLCN also owns.
BLCN and SPY share little of their money.
The two holdings books were reported 96 days apart, BLCN as of Apr 30, 2026 and SPY as of Aug 4, 2026, so some of the difference between them is the time between the two reports rather than the funds.
6 positions in common, counted across the 22 positions we hold weights for in BLCN and 504 in SPY, against full books of 27 and 505.
What only one of them owns
Our book lists 490 positions for SPY that do not appear in our book for BLCN (90.5% of the fund), and 4 for BLCN that do not appear in SPY (29.9%).
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.
20.0% of BLCN is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BLCN or SPY?
BLCN has an expense ratio of 0.68% while SPY charges 0.09%. SPY is the cheaper option, by $59 a year on a $10,000 investment.
Which is riskier, BLCN or SPY?
BLCN has been the more volatile fund at 28.1% annualized versus 16.5% for SPY. Worst drawdown: BLCN -67.5% vs SPY -34.1%.
Should I hold both BLCN and SPY?
BLCN and SPY have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BLCN and SPY?
20.0% of BLCN's money is in holdings SPY also owns. 9.0% of SPY's is in holdings BLCN also owns. They hold 6 positions in common, counted across the 22 positions we hold weights for in BLCN and 504 in SPY.
Which pays a higher dividend, BLCN or SPY?
BLCN yields 2.71% while SPY yields 1.01%, so BLCN currently pays the higher dividend yield.
Is SPY better than BLCN?
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 61.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.