BLCR vs SPY
iShares Large Cap Core Active ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BLCR or SPY?
BLCR has been ahead.
SPY has a lower expense ratio. BLCR led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 45.9%.
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 | BLCR | SPY |
|---|---|---|
| Expense Ratio | 0.36% | 0.09%Best |
| AUM | $6.7B | $814.4B |
| Dividend Yield | 0.30% | 1.01% |
| Holdings | 44 | 505 |
| YTD Return | +17.22%Best | +13.34% |
| 1Y Return | +28.55%Best | +19.97% |
| 3Y Return (annualized) | - | +21.20% |
| 5Y Return (annualized) | - | +12.81% |
| Volatility (annualized) | 15.9% | 12.3%Best |
| Max Drawdown | -21.3% | -18.8%Best |
| $10,000 over 2.9 years | $20,843Best | $19,497 |
| Top 10 Weight | 45.9% | 38.0%Best |
| Fund Family | BlackRock, Inc. (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 24, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Oct 26, 2023 to Sep 4, 2026 (2.9 years).
BLCR 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 2.9 years both funds cover.
BLCR vs SPY Performance
iShares Large Cap Core Active ETF (BLCR) is an ETF from BlackRock, Inc. (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BLCR returned +28.55% while SPY returned +19.97%. Year to date, BLCR is up 17.22% versus a gain of 13.34% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BLCR has been the more volatile fund, with annualized monthly volatility of 15.9% compared with 12.3% 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 -21.3% for BLCR and -18.8% 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BLCR charges 0.36% per year while SPY charges 0.09%. On a $10,000 position that is $36 vs $9 annually, a gap of $27 per year that compounds over a long holding period. On income, BLCR currently yields 0.30% against 1.01% for SPY.
Holdings Overlap
85.1% of BLCR's money is in holdings SPY also owns. 42.7% of SPY's money is in holdings BLCR also owns.
Most of BLCR is already inside SPY. Owning both mostly buys the same companies twice.
36 positions in common, counted across the 44 positions we hold weights for in BLCR and 504 in SPY, against full books of 44 and 505.
What only one of them owns
Our book lists 460 positions for SPY that do not appear in our book for BLCR (56.8% of the fund), and 7 for BLCR that do not appear in SPY (12.8%).
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.
Top Shared Holdings
| Stock | Weight in BLCR | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 6.81% | 7.71% | 0.90% |
| AMZNAmazon.Com Inc | 7.23% | 4.08% | 3.15% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.06% | 5.50% | 0.44% |
| AAPLApple, Inc | 3.21% | 6.83% | 3.62% |
| GOOGLAlphabet Inc.Class A | 4.87% | 3.33% | 1.54% |
| METAMeta Platform Inc | 4.17% | 1.94% | 2.23% |
| AVGOBroadcom Inc | 2.26% | 2.97% | 0.71% |
| VVisa Inc Class A | 3.91% | 0.92% | 2.99% |
| MUMicron Technology, Inc. | 3.23% | 1.51% | 1.72% |
| AMDAdvanced Micro Devices Inc | 2.68% | 1.27% | 1.41% |
85.1% of BLCR 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, BLCR or SPY?
BLCR has an expense ratio of 0.36% while SPY charges 0.09%. SPY is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, BLCR or SPY?
Over the past year BLCR returned +28.55% vs +19.97% for SPY, so BLCR leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BLCR or SPY?
BLCR has been the more volatile fund at 15.9% annualized versus 12.3% for SPY. Worst drawdown: BLCR -21.3% vs SPY -18.8%.
Should I hold both BLCR and SPY?
BLCR and SPY have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between BLCR and SPY?
85.1% of BLCR's money is in holdings SPY also owns. 42.7% of SPY's is in holdings BLCR also owns. They hold 36 positions in common, counted across the 44 positions we hold weights for in BLCR and 504 in SPY.
Which pays a higher dividend, BLCR or SPY?
BLCR yields 0.30% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Is SPY better than BLCR?
SPY has a lower expense ratio. BLCR led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 45.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.