BLCV vs SPY
iShares Large Cap Value Active ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. BLCV delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | BLCV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.09% | |
| AUM | $337M | $789.1B | |
| Dividend Yield | 1.26% | 1.01% | |
| Holdings | 61 | 505 | |
| YTD Return | +0.62% | +13.39% | |
| 1Y Return | +23.61% | +22.52% | |
| 3Y Return (annualized) | +17.32% | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 12.2% | 15.3% | |
| Max Drawdown | -13.4% | -56.5% | |
| Fund Family | BlackRock, Inc. (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 19, 2023 | Jan 22, 1993 |
BLCV vs SPY Performance
iShares Large Cap Value Active ETF (BLCV) is a ETF from BlackRock, Inc. (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BLCV returned +23.61% while SPY returned +22.52%. Year to date, BLCV is up 0.62% versus a gain of 13.39% for SPY.
Over three years, BLCV compounded at +17.32% per year against +21.36% for SPY. Across the full 3-year window we track, BLCV has the edge at +17.32% annualized vs +8.84%. 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 12.2% for BLCV. 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 -13.4% for BLCV 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BLCV charges 0.45% per year while SPY charges 0.09%. On a $10,000 position that is $45 vs $9 annually, a gap of $36 per year that compounds over a long holding period. On income, BLCV currently yields 1.26% against 1.01% for SPY.
Holdings Overlap
BLCV and SPY share 44 holdings out of 515 unique holdings combined, representing a 25.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BLCV or SPY?
BLCV has an expense ratio of 0.45% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, BLCV or SPY?
Over the past year BLCV returned +23.61% vs +22.52% for SPY, so BLCV leads on 1-year performance. Over the longest common window we track (3 years), BLCV annualized +17.32% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, BLCV or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 12.2% for BLCV. Worst drawdown: BLCV -13.4% vs SPY -56.5%.
Should I hold both BLCV and SPY?
BLCV and SPY have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BLCV and SPY?
BLCV and SPY share 44 common holdings with a 25.4% weight overlap. Combined, they hold 515 unique securities.
Which pays a higher dividend, BLCV or SPY?
BLCV yields 1.26% while SPY yields 1.01%, so BLCV currently pays the higher dividend yield.
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