BLDG vs SPY
Cambria Global Real Estate ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BLDG or SPY?
All Cap Blend against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. BLDG is less concentrated, with 19.3% of the fund in its ten largest positions against 38.0%.
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 | BLDG | SPY |
|---|---|---|
| Expense Ratio | 0.59% | 0.09%Best |
| AUM | $55M | $804.7B |
| Dividend Yield | 5.30% | 0.98% |
| Holdings | 84 | 505 |
| YTD Return | +8.98% | +12.19%Best |
| 1Y Return | +6.55% | +18.53%Best |
| 3Y Return (annualized) | +8.90% | +20.88%Best |
| 5Y Return (annualized) | +2.46% | +12.69%Best |
| Volatility (annualized) | 15.7% | 15.3%Best |
| Max Drawdown | -27.3% | -24.5%Best |
| $10,000 over 5 years | $11,292 | $18,173Best |
| Top 10 Weight | 19.3%Best | 38.0% |
| Fund Family | Cambria Investment Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Blend |
| Inception | Sep 24, 2020 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Sep 24, 2020 to Sep 9, 2026 (6 years).
BLDG 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 years both funds cover.
BLDG vs SPY Performance
Cambria Global Real Estate ETF (BLDG) is an ETF from Cambria Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BLDG returned +6.55% while SPY returned +18.53%. Year to date, BLDG is up 8.98% versus a gain of 12.19% for SPY.
Over three years, BLDG compounded at +8.90% per year against +20.88% for SPY; over five years the annualized figures are +2.46% and +12.69% respectively. Across the full 6-year window we track, SPY has the edge at +16.92% annualized vs +7.15%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BLDG has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 15.3% 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 -27.3% for BLDG 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BLDG charges 0.59% per year while SPY charges 0.09%. On a $10,000 position that is $59 vs $9 annually, a gap of $50 per year that compounds over a long holding period. On income, BLDG currently yields 5.30% against 0.98% for SPY.
Holdings Overlap
6.3% of BLDG's money is in holdings SPY also owns. 0.3% of SPY's money is in holdings BLDG also owns.
BLDG and SPY share little of their money.
5 positions in common, counted across the 78 positions we hold weights for in BLDG and 504 in SPY, against full books of 84 and 505.
What only one of them owns
Our book lists 490 positions for SPY that do not appear in our book for BLDG (99.1% of the fund), and 41 for BLDG that do not appear in SPY (56.8%).
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.
You are not choosing between two funds in isolation.
Whichever of BLDG 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, BLDG or SPY?
BLDG has an expense ratio of 0.59% while SPY charges 0.09%. SPY is the cheaper option, by $50 a year on a $10,000 investment.
Which performed better, BLDG or SPY?
Over the past year BLDG returned +6.55% vs +18.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (6 years), BLDG annualized +7.15% vs +16.92% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BLDG or SPY?
BLDG has been the more volatile fund at 15.7% annualized versus 15.3% for SPY. Worst drawdown: BLDG -27.3% vs SPY -24.5%.
Should I hold both BLDG and SPY?
BLDG and SPY have a monthly-return correlation of 0.79, 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 BLDG and SPY?
6.3% of BLDG's money is in holdings SPY also owns. 0.3% of SPY's is in holdings BLDG also owns. They hold 5 positions in common, counted across the 78 positions we hold weights for in BLDG and 504 in SPY.
Which pays a higher dividend, BLDG or SPY?
BLDG yields 5.30% while SPY yields 0.98%, so BLDG currently pays the higher dividend yield.
Is SPY better than BLDG?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. BLDG is less concentrated, with 19.3% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.