BLKC vs SPY
Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BLKC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.09% | |
| AUM | $4M | $821.1B | |
| Dividend Yield | 21.31% | 1.01% | |
| Holdings | 85 | 505 | |
| YTD Return | -15.28% | +12.93% | |
| 1Y Return | -2.78% | +20.62% | |
| 3Y Return (annualized) | +38.07% | +22.00% | |
| 5Y Return (annualized) | - | +13.33% | |
| Volatility (annualized) | 42.4% | 15.3% | |
| Max Drawdown | -72.8% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Oct 7, 2021 | Jan 22, 1993 |
BLKC vs SPY Performance
Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) is a ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BLKC returned -2.78% while SPY returned +20.62%. Year to date, BLKC is down 15.28% versus a gain of 12.93% for SPY.
Over three years, BLKC compounded at +38.07% per year against +22.00% for SPY. Across the full 4-year window we track, SPY has the edge at +8.82% annualized vs +2.34%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BLKC has been the more volatile fund, with annualized monthly volatility of 42.4% 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 -72.8% for BLKC 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BLKC charges 0.60% per year while SPY charges 0.09%. On a $10,000 position that is $60 vs $9 annually, a gap of $51 per year that compounds over a long holding period. On income, BLKC currently yields 21.31% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, BLKC or SPY?
BLKC has an expense ratio of 0.60% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, BLKC or SPY?
Over the past year BLKC returned -2.78% vs +20.62% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), BLKC annualized +2.34% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, BLKC or SPY?
BLKC has been the more volatile fund at 42.4% annualized versus 15.3% for SPY. Worst drawdown: BLKC -72.8% vs SPY -56.5%.
Should I hold both BLKC and SPY?
BLKC and SPY have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, BLKC or SPY?
BLKC yields 21.31% while SPY yields 1.01%, so BLKC currently pays the higher dividend yield.
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