BMDL vs SPY
VictoryShares WestEnd Economic Cycle Bond 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 | BMDL | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.09% | |
| AUM | $113M | $821.1B | |
| Dividend Yield | 3.96% | 1.01% | |
| Holdings | 420 | 505 | |
| YTD Return | +0.16% | +14.24% | |
| 1Y Return | +5.80% | +21.71% | |
| 3Y Return (annualized) | - | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | 4.6% | 15.3% | |
| Max Drawdown | -6.3% | -56.5% | |
| Fund Family | Victory Capital Management Inc. | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 21, 2024 | Jan 22, 1993 |
BMDL vs SPY Performance
VictoryShares WestEnd Economic Cycle Bond ETF (BMDL) is a ETF from Victory Capital Management Inc. and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BMDL returned +5.80% while SPY returned +21.71%. Year to date, BMDL is up 0.16% versus a gain of 14.24% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 4.6% for BMDL. 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 -6.3% for BMDL 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 0.27. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BMDL charges 0.40% per year while SPY charges 0.09%. On a $10,000 position that is $40 vs $9 annually, a gap of $31 per year that compounds over a long holding period. On income, BMDL currently yields 3.96% against 1.01% for SPY.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, BMDL or SPY?
BMDL has an expense ratio of 0.40% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, BMDL or SPY?
Over the past year BMDL returned +5.80% vs +21.71% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), BMDL annualized +4.37% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, BMDL or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 4.6% for BMDL. Worst drawdown: BMDL -6.3% vs SPY -56.5%.
Should I hold both BMDL and SPY?
BMDL and SPY have a monthly-return correlation of 0.27, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BMDL and SPY?
BMDL and SPY share 2 common holdings with a 0.1% weight overlap. Combined, they hold 914 unique securities.
Which pays a higher dividend, BMDL or SPY?
BMDL yields 3.96% while SPY yields 1.01%, so BMDL currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.