BPRE vs SPY
Bluerock Private Real Estate Fund vs State Street SPDR S&P 500 ETF Trust
Which is better, BPRE or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y.
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 | BPRE | SPY |
|---|---|---|
| Expense Ratio | 3.54% | 0.09%Best |
| AUM | $3.2B | $804.7B |
| Dividend Yield | 4.30% | 0.98% |
| Holdings | 34 | 505 |
| YTD Return | -21.55% | +12.22%Best |
| 1Y Return | - | +16.97% |
| 3Y Return (annualized) | - | +21.16% |
| 5Y Return (annualized) | - | +13.00% |
| Fund Family | Bluerock Funds | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 16, 2025 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
BPRE 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
BPRE vs SPY Performance
Bluerock Private Real Estate Fund (BPRE) is an ETF from Bluerock Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, BPRE is down 21.55% versus a gain of 12.22% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
BPRE charges 3.54% per year while SPY charges 0.09%. On a $10,000 position that is $354 vs $9 annually, a gap of $345 per year that compounds over a long holding period. On income, BPRE currently yields 4.30% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 4 holdings in BPRE and 504 in SPY, totalling 16.8% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 244 days apart, BPRE as of Dec 31, 2025 and SPY as of Sep 1, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 4 positions we hold weights for in BPRE and 504 in SPY, against full books of 34 and 505.
You are not choosing between two funds in isolation.
Whichever of BPRE 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, BPRE or SPY?
BPRE has an expense ratio of 3.54% while SPY charges 0.09%. SPY is the cheaper option, by $345 a year on a $10,000 investment.
Which pays a higher dividend, BPRE or SPY?
BPRE yields 4.30% while SPY yields 0.98%, so BPRE currently pays the higher dividend yield.
Is SPY better than BPRE?
SPY has a lower expense ratio. SPY led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.