BRCE vs SPY
MFS Blended Research Core Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BRCE or SPY?
Nearly the same fund. SPY costs less.
SPY has a lower expense ratio. BRCE led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. SPY is less concentrated, with 37.1% of the fund in its ten largest positions against 40.3%.
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 | BRCE | SPY |
|---|---|---|
| Expense Ratio | 0.24% | 0.09%Best |
| AUM | $57M | $797.9B |
| Dividend Yield | 0.71% | 1.00% |
| Holdings | 326 | 504 |
| YTD Return | +13.51%Best | +11.28% |
| 1Y Return | +16.33%Best | +13.46% |
| 3Y Return (annualized) | - | +20.37% |
| 5Y Return (annualized) | - | +11.54% |
| Volatility (annualized) | 12.0%Best | 12.8% |
| Max Drawdown | -8.8%Best | -8.9% |
| $10,000 over 1.1 years | $11,779Best | $11,476 |
| Top 10 Weight | 40.3% | 37.1%Best |
| Fund Family | MFS Investment Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 22, 2025 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Oct 22, 2025 to Nov 13, 2026 (1.1 years).
BRCE 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 1.1 years both funds cover.
BRCE vs SPY Performance
MFS Blended Research Core Equity ETF (BRCE) is an ETF from MFS Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BRCE returned +16.33% while SPY returned +13.46%. Year to date, BRCE is up 13.51% versus a gain of 11.28% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 12.0% for BRCE. 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 -8.8% for BRCE and -8.9% 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BRCE charges 0.24% per year while SPY charges 0.09%. On a $10,000 position that is $24 vs $9 annually, a gap of $15 per year that compounds over a long holding period. On income, BRCE currently yields 0.71% against 1.00% for SPY.
Holdings Overlap
89.8% of BRCE's money is in holdings SPY also owns. 58.9% of SPY's money is in holdings BRCE also owns.
Most of BRCE is already inside SPY. Owning both mostly buys the same companies twice.
87 positions in common, counted across the 106 positions we hold weights for in BRCE and 502 in SPY, against full books of 326 and 504.
What only one of them owns
Our book lists 413 positions for SPY that do not appear in our book for BRCE (40.8% of the fund), and 16 for BRCE that do not appear in SPY (9.0%).
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.
Top Shared Holdings
| Stock | Weight in BRCE | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 9.11% | 7.52% | 1.59% |
| AAPLApple, Inc | 7.46% | 7.60% | 0.14% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.30% | 5.79% | 0.49% |
| AMZNAmazon.Com Inc | 3.98% | 3.71% | 0.27% |
| GOOGLAlphabet Inc | 3.16% | 2.52% | 0.64% |
| AVGOBroadcom Inc | 2.45% | 2.36% | 0.09% |
| METAMeta Platform Inc | 2.39% | 2.06% | 0.33% |
| GOOGAlphabet Inc | 1.82% | 2.03% | 0.21% |
| MUMicron Technology, Inc. | 2.09% | 1.45% | 0.64% |
| JNJJohnson & Johnson - Common | 2.22% | 1.00% | 1.22% |
89.8% of BRCE is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BRCE or SPY?
BRCE has an expense ratio of 0.24% while SPY charges 0.09%. SPY is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, BRCE or SPY?
Over the past year BRCE returned +16.33% vs +13.46% for SPY, so BRCE leads on 1-year performance. Over the longest common window we track (1 years), BRCE annualized +16.05% vs +13.33% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BRCE or SPY?
SPY has been the more volatile fund at 12.8% annualized versus 12.0% for BRCE. Worst drawdown: BRCE -8.8% vs SPY -8.9%.
Should I hold both BRCE and SPY?
BRCE and SPY have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between BRCE and SPY?
89.8% of BRCE's money is in holdings SPY also owns. 58.9% of SPY's is in holdings BRCE also owns. They hold 87 positions in common, counted across the 106 positions we hold weights for in BRCE and 502 in SPY.
Which pays a higher dividend, BRCE or SPY?
BRCE yields 0.71% while SPY yields 1.00%, so SPY currently pays the higher dividend yield.
Is SPY better than BRCE?
SPY has a lower expense ratio. BRCE led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. SPY is less concentrated, with 37.1% of the fund in its ten largest positions against 40.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.