BRNY vs SPY
Burney US Factor Rotation ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. BRNY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BRNY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.09% | |
| AUM | $619M | $814.4B | |
| Dividend Yield | 0.21% | 1.01% | |
| Holdings | 74 | 505 | |
| YTD Return | +14.84% | +12.60% | |
| 1Y Return | +26.65% | +20.83% | |
| 3Y Return (annualized) | +26.26% | +20.98% | |
| 5Y Return (annualized) | - | +12.56% | |
| Volatility (annualized) | 14.5% | 15.3% | |
| Max Drawdown | -19.1% | -56.5% | |
| Fund Family | Burney Investment Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 13, 2022 | Jan 22, 1993 |
BRNY vs SPY Performance
Burney US Factor Rotation ETF (BRNY) is a ETF from Burney Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BRNY returned +26.65% while SPY returned +20.83%. Year to date, BRNY is up 14.84% versus a gain of 12.60% for SPY.
Over three years, BRNY compounded at +26.26% per year against +20.98% for SPY. Across the full 4-year window we track, BRNY has the edge at +25.53% annualized vs +8.79%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.5% for BRNY. 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 -19.1% for BRNY 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BRNY charges 0.79% per year while SPY charges 0.09%. On a $10,000 position that is $79 vs $9 annually, a gap of $70 per year that compounds over a long holding period. On income, BRNY currently yields 0.21% against 1.01% for SPY.
Holdings Overlap
BRNY and SPY share 30 holdings out of 545 unique holdings combined, representing a 28.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BRNY or SPY?
BRNY has an expense ratio of 0.79% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $70 per year of difference.
Which performed better, BRNY or SPY?
Over the past year BRNY returned +26.65% vs +20.83% for SPY, so BRNY leads on 1-year performance. Over the longest common window we track (4 years), BRNY annualized +25.53% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, BRNY or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 14.5% for BRNY. Worst drawdown: BRNY -19.1% vs SPY -56.5%.
Should I hold both BRNY and SPY?
BRNY and SPY have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between BRNY and SPY?
BRNY and SPY share 30 common holdings with a 28.4% weight overlap. Combined, they hold 545 unique securities.
Which pays a higher dividend, BRNY or SPY?
BRNY yields 0.21% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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