BRRR vs SPY
CoinShares Bitcoin ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BRRR or SPY?
Single Currency against Large Cap Blend.
SPY led over 1Y and the full window.
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 | BRRR | SPY |
|---|---|---|
| Expense Ratio | - | 0.09% |
| AUM | $443M | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 2 | 505 |
| YTD Return | -15.58% | +10.96%Best |
| 1Y Return | -35.18% | +15.52%Best |
| 3Y Return (annualized) | - | +20.73% |
| 5Y Return (annualized) | - | +12.53% |
| Volatility (annualized) | 53.9% | 12.1%Best |
| Max Drawdown | -53.3% | -18.8%Best |
| $10,000 over 2.7 years | $16,166 | $16,368Best |
| Fund Family | Valkyrie Funds | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Single Currency | Large Cap Blend |
| Inception | Jan 10, 2024 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Jan 11, 2024 to Sep 16, 2026 (2.7 years).
BRRR 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 2.7 years both funds cover.
BRRR vs SPY Performance
CoinShares Bitcoin ETF (BRRR) is an ETF from Valkyrie Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BRRR returned -35.18% while SPY returned +15.52%. Year to date, BRRR is down 15.58% versus a gain of 10.96% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BRRR has been the more volatile fund, with annualized monthly volatility of 53.9% compared with 12.1% 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 -53.3% for BRRR and -18.8% 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 0.49. They move together some of the time, and apart the rest.
You are not choosing between two funds in isolation.
Whichever of BRRR 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 performed better, BRRR or SPY?
Over the past year BRRR returned -35.18% vs +15.52% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BRRR or SPY?
BRRR has been the more volatile fund at 53.9% annualized versus 12.1% for SPY. Worst drawdown: BRRR -53.3% vs SPY -18.8%.
Should I hold both BRRR and SPY?
BRRR and SPY have a monthly-return correlation of 0.49, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BRRR or SPY?
BRRR yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than BRRR?
SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.