BRRR vs SPY
CoinShares Bitcoin ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | BRRR | SPY | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.09% | |
| AUM | $382M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 2 | 505 | |
| YTD Return | -29.50% | +13.39% | |
| 1Y Return | -46.90% | +22.52% | |
| 3Y Return (annualized) | - | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 52.8% | 15.3% | |
| Max Drawdown | -53.3% | -56.5% | |
| Fund Family | Valkyrie Funds | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jan 10, 2024 | Jan 22, 1993 |
BRRR vs SPY Performance
CoinShares Bitcoin ETF (BRRR) is a ETF from Valkyrie Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BRRR returned -46.90% while SPY returned +22.52%. Year to date, BRRR is down 29.50% versus a gain of 13.39% for SPY.
Risk: Volatility and Drawdowns
BRRR has been the more volatile fund, with annualized monthly volatility of 52.8% compared with 15.3% 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 -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 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Frequently Asked Questions
Which performed better, BRRR or SPY?
Over the past year BRRR returned -46.90% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), BRRR annualized +12.18% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, BRRR or SPY?
BRRR has been the more volatile fund at 52.8% annualized versus 15.3% for SPY. Worst drawdown: BRRR -53.3% vs SPY -56.5%.
Should I hold both BRRR and SPY?
BRRR and SPY have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, BRRR or SPY?
BRRR yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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