BSR vs SPY
Beacon Unified Catalyst ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BSR | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.09% | 0.09% | |
| AUM | $35M | $821.1B | |
| Dividend Yield | 2.83% | 1.01% | |
| Holdings | 14 | 505 | |
| YTD Return | +4.18% | +12.22% | |
| 1Y Return | +8.20% | +20.83% | |
| 3Y Return (annualized) | +8.02% | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 9.6% | 15.3% | |
| Max Drawdown | -15.7% | -56.5% | |
| Fund Family | Beacon Capital Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Apr 17, 2023 | Jan 22, 1993 |
BSR vs SPY Performance
Beacon Unified Catalyst ETF (BSR) is a ETF from Beacon Capital Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BSR returned +8.20% while SPY returned +20.83%. Year to date, BSR is up 4.18% versus a gain of 12.22% for SPY.
Over three years, BSR compounded at +8.02% per year against +21.70% for SPY. Across the full 3-year window we track, SPY has the edge at +8.79% annualized vs +7.73%. 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 9.6% for BSR. 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 -15.7% for BSR 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BSR charges 1.09% per year while SPY charges 0.09%. On a $10,000 position that is $109 vs $9 annually, a gap of $100 per year that compounds over a long holding period. On income, BSR currently yields 2.83% against 1.01% for SPY.
Holdings Overlap
BSR and SPY share 0 holdings out of 531 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BSR or SPY?
BSR has an expense ratio of 1.09% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $100 per year of difference.
Which performed better, BSR or SPY?
Over the past year BSR returned +8.20% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), BSR annualized +7.73% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, BSR or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 9.6% for BSR. Worst drawdown: BSR -15.7% vs SPY -56.5%.
Should I hold both BSR and SPY?
BSR and SPY have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BSR and SPY?
BSR and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 531 unique securities.
Which pays a higher dividend, BSR or SPY?
BSR yields 2.83% while SPY yields 1.01%, so BSR currently pays the higher dividend yield.
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