BTR vs SPY
Beacon Tactical Risk ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BTR or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 91.7%.
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 | BTR | SPY |
|---|---|---|
| Expense Ratio | 1.08% | 0.09%Best |
| AUM | $33M | $804.7B |
| Dividend Yield | 1.15% | 0.98% |
| Holdings | 13 | 505 |
| YTD Return | +8.87% | +12.09%Best |
| 1Y Return | +11.13% | +16.29%Best |
| 3Y Return (annualized) | +5.19% | +21.20%Best |
| 5Y Return (annualized) | - | +13.37% |
| Volatility (annualized) | 11.2%Best | 12.6% |
| Max Drawdown | -16.7%Best | -18.8% |
| $10,000 over 3.4 years | $11,427 | $19,087Best |
| Top 10 Weight | 91.7% | 37.8%Best |
| Fund Family | Beacon Capital Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Apr 17, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: Apr 18, 2023 to Sep 18, 2026 (3.4 years).
BTR 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 3.4 years both funds cover.
BTR vs SPY Performance
Beacon Tactical Risk ETF (BTR) is an ETF from Beacon Capital Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BTR returned +11.13% while SPY returned +16.29%. Year to date, BTR is up 8.87% versus a gain of 12.09% for SPY.
Over three years, BTR compounded at +5.19% per year against +21.20% 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 12.6% compared with 11.2% for BTR. 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 -16.7% for BTR 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 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BTR charges 1.08% per year while SPY charges 0.09%. On a $10,000 position that is $108 vs $9 annually, a gap of $99 per year that compounds over a long holding period. On income, BTR currently yields 1.15% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 11 holdings in BTR and 504 in SPY, totalling 99.5% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 11 positions we hold weights for in BTR and 504 in SPY, against full books of 13 and 505.
What only one of them owns
Our book lists 497 positions for SPY that do not appear in our book for BTR (99.3% of the fund), and 11 for BTR that do not appear in SPY (99.5%).
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.
You are not choosing between two funds in isolation.
Whichever of BTR 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 is cheaper, BTR or SPY?
BTR has an expense ratio of 1.08% while SPY charges 0.09%. SPY is the cheaper option, by $99 a year on a $10,000 investment.
Which performed better, BTR or SPY?
Over the past year BTR returned +11.13% vs +16.29% 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, BTR or SPY?
SPY has been the more volatile fund at 12.6% annualized versus 11.2% for BTR. Worst drawdown: BTR -16.7% vs SPY -18.8%.
Should I hold both BTR and SPY?
BTR and SPY have a monthly-return correlation of 0.68, 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, BTR or SPY?
BTR yields 1.15% while SPY yields 0.98%, so BTR currently pays the higher dividend yield.
Is SPY better than BTR?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 91.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.