BTRN vs SPY
Global X Bitcoin Trend Strategy 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 503 holdings.
Side-by-Side Comparison
| Metric | BTRN | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.09% | |
| AUM | $1M | $789.1B | |
| Dividend Yield | 31.41% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | -10.07% | +13.39% | |
| 1Y Return | -23.77% | +22.52% | |
| 3Y Return (annualized) | - | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 33.3% | 15.3% | |
| Max Drawdown | -37.0% | -56.5% | |
| Fund Family | Global X by mirae Asset | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Mar 20, 2024 | Jan 22, 1993 |
BTRN vs SPY Performance
Global X Bitcoin Trend Strategy ETF (BTRN) is a ETF from Global X by mirae Asset and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BTRN returned -23.77% while SPY returned +22.52%. Year to date, BTRN is down 10.07% versus a gain of 13.39% for SPY.
Risk: Volatility and Drawdowns
BTRN has been the more volatile fund, with annualized monthly volatility of 33.3% 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 -37.0% for BTRN 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 0.37. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BTRN charges 0.95% per year while SPY charges 0.09%. On a $10,000 position that is $95 vs $9 annually, a gap of $86 per year that compounds over a long holding period. On income, BTRN currently yields 31.41% against 1.01% for SPY.
Holdings Overlap
BTRN and SPY share 0 holdings out of 504 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, BTRN or SPY?
BTRN has an expense ratio of 0.95% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which performed better, BTRN or SPY?
Over the past year BTRN returned -23.77% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), BTRN annualized -0.31% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, BTRN or SPY?
BTRN has been the more volatile fund at 33.3% annualized versus 15.3% for SPY. Worst drawdown: BTRN -37.0% vs SPY -56.5%.
Should I hold both BTRN and SPY?
BTRN and SPY have a monthly-return correlation of 0.37, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BTRN and SPY?
BTRN and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, BTRN or SPY?
BTRN yields 31.41% while SPY yields 1.01%, so BTRN currently pays the higher dividend yield.
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