BUSM vs SPY
EA Bridgeway Ultra-Small Company Market ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BUSM or SPY?
Small Cap Value against Large Cap Blend.
SPY has a lower expense ratio. BUSM led over 1Y. BUSM is less concentrated, with 33.9% of the fund in its ten largest positions against 37.8%.
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 | BUSM | SPY |
|---|---|---|
| Expense Ratio | 0.73% | 0.09%Best |
| AUM | $124M | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 39 | 505 |
| YTD Return | -1.09% | +13.51%Best |
| 1Y Return | - | +18.19% |
| 3Y Return (annualized) | - | +23.29% |
| 5Y Return (annualized) | - | +13.21% |
| Top 10 Weight | 33.9%Best | 37.8% |
| Fund Family | Bridgeway Funds | State Street Investment Management |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Blend |
| Inception | Jul 24, 2026 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
BUSM 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
BUSM vs SPY Performance
EA Bridgeway Ultra-Small Company Market ETF (BUSM) is an ETF from Bridgeway Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, BUSM is down 1.09% versus a gain of 13.51% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
BUSM charges 0.73% per year while SPY charges 0.09%. On a $10,000 position that is $73 vs $9 annually, a gap of $64 per year that compounds over a long holding period. On income, BUSM currently yields 0.00% against 0.98% for SPY.
Holdings Overlap
99.7% of BUSM's money is in holdings SPY also owns. 55.4% of SPY's money is in holdings BUSM also owns.
Most of BUSM is already inside SPY. Owning both mostly buys the same companies twice.
37 positions in common, counted across the 38 positions we hold weights for in BUSM and 504 in SPY, against full books of 39 and 505.
What only one of them owns
Measured across the 38 and 504 positions we hold weights for.
SPY holds 460 positions BUSM does not, 44.0% of the fund.
Largest: MU 1.60%, INTC 0.67%, CAT 0.55%, LRCX 0.55%, AMAT 0.53%
Top Shared Holdings
| Stock | Weight in BUSM | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 3.72% | 8.01% | 4.29% |
| AAPLApple, Inc | 3.54% | 7.26% | 3.72% |
| MSFTMicrosoft Corp | 3.05% | 5.66% | 2.61% |
| AVGOBroadcom Inc | 4.02% | 2.66% | 1.36% |
| AMZNAmazon.Com Inc | 2.77% | 3.79% | 1.02% |
| JPMJpmorgan Chase | 3.96% | 1.45% | 2.51% |
| GOOGLAlphabet Inc,class A | 1.91% | 2.99% | 1.08% |
| AMDAdvanced Micro Devices Inc | 3.22% | 1.14% | 2.08% |
| METAMeta Platforms Inc | 2.42% | 1.93% | 0.49% |
| GOOGAlphabet Inc | 1.90% | 2.39% | 0.49% |
99.7% of BUSM is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BUSM or SPY?
BUSM has an expense ratio of 0.73% while SPY charges 0.09%. SPY is the cheaper option, by $64 a year on a $10,000 investment.
What is the holdings overlap between BUSM and SPY?
99.7% of BUSM's money is in holdings SPY also owns. 55.4% of SPY's is in holdings BUSM also owns. They hold 37 positions in common, counted across the 38 positions we hold weights for in BUSM and 504 in SPY.
Which pays a higher dividend, BUSM or SPY?
BUSM yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than BUSM?
SPY has a lower expense ratio. BUSM led over 1Y. BUSM is less concentrated, with 33.9% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.