BWTG vs SPY
Brendan Wood TopGun ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BWTG or SPY?
Mid Cap Blend against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 57.3%.
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 | BWTG | SPY |
|---|---|---|
| Expense Ratio | 0.95% | 0.09%Best |
| AUM | $20M | $804.7B |
| Dividend Yield | 0.33% | 0.98% |
| Holdings | 26 | 505 |
| YTD Return | +5.67% | +11.52%Best |
| 1Y Return | +10.35% | +17.48%Best |
| 3Y Return (annualized) | - | +20.62% |
| 5Y Return (annualized) | - | +12.73% |
| Volatility (annualized) | 11.9% | 11.8%Best |
| Max Drawdown | -13.2%Best | -18.8% |
| $10,000 over 2.8 years | $16,549 | $17,931Best |
| Top 10 Weight | 57.3% | 38.0%Best |
| Fund Family | Brendan Wood TopGun | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Blend |
| Inception | Nov 9, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Nov 9, 2023 to Sep 10, 2026 (2.8 years).
BWTG 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 2.8 years both funds cover.
BWTG vs SPY Performance
Brendan Wood TopGun ETF (BWTG) is an ETF from Brendan Wood TopGun and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BWTG returned +10.35% while SPY returned +17.48%. Year to date, BWTG is up 5.67% versus a gain of 11.52% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BWTG has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 11.8% 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 -13.2% for BWTG 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BWTG 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, BWTG currently yields 0.33% against 0.98% for SPY.
Holdings Overlap
71.8% of BWTG's money is in holdings SPY also owns. 23.2% of SPY's money is in holdings BWTG also owns.
Most of BWTG is already inside SPY. Owning both mostly buys the same companies twice.
15 positions in common, counted across the 20 positions we hold weights for in BWTG and 504 in SPY, against full books of 26 and 505.
What only one of them owns
Our book lists 479 positions for SPY that do not appear in our book for BWTG (76.3% of the fund), and 1 for BWTG that do not appear in SPY (8.1%).
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.
Top Shared Holdings
| Stock | Weight in BWTG | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 6.50% | 7.71% | 1.21% |
| GOOGAlphabet Inc | 5.93% | 2.67% | 3.26% |
| AMZNAmazon.Com Inc | 4.02% | 4.08% | 0.06% |
| AVGOBroadcom Inc | 3.96% | 2.97% | 0.99% |
| WELLWelltower Inc | 5.83% | 0.25% | 5.58% |
| MUMicron Technology, Inc. | 4.41% | 1.51% | 2.90% |
| TRGPTarga Resources Corp. | 5.76% | 0.08% | 5.68% |
| LLYEli Lilly & Co. | 4.26% | 1.33% | 2.93% |
| PHParker-Hannifin Corp. | 5.28% | 0.19% | 5.09% |
| AMDAdvanced Micro Devices Inc. | 4.20% | 1.27% | 2.93% |
71.8% of BWTG 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, BWTG or SPY?
BWTG has an expense ratio of 0.95% while SPY charges 0.09%. SPY is the cheaper option, by $86 a year on a $10,000 investment.
Which performed better, BWTG or SPY?
Over the past year BWTG returned +10.35% vs +17.48% 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, BWTG or SPY?
BWTG has been the more volatile fund at 11.9% annualized versus 11.8% for SPY. Worst drawdown: BWTG -13.2% vs SPY -18.8%.
Should I hold both BWTG and SPY?
BWTG and SPY have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BWTG and SPY?
71.8% of BWTG's money is in holdings SPY also owns. 23.2% of SPY's is in holdings BWTG also owns. They hold 15 positions in common, counted across the 20 positions we hold weights for in BWTG and 504 in SPY.
Which pays a higher dividend, BWTG or SPY?
BWTG yields 0.33% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than BWTG?
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 57.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.