BKGI vs SPY
BNY Mellon Global Infrastructure Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BKGI or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 54.8%.
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 | BKGI | SPY |
|---|---|---|
| Expense Ratio | 0.55% | 0.09%Best |
| AUM | $1.9B | $823.2B |
| Dividend Yield | 3.11% | 0.99% |
| Holdings | 38 | 1,515 |
| YTD Return | +1.32% | +13.85%Best |
| 1Y Return | +4.78% | +17.28%Best |
| 3Y Return (annualized) | +19.90% | +22.45%Best |
| 5Y Return (annualized) | - | +13.10% |
| Volatility (annualized) | 13.8% | 12.8%Best |
| Max Drawdown | -14.8%Best | -18.8% |
| $10,000 over 3.9 years | $18,645 | $21,703Best |
| Top 10 Weight | 54.8% | 38.2%Best |
| Fund Family | BNY Mellon Investment Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Nov 2, 2022 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Nov 3, 2022 to Oct 15, 2026 (3.9 years).
BKGI 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 3.9 years both funds cover.
BKGI vs SPY Performance
BNY Mellon Global Infrastructure Income ETF (BKGI) is an ETF from BNY Mellon Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BKGI returned +4.78% while SPY returned +17.28%. Year to date, BKGI is up 1.32% versus a gain of 13.85% for SPY.
Over three years, BKGI compounded at +19.90% per year against +22.45% for SPY. Across the full 4-year window we track, SPY has the edge at +21.98% annualized vs +17.32%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BKGI has been the more volatile fund, with annualized monthly volatility of 13.8% compared with 12.8% 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 -14.8% for BKGI 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 0.44. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BKGI charges 0.55% per year while SPY charges 0.09%. On a $10,000 position that is $55 vs $9 annually, a gap of $46 per year that compounds over a long holding period. On income, BKGI currently yields 3.11% against 0.99% for SPY.
Holdings Overlap
21.3% of BKGI's money is in holdings SPY also owns. 0.6% of SPY's money is in holdings BKGI also owns.
BKGI and SPY share little of their money.
7 positions in common, counted across the 30 positions we hold weights for in BKGI and 504 in SPY, against full books of 38 and 1,515.
What only one of them owns
Our book lists 490 positions for SPY that do not appear in our book for BKGI (98.7% of the fund), and 6 for BKGI that do not appear in SPY (20.6%).
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 BKGI | Weight in SPY | Difference |
|---|---|---|---|
| DOCHealthpeak Properties Inc | 6.51% | 0.02% | 6.49% |
| OKEOneok | 3.25% | 0.09% | 3.16% |
| DDominion Energy Inc. | 3.14% | 0.09% | 3.05% |
| AMTAmerican Tower Corporation | 2.40% | 0.13% | 2.27% |
| ESEversource Energ | 2.30% | 0.04% | 2.26% |
| VSTVistra Energy Corp. | 1.91% | 0.07% | 1.84% |
| CEGConstellation Energy Corporation Com | 1.80% | 0.13% | 1.67% |
21.3% of BKGI 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, BKGI or SPY?
BKGI has an expense ratio of 0.55% while SPY charges 0.09%. SPY is the cheaper option, by $46 a year on a $10,000 investment.
Which performed better, BKGI or SPY?
Over the past year BKGI returned +4.78% vs +17.28% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), BKGI annualized +17.32% vs +21.98% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BKGI or SPY?
BKGI has been the more volatile fund at 13.8% annualized versus 12.8% for SPY. Worst drawdown: BKGI -14.8% vs SPY -18.8%.
Should I hold both BKGI and SPY?
BKGI and SPY have a monthly-return correlation of 0.44, 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 BKGI and SPY?
21.3% of BKGI's money is in holdings SPY also owns. 0.6% of SPY's is in holdings BKGI also owns. They hold 7 positions in common, counted across the 30 positions we hold weights for in BKGI and 504 in SPY.
Which pays a higher dividend, BKGI or SPY?
BKGI yields 3.11% while SPY yields 0.99%, so BKGI currently pays the higher dividend yield.
Is SPY better than BKGI?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 54.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.