BBAG vs SPY
BBAG vs SPY
JPMorgan BetaBuilders US Aggregate Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
BBAG has a lower expense ratio. SPY delivered stronger 1-year returns. BBAG offers more diversification with 1312 holdings.
Side-by-Side Comparison
| Metric | BBAG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.09% | |
| AUM | $1.0B | $789.1B | |
| Dividend Yield | 4.20% | 1.01% | |
| Holdings | 1,791 | 505 | |
| YTD Return | -1.66% | +9.93% | |
| 1Y Return | +1.55% | +19.50% | |
| 3Y Return (annualized) | +3.47% | +19.33% | |
| 5Y Return (annualized) | -0.78% | +12.82% | |
| Volatility (annualized) | 5.7% | 15.3% | |
| Max Drawdown | -19.6% | -56.5% | |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Dec 12, 2018 | Jan 22, 1993 |
BBAG vs SPY Performance
JPMorgan BetaBuilders US Aggregate Bond ETF (BBAG) is a ETF from J.P. Morgan Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BBAG returned +1.55% while SPY returned +19.50%. Year to date, BBAG is down 1.66% versus a gain of 9.93% for SPY.
Over three years, BBAG compounded at +3.47% per year against +19.33% for SPY; over five years the annualized figures are -0.78% and +12.82% respectively. Across the full 8-year window we track, SPY has the edge at +8.74% annualized vs +0.84%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 5.7% for BBAG. 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 -19.6% for BBAG 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 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BBAG charges 0.03% per year while SPY charges 0.09%. On a $10,000 position that is $3 vs $9 annually, a gap of $6 per year that compounds over a long holding period. On income, BBAG currently yields 4.20% against 1.01% for SPY.
Holdings Overlap
BBAG and SPY share 1 holdings out of 1814 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in BBAG | Weight in SPY | Difference |
|---|---|---|---|
| KDP | 0.05% | 0.07% | 0.02% |
Frequently Asked Questions
Which is cheaper, BBAG or SPY?
BBAG has an expense ratio of 0.03% while SPY charges 0.09%. BBAG is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, BBAG or SPY?
Over the past year BBAG returned +1.55% vs +19.50% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (8 years), BBAG annualized +0.84% vs +8.74% for SPY. Past performance does not guarantee future results.
Which is riskier, BBAG or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 5.7% for BBAG. Worst drawdown: BBAG -19.6% vs SPY -56.5%.
Should I hold both BBAG and SPY?
BBAG and SPY have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BBAG and SPY?
BBAG and SPY share 1 common holdings with a 0.1% weight overlap. Combined, they hold 1814 unique securities.
Which pays a higher dividend, BBAG or SPY?
BBAG yields 4.20% while SPY yields 1.01%, so BBAG currently pays the higher dividend yield.
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