BGB vs SPY
BGB vs SPY
Blackstone Strategic Credit 2027 Term Fund vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | BGB | SPY | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.09% | |
| AUM | $524M | $789.1B | |
| Dividend Yield | 8.14% | 1.01% | |
| Holdings | 616 | 505 | |
| YTD Return | -1.21% | +9.93% | |
| 1Y Return | -2.41% | +19.50% | |
| 3Y Return (annualized) | +9.41% | +19.33% | |
| 5Y Return (annualized) | +4.45% | +12.82% | |
| Volatility (annualized) | 11.8% | 15.3% | |
| Max Drawdown | -59.1% | -56.5% | |
| Fund Family | The Blackstone Group Inc | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 26, 2012 | Jan 22, 1993 |
BGB vs SPY Performance
Blackstone Strategic Credit 2027 Term Fund (BGB) is a ETF from The Blackstone Group Inc and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BGB returned -2.41% while SPY returned +19.50%. Year to date, BGB is down 1.21% versus a gain of 9.93% for SPY.
Over three years, BGB compounded at +9.41% per year against +19.33% for SPY; over five years the annualized figures are +4.45% and +12.82% respectively. Across the full 14-year window we track, SPY has the edge at +8.74% annualized vs -0.91%. 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 11.8% for BGB. 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 -59.1% for BGB 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Holdings Overlap
BGB and SPY share 0 holdings out of 862 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which performed better, BGB or SPY?
Over the past year BGB returned -2.41% vs +19.50% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (14 years), BGB annualized -0.91% vs +8.74% for SPY. Past performance does not guarantee future results.
Which is riskier, BGB or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 11.8% for BGB. Worst drawdown: BGB -59.1% vs SPY -56.5%.
Should I hold both BGB and SPY?
BGB and SPY have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BGB and SPY?
BGB and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 862 unique securities.
Which pays a higher dividend, BGB or SPY?
BGB yields 8.14% while SPY yields 1.01%, so BGB currently pays the higher dividend yield.
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