BINC vs SPY
BINC vs SPY
iShares Flexible Income Active ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | BINC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.09% | |
| AUM | $16.1B | $789.1B | |
| Dividend Yield | 5.84% | 1.01% | |
| Holdings | 4,738 | 505 | |
| YTD Return | +1.09% | +9.93% | |
| 1Y Return | +4.44% | +19.50% | |
| 3Y Return (annualized) | +6.68% | +19.33% | |
| 5Y Return (annualized) | - | +12.82% | |
| Volatility (annualized) | 3.2% | 15.3% | |
| Max Drawdown | -2.7% | -56.5% | |
| Fund Family | BlackRock, Inc. (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | May 19, 2023 | Jan 22, 1993 |
BINC vs SPY Performance
iShares Flexible Income Active ETF (BINC) is a ETF from BlackRock, Inc. (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BINC returned +4.44% while SPY returned +19.50%. Year to date, BINC is up 1.09% versus a gain of 9.93% for SPY.
Over three years, BINC compounded at +6.68% per year against +19.33% for SPY. Across the full 3-year window we track, SPY has the edge at +8.74% annualized vs +6.75%. 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 3.2% for BINC. 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 -2.7% for BINC 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.
Fees and Cost Over Time
BINC charges 0.40% per year while SPY charges 0.09%. On a $10,000 position that is $40 vs $9 annually, a gap of $31 per year that compounds over a long holding period. On income, BINC currently yields 5.84% against 1.01% for SPY.
Holdings Overlap
BINC and SPY share 0 holdings out of 859 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BINC or SPY?
BINC has an expense ratio of 0.40% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, BINC or SPY?
Over the past year BINC returned +4.44% vs +19.50% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), BINC annualized +6.75% vs +8.74% for SPY. Past performance does not guarantee future results.
Which is riskier, BINC or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 3.2% for BINC. Worst drawdown: BINC -2.7% vs SPY -56.5%.
Should I hold both BINC and SPY?
BINC 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 BINC and SPY?
BINC and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 859 unique securities.
Which pays a higher dividend, BINC or SPY?
BINC yields 5.84% while SPY yields 1.01%, so BINC currently pays the higher dividend yield.
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