BRHY vs SPY
BRHY vs SPY
iShares High Yield 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. BRHY offers more diversification with 614 holdings.
Side-by-Side Comparison
| Metric | BRHY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.09% | |
| AUM | $134M | $789.1B | |
| Dividend Yield | 7.85% | 1.01% | |
| Holdings | 876 | 505 | |
| YTD Return | +2.02% | +9.93% | |
| 1Y Return | +6.10% | +19.50% | |
| 3Y Return (annualized) | - | +19.33% | |
| 5Y Return (annualized) | - | +12.82% | |
| Volatility (annualized) | 3.4% | 15.3% | |
| Max Drawdown | -4.4% | -56.5% | |
| Fund Family | BlackRock, Inc. (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 17, 2024 | Jan 22, 1993 |
BRHY vs SPY Performance
iShares High Yield Active ETF (BRHY) 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 BRHY returned +6.10% while SPY returned +19.50%. Year to date, BRHY is up 2.02% versus a gain of 9.93% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 3.4% for BRHY. 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 -4.4% for BRHY 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BRHY charges 0.45% per year while SPY charges 0.09%. On a $10,000 position that is $45 vs $9 annually, a gap of $36 per year that compounds over a long holding period. On income, BRHY currently yields 7.85% against 1.01% for SPY.
Holdings Overlap
BRHY and SPY share 3 holdings out of 1114 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BRHY or SPY?
BRHY has an expense ratio of 0.45% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, BRHY or SPY?
Over the past year BRHY returned +6.10% vs +19.50% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), BRHY annualized +8.65% vs +8.74% for SPY. Past performance does not guarantee future results.
Which is riskier, BRHY or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 3.4% for BRHY. Worst drawdown: BRHY -4.4% vs SPY -56.5%.
Should I hold both BRHY and SPY?
BRHY and SPY have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BRHY and SPY?
BRHY and SPY share 3 common holdings with a 0.2% weight overlap. Combined, they hold 1114 unique securities.
Which pays a higher dividend, BRHY or SPY?
BRHY yields 7.85% while SPY yields 1.01%, so BRHY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.