BROL vs SPY
BROL vs SPY
Baron Risk Optimized Large Cap ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | BROL | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.09% | |
| AUM | - | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 63 | 505 | |
| YTD Return | +2.03% | +11.49% | |
| 1Y Return | - | +21.37% | |
| 3Y Return (annualized) | - | +20.76% | |
| 5Y Return (annualized) | - | +12.94% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -4.7% | -56.5% | |
| Fund Family | Baron Funds | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 25, 2026 | Jan 22, 1993 |
BROL vs SPY Performance
Baron Risk Optimized Large Cap ETF (BROL) is a ETF from Baron Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, BROL is up 2.03% versus a gain of 11.49% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -4.7% for BROL and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
BROL 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, BROL currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
BROL and SPY share 44 holdings out of 522 unique holdings combined, representing a 39.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in BROL | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 8.00% | 7.31% | 0.69% |
| AAPL | 6.15% | 7.09% | 0.94% |
| GOOG | 7.12% | 2.66% | 4.46% |
| AMZN | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| MSFT | Pro | Pro | Pro |
| BAC | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| COST | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
See all 10 holdings BROL shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, BROL or SPY?
BROL 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.
What is the holdings overlap between BROL and SPY?
BROL and SPY share 44 common holdings with a 39.6% weight overlap. Combined, they hold 522 unique securities.
Which pays a higher dividend, BROL or SPY?
BROL yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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