BUXX vs SPY
BUXX vs SPY
Strive Enhanced Income Short Maturity 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 | BUXX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.26% | 0.09% | |
| AUM | $488M | $789.1B | |
| Dividend Yield | 5.11% | 1.01% | |
| Holdings | 337 | 505 | |
| YTD Return | +2.30% | +11.49% | |
| 1Y Return | +3.93% | +21.37% | |
| 3Y Return (annualized) | +5.24% | +20.76% | |
| 5Y Return (annualized) | - | +12.94% | |
| Volatility (annualized) | 0.7% | 15.3% | |
| Max Drawdown | -0.6% | -56.5% | |
| Fund Family | Strive Asset Management | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Aug 10, 2023 | Jan 22, 1993 |
BUXX vs SPY Performance
Strive Enhanced Income Short Maturity ETF (BUXX) is a ETF from Strive Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BUXX returned +3.93% while SPY returned +21.37%. Year to date, BUXX is up 2.30% versus a gain of 11.49% for SPY.
Over three years, BUXX compounded at +5.24% per year against +20.76% for SPY. Across the full 3-year window we track, SPY has the edge at +8.78% annualized vs +5.24%. 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 0.7% for BUXX. 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 -0.6% for BUXX 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 0.23. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BUXX charges 0.26% per year while SPY charges 0.09%. On a $10,000 position that is $26 vs $9 annually, a gap of $17 per year that compounds over a long holding period. On income, BUXX currently yields 5.11% against 1.01% for SPY.
Holdings Overlap
BUXX and SPY share 0 holdings out of 637 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, BUXX or SPY?
BUXX has an expense ratio of 0.26% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, BUXX or SPY?
Over the past year BUXX returned +3.93% vs +21.37% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), BUXX annualized +5.24% vs +8.78% for SPY. Past performance does not guarantee future results.
Which is riskier, BUXX or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 0.7% for BUXX. Worst drawdown: BUXX -0.6% vs SPY -56.5%.
Should I hold both BUXX and SPY?
BUXX and SPY have a monthly-return correlation of 0.23, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BUXX and SPY?
BUXX and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 637 unique securities.
Which pays a higher dividend, BUXX or SPY?
BUXX yields 5.11% while SPY yields 1.01%, so BUXX currently pays the higher dividend yield.
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