BVAL vs SPY

Quick Verdict

SPY has a lower expense ratio. BVAL delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.

Lower Fees: SPYHigher Returns: BVALMore Diversified: SPY

Side-by-Side Comparison

MetricBVALSPYWinner
Expense Ratio0.24%0.09%
AUM-$789.1B
Dividend Yield-1.01%
Holdings5505
YTD Return+15.58%+13.79%
1Y Return+25.95%+23.66%
3Y Return (annualized)-+21.40%
5Y Return (annualized)-+13.37%
Volatility (annualized)8.8%15.3%
Max Drawdown-6.7%-56.5%
Fund FamilyBluemonte Investment ManagementState Street Investment Management
CategoryEquityEquity
InceptionJun 20, 2025Jan 22, 1993

BVAL vs SPY Performance

Bluemonte Large Cap Value ETF (BVAL) is a ETF from Bluemonte Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BVAL returned +25.95% while SPY returned +23.66%. Year to date, BVAL is up 15.58% versus a gain of 13.79% for SPY.

Risk: Volatility and Drawdowns

SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 8.8% for BVAL. 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 -6.7% for BVAL 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 0.84. They usually move together, but the gap leaves some room for diversification.

Fees and Cost Over Time

BVAL charges 0.24% per year while SPY charges 0.09%. On a $10,000 position that is $24 vs $9 annually, a gap of $15 per year that compounds over a long holding period.

Holdings Overlap

0.0%overlap

BVAL and SPY share 0 holdings out of 507 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, BVAL or SPY?

BVAL has an expense ratio of 0.24% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $15 per year of difference.

Which performed better, BVAL or SPY?

Over the past year BVAL returned +25.95% vs +23.66% for SPY, so BVAL leads on 1-year performance. Over the longest common window we track (1 years), BVAL annualized +25.87% vs +8.85% for SPY. Past performance does not guarantee future results.

Which is riskier, BVAL or SPY?

SPY has been the more volatile fund at 15.3% annualized versus 8.8% for BVAL. Worst drawdown: BVAL -6.7% vs SPY -56.5%.

Should I hold both BVAL and SPY?

BVAL and SPY have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between BVAL and SPY?

BVAL and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.

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