BBH vs. SPY
Compare and contrast key facts about VanEck Vectors Biotech ETF (BBH) and SPDR S&P 500 ETF (SPY).
BBH and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BBH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Biotech 25 Index. It was launched on Dec 20, 2011. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both BBH and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBH or SPY.
Key characteristics
| BBH | SPY | |
|---|---|---|
| YTD Return | -0.68% | 7.90% |
| 1Y Return | 3.96% | 28.03% |
| 3Y Return (Ann) | -2.87% | 8.75% |
| 5Y Return (Ann) | 6.01% | 13.52% |
| 10Y Return (Ann) | 6.89% | 12.62% |
| Sharpe Ratio | 0.24 | 2.33 |
| Daily Std Dev | 16.21% | 11.63% |
| Max Drawdown | -72.69% | -55.19% |
| Current Drawdown | -24.80% | -2.27% |
Correlation
The correlation between BBH and SPY is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BBH vs. SPY - Performance Comparison
In the year-to-date period, BBH achieves a -0.68% return, which is significantly lower than SPY's 7.90% return. Over the past 10 years, BBH has underperformed SPY with an annualized return of 6.89%, while SPY has yielded a comparatively higher 12.62% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BBH vs. SPY - Expense Ratio Comparison
BBH has a 0.35% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BBH vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Biotech ETF (BBH) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BBH vs. SPY - Dividend Comparison
BBH's dividend yield for the trailing twelve months is around 0.43%, less than SPY's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBH VanEck Vectors Biotech ETF | 0.43% | 0.43% | 0.47% | 0.21% | 0.36% | 0.34% | 0.50% | 0.55% | 0.30% | 0.27% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.31% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BBH vs. SPY - Drawdown Comparison
The maximum BBH drawdown since its inception was -72.69%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BBH and SPY. For additional features, visit the drawdowns tool.
Volatility
BBH vs. SPY - Volatility Comparison
VanEck Vectors Biotech ETF (BBH) has a higher volatility of 5.65% compared to SPDR S&P 500 ETF (SPY) at 4.08%. This indicates that BBH's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.