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SPDW vs HECO

State Street SPDR Portfolio Developed World ex-US ETF vs State Street Galaxy Hedged Digital Asset Ecosystem ETF

SPDW

State Street SPDR Portfolio Developed World ex-US ETF

Annual cost

0.03%

Fund size

$40.9B

HECO

State Street Galaxy Hedged Digital Asset Ecosystem ETF

Annual cost

0.90%

Fund size

$116M

Key differences

SPDW is an equity ETF, while HECO is an alternative ETF. SPDW charges 0.03% a year and HECO 0.90%.

  • SPDW is an equity fund, while HECO is an alternative fund. They carry different risk/return profiles.
  • SPDW follows a index tracking strategy; HECO uses option income.
  • SPDW covers global markets excluding the US; HECO covers North America.
  • SPDW costs 0.87% less per year.
  • SPDW is much larger than HECO. Larger funds are usually more liquid and less likely to close.
  • SPDW has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

SPDWHECO
Annual cost (TER)0.03%0.90%
Fund size (AUM)$40.9B$116M
Since20072024
Dividend yield2.86%0.00%
Asset classequityalternative
Regionglobal ex usnorth america
Strategyindex trackingoption income
CAGR 1Y+27.0%+117.9%
CAGR 3Y+19.6%N/A
CAGR 5Y+8.9%N/A
Sharpe 3Y1.01N/A
Volatility 1Y16.03%37.71%
Max drawdown-34.98%-43.74%

Similar to SPDW and HECO