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SPSM vs HECO
State Street SPDR Portfolio S&P 600 Small Cap ETF vs State Street Galaxy Hedged Digital Asset Ecosystem ETF
Key differences
SPSM is an equity ETF, while HECO is an alternative ETF. SPSM charges 0.03% a year and HECO 0.90%.
- SPSM is an equity fund, while HECO is an alternative fund. They carry different risk/return profiles.
- SPSM follows a index tracking strategy; HECO uses option income.
- SPSM costs 0.87% less per year.
- SPSM is much larger than HECO. Larger funds are usually more liquid and less likely to close.
- SPSM has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| SPSM | HECO | |
|---|---|---|
| Annual cost (TER) | 0.03% | 0.90% |
| Fund size (AUM) | $15.7B | $116M |
| Since | 2013 | 2024 |
| Dividend yield | 1.42% | 0.00% |
| Asset class | equity | alternative |
| Region | north america | north america |
| Strategy | index tracking | option income |
| CAGR 1Y | +31.2% | +117.9% |
| CAGR 3Y | +16.1% | N/A |
| CAGR 5Y | +5.8% | N/A |
| Sharpe 3Y | 0.66 | N/A |
| Volatility 1Y | 17.54% | 37.71% |
| Max drawdown | -42.89% | -43.74% |
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