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SPY vs HECO
State Street SPDR S&P 500 ETF Trust vs State Street Galaxy Hedged Digital Asset Ecosystem ETF
Key differences
SPY is an equity ETF, while HECO is an alternative ETF. SPY charges 0.09% a year and HECO 0.90%.
- SPY is an equity fund, while HECO is an alternative fund. They carry different risk/return profiles.
- SPY follows a index tracking strategy; HECO uses option income.
- SPY costs 0.81% less per year.
- SPY is much larger than HECO. Larger funds are usually more liquid and less likely to close.
- SPY has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| SPY | HECO | |
|---|---|---|
| Annual cost (TER) | 0.09% | 0.90% |
| Fund size (AUM) | $783.8B | $116M |
| Since | 1993 | 2024 |
| Dividend yield | 0.98% | 0.00% |
| Asset class | equity | alternative |
| Region | north america | north america |
| Strategy | index tracking | option income |
| CAGR 1Y | +25.2% | +117.9% |
| CAGR 3Y | +22.4% | N/A |
| CAGR 5Y | +13.5% | N/A |
| Sharpe 3Y | 1.17 | N/A |
| Volatility 1Y | 12.12% | 37.71% |
| Max drawdown | -33.72% | -43.74% |
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