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SPYM vs HECO

State Street SPDR Portfolio S&P 500 ETF vs State Street Galaxy Hedged Digital Asset Ecosystem ETF

SPYM

State Street SPDR Portfolio S&P 500 ETF

Annual cost

0.02%

Fund size

$137.6B

HECO

State Street Galaxy Hedged Digital Asset Ecosystem ETF

Annual cost

0.90%

Fund size

$116M

Key differences

SPYM is an equity ETF, while HECO is an alternative ETF. SPYM charges 0.02% a year and HECO 0.90%.

  • SPYM is an equity fund, while HECO is an alternative fund. They carry different risk/return profiles.
  • SPYM follows a index tracking strategy; HECO uses option income.
  • SPYM costs 0.88% less per year.
  • SPYM is much larger than HECO. Larger funds are usually more liquid and less likely to close.
  • SPYM has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

SPYMHECO
Annual cost (TER)0.02%0.90%
Fund size (AUM)$137.6B$116M
Since20052024
Dividend yield1.05%0.00%
Asset classequityalternative
Regionnorth americanorth america
Strategyindex trackingoption income
CAGR 1Y+25.3%+117.9%
CAGR 3Y+22.5%N/A
CAGR 5Y+13.5%N/A
Sharpe 3Y1.21N/A
Volatility 1Y12.09%37.71%
Max drawdown-33.87%-43.74%

Similar to SPYM and HECO