AHYB vs SPY
AHYB vs SPY
American Century Select High Yield ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | AHYB | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.09% | |
| AUM | $62M | $789.1B | |
| Dividend Yield | 5.99% | 1.01% | |
| Holdings | 609 | 505 | |
| YTD Return | +1.19% | +9.93% | |
| 1Y Return | +4.84% | +19.50% | |
| 3Y Return (annualized) | +7.38% | +19.33% | |
| 5Y Return (annualized) | - | +12.82% | |
| Volatility (annualized) | 7.5% | 15.3% | |
| Max Drawdown | -14.8% | -56.5% | |
| Fund Family | American Century Investments | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Nov 16, 2021 | Jan 22, 1993 |
AHYB vs SPY Performance
American Century Select High Yield ETF (AHYB) is a ETF from American Century Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year AHYB returned +4.84% while SPY returned +19.50%. Year to date, AHYB is up 1.19% versus a gain of 9.93% for SPY.
Over three years, AHYB compounded at +7.38% per year against +19.33% for SPY. Across the full 5-year window we track, SPY has the edge at +8.74% annualized vs +3.65%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 7.5% for AHYB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -14.8% for AHYB and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AHYB charges 0.45% per year while SPY charges 0.09%. On a $10,000 position that is $45 vs $9 annually, a gap of $36 per year that compounds over a long holding period. On income, AHYB currently yields 5.99% against 1.01% for SPY.
Holdings Overlap
AHYB and SPY share 0 holdings out of 947 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AHYB or SPY?
AHYB has an expense ratio of 0.45% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, AHYB or SPY?
Over the past year AHYB returned +4.84% vs +19.50% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), AHYB annualized +3.65% vs +8.74% for SPY. Past performance does not guarantee future results.
Which is riskier, AHYB or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 7.5% for AHYB. Worst drawdown: AHYB -14.8% vs SPY -56.5%.
Should I hold both AHYB and SPY?
AHYB and SPY have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AHYB and SPY?
AHYB and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 947 unique securities.
Which pays a higher dividend, AHYB or SPY?
AHYB yields 5.99% while SPY yields 1.01%, so AHYB currently pays the higher dividend yield.
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