HBRD vs SPY
HBRD vs SPY
Invesco US Hybrid Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | HBRD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.09% | |
| AUM | $15M | $789.1B | |
| Dividend Yield | 1.99% | 1.01% | |
| Holdings | 172 | 505 | |
| YTD Return | +0.07% | +13.28% | |
| 1Y Return | - | +23.94% | |
| 3Y Return (annualized) | - | +21.07% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -2.9% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Feb 25, 2026 | Jan 22, 1993 |
HBRD vs SPY Performance
Invesco US Hybrid Bond ETF (HBRD) is a ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, HBRD is up 0.07% versus a gain of 13.28% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -2.9% for HBRD and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
HBRD charges 0.40% per year while SPY charges 0.09%. On a $10,000 position that is $40 vs $9 annually, a gap of $31 per year that compounds over a long holding period. On income, HBRD currently yields 1.99% against 1.01% for SPY.
Holdings Overlap
HBRD and SPY share 1 holdings out of 637 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in HBRD | Weight in SPY | Difference |
|---|---|---|---|
| CNP | 0.51% | 0.04% | 0.47% |
Frequently Asked Questions
Which is cheaper, HBRD or SPY?
HBRD has an expense ratio of 0.40% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
What is the holdings overlap between HBRD and SPY?
HBRD and SPY share 1 common holdings with a 0.0% weight overlap. Combined, they hold 637 unique securities.
Which pays a higher dividend, HBRD or SPY?
HBRD yields 1.99% while SPY yields 1.01%, so HBRD currently pays the higher dividend yield.
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