HEDG vs SPY
HEDG vs SPY
Equable Shares Hedged Equity 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 | HEDG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.96% | 0.09% | |
| AUM | $424M | $789.1B | |
| Dividend Yield | 2.34% | 1.01% | |
| Holdings | 9 | 505 | |
| YTD Return | +4.99% | +13.10% | |
| 1Y Return | - | +22.80% | |
| 3Y Return (annualized) | - | +20.98% | |
| 5Y Return (annualized) | - | +13.20% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -3.9% | -56.5% | |
| Fund Family | Equable Shares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Oct 13, 2025 | Jan 22, 1993 |
HEDG vs SPY Performance
Equable Shares Hedged Equity ETF (HEDG) is a ETF from Equable Shares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, HEDG is up 4.99% versus a gain of 13.10% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -3.9% for HEDG 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
HEDG charges 0.96% per year while SPY charges 0.09%. On a $10,000 position that is $96 vs $9 annually, a gap of $87 per year that compounds over a long holding period. On income, HEDG currently yields 2.34% against 1.01% for SPY.
Holdings Overlap
HEDG and SPY share 0 holdings out of 508 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, HEDG or SPY?
HEDG has an expense ratio of 0.96% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $87 per year of difference.
What is the holdings overlap between HEDG and SPY?
HEDG and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, HEDG or SPY?
HEDG yields 2.34% while SPY yields 1.01%, so HEDG currently pays the higher dividend yield.
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